If you're planning to buy a home, one thing to consider is what experts project home prices will do in the future and how that might affect your investment. While you may have seen negative news over the past year about home prices, they’re doing far better than expected and are rising across the country. And data shows experts forecast home prices will keep Continue Reading
Retiring is a significant milestone in life, bringing many changes and new opportunities. As the door to this exciting chapter opens, you may consider selling your house and finding a home better suited for your evolving needs. Fortunately, you may be better positioned to make a move than you realize. Here are a few reasons why. Consider How Long You’ve Been in Your Home From 1985 Continue Reading
Some Key Takeaways Last year, some housing experts projected a decline in home prices by the end of 2023. But that didn’t happen – inventory was just too low. While it’s normal for experts to re-forecast throughout the year, the good news for 2023 is that prices are no longer projected to decrease. Continue Reading
Have you been trying to buy a home, but higher mortgage rates and home prices limit your options? If so, here’s some good news – based on what Ali Wolf, Chief Economist at Zonda, has to say – smaller, more affordable homes are on the way: “Buyers should expect that over the next 12 to 24 months there will be a notable increase in the number of entry-level Continue Reading
Mortgage Rates Impact Affordability If you plan to buy a home this year, you’re probably paying close attention to mortgage rates. Since mortgage rates impact what you can afford when you take out a home loan – and affordability is a challenge today – it’s a good time to look at the big picture of where mortgage rates have been historically compared to where they are now. Beyond Continue Reading
Toward the end of last year, there were several headlines saying home prices would fall substantially in 2023. That led to a lot of fear and questions about whether there would be a repeat of the housing crash that happened back in 2008. But the headlines got it wrong. While there was a slight home price correction after the sky-high price appreciation during the ‘unicorn’ years, home Continue Reading
Key Takeaways Your equity grows as you pay down your home loan and prices increase. With home prices rising again, your equity is getting an extra boost. Almost half of homeowners are equity-rich because they have at least 50% equity. If you’ve been in your home for a while, you might have also gained a considerable amount of equity. Want to find out how Continue Reading
Have you ever wondered how inflation impacts the housing market? Believe it or not, they’re connected. Whenever there are changes to one, both are affected. Here’s a high-level overview of the connection between the two. The Relationship Between Housing Inflation and Overall Inflation Shelter inflation is the measure of price growth specific to housing. It comes from a survey Continue Reading
Are you putting off selling your home because you’re worried no one’s buying because of where mortgage rates are? If so, know this: the latest data shows plenty of buyers are still out there and purchasing homes today. Here’s the data to prove it. The ShowingTime Showing Index is a measure of buyers touring homes. The graph below uses the latest numbers available and Continue Reading
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