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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 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 [...]
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 [...]
Being intentional and competitive are musts when buying a home this season. That’s why getting pre-approved is so important today. Pre-approval from a lender is the only way to know your true price range and how much money you can borrow for your loan. Peter Warden, Editor of The Mortgage Reports, explains: “The lender will [...]
Multigenerational Housing, Infographic: Multigenerational Housing: Some Highlights 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 [...]
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 [...]
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 [...]
Your Home Buying Budget 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 [...]
