Are you planning to purchase a home this year and have been diligently saving for it? You are probably aware of the numerous expenses that come with it, including the down payment and closing costs. However, the good news is that your tax refund can serve as financial aid toward achieving your goals by covering… [Read More]
Trying To Buy a Home? Hang in There.
We’re still in a sellers’ market. And if you’re looking to buy a home, you’re likely facing some unique challenges, like difficulty finding a home and volatile mortgage rates. But keep in mind; there are some benefits to being a buyer in today’s market that give you good reason to stick with your search. Here… [Read More]
Why Buying a Home Is a Sound Decision
If you’re considering buying a home, you want to know if the decision will be good. And for many, that means thinking about what home prices are projected to do in the coming years and how that could impact your investment. This year, we aren’t seeing home prices fall dramatically. However, as the year goes on, some… [Read More]
Home Prices Forecast for 2023 & Beyond
Home prices have been widely discussed over the past year, with various opinions on whether they will decrease significantly or appreciate slightly depending on location. As we approach the spring real estate market, experts continue to predict what will happen with home prices in the coming year. According to Selma Hepp, Chief Economist at CoreLogic,… [Read More]
Steer Clear of the Renting Pitfall in 2023
As a renter, you’re faced with a big decision every year: renew your lease, start a new one, or buy a home. Before you make any decisions, it’s essential to understand the actual costs of renting in the long term. Realtor.com reports that 74.2% of renters who moved in the last 12 months saw their… [Read More]
Understanding Home Equity
Recent years have seen significant growth in home equity, even though the pace of home price appreciation has slowed. Homeowners have seen a boost in their net worth due to rising home prices, which is expected to continue. The Homeowner Equity Insights report from CoreLogic indicates that the average homeowner’s equity has grown by $34,300… [Read More]
Debunking the Myth of the 20% Down Payment
Are you preparing to buy your first home? Saving up for the purchase is natural, but many prospective homebuyers worry about the down payment. The common misconception is that a 20% down payment is necessary to buy a home, but this is only sometimes the case. According to Freddie Mac, almost a third of potential… [Read More]
What Buyers Need to Know in 2023
Last year, the Federal Reserve attempted to decrease inflation, but it resulted in a rapid increase in mortgage rates from record lows in 2021, peaking at just over 7% in October. This caused some potential buyers to pause their plans. However, the inflation rate is starting to decrease, leading to a drop in mortgage rates… [Read More]
Why Buying a Home Before Spring
Spring is traditionally known as the busiest season in the housing market, and many buyers wait to move until then. However, this strategy can also mean facing stiff competition from other buyers. So if you’re ready to buy a home, consider moving before the spring market picks up. Here’s why: Take Advantage of a Sweet… [Read More]
Bridging the Homeownership Gap
As we celebrate Black History Month, we take the time to reflect on the experiences of Black Americans, both past and present. One of the paths towards building wealth and creating a legacy is through homeownership, but this is an area where people of color often face steep challenges. Despite progress, equitable access to housing… [Read More]