Many people are wondering: will home prices fall this year? Whether youâre a potential homebuyer, seller, or both, the answer to this question matters to you. So letâs break down whatâs happening with home prices, where experts say theyâre headed, and how this impacts your homeownership goals. Whatâs Happening with Home Prices? Home prices have seen 121 consecutive months of year-over-year increases. CoreLogic says: âPrice… [Read More]
More Homes Coming to the Market đĄ
According to a recent survey from the National Association of Realtors (NAR), one of the top challenges buyers face in todayâs housing market is finding a home that meets their needs. Thatâs large because the inventory of homes for sale is so low today. If youâre looking to buy a home, you may have noticed this yourself. But there is good news. Recent… [Read More]
Todayâs Mortgage Rates đ°
If youâre planning to buy a home, itâs critical to understand the relationship between mortgage rates and your purchasing power. Purchasing power is the amount of home you can afford to buy thatâs within your financial reach. Mortgage rates directly impact the monthly payment youâll have on the home you purchase. So, when rates rise, so… [Read More]
Tips for First-Time Homebuyers đ
Buying your first home is a major decision and an exciting milestone. Even though it can feel daunting at times, it has the power to change your life for the better. If youâre looking to purchase your first home, you may be wondering whatâs happening in the housing market today, how much you need to save, and where to… [Read More]
Todayâs Home Price Appreciation đ°
If youâre planning to sell your home this season, rising prices are great news for you. But itâs important to understand why prices are rising to begin with. One major factor is supply and demand. In any industry, when there are more buyers for an item than there are of that item available, prices naturally rise. In those situations, buyers are willing to… [Read More]
Use Your Tax Refund as a Homeowner đĄ
You’re likely saving upon various expenses if you’re buying or selling a home this year. That might include things like your down payment and closing costs for buyers. And for sellers, you’re probably working on a bit of spring cleaning and maintenance to spruce up your house before you list it. Either way, any… [Read More]
Future of Home Price Appreciation đ
Many consumers wonder what will happen with home values over the next few years. Some are concerned that the recent run-up in home prices will lead to a situation similar to the housing crash 15 years ago. However, experts say the market is different today. For example, Odeta Kushi, Deputy Chief Economist at First American, tweeted just last week on… [Read More]
Be Ready When You Buy a House đĄ
When it comes to buying a home, it can feel not very safe to know how much you need to save and where to find that information. But you should know, youâre not expected to have all the answers yourself. Many trusted professionals can help you understand your finances and what youâll need to budget for… [Read More]
Wants and Needs As A Homebuyerâď¸
Since the number of homes for sale is low today, finding one that checks all your boxes can make it challenging. But if you know which features are essential in your next home and which ones are just excellent bonuses, you can land a home that fits your needs. Danielle Hale, Chief Economist for realtor.com, explains it like this:… [Read More]
Benefits of Homeownershipđ
The past two years have taught us the actual value of homeownership, especially the stability and the feeling of accomplishment it can provide. But homeownership has so much more to offer. Here’s a look at a few of the non-financial and financial benefits of owning a home. So if you’re looking to buy a home… [Read More]