Explaining Today’s Mortgage Rates If you’re following mortgage rates because you know they impact your borrowing costs, you may be wondering what the future holds for them. Unfortunately, there’s no easy way to answer that question because mortgage rates are notoriously hard to forecast. But, there’s one thing that’s historically a good indicator of what’ll happen […]
Eco-Friendly, Energy-Efficient Homes Attract Buyers
Eco-Friendly, Energy-Efficient Homes Attract Buyers. Are you planning to sell your house? If so, you may be surprised to hear just how much buyers value energy efficiency and eco-friendly features today. This is especially true in summer. In fact, the 2023 Realtors and Sustainability Report from the National Association of Realtors (NAR) shows 48% of agents or brokers have […]
Two Questions To Ask Yourself if You’re Considering Buying a Home
Two Questions To Ask Yourself if You’re Considering Buying a Home. If you’re thinking of buying a home, chances are you’re paying attention to just about everything you hear about the housing market. And you’re getting your information from a variety of channels: the news, social media, your real estate agent, conversations with friends and […]
Saving for a Down Payment? Here’s What To Know.
Saving for a Down Payment? Here’s What You Need To Know. If you’re planning to buy your first home, then you’re probably focused on saving for all the costs involved in such a big purchase. One of the expenses that may be at the top of your mind is your down payment. If you’re intimidated […]
Oops! Home Prices Didn’t Crash After All
Oops! Home Prices Didn’t Crash After All. During the fourth quarter of last year, many housing experts predicted home prices were going to crash this year. Here are a few of those forecasts: Jeremy Siegel, Russell E. Palmer Professor Emeritus of Finance at the Wharton School of Business: “I expect housing prices fall 10% to 15%, […]
Powerful Job Market Fuels Homebuyer Demand
Powerful Job Market Fuels Homebuyer Demand – The spring housing market has been surprisingly active this year. Even with affordability challenges and a limited number of homes for sale, buyer demand is strong, and getting stronger. One way we know there are interested buyers right now is because showing traffic is up. Data from the latest ShowingTime Showing […]
What You Need To Know About Home Price News
Here is what you need to know about home price news. The National Association of Realtors (NAR) will release its latest Existing Home Sales Report tomorrow. The information it contains on home prices may cause some confusion and could even generate some troubling headlines. This all stems from the fact that NAR will report the median sales price, while other home price […]
The Impact of Inflation on Mortgage Rates
The Impact of Inflation on Mortgage Rates. If you’re reading headlines about inflation or mortgage rates, you may see something about the recent decision from the Federal Reserve (the Fed). But what does it mean for you, the housing market, and your plans to buy a home? Here’s what you need to know. Inflation and the Housing Market While […]
A Recession Doesn’t Equal a Housing Crisis
A Recession Doesn’t Equal a Housing Crisis. Everywhere you look, people are talking about a potential recession. And if you’re planning to buy or sell a house, this may leave you wondering if your plans are still a wise move. To help ease your mind, experts are saying that if we do officially enter a […]
The Three Factors Affecting Home Affordability Today
The Three Factors Affecting Home Affordability Today. There’s been a lot of focus on higher mortgage rates and how they’re creating affordability challenges for today’s homebuyers. It’s true that rates climbed dramatically since the record-low we saw during the pandemic. But home affordability is based on more than just mortgage rates – it’s determined by a […]