There are many people thinking about buying a home, but with everything affecting the economy, some are wondering if it’s a smart decision to buy now or if it makes more sense to wait it out. As Bob Broeksmit, President and CEO of the Mortgage Bankers Association (MBA), explains: “The desire for homeownership is strong. Many prospective buyers are waiting for the Continue Reading
There’s no doubt buying a home today is different than it was over the past couple of years, and the shift in the market has led to advantages for buyers today. Right now, there are specific reasons that make this housing market attractive for those who’ve thought about buying but have sidelined their search due to rising mortgage rates. Buying a home in any market Continue Reading
If you’re thinking about buying or selling a home this year, you may have questions about what’s happening with home prices today as the market cools. In the simplest sense, nationally, experts don’t expect prices to come crashing down, but the level of home price moderation will depend on factors like supply and demand in each local market. That Continue Reading
Manhattan Market Report for the week ending December 2nd, Supply closed out at 7,022. Pending Sales at 2,511 and off-market listings maintain the market pulse at a .36% level. Market Pulse The market pulse measures the ratio of supply and demand seems to continue to evidence the beginning of the buy-side leverage peaking. UrbanDigs reports "a bottom formation tends to occur when a Continue Reading
There’s no denying mortgage rates are higher now than they were last year. And if you’re thinking about buying a home, this may be top of mind for you. That’s because those higher rates impact how much it costs to borrow money for your home loan. As you set out to make a home purchase this winter, you’ll need to be strategic so you can find a home that meets your needs and Continue Reading
Key Takeaway As you get ready to sell your house, focus on tasks that make it inviting, show it’s cared for, and boost your curb appeal. This Home Selling list will help you get started, but don’t forget, a real estate professional will provide other helpful tips based on your specific situation. Let’s connect so you have advice on what you may want to do to get your Continue Reading
If you’re a young adult, you may be thinking about your goals and priorities for the months and years ahead. And if homeownership ranks high on your goal sheet, you’re in good company. Many of your peers are also pursuing their dream of owning a home. The 2022 Millennial & Gen Z Borrower Sentiment Report from Maxwell says: “Many young adults have Continue Reading
If you’re considering buying a home, you’re likely trying to juggle your needs, inventory, current mortgage rates, home prices, your schedule, and more to decide if you want to jump into the market. If this sounds like you, here’s one key factor that could help you with your decision: more homes are for sale today than last year. According to Calculated Risk, for the week Continue Reading
Homeowners if you’re thinking about selling your house, you’re likely hearing about the cooling housing market and wondering what that means for you. While it's not the peak intensity we saw during the pandemic, we’re still in a sellers’ market. That means you haven’t missed your window. Realtor.com explains: “. . . while prospective home sellers may lament that they Continue Reading
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