Recent headlines have been buzzing about the median asking price of homes dropping compared to last year, and that’s sparked plenty of confusion. And as a buyer or seller, it’s easy to assume that means prices are coming down. But here’s the catch: those numbers don’t tell the full story. Nationally, home values are actually rising, even if the […]

If you’re wondering what’s going on with home prices lately, you’re definitely not the only one. With so much information out there, it can be hard to figure out your next move. As a buyer, you might be worried about paying more than you should. And if you’re thinking of selling, you might be concerned about not […]

Today’s headlines and news stories about home prices are confusing and make it tough to know what’s happening. Some say home prices are heading for a correction, but what do the facts say? Well, it helps to start by looking at what a correction means. Here’s what Danielle Hale, Chief Economist at Realtor.com, says:  “In stock market […]

In life, patience is a virtue – but in homebuying, waiting too long in hopes of finding the perfect home isn’t wise. That’s because the pursuit of perfection comes at a cost. And in this case, that cost may delay your dream of homeownership. As Bankrate explains: “One of the most common first-time homebuyer mistakes is […]

If you’re considering selling your house this month, here’s something you need to know. Even though it’s still a seller’s market today, you can’t pick just any price for your listing. While home prices are still appreciating in most areas, they’re climbing at a slower pace because higher mortgage rates are putting a squeeze on buyer […]

If you’ve seen the news lately about home sellers slashing prices, it’s a great example of how headlines do more to terrify than clarify. Here’s what’s really happening with prices. The bottom line is home prices are higher than they were a year ago at this time, and they’re expected to keep rising, just at a slower […]

If you’re considering moving this year, two housing market factors are probably on your mind: home prices and mortgage rates. You’re wondering what’s going to happen next. Is it worth it to move now, or is it better to wait it out? The only thing you can do is make the best decision based on the latest information available. […]

According to recent data from Fannie Mae, almost 1 in 4 people still think home prices are going to come down. If you’re one of the people worried about that, here’s what you need to know. A lot of that fear is probably coming from what you’re hearing in the media or reading online. But here’s the thing […]

If you’re trying to sell your house in Chicago, Illinois, you may be looking at this spring season as the sweet spot – and you’re not wrong. We’re still in a seller’s market because there are so few homes for sale right now. And historically, this is the time of year when more buyers move, […]

Based on what you’re hearing in the news about home prices, you may be worried they’re falling. But here’s the thing. The headlines aren’t giving you the whole picture. If you look at the national data for 2023, home prices showed positive growth for the year. While this varies by market, and there were some months with slight […]

Some Highlights Home affordability depends on mortgage rates, home prices, and wages. Mortgage rates are down from their recent peak, the cost of homes is expected to rise slower, and wages are increasing faster than usual. That’s good news if you want to invest in a house in Chicago, Illinois because affordability is improving. Related Posts: Know About Credit […]

In our previous post, we discussed expectations about future home prices. Now, experts project a modest yet positive increase in home prices for 2024. Dive deeper into these projections in this post with us! Even though home prices are rising nationally, some people still worry they might come down. A recent survey from Fannie Mae found that […]