As mortgage rates started to rise this year, many homeowners began to wonder if the value of their homes would fall. Here’s the good news. Historically, when mortgage rates rise by a percentage point or more, home values continue to appreciate. The latest data on home prices seems to confirm that … [Read more...] about Sellers Have an Opportunity with Today’s Home Prices
If you’re thinking about buying a home, you’ve probably heard mortgage rates are rising 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. … [Read more...] about Why Rising Mortgage Rates Push Buyers off the Fence
According to a recent survey from the National Association of Realtors (NAR), one of the top challenges buyers face in today’s housing market is finding a home that meets their needs. That’s largely because the inventory of homes for sale is so low today. … [Read more...] about Are There More Homes Coming to the Market?
Many people are wondering: will home prices fall this year? Whether you’re a potential homebuyer, seller, or both, the answer to this question matters for you. Let’s break down what’s happening with home prices, where experts say they’re headed, and how this impacts your homeownership goals. … [Read more...] about Will Home Prices Fall This Year? Here’s What Experts Say.
If you’re planning to buy a home, it’s critical to understand the relationship between mortgage rates and your purchasing power. Purchasing power is the amount of home you can afford to buy that’s within your financial reach. Mortgage rates directly impact the monthly payment you’ll have on the home … [Read more...] about How Today’s Mortgage Rates Impact Your Home Purchase
What does the rest of the year hold for the housing market? Here’s what experts have to say about what lies ahead. … [Read more...] about 2022 Housing Market Forecast [INFOGRAPHIC]
With a limited number of homes for sale today and so many buyers looking to make a purchase before mortgage rates rise further, bidding wars are common. According to the latest report from the National Association of Realtors (NAR), nationwide, homes are getting an average of 4.8 offers per sale. … [Read more...] about Things That Could Help You Win a Bidding War on a Home
If you’re planning to sell your home this season, rising prices are great news for you. But it’s important to understand why prices are rising to begin with. One major factor is supply and demand. … [Read more...] about Today’s Home Price Appreciation Is Great News for Existing Homeowners
If you’re planning to buy a home this season, you’re probably thinking about what you’ll need to do to get your offer accepted. In previous years, it was common for buyers to try and determine how much less than the asking price they could offer to still get the home. The buyer and seller would then … [Read more...] about Is It Enough To Offer Asking Price in Today’s Housing Market?
In the last few weeks, the average 30-year fixed mortgage rate from Freddie Mac inched up to 5%. While that news may have you questioning the timing of your home search, the truth is, timing has never been more important. Even though you may be tempted to put your plans on hold in hopes that rates … [Read more...] about How To Approach Rising Mortgage Rates as a Buyer