What does the increase in interest rates do to real estate values? Welcome to the June wrap and a closer look at the market as we move full speed into summer. So let’s look at what is true … – Interest rates are up. – Home values are beginning to flatten. – Inventory is continuing […]
Is the Market Finally Slowing Down? Read More »
Experts in the real estate industry use a number of terms when they talk about what’s happening with home prices. And some of those words sound a bit similar but mean very different things. To help clarify what’s happening with home prices and where experts say they’re going, here’s a look at a few terms you
Home Price Deceleration Doesn’t Mean Home Price Depreciation Read More »
There are more choices and more options than there were even 30 days ago. Reach out to collaborate on what’s new and the impact for your situation. As we, undoubtedly, have crossed into a new frontier of market, and some will be frustrated with the change, I am reminded of something a guy said awhile
A New Shift Requires a New Thinking Read More »
Homeownership has become a major 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. Prior to the 1950s, less than half of the country owned their own home. However, after World War II, many returning veterans used the benefits
Why This Housing Market Is Not a Bubble Ready To Pop Read More »
In A Nutshell . . . If you have additional loved ones coming to live with you but don’t have enough space, it may be time to consider a larger, multigenerational home. Some key benefits of multigenerational living include a combined homebuying budget, shared caregiving duties, enhanced relationships, and more. These benefits might be why more
What Is Multigenerational Housing? Read More »
When it comes to buying a home, it can feel a bit intimidating to know how much you need to save and where to find that information. But you should know, you’re not expected to have all the answers yourself. There are many trusted professionals who can help you understand your finances and what you’ll
What You Need To Budget for When Buying a Home Read More »
Based on the Primary Mortgage Rate from Freddie Mac, the average 30-year fixed-rate mortgage has increased by 1.2% (3.22% to 4.42%) since January of this year. The rate jumped by more than a quarter of a point from just a week ago. Here’s a visual to show how mortgage rate movement throughout 2021 was steady compared to
What’s Happening with Mortgage Rates, and Where Will They Go from Here? Read More »
As the spring housing market kicks off, you likely want to know what you can expect this season when it comes to buying or selling a house. While there are multiple factors causing some uncertainty, including the conflict overseas, rising inflation, and the first rate increase from the Federal Reserve in over three years — the housing market seems to be relatively
What You Can Expect from the Spring Housing Market Read More »
If you’re thinking about buying or selling a home, you’ll want to keep a pulse on what’s happening with mortgage rates. Rates have been climbing in recent months, especially since January of this year. And just a few weeks ago, the 30-year fixed mortgage rate from Freddie Mac approached 4% for the first time since May 2019.
How Global Uncertainty Is Impacting Mortgage Rates Read More »
