If you’re thinking about making a move, you probably want to know what’s going to happen to home prices for the rest of the year. While experts say price growth will moderate due to the shifting market, ongoing appreciation is expected. That means home prices won’t fall. Here’s a look at two key reasons experts forecast continued price growth: supply and Continue Reading
While the Federal Reserve is working hard to bring down inflation, the latest data shows the inflation rate is still rising. You no doubt are feeling the pinch on your wallet at the gas pump or the grocery store, but that news may also leave you wondering: should I still buy a home right now? Greg McBride, Chief Financial Analyst Continue Reading
If you’re planning to buy a home this year, you might have heard that pre-approval is a necessary step to take before starting out on your journey. But why is that? And is it still important in today’s shifting market? The truth is, getting a pre-approval letter from your lender is critical, and when it comes to your home search, it can be a game changer in so many Continue Reading
Over the past few weeks, the average 30-year fixed mortgage rate from Freddie Mac fell by half a percent. The mortgage rate drop happened over concerns about a potential recession. And since mortgage rates have risen dramatically this year, homebuyers across the country should see this decline as welcome news. Freddie Mac reports that the average 30-year Continue Reading
A recession does not equal a housing crisis. That’s the one thing that every homeowner today needs to know. Everywhere you look, experts are warning we could be heading toward a recession. If true, an economic slowdown does not mean homes will lose value. The National Bureau of Economic Research (NBER) defines a recession this way: “A recession is a Continue Reading
If you’re planning to buy a home, it’s critical to understand the relationship between mortgage rates and your purchasing power. Purchasing power is the amount of home you can afford to buy that’s within your financial reach. Today’s Mortgage Rates Impact Your Home Purchase. Mortgage rates directly impact the monthly payment you’ll have on the home you purchase. So, when rates Continue Reading
After Closing; Who to Notify of a Change of Address? Exciting news you closed on your new home. A set of keys are in your possession. Now what? As a new homeowner exciting memories await you. With that in mind, the move-in process begins with a myriad of activities demanding your attention. Besides changing the lock(s) on your doors. Often overlooked are a few Continue Reading
Curb Appeal sells. Our first visual impression about a home is formed within 30 seconds and it’s the exterior photo or a drive by that makes the judgement. That is why homeowners should have a Master Plan to enhance the desirability of the exterior of the home. Home Buyer’s consistently rank outdoor spaces and privacy as one of the top features they are looking for. So, creatively expanding the Continue Reading
Home inspection time is usually when home buying process "gets real" for buyers. Generally, they’ve taken the time — months, sometimes years — to find “the perfect home”. Now, the inspector is going to come in and expose all the underlying warts of the home. However, as their trusted agent you have their back and will guide them through the process. Hiring a licensed Continue Reading
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