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Category: Real Estate

Learn more about Memphis real estate.

Homeownership Rate in the U.S. Continues to Rise

August 22, 2022

The desire to own a home is still strong today. In fact, according to the Census, the U.S. homeownership rate is on the rise. To illustrate the increase, the graph below shows the homeownership rate over the last year: That data shows more than half of the U.S. population live in a home they own, and the percentage is growing with time.If you’re thinking about buying a home this year, here are just a few reasons why so many people see the value of homeownership. Why Are More People Becoming Homeowners? There are several benefits to owning your home. A significant one, especially when inflation is high like it is today, is that homeownership can help protect you from rising costs. Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), explains: “In the 1970s, when inflation was running around 10%, home prices were rising at approximately the same rate. Renters actually have a harder time in inflationary periods, because rents tend to rise along with inflation, whereas mortgage payments stay the same for homeowners with fixed-rate mortgages.” When you buy a home with a fixed-rate mortgage, you can lock in what’s likely your biggest monthly expense – your housing payment – for the duration of that loan, often 15-30 years.That

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Real Estate Housing Market Predictions for the Second Half of 2022

August 1, 2022

Due to reduced housing inventory, individuals seeking to buy a home often compete with numerous other potential buyers. However, rising inflation and interest rates have put a damper on the excitement, and people all over the country are wondering what to expect of the real estate housing market for the remainder of the year. Read this article to learn our top five predictions about home prices, interest rates and rumors the housing market might crash.

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Three Mistakes Today’s First-Time Homebuyers are Making

July 10, 2022

Rising interest rates and low housing inventory are making it particularly challenging to be a first-time homebuyer. The buyer market is highly competitive, and home are selling for top dollar. This environment puts a lot of pressure on new buyers, and we are seeing rookie mistakes being made. Here are the three big mistakes today’s first-time homebuyers are making: They are trying to “wait out the market”, they are not getting pre-approved by a reputable lender, and they are hiring the wrong real estate agent. Let’s fix these mistakes and help create better opportunities for new buyers. Mistake #1 – Waiting Out the Market No one wants to purchase a home at the top of the real estate market. For the past few years, potential buyers have been waiting on the sidelines hoping for the market to change. To their dismay, home prices have reached record-highs and interest rates are climbing. What a first-time homebuyer may not realize is that there is often a large cost associated with waiting to buy. While many millennials have taken to social media to complain about home prices and hope for a future market crash, they are leaving money on the table right now.

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How to Sell a Home When Living With Children

May 30, 2022

Selling your home is one of the biggest undertakings you’re likely to go through in your life, and between dealing with realtors, the market, potential buyers – and everything in between – it’s likely to come with a certain amount of stress. Selling your home while your children are still living with you can compound that stress, adding another level of anxiety around the whole process. Luckily, we’ve come up with the absolute best way to sell your home when living with children. Declutter As Much as Possible The first step we recommend is to organize (or simply get rid of) all the clutter your children have left around the home over the weeks/months/years. When living with kids, often their toys and games stray from their designated bedrooms and end up having a permanent residence in common areas like living rooms and family rooms. Now’s the perfect time to organize and put those toys back. This tip especially holds true for newly renovated areas of your home that you’d like to highlight to potential buyers – if you’ve just remodeled your kitchen and upgraded to the latest and greatest appliances and countertops, then your child’s plastic play kitchen kitchen sets

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How to Prepare for the Spring Season

May 26, 2022

The average median home prices increase across the nation, available inventory continues to fall short of demand, and inflation hits another peak. What makes the Spring Housing Market this year a good time to buy? While 2022 will offer its challenges for buyers and sellers, housing professionals are hoping for more normalcy but also expect a lot of the same. If you are considering buying a home in 2022, here are a few ways to help you prepare for the market. Even with the uncertainty, preparation and expertise will be key for your homebuying success. BUY NOW OR WAIT? Homebuyers wonder if Spring 2022 is the time to buy. Many are on the fence, hoping that home prices or mortgage rates will drop. Experts say that home prices will continue to rise but will be at a slower pace than 2021. Due to the strong buying demand and lack of inventory, sales and prices will appreciate throughout the year. Mortgage rates average at 4.5 percent to 5 percent and are predicted to rise. Home prices are said to rise 9 to 11 percent on average this year. Waiting to buy a house will only cost you more the longer you

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This information is deemed reliable but not guaranteed. Please contact Meridian Premier Homes to learn more about what properties are for sale and for current real estate information. Equal Housing Opportunity: Equal Opportunity Employer. It is illegal to discriminate against any person because of race, color, religion, sex, handicap, familial status, or national origin.We are committed to making this website compliant with the Americans with Disabilities Act. We wish all of our visitors to be able to easily access our services. Accessibility and usability are not always possible in every area of the website or for those visitors using assistive technologies and devices. If, at any time, you have specific questions or concerns about the accessibility of any particular page, please contact us. Meridian Premier Homes. Privacy Policy.

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*Your name, phone number, and email address are required so that we may contact you to schedule an appointment.
By submitting this form with your telephone number you are consenting for Meridian Premier Homes and authorized representatives to contact you even if your name is on the Federal "Do-not-call List."
This field is for validation purposes and should be left unchanged.