After steadily falling over the winter, mortgage rates have started to rise in recent weeks. This is concerning to some potential homebuyers as the combination of higher mortgage rates and higher prices have made homes less affordable. So, if you’re planning to purchase a home this year, you too may be wondering if now’s the right time to buy or if you should hold Continue Reading
Since the pandemic, there has been a broadening gap in price and time on the market between units that need work and units that are move-in ready. While there have always been buyers who want to buy a "wreck" and get excited about a project. Consequently, we know that renovations have now increased in cost, hurdles, and delays. In this Interview Series, we sit down with experts throughout the real 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
When shopping for a home it's important to understand the Real Estate jargon and its meanings. Caroline Briggs's article explains "11 Confusing Real Estate Terms," along with my esteemed colleagues Jeanne Byers, Gill Chowdhury, and Cara Ameer clarifies some of the confusing terms. Real Estate terms befuddle many buyers and sellers. "The real estate process is complex with many Continue Reading
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