If you’re thinking of buying a home, chances are you’re paying attention to just about everything you hear about the housing market. And you’re getting your information from a variety of channels: the news, social media, your real estate agent, conversations with friends and loved ones, overhearing someone chatting at the local supermarket, the list goes on and on. Most likely, home prices Continue Reading
Key Takeaways A Real Estate agent is essential to selling your home because they bring a lot of skill and expertise to the sales process. They’ll explain what’s happening today, what that means for you, and how to price and market your house. They’re also skilled negotiators and well-versed in the contracts and disclosures involved. As a seller, you may believe you are saving 1.5% to 3% Continue Reading
Do you want to sell your home but hesitate because you’re worried you won’t be able to find your next home in today’s market? You're not alone, but some good news may ease your worries. New home construction is up and is becoming an increasingly significant part of the housing inventory. That means when you put your house on the market this summer, considering newly built homes is crucial for Continue Reading
You might be worried we’re heading for a housing crash, but there are many reasons why this housing market isn’t like the one we saw in 2008. One of which is how lending standards are different today. Here’s a look at the data to help prove it. The Mortgage Bankers Association (MBA) monthly releases the Mortgage Credit Availability Index (MCAI). According to their website: “The MCAI Continue Reading
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
Selling your house is no simple task. While some homeowners opt to sell their homes on their own, known as an FSBO (For Sale by Owner), they often encounter various challenges without the guidance of a real estate agent. If you’re considering selling your house alone, here’s what you should know. The most recent Profile of Home Buyers and Sellers from the National Association of Realtors (NAR) 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
Credit Score knowledge is essential if planning on purchasing a home. Knowing your credit score’s a critical piece of the puzzle when qualifying for a home loan. Lenders review your credit to assess your ability to make payments on time, pay back debts, and more. It’s also a factor that helps determine your mortgage rate. An article from Bankrate explains: “Your credit score is one of Continue Reading
The National Association of Realtors (NAR) will release its latest Existing Home Sales (EHS) report later this week. This monthly report provides information on the sales volume and price trend for previously owned homes. In the upcoming release, it’ll likely say home prices are down. This may feel confusing, especially if you’ve been following along and seeing the blogs saying that home prices Continue Reading
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