There Could Be a Recession Ahead, and Owning a Home Could Be Your Lifeline

Signs of a potential recession are starting to appear again: Huge swings in the stock market, output gaps, a slowing global economy, trade war tensions, and yield curve inversions.  However, "it a recession is to occur, is unlikely to be caused by housing-related activity, and therefore the housing sector should be one of the leading sources to come out of the recesiion," said Chief Economist of First American Financial Corporation, Mark Fleming, in an interview with U.S. News.

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Despite the opinions of die-hard homeowners, purchasing a home isn't always the best choice.  We know this statement sounds precarious coming from a real estate brokerage, but we truly believe that the decision to buy or rent should be based completely on an individual's circumstances.

Furthermore, in the words of Bob Dylan, "Times they are a changin'," and with those changes come an adjusted lifestyle for the modern young adult.  So, in defense of Millennials, we've underscored a few reasons why your decision to put off owning a home makes sense.

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Debt: the financial situation that four in five Americans currently find themselves in. Whether their debt comes from credit cards and mortgages or student loans and medical bills, Uncle Sam’s residents are seriously in the red. However, not everyone with debt is in a financially precarious situation. In fact, many of the most experienced investors know how to use debt to their advantage.

If you’re looking for a way to invest without emptying your savings account, you’re reading the right blog. In this piece, we’ll break down how you can leverage real estate debt, or simply “use leverage” to realize significant returns.

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Whether you’re looking to move to Erie, PA, or already living here and searching for a new home in the area, we’ve put together a helpful guide to highlight the hottest places to settle down. Not only do we dig into where to buy a home, but we also explore the assets of that particular area. So, if you’re looking to get the most bang for your buck, use this piece as your guidepost.

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It's summer time, and do you know what that means?  Another 10 million graduates have walked across the stage to get their college diplomas and have joined the other 45 million Americans contending with their tens of thousands of dollars of student debt.

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Homebuyers and sellers are often surprised when they find out about all of the services we provide.  Because of our reputation for building premium new construction homes, people often forget that we have an entire suite of additional offerings.  With the busiest real-estate season right around the corner, we thought we'd use this month's blog to walk our past, current, and potential customers through our services.

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Whether you’re considering moving to Erie, PA, or you’re looking for a reason to stay (beyond the breathtaking sunsets, miles of lakeshore beaches, and deep-rooted history), substantial evidence supports the case for why buying a home here could be an excellent financial move. However, what makes it an even smarter investment—especially when Erie, admittedly, has been the source of recent criticism—is the affordability of real estate in the Gem City, the benefits of equity, and a surprisingly healthy market.

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If you're thinking of hiring a remodeler to help make your existing home just right for you, read our infographic with tips to help you avoid a costly mistake.

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Perhaps you think you'll get a better deal by going the For Sale by Owner (FSBO) route?  Think again! Buying or selling a home without a realtor could cost you more in the long run. Read our infographic to find out why.

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We've compiled the best blogs written from Erie, Pennsylvania!  Whether you're interested in real estate, home building & remodeling, food, kids, fitness, economic development, or so much more, this is a MUST READ!

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