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If you’re planning to sell your home this season, rising prices are great news for you. But it’s 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 [...]
If you’re following along with the news today, you’ve likely heard about rising inflation. You’re 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 put a pinch on your wallet and make you re-evaluate any big purchases you have planned to [...]
If you’re planning to buy a home this season, you’re probably thinking about what you’ll need to make a successful offer. In previous years, it was common for buyers to try and determine how much less than the asking price they could offer to still get the home. The buyer and seller would then negotiate [...]
Are We On A Housing Market Bubble? And is it getting ready to pop? 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. With the market as volatile as it [...]
Approaching Rising Mortgage Rates As A Buyer In the last few weeks, the average 30-year fixed mortgage rate from Freddie Mac inched up to 5%. While that news may have you questioning the timing of your home search, the truth is, timing has never been more important. Even though you may be tempted to put [...]
Moving This Spring? If you’re thinking of selling your house, it may be because you’ve heard prices are rising, listings are going fast, and sellers are getting multiple offers on their homes. But why are conditions so good for sellers today? And what can you expect if you're moving this Spring? To help answer both [...]
Spring Mortgage Rates Outlook: If you're paying attention to the current real estate market, you're keeping an eye on a potential hike in the Spring mortgage rates. There’s never been a truer statement regarding forecasting mortgage rates than the one offered last year by Mark Fleming, Chief Economist at First American: “You know, the fallacy [...]
Tax Refund and Real Estate It's tax refund time, and that's good news for real estate buyers and sellers. If you’re buying or selling a home this year, you’re likely saving up for a variety of expenses. For buyers, that might include things like your down payment and closing costs. And for sellers, you’re probably [...]
How Much Equity Do You Have In Your Home? How much equity do you have in your home, and what does it mean for your net worth? How Much Equity? Some Highlights: If you’re a homeowner, your net worth has gotten a big boost. That’s because recent home price appreciation has increased equity in your [...]
Home Price Appreciation Many consumers are wondering 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 totally different today. For example, Odeta Kushi, Deputy [...]
