The rising cost of almost everything from groceries to gas right now leads to speculation that more people won’t be able to afford their mortgage payments. And that’s creating concern that many foreclosures are on the horizon. While it’s true that foreclosure filings have gone up a bit compared to last year, experts say a flood of foreclosures isn’t coming. Take it from Bill McBride Continue Reading
If you’re a homeowner, you might be torn on whether or not to sell your house right now. Maybe that’s because you don’t want to take on a higher mortgage rate on your next home. If that’s your biggest hurdle, understanding your equity may be exactly what you need to help you feel more comfortable making your move. What Equity Is and How It Works Equity is the current Continue Reading
Plenty of people are still moving these days. And suppose you’re thinking of making a move yourself. In that case, you may be considering the inventory and affordability challenges in the housing market and wondering what you can do to help offset those. A new report from Gravy Analytics provides insight into where people are searching for homes Continue Reading
The housing market is confusing. Some homeowners have been waiting for months to put their home on the market because they don’t think people are buying homes right now. If that’s you, know that even though the housing market has slowed compared to the frenzy of a couple of years ago, it isn’t at a standstill. Contrary to your belief, buyers are still active, and plenty Continue Reading
Buying a new construction home can be an exciting experience. From being the very first owner, to customizing your home’s features, there are a lot of benefits. But navigating the complexities of buying a home under construction can also be a bit overwhelming. This is where a skilled real estate agent can make all the difference. An article from The Mortgage Reports sums it Continue Reading
Inventory, you might have heard, is low right now. However, you may not fully realize how common or why that’s a perk when you sell your house. Are you wondering if selling your house right now makes sense? The short answer is yes, especially considering how few homes are for sale today. This graph from Calculated Risk can help put that into Continue Reading
If you’re a homeowner, odds are your equity has grown significantly over the last few years. Equity builds over time as home values grow and you pay down your home loan. And, since home prices skyrocketed during the ‘unicorn’ years, you’ve likely gained more than you think. According to the latest Equity Insights Report from CoreLogic, the average Continue Reading
Some Highlights Want to know what experts say will happen in the rest of 2023? Home prices are already appreciating again in many areas. The average of the expert forecasts shows positive price growth. Where mortgage rates go for the rest of the year will depend on inflation. Based on historical trends, rates will likely ease Continue Reading
Fed's Target The Fed is trying hard to reduce inflation. When you read about the housing market in the news, you might see something about a recent decision made by the Federal Reserve (the Fed). But how does this decision affect your plans to buy a home? Here's what you need to know. And even though there have been 12 straight months where inflation has cooled (see graph Continue Reading
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