Are Houses Less Affordable Than They Were in Past Decades?
There are many headlines about how housing affordability is declining. The headlines are correct: its less affordable to purchase a home today than it was a year ago. However, its important to give this trend context. Is it less expensive…
Looking for a Place To Call Home? Consider a Condominium.
Its no secret that one of the top stories in todays real estate market is low housing supply and high buyer demand. If youre afirst-time buyerlooking for a starter home or are someone whos interested in downsizing, it may be…
The Community and Economic Impacts of a Home Sale
If youre thinking of buying or selling a house, chances are youre focusing on the manyextraordinary waysitll change your life. What you may not realize is that decision impacts peoples lives far beyond your own. Home purchases and sales are…
Surprising Shift Favors Homeowners: Buyers Now Prefer Existing Homes
In April, theNational Association of Home Builders(NAHB) posted an article,Home Buyers Preferences Shift Towards New Construction, which reported:60% of people who were looking to buy a home in 2020 said theydprefer new construction to an existing home.However, it seems buyers…
Sellers: Make Today’s Home Price Appreciation Work for You
Home prices continue to rise as we move through the summer, and thats good news forsellerswho are looking to maximize their homes potential. If youre on the fence about whether to list your house now or later, the question you…
With Rents on the Rise – Is Now the Time To Buy?
According to recent data fromrealtor.com, medianrental prices have reached their highest point ever recordedin many areas across the country. Thereportfound rents rose by8.1%from the same time last year. As it notes:Beyond simply recovering to pre-pandemic levels, rents across the country…
Key Questions To Ask Yourself Before Buying a Home
Sometimes it can feel like everyone has advice when it comes to buying a home. While your friends and loved ones may have your best interests in mind, they may also be missingcrucial information about todays housing market that you…
Home Sellers: There Is an Extra Way To Welcome Home Our Veterans
Some veterans are finding it difficult to obtain ahomein todays market.Accordingto theNational Association of Realtors(NAR):Conventional conforming mortgages (mortgages that conform to guidelines set by Fannie Mae and Freddie Mac), accounted for 74% of mortgages obtained by homebuyers in May 2021,…
4 Reasons Why the End of Forbearance Will Not Lead to a Wave of Foreclosures
With forbearance plans about to come to an end, many are concerned the housing market will experience a wave of foreclosures like what happened after the housing bubble 15 years ago. Here are four reasons why that wont happen.1. There…
A Look at Housing Supply and What It Means for Sellers
One of the hottest topics of conversation in todays real estate market is theshortage of available homes.Simply put, there are many more potential buyers than there are homes for sale.As a seller, youve likely heard that low supply is good…