The Latest Expert Forecasts for Home Prices in 2023. Are you thinking about making a move? If so, all the speculation that home prices would crash this year may have you feeling a bit on edge about your decision. Let the data and the experts reassure you. Prices aren’t in a downward spiral and will actually finish the […]
Housing Inventory Shows Crash Isn’t Coming
Housing Inventory Shows Crash Isn’t Coming. You might remember the housing crash in 2008, even if you didn’t own a home at the time. If you’re worried there’s going to be a repeat of what happened back then, there’s good news – the housing market now is different from 2008. One important reason is there […]
More Jobs and Better Pay Leads to More Buyer Demand
More Jobs and Better Pay Leads to More Buyer Demand. There’s been talk about a recession for quite a while now. But the economy has been remarkably resilient. Why? One reason is employment and wages have stayed strong. Let’s look at the latest information on each one and why both are good news if you’re […]
Explaining Today’s Mortgage Rates
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 […]
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 […]
The Main Reason Mortgage Rates Are So High
The Main Reason Mortgage Rates Are So High. Today’s mortgage rates are top-of-mind for many homebuyers right now. As a result, if you’re thinking about buying for the first time or selling your current house to move into a home that better fits your needs, you may be asking yourself these two questions: Why Are Mortgage […]
Today’s Real Estate Market: The ‘Unicorns’ Have Galloped Off
Today’s Real Estate Market: The ‘Unicorns’ Have Galloped Off. Comparing real estate metrics from one year to another can be challenging in a normal housing market. That’s due to possible variability in the market making the comparison less meaningful or accurate. Unpredictable events can have a significant impact on the circumstances and outcomes being compared. […]
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 […]
3 Factors That Affect Home Affordability
3 Factors That Affect Home Affordability. If you’ve been following the housing market over the last couple of years, you’ve likely heard about growing affordability challenges. But according to experts, the key factors that determine housing affordability are projected to improve this year. Selma Hepp, Executive, Deputy Chief Economist at CoreLogic, shares: “. . . with slowly […]