Rising Mortgage Rates and Short Supply: The State of Real Estate in 2022
The last two years caught many of us off guard—and not just because of the pandemic. They also ushered in the hottest housing market on record, with home prices rising nationally by nearly 19% in 2021, driven primarily by low mortgage rates and a major supply shortage. But while some had hoped 2022 would bring […]
Home Price Deceleration Doesn’t Mean Home Price Depreciation
You may have recently heard that terms like “home price deceleration” and “home price depreciation,” but these terms are not the same. In fact, experts in the real estate industry use a number of terms when they talk about what’s happening with home prices. Some of these terms sound a bit similar but mean very […]
What Is Happening With The Housing Market?
If you’re following the news, all of the headlines about conditions in the current housing market may leave you with more questions than answers. What is happening with the housing market? Is the boom over? Is the market crashing or correcting? Here’s what you need to know. What Is Happening With The Housing Market The housing market […]
What You Need To Budget for When Buying a Home
When it comes to buying a home, it can feel a bit intimidating to know how much you need to save, what to budget for, and where to find that information. But have no fear, you’re not expected to have all the answers yourself. There are many trusted professionals who can help you understand your […]
The Dream of Homeownership Is Worth the Effort
If you’re in the market to buy a home this season, stick with it. Homebuyers face challenges in any market, and today’s is no exception. But if you persevere, your decision to achieve the dream of homeownership is worth the effort in the end. In fact, a recent survey from Bankrate shows homeownership is so powerful that: “Nearly […]
5 Ways to Write a Winning Offer in Today’s Real Estate Market
Our nation is in the midst of a serious housing crunch. Last year, a lack of inventory and soaring prices left many would-be homebuyers feeling pinched and wondering how to write a winning offer. But now, with interest rates climbing, many of them are also feeling desperate to lock in a mortgage—which has only added […]
Why Rising Mortgage Rates Push Buyers off the Fence
If you’re thinking about buying a home, you’ve probably heard about rising mortgage rates and have wondered what that means for you. Since mortgage rates have increased over two percentage points this year, it’s natural to think about how this will impact your homeownership plans. Today, buyers are reacting in one of two ways: they’re either […]
How Buying or Selling a Home Benefits the Economy and Your Community
June is National Homeownership Month, and if you’re thinking of buying or selling a home, chances are you’re focusing on the many extraordinary ways it’ll change your life. But did you know it has a large impact on your community too? To measure that impact, the National Association of Realtors (NAR) releases a report each year to highlight just how much […]
Seller’s Checklist: A Timeline to Prep Your Home for Sale
We’re still in a seller’s market, but that doesn’t mean your home is guaranteed to easily sell. If you want to maximize your sale price, it’s still important to prepare your home before putting it on the market. Start by connecting with a real estate agent as soon as possible. Having the eyes and ears […]
Remote Work Trends Mean Flexibility for First-Time Homebuyers
Today’s low inventory can be challenging for homebuyers, especially if you’re looking to purchase your first home. But, if you’re one of many people who work remotely, you may have a great opportunity to use the flexibility you have at work to achieve your homebuying goals this year. In a recent report, Arch Capital Services explains how […]