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As someone thinking about buying or selling a home, you’re probably paying close attention to mortgage rates – and wondering what’s ahead. One thing that can affect mortgage rates is the Federal Funds Rate, which influences how much it costs banks to borrow money from each other. While the Federal Reserve (the Fed) doesn’t directly control mortgage rates, they control […]
If you’re in the market to buy a home, there’s some exciting news for you. Many people assume that newly built homes are more expensive than existing ones (houses already lived in), but that’s not always the case. Exploring newly built homes can sometimes lead to more cost-effective options, especially today. Hard to believe. But the […]
Even though data shows inflation is cooling, many people still feel the pinch on their wallets. And those high costs on everything from gas to groceries fuel unnecessary concerns that more people will have trouble making their mortgage payments. But does that mean there’s a big wave of foreclosures coming? Here’s why the data and the […]
An interesting trend is happening in the housing market. People are increasingly moving to more affordable areas, and remote or hybrid work is helping them do it. Consider Moving to a More Affordable Area Today’s high mortgage rates combined with continually rising home prices mean it’s tough for many people to afford a home. That’s why many […]
There’s no arguing this past year has been difficult for homebuyers. And if you’re someone who has started the process of searching for a home, maybe you put your search on hold because the challenges in today’s market felt like too much to tackle. You’re not alone in that. A Bright MLS study found some of the top reasons buyers paused […]
If you’re thinking about selling your house, you should know some buyers are ready and able to pay today’s high prices. But they want a home that’s move-in ready. A recent press release from Redfin explains: “Buyers are still out there and they’re willing to pay today’s high prices, but only if the house is in really […]
If you’re trying to decide if you’re ready to buy a home, there’s probably a lot on your mind. You’re thinking about your finances, today’s mortgage rates and home prices, the limited supply of homes for sale, and more. And you’re juggling how all of those things will impact the choice you’ll make. While housing market conditions are a factor in your decision, your […]
Navigating the housing market can be tricky, especially these days. That’s why an experienced guide is so important when buying or selling a home. The market isn’t straightforward right now, and working with a real estate expert can offer insights and advice that make all the difference. While today’s market conditions might seem confusing or overwhelming, you […]
Retirement is a time for relaxation, adventure, and enjoying the things you love. As you imagine this exciting new chapter in your life, it’s important to consider whether your current home still meets your needs. If it’s too big, too costly, or just not convenient anymore, downsizing might help you make the most of your retirement years. […]
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 […]
Even if you didn’t own a home at the time, you probably remember the housing crisis in 2008. That crash impacted the lives of countless people, and many now live with the worry that something like that could happen again. But rest easy, because things are different than they were back then. As Business Insider says: “Though […]