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If you’ve been waiting for mortgage rates to move, last week finally delivered some good news. On Friday, September 5th, the average 30-year fixed mortgage rate fell to its lowest point since October 2024, marking the largest one-day drop in over a year. What Caused the Drop? According to Mortgage News Daily, this reaction came […]
Mortgage Rates Just Took Their Biggest Dip in a Year Read More »
The last thing any seller wants is to get all the way to the finish line, only for the deal to fall apart right before closing. Unfortunately, that’s happening more often than it used to. According to recent Redfin data, about 15% of pending home sales fell through in June. For comparison, before the pandemic
Why More Home Sales Are Falling Through – and How Sellers Can Stay Ahead Read More »
Not every homebuyer is looking for the largest house on the block. Many people want something simpler, more affordable, and easier to maintain, especially in a market where every dollar counts. That’s where condos come in. For first-time buyers, condos can be a smart way to enter homeownership without stretching your budget. For downsizers, they
Why Condos Might Be the Perfect Fit for Today’s Buyers Read More »
If you tried buying a home a couple of years ago, you probably remember the chaos all too well. Homes were hitting the market and disappearing almost instantly, sometimes in just hours. Buyers had to drop everything to run to a showing, and if you hesitated even slightly, someone else already had an offer in
From Frenzy to Breathing Room: Buyers Finally Have Time Again Read More »
According to Fannie Mae, 90% of buyers don’t actually know what credit score lenders are looking for, or they overestimate the minimum needed. Let that sink in. That means most homebuyers think they need better credit than they actually do – and maybe you’re one of them. And that could make you think buying a home is out of
What Credit Score Do You Really Need To Buy a Home? Read More »
If you’ve been watching the market, you’ve likely noticed a few changes already this year. But what’s next? From home prices to mortgage rates, here’s what the latest expert forecasts suggest for the rest of 2025 – and what these shifts could mean for you. Will Home Prices Fall? Many buyers are hoping home prices
Housing Market Forecasts for the Rest of 2025 Read More »
If you’re searching for the right home, or hoping to get better pricing or financing options, it might be time to take a closer look at new construction. In today’s market, newly built homes could be one of the most promising opportunities available. Here at Real Estate Exchange, here’s what we’re seeing: Roughly one in
Why Now Might Be the Perfect Time to Buy a New Construction Home Read More »
Lately, we’ve been seeing more and more buyers exploring multi-generational living, and it’s not just a passing trend. According to the National Association of Realtors (NAR), a record-breaking 17% of homebuyers are purchasing homes with the intention of living with parents, adult children, or extended family. That’s the highest share NAR has ever reported. So,
More Families Are Buying Homes Together—Here’s Why Read More »
Here’s something you need to know. The housing market is getting back to a healthier, more normal place. And even though it may not sound like it, this shift is actually a good thing. It’s what you should expect. It’s just that our expectations have been skewed by the intense seller’s market over the past
What Every Homeowner Needs To Know In Today’s Shifting Market Read More »
If you’re a first-time homebuyer, you might feel like the odds are stacked against you in today’s market. But there are resources and programs out there that can help – if you know where to look. And one thing that can make homeownership easier to achieve? An FHA home loan. They’re designed to help you
Buying Your First Home? FHA Loans Can Help Read More »