If you’re thinking of buying a home and living with siblings, parents, or grandparents, then multigenerational living may be for you. The Pew Research Center defines a multigenerational household as a home with two or more adult generations. And the number of individuals choosing multigenerational living has increased over the past 50 years. As you consider this option Continue Reading
There’s no denying the housing market is undergoing a shift this season, and that may leave you with some questions about whether it still makes sense to sell your house. Here are three of the top questions you may be asking – and the data that helps answer them – so you can make a confident decision. 1. Should I Wait To Sell? Even though the supply of homes for sale has Continue Reading
If you put a pause on your home search because you weren’t sure where you’d go once you sold your house, it might be a good time to get back into the market. If you’re willing to work with a trusted agent to consider a newly built home. Then, you may have even more options and incentives than you realize. That may be why the National Association of Home Continue Reading
Experts agree there’s no chance of a large-scale foreclosure crisis like we saw back in 2008, and that’s good news for the housing market. As Mark Fleming, Chief Economist at First American, says: “. . . don’t expect a housing bust like the mid-2000s, as lending standards in this housing cycle have been much tighter and homeowners have historically high levels of home equity, Continue Reading
The Manhattan Market Report for the week ending November 4th shows a slowing market that matches the 2020 and 2019 vintage 4th quarters. Supply closed out at 7,569 and Pending Sales at 2,602, maintaining the market pulse in buyer leverage territory at .34% As we began the month of November, Stocks tumbled as trading commenced. Traders also assessed better-than-expected economic Continue Reading
Now that the end of 2022 is within sight, you may be wondering what’s going to happen in the housing market next year and what that may mean if you’re thinking about buying a home. Here’s a look at the latest expert insights on both mortgage rates and home prices so you can make your best move possible. Mortgage Rates Will Continue To Respond to Inflation There’s no Continue Reading
Buying a home is a powerful decision, and it remains a key part of the American Dream. The 2022 Consumer Insights Report from Mynd found that most people polled still view homeownership as a key life achievement. Let’s explore just a few of the reasons why so many Americans continue to value homeownership. The Financial Benefits of Owning a Home Homeownership is viewed so Continue Reading
Every time there’s a news segment about the housing market, we hear about the affordability challenges buyers are facing today. Those headlines are focused on how much mortgage rates have climbed this year. And while its true rates have risen dramatically, it’s important to remember they aren’t the only factor in the affordability equation. Here are three measures used to Continue Reading
Key Takeaways If you’re questioning whether or not to buy a home this year due to today’s cooling market, consider the long-term financial benefits of homeownership. As a homeowner, equity increases your wealth. On average, nationwide, home prices appreciated by 290.2% since 1991. Depending on where you looked, the city’s sale prices during the Continue Reading
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