If you’re a homeowner, odds are your equity has grown significantly over the last few years. Equity builds over time as home values grow and as you pay down your home loan. And, since home prices skyrocketed during the ‘unicorn’ years, you’ve likely gained more than you think. According to the latest Equity Insights Report from CoreLogic, the average homeowner has more than $274,000 […]
Sellers: Don’t Let These Two Things Hold You Back
Sellers: Don’t Let These Two Things Hold You Back. Many homeowners thinking about selling have two key things holding them back. That’s feeling locked in by today’s higher mortgage rates and worrying they won’t be able to find something to buy while supply is so low. Let’s dive into each challenge and give you some helpful […]
Don’t Fall for the Next Shocking Headlines About Home Prices
Don’t Fall for the Next Shocking Headlines About Home Prices. If you’re thinking of buying or selling a home, one of the biggest questions you have right now is probably: what’s happening with home prices? And it’s no surprise you don’t have the clarity you need on that topic. Part of the issue is how headlines are talking about prices. They’re […]
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 […]
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 […]
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 […]
What You Should Know About Closing Costs
Here’s what you should know about closing costs. Before you buy a home, it’s important to plan ahead. While most buyers consider how much they need to save for a down payment, many are surprised by the closing costs they have to pay. To ensure you aren’t caught off guard when it’s time to close on your […]
What To Expect From the Housing Market in 2023
The 2022 housing market has been defined by two key things: inflation and rapidly rising mortgage rates. And in many ways, it’s put the market into a reset position. Here’s What To Expect From the Real Estate Housing Market in 2023. As the Federal Reserve (the Fed) made moves this year to try to lower inflation, mortgage […]