The major challenge in today’s housing market is that there are more buyers looking to purchase than there are homes available to buy. Simply put, supply can’t keep up with demand. A normal market has a 6-month supply of homes for sale. Anything over that indicates it’s a buyers’ market, but an … [Read more...] about Hope Is on the Horizon for Today’s Housing Shortage
First Time Home Buyers
Top Reasons To Own Your Home [INFOGRAPHIC]
June is National Homeownership Month, and it’s a great time to consider the benefits of owning your own home. … [Read more...] about Top Reasons To Own Your Home [INFOGRAPHIC]
Buying a Home Is Still Affordable
The last year has put emphasis on the importance of one’s home. As a result, some renters are making the jump into homeownership while some homeowners are re-evaluating their current house and considering a move to one that better fits their current lifestyle. Understanding how housing affordability … [Read more...] about Buying a Home Is Still Affordable
Americans Choose Real Estate as the Best Investment [INFOGRAPHIC]
For the eighth year in a row, real estate maintained its position as the preferred long-term investment among Americans. … [Read more...] about Americans Choose Real Estate as the Best Investment [INFOGRAPHIC]
The Power of Mortgage Pre-Approval [INFOGRAPHIC]
Mortgage pre-approval means a lender has reviewed your finances and, based on factors like your income, debt, and credit history, determined how much you’re qualified to borrow. … [Read more...] about The Power of Mortgage Pre-Approval [INFOGRAPHIC]
Are Interest Rates Expected to Rise Over the Next Year?
So far this year, mortgage rates continue to hover around 3%, encouraging many hopeful homebuyers to enter the housing market. However, there’s a good chance rates will increase later this year and going into 2022, ultimately making it more expensive to borrow money for a home loan. Here’s a look at … [Read more...] about Are Interest Rates Expected to Rise Over the Next Year?
Americans Find the Nonfinancial Benefits of Homeownership Most Valuable
Homeownership is a foundational part of the American Dream. As we look back on more than a year of sheltering in our homes, having a place of our own is more important than ever. While financial benefits are always a key aspect of homeownership, today, homeowners rank the nonfinancial and personal … [Read more...] about Americans Find the Nonfinancial Benefits of Homeownership Most Valuable
Patience Is the Key to Buying a Home This Year
The question many homebuyers are facing this year is, “Why is it so hard to find a house?” We’re in the ultimate sellers’ market, which means real estate is ultra-competitive for buyers right now. The National Association of Realtors (NAR) notes homes are getting an average of 4.8 offers per sale, … [Read more...] about Patience Is the Key to Buying a Home This Year
Why You Should Think About Listing Prices Like an Auction’s Reserve Price
For generations, the homebuying process never really changed. The seller would try to estimate the market value of the home and tack on a little extra to give themselves some negotiating room. That figure would become the listing price of the house. Buyers would then try to determine how much less … [Read more...] about Why You Should Think About Listing Prices Like an Auction’s Reserve Price
How to Be a Competitive Buyer in Today’s Housing Market [INFOGRAPHIC]
With so few houses for sale today, it’s important to be prepared when you’re ready to buy a home. … [Read more...] about How to Be a Competitive Buyer in Today’s Housing Market [INFOGRAPHIC]
