Words of Wisdom from Equifax Before Leaping into Current Housing Market

June 20, 2013

Equifax tips on real estate

On Wednesday, June 19, Equifax hosted a special webinar titled “

Is Now the Time to Buy a Home?” Real estate experts Steve Cook, former vice president of public affairs for the National Association of Realtors and Equifax Chief Economist Amy Crews Cutts discussed the question many have been facing for years: is now the time to buy?

One of the main take-aways from the discussion was for buyers to take their time. This advice isn’t new and it is certainly intuitive, but surprisingly often, shoppers get caught up in the process and rush into a buying decision, which is a major no-no, according to real estate and financial experts. The advice from Cook and Cutts in the Webinar was no different. They recommend buyers considering entering the market now watch the market for a few months, research home values and prices and heat up their search closer to fall – when buyers can get even better savings on a home purchase, as sellers will be more eager to sell their homes before the holidays. Additionally, more homes will hit the market over summer, increasing supply and bringing down home prices.  This time should be used to evaluate what is important to buyers – what location, features and amenities are most important. Waiting will also provide buyers with extra time to build up their credit and savings to put them in the best financial position for mortgage applications.

If you want to listen to the full webinar, it is available on the Equifax Finance blog, as are other great money management tips on

preventing identity theft, planning for retirement and much more.

About The Author

Read All Stories By Mitch Levinson

Mitch Levinson is the author of “Internet Marketing: The Key to Increased New Home Sales” published by BuilderBooks. He is an Internet marketing expert with expertise in search engine optimization, website development, email marketing, social media and CRM consulting services. He is known for creating effective programs that can be tracked through analytics to prove effectiveness and ROI. Mitch is founder and president of MLC New Home Marketing and MLC FlatFee Realty, as well as managing partner of mRELEVANCE, LLC, a Marketing, Communication, Interactive agency with offices in Chicago and Atlanta. He currently leads the Chicago team. A Multi-Million Dollar Sales Producer who earned an MBA in Computer Information Systems and eCommerce, he brings a unique perspective and experience to the field of real estate communications. Mitch combines the two interests in order to help home builders and developers gain a competitive advantage through the Internet and technology. When he isn’t behind a computer, he enjoys participating in sports and coaching his kids’ teams. Mitch resides in Arlington Heights, Ill., a northwest suburb of Chicago, with his family, which includes two rambunctious labs. Visit my Google+ profile.

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