In the Market: Home hunting in the winter

Nneka Madus
Posted by Nneka Madus
Mortgage Market Analyst

This weekly feature is a real estate information roundup from a millennial’s point of view. When a young professional moves from Indianapolis (median home price $125K) to San Francisco (median price $1 million), you can expect an adventure. Nneka Madus, an analyst in Bank of the West’s Mortgage Division, did just that and has plenty to share in her quest to own a home in San Francisco.

Nicely staged sitting room of open house, with glass doors looking onto a snowy yard.Spring is generally the busiest time for buying or selling a home, but it doesn’t necessarily mean you have to wait until then. In this Kansas City Star article, Kathy Minden, the president of the Kansas City Regional Association of Realtors, gives you some steps that may help make the home-buying process more efficient and enjoyable during the fall and winter.

Many of us may be in the same boat — we’re currently renting and want to buy, but we may not be in the market for a home for a while. I have found one of the biggest hurdles is trying to save enough for a down payment. It can be hard to put away money for a down payment while renting — especially if you live in a major metropolitan city. In this Huffington Post blog, Charisse Amanda (Conanan) Johnson, principal with The Charisse Amanda Group, outlines some tips for apartment hunters to use to help save you some money on rent.

With winter coming, many homeowners are cleaning out their gutters and changing filters in preparation for winter. Many new homeowners may miss out on potentially prepping their wallet for spring savings — on taxes. I’m certainly no tax advisor, (so remember if you need tax advice, contact a tax professional) and everyone’s tax circumstances are unique, obviously. But this article does offer some useful tips to consider: Anya Martin explains in the Wall Street Journal some deductions homeowners may be able to use to possibly reduce their tax bills.

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