Today’s higher mortgage rates, inflationary pressures, and concerns about a potential recession have people questioning: should I still buy a home this year? While it’s true this year has unique challenges for homebuyers, it’s important to consider the long-term benefits of homeownership when deciding. Consider this: if you know people who bought a home 5, 10, or even 30 years ago, you’ll Continue Reading
Some Highlights Are you wondering if it makes sense to buy a home today, even when inflation is high? When other costs increase due to inflation, buying a home helps you keep your monthly housing expense steady. Rents typically increase with inflation. Maybe that’s why, according to a recent survey, 65.1% of landlords say they plan to raise the rent of at least one of their properties 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
Over the past year, home prices have been a widely debated topic. Some have said we’ll see a massive drop in prices and that this could be a repeat of 2008 – which hasn’t happened. Others have forecasted a real estate market that could see slight appreciation or depreciation depending on the area of the country. Home Prices As we get closer to the spring real estate market, experts Continue Reading
Key Takeaways Buying a Home May Make More Sense. If you’re trying to decide whether to rent or buy a home, there are a few things you should consider. Homeownership can help you escape the rising rent cycle, build wealth, and hedge against inflation. If you’re ready to take advantage of the benefits of homeownership, Continue Reading
The biggest challenge the housing market faces is how few homes there are for sale. Mark Fleming, Chief Economist at First American, explains the root causes of today’s low supply: “Two dynamics are keeping existing-home inventory historically low – rate-locked existing homeownersandthe fear of not finding something to buy.” Let’s break down these two big issues in Continue Reading
While the Federal Reserve is working hard to bring down inflation, the latest data shows the inflation rate is still high, remaining around 8%. This news impacted the stock market and fueled the fire for conversations about a recession. You’re likely feeling the impact in your day-to-day life as you watch the cost of goods and services climb. The pinch Continue Reading
The housing market is rapidly changing from the peak frenzy it saw over the past two years. That means you probably have questions about what your best move is if you’re thinking of buying or selling this fall. To help you make a confident decision, lean on professionals for insights. Here are a few things experts are saying about the fall housing Continue Reading
New York City Guidelines Board NYC Rent Guideline Board sets a cap on how much a landlord may increase your rent annually. In June of 2022, the board set a 3.25% increase for one-year lease agreements and a 5% increase for a two-year lease agreement. This rental increase applies to all leases signed between October 2022 to September 2023. This means that if your current rent were Continue Reading
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