If you’re following today’s housing market, you know two of the top issues consumers face are inflation and mortgage rates. So let’s take a look at each one. Inflation and the Housing Market This year, inflation reached a high not seen in forty years. For the average consumer, you probably felt the pinch at the gas pump and in… [Read More]
The True Strength of Homeowners Today
The real estate market is on just about everyoneâs mind these days. Thatâs because the unsustainable market of the past two years is behind us, and the difference is being felt. The question now is, just how financially strong are homeowners throughout the country? Mortgage debt grew beyond 10 trillion dollars over the past year, and many called… [Read More]
Buyers Can Do in Todayâs Housing Market
Tracing mortgage rates have defined the 2022 housing market. Unfortunately, rising rates have also become more costly to purchase a home. According to the National Association of Realtors (NAR): âCompared to one year ago, the monthly mortgage payment rose to $1,944 from $1,265, an increase of 53.7%.â If you’re thinking of buying a home or have… [Read More]
Owning a Home Builds Your Net Worth
Owning a home is a significant financial milestone to take pride inâone primary reason: the equity you build as a homeowner gives your net worth a big boost. And with high inflation right now, the link between owning your home and making your wealth is vital. If youâre looking to increase your financial security, now could be… [Read More]
Less Competition as Bidding Wars Ease
One of the top stories in recent real estate headlines was the intensity and frequency of bidding wars. With so many buyers looking to purchase a home and so few available for sale, fiercely competitive bidding wars became the norm during the pandemic â which drove home prices up. If you tried to buy a house… [Read More]
Start Your Home Search Today đ¤
If you’re considering buying a home, you likely have a lot of factors on your mind. You’re weighing your needs against higher mortgage rates, today’s home prices, and more to decide if you want to jump into the market. While some buyers may wait things out, there’s a reason serious buyers are making moves right… [Read More]
3 Tips for Buying a Home Today đ
If you put off your home search over the past two years, you may want to consider picking it back up based on today’s housing market conditions. Recent data shows the supply of homes for sale is increasing, giving buyers like you additional options. But it’s essential to remember that while inventory is improving, it’s still… [Read More]
The U.S. Homeownership Rate Is Growing
The desire to own a home is still strong today. In fact, according to the Census, the U.S. homeownership rate is on the rise. To illustrate the increase, the graph below shows the homeownership rate over the last year: That data shows more than half of the U.S. population live in a home they own, and the percentage… [Read More]
Homebuying Make More Financial Sense
Consider this if rising home prices leave you wondering if renting or buying a home in today’s housing market makes more sense. It’s not just home prices that have increased in recent years â rental prices have also skyrocketed. As a recent article from realtor.com says: âThe median rent across the 50 largest US metropolitan areas reached $1,876… [Read More]
Why Are People Moving Today? đ¤
Buying a home is a significant life decision. Thatâs true whether youâre purchasing for the first time or selling your house to fuel a move. And if youâre planning to buy a home, you might be hearing about todayâs shifting market and wondering what it means. While mortgage rates are higher than at the start of the… [Read More]