Some Highlights Home affordability depends on mortgage rates, home prices, and wages. Mortgage rates are down from their recent peak, home prices are expected to rise slower, and wages are increasing faster than usual. That’s good news if you want to buy a home because affordability is improving. Other educational articles about the Continue Reading
Has sharing a home with loved ones like your grandparents, parents, or other relatives crossed your mind? If so, you’re not alone. More buyers are choosing to go this route and buy a multi-generational home. Here’s a look at some of the top reasons to see if a home like this may be right for you, too. Why Buyers Are Opting for Multi-Generational Living According to the National Continue Reading
If you’re looking to buy a home, the recent downward trend in mortgage rates is good news because it helps with affordability. But there’s another way this benefits you – it may inspire more homeowners to put their houses up for sale. The Mortgage Rate Lock-In Effect Over the past year, one factor limiting your move options is how few homes were on the market. Many homeowners Continue Reading
Even though home prices are rising nationally, some people still worry they might come down. A recent survey from Fannie Mae found that 24% of people think home prices will decline over the next 12 months. That means almost one out of every four people are dealing with that fear, and you might be, too. To help ease that concern, here's what experts forecast will happen with prices Continue Reading
If one of the goals on your list is selling your home and making a move this year, you’re likely juggling a mix of excitement about what’s ahead and feeling a little sentimental about your current home. A great way to balance those emotions and ensure you’re confident in your decision is to keep these three best practices in mind when you’re ready to sell. 1. Price Your Home Continue Reading
Some Highlights Buying a home is a big deal and can feel complicated if you don't know the terms used. If you want to become a homeowner this year, learning these key housing terms and understanding how they relate to the current housing market is a good idea. That will help you feel confident when you buy a home. Let’s connect so you can Continue Reading
Over the past year, a lot of people have been talking about housing affordability and how tight it’s gotten. But just recently, there’s been a little bit of relief on that front. Mortgage rates have gone down since their most recent peak in October. But there’s more to being able to afford a home than just mortgage rates. To really understand home affordability, you need to Continue Reading
If you’ve been holding off on selling your house to make a move because you felt mortgage rates were too high, their recent downward trend is exciting news for you. Mortgage rates have descended since last October, when they hit 7.79%. They’ve been below 7% for over a month now (see graph below): And while they’re not going back to the 3% we saw during the ‘unicorn’ years, Continue Reading
Are you putting off your plans to sell because you’re worried you won’t be able to find a home you like when you move out of the City? If so, it may be time to consider a newly built home and the benefits that come with one. Here’s why. Near-Record Percentage of New Home Inventory Newly built homes are becoming increasingly significant in today’s housing inventory. According to the most Continue Reading
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