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]
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]
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]
Selling in a Sellersâ Market đĄ
You’ve likely heard about the current sellers ‘ market even if you havenât been following real estate news. Thatâs because thereâs a lot of talk about how strong market conditions are for people who want to sell their houses. But if youâre thinking about listing your house, you probably want to know: what does being in a sellersâ… [Read More]
Protect Your House from Inflation đ
If youâre following the news today, youâve likely heard about rising inflation. Youâre also likely feeling the impact in your day-to-day life as prices go up for gas, groceries, and more. These rising consumer costs can pinch your wallet and make you re-evaluate any big purchases you have planned to ensure theyâre still worthwhile. If… [Read More]
Real Estate Market Is Not A Bubble đĄ
Homeownership has become a significant element in achieving the American Dream. A recent report from the National Association of Realtors (NAR) finds that over 86% of buyers agree homeownership is still the American Dream. Before the 1950s, less than half of the country owned their own home. However, after World War II, many returning veterans used the benefits afforded… [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]
Advantages Of Owning a Condo đ
If youâre a first-time buyer looking to break into the housing market but struggling to find a home to buy, condominiums (or condos) could be an excellent alternative for you. Here are a few reasons condos may be something youâll want to consider. Exploring Condos Could Add Options That Fit Your Budget Supply challenges are… [Read More]
Spring Real Estate Market Trendsđ đ
As the spring housing market kicks off, you likely want to know what you can expect this season to buy or sell a house. While multiple factors are causing some uncertainty, including the conflict overseas, rising inflation, and the first-rate increase from the Federal Reserve in over three years â the housing market seems to be relatively immune. Here’s… [Read More]