The real estate market is one of our lifetime's most foundationally strong housing markets – if not the most robust. When you look at the numbers today, the one thing that stands out is the strength of this housing market. Here are two fundamentals that prove this point. 1. The Current Mortgage Rate on Existing Mortgages First, let’s look at the current rate on existing mortgages. Continue Reading
Today’s mortgage rates are top-of-mind for many homebuyers right now. As a result, if you’re thinking about buying for the first time or selling your current house to move into a home that better fits your needs, you may be asking yourself these two questions: Why Are Mortgage Rates So High? When Will Rates Go Back Down? Here’s the context you need to help answer those Continue Reading
With all the headlines circulating about home prices and rising mortgage rates, you may wonder if it still makes sense to invest in homeownership right now. A recent poll from Gallup shows the answer is yes. Real estate was voted the best long-term investment for the 11th consecutive year, consistently beating other investment types like gold, stocks, and bonds (see graph below): Let this Continue Reading
Home Prices, due to low inventory and demand, held their own. During the fourth quarter of last year, many housing experts predicted home prices would crash this year. Here are a few of those forecasts: Jeremy Siegel, Russell E. Palmer Professor Emeritus of Finance at the Wharton School of Business: “I expect housing prices fall 10% to 15%, and the housing prices are accelerating on Continue Reading
Key Takeaway Owning a Home provides a sense of accomplishment, a sanctuary for family and friends to build memories, financial stability, and an investment vehicle to grow your assets and net worth. June is National Homeownership Month, and it’s a perfect time to consider all the benefits of owning your home. Homeownership makes you feel proud and accomplished, but it’s also a big step Continue Reading
Buying and owning your home can make a big difference in your life by bringing you joy and a sense of belonging. And with June being National Homeownership Month, it’s the perfect time to think about all the benefits homeownership provides. Of course, there are financial reasons to buy a house, but it’s important to consider the non-financial benefits that make a home more than just where Continue Reading
Buying your first home is an exciting decision and a major milestone that has the power to change your life for the better. As a first-time homebuyer, it’s a vision you can bring to life, but, as the National Association of Realtors (NAR) shares, you’ll have to overcome some factors that have made it more challenging in recent years: “Since 2011, the share of first-time home buyers has been under Continue Reading
Comparing real estate metrics from one year to another can be challenging in a normal housing market. That’s due to possible variability in the market, making the comparison less meaningful or accurate. Unpredictable events can significantly impact the circumstances and outcomes being compared. Comparing this year’s numbers to the two ‘unicorn’ years we just experienced is Continue Reading
On Memorial Day, We remember and honor those who gave all. On this Memorial Day, we remember and honor the heroes who selflessly gave their lives for our freedom. 🇺🇸 Let us never forget their sacrifice. Other educational articles about the market and your home search are under Karen’s Blog. Additionally, explore the search bar for other topics of interest. Continue Reading
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