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Navigating the Lawrence Housing Market: 5 Must-Dos Before Buying a Home

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  Navigating the Lawrence Housing Market: 5 Must-Dos Before Buying a Home As a bustling and vibrant city, Lawrence offers a dynamic housing market filled with opportunities for potential homebuyers. However, diving into this market requires careful preparation and strategic planning. If you’re ready to begin the journey of homeownership, it is important to cross a few items off your to-do list before hunting for the perfect house. Buying a home is a process, and you want to be as prepared as possible. Here are five essential steps to take that will get you ready to buy a home in Lawrence. 1. Get Your Money Straight Start early—about a year to six months before you begin the buying process, find a lender and have them pull your credit. This will give you insight into what to expect and what you may need to fix before you can make the purchase you want. Your lender will be able to let you know what you qualify for based on your current income, ensuring you look for homes within your ...
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Is Owning a Home Still the Dream for Young Buyers?

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  Is Owning a Home Still the American Dream for Younger Buyers? Everyone has their own idea of the American Dream, and it's different for each person. But, in a recent  survey  by  Bankrate , people were asked about the achievements they believe represent the American Dream the most. The answers show that owning a home still claims the #1 spot for many Americans today ( see graph below ):   In fact, according to the graph, owning a home is more important to people than retiring, having a successful career, or even getting a college degree. But is the dream of homeownership still alive for younger generations? A recent  survey  by  1000watt  dives into how the two generations many people believed would be the renter generations (Gen Z and millennials) feel about homeownership. Specifically, it asks if they want to buy a home in the future. The resounding answer is yes ( see graph below ): While there are plenty of reasons why someone might pre...
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Home Price Growth Stabilizing

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  Home Price Growth Is Returning to Normal [INFOGRAPHIC] Some Highlights If you're wondering what’s happening with  home prices , know they’re still  rising , just at a slower pace – and that’s perfectly normal for this time of year.   Based on  typical seasonality  in the market,  prices  go up most in the spring during the peak buying season, and then price growth slows down as the year goes on. Home prices aren’t falling. They’re just rising slower and going  back to normal  seasonal trends. That’s a good thing. If you're curious about prices in our area, let’s connect.
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