The language of buying and selling a home may sound scary at first, but knowing how key terms relate to today’s market can help you. For example, current low mortgage rates and higher wages positively impact affordability for buyers, while home price appreciation continues to grow home equity, which … [Read more...] about Pop Quiz: Can You Define These Key Terms in Today’s Housing Market? [INFOGRAPHIC]
As we move into the second half of the year, one thing is clear: the current real estate market is one for the record books. The exact mix of conditions we have today creates opportunities for both buyers and sellers. Here’s a look at four key components that are shaping this unprecedented market. … [Read more...] about Today’s Real Estate Market Explained Through 4 Key Trends
Over the past year, many homeowners realized what they need in a home is changing, especially with the rise in remote work. If you’re longing for a dedicated home office or a change in scenery, now may be the time to find the home that addresses your evolving needs. … [Read more...] about Remote Work Has Changed Our Home Needs. Is It Time for Your Home To Change, Too?
In today’s real estate market, mortgage interest rates are near record lows. If you’ve been in your current home for several years and haven’t refinanced lately, there’s a good chance you have a mortgage with an interest rate higher than today’s average. Here are some options you should consider if … [Read more...] about What You Should Do Before Interest Rates Rise
Buyers hoping for more homes to choose from may be in luck as housing inventory begins to rise. Many experts agree – new sellers listing their homes is great news for buyers and the overall market. … [Read more...] about Experts Agree: Options Are Improving for Buyers [INFOGRAPHIC]
Last week, Fannie Mae released their Home Purchase Sentiment Index (HPSI). Though the survey showed 77% of respondents believe it’s a “good time to sell,” it also confirms what many are sensing: an increasing number of Americans believe it’s a “bad time to buy” a home. The percentage of those … [Read more...] about Diving Deep into Today’s Biggest Buyer Concerns
An important factor in today’s market is the number of homes for sale. While inventory levels continue to sit near historic lows, there are indications we may have hit the lowest point we’ll see. Odeta Kushi, Deputy Chief Economist at First American, recently said of our supply challenges: … [Read more...] about Housing Supply Is Rising. What Does That Mean for You?
In real estate, it’s normal to see ebbs and flows in the market. Typically, the summer months are slower-paced than the traditionally busy spring. But this isn’t a typical summer. As the economy rebounds and life is returning to normal, the real estate market is expected to have an unusually strong … [Read more...] about Why This Isn’t Your Typical Summer Housing Market
The amount of wealth Americans have stored in their homes has increased astronomically. … [Read more...] about Your Home Equity Can Take You Places [INFOGRAPHIC]
Home prices have increased significantly over the last year, which in turn has grown the net worth of homeowners. Appreciation and home equity are directly linked – as the value of a home increases, so does a homeowner’s equity. And with these recent gains, homeowners are witnessing their financial … [Read more...] about A Look at Home Price Appreciation Through 2025