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If you put a pause on your home search because you weren’t sure where you’d go once you sold your house, it might be a good time to get back into the market. That’s because today’s market is undergoing a shift, and the supply of homes for sale is increasing as a result. That means you may have …
Wondering What Options You Have If You Sell Your House Today? Read More »
With a limited number of properties for sale today and so many buyers hoping to make a purchase before mortgage rates increase further, bidding wars are common. According to the latest report from the National Association of Realtors (NAR), nationwide, homes are getting an average of 4.8 offers per sale. Let’s look at how that breaks down state-by-state (see map below): The same report …
4 Things That Could Help You Win a Bidding War on a Property Read More »
If you’re trying to decide whether or not to sell your house and make a move, you may be inclined to because you’ve heard prices are increasing, listings are going quickly, and sellers are getting multiple offers on their properties. But it brings up the question, why are conditions so great for sellers today? And most importantly, what can you expect …
According to the Primary Mortgage Market Survey from Freddie Mac, the average 30-year fixed-rate mortgage has increased by about 1.2% (3.22% to 4.42%) since January of 2022. The rate climbed by more than a quarter of a point from just a week ago. Take a look at the visual that show’s how mortgage rate movement throughout 2021 …
What’s Happening with Mortgage Rates, and Where Are They Headed from Here? Read More »
If you’re thinking of making a move in the near future, you may be trying to determine whether it’s better to buy a home that’s already on the market or try building a new one. Since the current supply of homes available for sale in the real estate market is low, it’s beneficial to consider either option. …
Thinking of Building A Home? Here Are The Important Things to Know Read More »
If you’re thinking about buying a home, you may be curious how your student loan debt might affect those plans. Is it necessary to wait until you’ve completed the payment of your student loans before you purchase your first home? Or could you qualify for a home loan with that debt? To help answer your …
You may be like many others who had hoped to buy a home this year but shied away due to rising home prices and increasing mortgage rates. However, there’s something you should think about. According to a recent report from ATTOM Data, owning a home in the United States is more cost-effective compared to renting. The 2022 Rental Affordability Report says: “. …
Why It’s Better to Buy Than Rent in Today’s Housing Market Read More »
After almost two years of double-digit increases, many experts thought home price appreciation would decelerate or happen at a slower pace in the last quarter of 2021. However, the latest Home Price Insights Report from CoreLogic indicates while prices may have plateaued, appreciation has definitely not slowed. The following graph shows year-over-year appreciation throughout 2021. December data has not yet …
If you’re thinking of buying a home, you’re probably wondering what you need to save for your down payment. Is it 20% of the purchase price, or could you put down less? While there are lower down payment programs available that allow qualified buyers to put down as little as 3.5%, it’s important to understand the many …
As we move into 2022, both buyers and sellers are wondering, what’s next for the housing market? Will there be more homes available to buy? Will prices keep climbing? How high will mortgage rates go? For the answer to those questions and more, we turn to the experts. Here’s a look at what they say we can expect in …