What Every Homebuyer Should Know About Closing Costs
Before making the decision to buy a home, it’s important to plan for all the costs you’ll be responsible for. While you’re busy saving for the down payment, don’t forget you’ll want to prep for closing costs too. Here’s some helpful information on what
Why Pre-Approval Is Even More Important This Year
On the road to becoming a homeowner? If so, you may have heard the term pre-approval get tossed around. Let’s break down what it is and why it’s important if you’re looking to buy a home in 2024. What Pre-Approval Is As part of the homebuying process, your
Expert Quotes on the 2024 Housing Market Forecast
If you’re thinking about buying or selling a home soon, you probably want to know what you can expect from the housing market in 2024. In 2023, higher mortgage rates, confusion over home price headlines, and a lack of homes for sale created some challenges for buyers and
Don’t Believe Everything You Read About Home Prices
According to the latest data from Fannie Mae, 23% of Americans still think home prices will go down over the next twelve months. But why do roughly 1 in 4 people feel that way? It has a lot to do with all the negative
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
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
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
6 Questions Your Loan Officer is Going to Ask
Even if it’s not your very first home purchase, you need to be prepared to provide your loan officer with what is required. Experienced home buyers may also have forgotten all the things provided and questions asked. For this audience,
The Latest On Supply And Demand In Housing
Over the past two years, the substantial imbalance of low housing supply and high buyer demand pushed home sales and buyer competition to new heights. But this year, things are shifting as supply and demand reach an inflection point. The graph below