People Want Less Expensive Homes – and Builders Are Responding
In today’s housing market, there are two main affordability challenges impacting buyers: mortgage rates that are higher than they’ve been the past couple of years, and rising home prices caused by low inventory. To overcome those challenges, many people are working with their agents to find
Why You Can’t Compare Now to the “Unicorn” Years of the Housing Market
Some Highlights Comparing housing market metrics from one year to another can be challenging in a normal housing market – and the last few years have been anything but normal. In a way, they were ‘unicorn’ years. Expect unsettling housing market headlines
What You Need To Know About Home Price News
The National Association of Realtors (NAR) will release its latest Existing Home Sales Report tomorrow. The information it contains on home prices may cause some confusion and could even generate some troubling headlines. This all stems from the fact that
Avoid Five Real Estate Regrets
Can you tell good real estate advice from bad? Unfortunately, for buyers and sellers the answer is usually, “Yes, in hindsight!” That is, after they have bought or sold. After buyers move in or sellers move out, many things become clear. Buyers
Can a Mortgage Be Denied After Pre-Approval: The Approval Process
When you’re ready to buy a home, pre-approval is an important part of the process. You talk to a lender who will go over your situation and then give you a pre-approval letter. The letter helps determine your budget and
An Expert Provides Clarity in Today’s Housing Market
The housing market has been going through shifts lately. That’s why it’s so important to work with an industry professional who can be your guide throughout the process. A real estate expert uses their knowledge of what’s really happening with home prices, housing supply, expert
Spring Into Action: Boost Your Home’s Curb Appeal
To sell your home this spring, it may need more preparation than it would have a year or two ago. Today’s housing market has a different feel. There are more homes for sale than there were at this time last
Mortgage Rates Just Hit a 4-Month Low, But Do Buyers Even Care?
Mortgage rates are down again this week, which means things are looking up for homebuyers. The average rate for a 30-year fixed-rate mortgage ticked down 2 basis points to 6.13%, according to Freddie Mac, continuing a pattern of rates seesawing lower since topping
Should You Rent Your House Or Sell It?
If you’re a homeowner ready to make a move, you may be thinking about using your current house as a short-term rental property instead of selling it. A short-term rental (STR) is typically offered as an alternative to a hotel, and they’re an investment
New Year’s Resolution: Invest in Real Estate
Stocks mainly pay when they appreciate and bonds via coupons, but real estate offers five profit centers, such as income, tax savings and principal paydown. NEW YORK – If you invest in stocks or bonds, you may be more accustomed to