Home Buyer Class

June 25th at 4pm-9pm

July 16th 4pm - 9pm

Email - [email protected]

to reserve your seat!

image (d1af1c5c-fb81-48b5-8b73-0aec9bd52fbd)

Providing Real Estate Services & Education

Are you thinking of purchasing a home, but are unclear of the process? At Entry Real Estate, we believe knowledge is empowering. We believe in educating our clients all about the real estate transaction before even showing them any homes. The real estate market and real estate transactions can be confusing and frustrating without the education needed to successfully navigate the transaction. 

The market has shifted because of rising interest rates. Prices are a bit softer than they were just months ago and more houses available to choose from. Sellers are also more willing to consider paying closing costs for buyers. To offset the higher interest rates, there are temporary interest rate buy down programs available as well as zero down payment programs. With the right program, you can buy a home for as little as $1000. 

A consultation with our Lender Partner, Kevin Day with Guild Mortgage, will determine your qualifications. 


Real Estate and Interest Rates

Real Estate prices and mortgage interest rates along with property taxes and homeowners insurance are the factors that determine your monthly mortgage payment amount. I remember my Dad telling me the story of his first house that he bought for 12k with a 1.9% interest rate back in 1962. Those numbers seem like a world away! Subsequent to that, in the 1970's to the early 80's, interest rates climbed to a dismaying 19%. By the mid 80's, when I bought my first house for 42k, rates had dropped to 8%. After the great recession of 2008, our rates dropped down to historic lows again from 2010 to early 2022, when rates were anywhere from 2.5% to 4.5%. Unfortunately, it seems those rates are gone and may never come back. From the opinions of many economists, it seems rates will be somewhere between 5-7% from now on. The higher rates mean higher monthly payments. Existing homeowners are resistant to selling their homes for less money obviously but values are and will dip lower to meet market demand. This is a time of adjustment for buyers and sellers alike. A few things to keep in mind for buyers: Everyone needs shelter, so renting or buying is the only option unless you prefer being unhoused which sounds extremely unpleasant. Rents are always subject to increase every year but buying a home gives the security of a consistent payment. Equity in a home can come from appreciation and monthly payments. Restrictions from rental regulations can be irritating and constrictive vs owning a home. Wealth building starts with home ownership as well. So don't give up on the idea of ownership. You can achieve it! We can help, contact us today! 

Relevant Real Estate Articles

What Experts Project for Home Prices Over the Next 5 Years

Tuesday September 12th, 2023 


If you're planning to buy a home, one thing to consider is what experts project home prices will do in the future and how that might affect your investment. While you may have seen negative news over the past year about home prices, they’re doing far better than expected and are rising across the country. And data shows, experts forecast home prices will keep appreciating.

Experts Project Ongoing Appreciation

Pulsenomics polled over 100 economists, investment strategists, and housing market analysts in the latest quarterly Home Price Expectation Survey (HPES). The results show what the panelists project will happen with home prices over the next five years. Here are those expert forecasts saying home prices will go up every year through 2027 (see graph below):If you’re someone who was worried home prices would fall because of stories you’ve read online, here's the big takeaway. Even though home prices vary by local market, experts project prices will continue to rise across the country for years to come. And these numbers indicate the return to more normal home price appreciation.

And while the projected increase in 2024 isn’t as large as 2023, it’s important to recognize home price appreciation is cumulative. In other words, if these experts are correct, after your home’s value rises by 3.32% this year, it’ll appreciate by another 2.17% next year. This is a good example of why owning a home is a choice that wins big over time.

What Does This Mean for You?

Once you buy a home, price appreciation raises your home’s value, and that grows your household wealth. To see how a typical home's value could change in the next few years using the expert projections from the HPES, check out the graph below:In this example, let’s say you bought a $400,000 home at the beginning of this year. If you factor in the forecast from the HPES, you could potentially accumulate more than $71,000 in household wealth over the next five years.

So, if you're thinking about whether buying a home is a good choice, remember how it can be a powerful way to grow your wealth in the long run. 


Bottom Line


According to the experts, home prices are expected to grow over the next five years at a more normal pace. If you’re ready to become a homeowner, know that buying today can set you up for long-term success as home values (and your own net worth) grow. Let’s connect to start the homebuying process today.