Real Estate Exchange

4 Things That Could Help You Win a Bidding War on a Property

4 Things That Could Help You Win a Bidding War on a Property

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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 […]

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What’s Happening with Mortgage Rates, and Where Are They Headed from Here?

What’s Happening with Mortgage Rates, and Where Are They Headed from Here?

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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

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Thinking of Building A Home? Important Things to Know

Thinking of Building A Home? Here Are The Important Things to Know

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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.

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Why It's Better to Buy Than Rent in Today's Housing Market

Why It’s Better to Buy Than Rent in Today’s Housing Market

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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: “.

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Where Are Home Prices Headed This Year?

Where Are Home Prices Headed This Year?

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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

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Why Now Is a Great Time To Sell Your House

Why Now Is a Great Time To Sell Your House

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As we near the end of the year, more homeowners are realizing the benefits of today’s sellers’ market. Record-breaking home price appreciation, growing equity, low inventory, and competitive mortgage rates are motivating homeowners to make a move that addresses their changing lifestyles. In fact, recent data from realtor.com shows a larger share of homeowners are planning to list their houses this winter. So, that means more

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