If you’re looking to buy a home this fall, there are a few things you need to know. Affordability is tight with today’s mortgage rates and rising home prices. At the same time, there’s a limited number of homes on the market right now, creating some competition among buyers. But, if you’re strategic, there are ways to navigate… [Read More]
Non-Financial Reasons to Buy a Home
Buying and owning your own home can significantly impact your life. While there are financial reasons to become a homeowner, it’s essential to think about the non-financial benefits that make a home more than just a place to live. Here are some of the top non-financial reasons to buy a home. According to Fannie Mae, 94%… [Read More]
Price Appreciation Drives Wealth Growth
If you’re planning to buy a home, one thing to consider is what experts project home prices will do in the future and how that might affect your investment. While you may have seen negative news over the past year about home prices, they’re doing far better than expected and are rising across the country. And data… [Read More]
Affordable Smaller Homes Ahead
Have you been trying to buy a home, but higher mortgage rates and home prices limit your options? If so, here’s some good news – based on what Ali Wolf, Chief Economist at Zonda, has to say – smaller, more affordable homes are on the way: “Buyers should expect that over the next 12 to 24 months there will be a notable… [Read More]
Gen Z’s Housing Market Moves
Generation Z (Gen Z) is eager to put down their roots and achieve financial independence. As a result, they’re turning to homeownership. According to the latest Home Buyers and Sellers Generational Trends Report from the National Association of Realtors (NAR), 30% of Gen Z buyers transitioned from living under their parents’ roofs to owning their homes. If you’re… [Read More]
Essential Expertise in Today’s Housing
The ever-shifting landscape of the housing market demands our attention. In this swiftly changing environment, having a reliable real estate agent by your side holds more significance than ever. Whether you’re a first-time homebuyer or a seasoned seller, partnering with a proficient expert is crucial to smoothly navigating each step of the process. It’s important… [Read More]
Median Home Price Confusion Explained
The National Association of Realtors (NAR) is set to release its most recent Existing Home Sales (EHS) report tomorrow. This monthly release provides information on the volume of sales and price trends for previously owned homes. In the upcoming release, it’ll likely say home prices are down. This may seem confusing, especially if you’ve been following along and… [Read More]
Don’t Expect a Flood of Foreclosures
The rising cost of almost everything from groceries to gas right now leads to speculation that more people won’t be able to afford their mortgage payments. And that’s creating concern that many foreclosures are on the horizon. While it’s true that foreclosure filings have gone up a bit compared to last year, experts say a… [Read More]
Current Moving Trends and Reasons
Plenty of people are still moving these days. And suppose you’re thinking of making a move yourself. In that case, you may be considering the inventory and affordability challenges in the housing market and wondering what you can do to help offset those. A new report from Gravy Analytics provides insight into where people are searching for homes and what they’re prioritizing… [Read More]
Agent’s Role in New Construction Home
The prospect of owning a brand-new home tailored to your preferences is exhilarating. Yet, the intricacies of purchasing a house under construction can seem daunting. Luckily, a seasoned real estate agent can be your guiding light through this journey. In a concise statement from The Mortgage Reports: “Your Realtor or real estate agent will be… [Read More]