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
Buying a home is a powerful decision and remains at the heart of the American Dream. Unlike renting, owning a home means more than just having a place to live – it offers a sense of belonging, stability, and freedom. According to Nicole Bachaud, Senior Economist at Zillow: “The American Dream is still owning a home. There’s a lot of pent-up demand for ownership; that isn’t going to go Continue Reading
Some Highlights If you’re worried about what’s next for home prices, know the HPES shows experts are projecting they’ll continue to rise at least through 2028. Based on that forecast, if you bought a $400,000 house this year, experts say it could gain over $72,000 in equity over the next five years. If you're worried about falling home prices, don't be. Many Continue Reading
New York City offers a wealth of activities for those who relish winter weather, starting with the Coney Island Polar Bear Club New Year’s Day Plunge. The season’s a great opportunity to ice-skate at Rockefeller Center, try curling at the Winter Village at Bryant Park, and take advantage of the lack of crowds at the Bronx Zoo. Prefer to stay toasty indoors? Not Continue Reading
If you're trying to decide whether to rent or buy a home this year, here's a powerful insight that could give you the clarity and confidence you need to make your decisions. The latest report shows the average homeowner’s net worth is almost forty times (40X) greater than a renter’s (see graph below). Every three years, the Federal Reserve releases the Survey of Consumer Finances Continue Reading
If you’re getting ready to buy a home, jumping a few steps ahead and thinking about moving in and making it your own is exciting. But before you get too far down the emotional path, there are some key things to remember after you apply for your mortgage and close. Here’s a list of things to remember when applying for a home loan. Don’t Deposit Large Sums of Cash Lenders need to source Continue Reading
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