RewardExpert - Safeguard Your Financial Investment with ValueInsured

RewardExpert - Safeguard Your Financial Investment with ValueInsured

It’s a seller’s market across much of the U.S. thanks to brisk growth in home prices and low for-sale inventory in many areas. While that’s great news for homeowners who want to enjoy the financial benefits of increasing equity—such as refinancing to lower mortgage payments or even take out cash—it’s bad news for buyers, many of whom are afraid to make the largest investment of their lives at what could be the apex of another real estate bubble.

In fact, though the Fall 2017 Modern Homebuyer Survey from ValueInsured revealed that 79 percent of homeowners believe now is a good time to sell, only 57 percent of the 66 percent who are interested in selling think they’ll actually be able to do so within the next three years.

“This dichotomy is caused by greed and fear,” Joe Melendez, founder and CEO of ValueInsured, explained to Reward Expert. “On the greed side of the equation, people realize that prices have recovered, and in some markets, are at all-time highs. However, they also realize that if they want to buy a new house, it’s going to cost them more than the one they just sold. So, they decide to just stay put. That’s the fear element.”

Fortunately, Melendez says there is a way to take fear out of the equation: ValueInsured +Plus Down Payment Protection.

Top 5 reasons Millennials are not buying homes – yet

Top 5 reasons Millennials are not buying homes – yet

Coming out of the last housing crisis – can you believe we’re at the 10-year mark? – an urgent priority for the housing industry was to expand the market by getting more Millennials to buy homes. For the first nine years, that vision has not exactly panned out. Last year, Millennial homeownership rate dropped to the lowest level recorded in over 5 decades. As the economy improved and as Millennials continue to age, earn more, and start their own families, that dismal figure has rebounded to the current 35.3%, but it is still near 10 percent points lower than a decade ago.  Here are reasons we found based on our latest research.

Homebuyers knew, so they wait

Homebuyers knew, so they wait

After weeks of resistance from the nation’s realtors, builders and mortgage lenders, our policy makers voted to proceed with a tax reform bill that some say would fuel economic growth, while others say could trigger a housing crash. At ValueInsured, we are not political pundits or policy lobbyists; but what we devote ourselves to everyday is homebuyers’ confidence – how we can help them buy their dream home, build memories with their family, while sleeping soundly at night. 

Here's our take...

A dream home, with some compromises

A dream home, with some compromises

Anecdotally, we have heard homebuyers are giving up commute time, extra outdoor space, or even privacy by mean of taking on extra roommates in order to buy a home that doesn’t break the bank. In the latest ValueInsured Modern Homebuyer Survey conducted in the last week of October 2017, we asked interested homebuyers what they are least willing to give up in a new home. 

Overall, Americans are least willing to give up the following home attributes, even if their home purchase budget is strained

MBA: Homeowners - Great Time to Sell; Not So Much to Buy

MBA: Homeowners - Great Time to Sell; Not So Much to Buy

As seen as The Lede on MBA Newslink

It's a seller's market thanks to low inventory, but ValueInsured, Dallas, said many would-be sellers are hesitating to sell because of the high price they'd have to pay for their next home.

The company's quarterly Modern Homebuyer Survey reported 79 percent of homeowners believe now is a good time to sell a home. Two-thirds of homeowners are interested in actually selling their home "in the near future," up 8 percentage points from last quarter.

But many aren't selling, said ValueInsured CEO Joe Melendez. "Homeowners in many cases are eager to sell but don't want to become buyers," he said. "These homeowners have experienced a lot of home value volatility and see more uncertainties looming--tax reform, for example. By hesitating, these homeowners are actually controlling the market on both sides. Reassuring these individuals is the key to unlocking inventory."

A Banner Year for Down Payment Protection - Thank You!

A Banner Year for Down Payment Protection - Thank You!

As you and your families gather to celebrate Thanksgiving, we would like to express our thanks to our partners and friends that have helped us deliver down payment protection to homebuyers across the United States.  As we look back on 2017 and ahead to 2018, we are left with great optimism that we can sincerely help today's homebuyers - and the industry as a whole - by reducing the risk of home buying and motivating buyers to get into the homes they want.  We have some great new data to share with you next week from our recent ValueInsured Modern Homebuyer Survey.  Until then, Happy Thanksgiving!

Inman: Potential sellers staying put to avoid homebuyer hell

Inman: Potential sellers staying put to avoid homebuyer hell

Most real estate experts would agree that it’s a seller’s market — inventory is low and buyer demand is high, meaning that homeowners can garner higher sales prices than ever before.

So, why aren’t homeowners selling their homes? They don’t want to navigate the current housing market as buyers.