What Is the #1 Financial Benefit of Homeownership?
There are many financial and non-financial benefits of homeownership, and the greatest financial one iswealth creation. Homeownership has always been the first rung on the ladder that leads to forming household wealth. AsFreddie Macexplains:Homeownership has cemented its role as part…
How to Make a Winning Offer on a Home
Todayshomebuyersare faced with a strongsellers market, which means there are a lot of active buyers competing for a relatively low number of available homes. As a result, its essential to understand how to make a confident and competitive offer on…
Will the Housing Market Bloom This Spring?
Spring is almost here, and many are wondering what it will bring for the housing market. Even though the pandemic continues on, its certain to be very different from the spring we experienced at this time last year. Heres what…
6 Simple Graphs Proving This Is Nothing Like Last Time
Last March, many involved in the residential housing industry feared the market would be crushed under the pressure of a once-in-a-lifetime pandemic. Instead,real estate had one of its best years ever. Home sales and prices were both up substantially over…
How Upset Should You Be about 3% Mortgage Rates?
Last Thursday,Freddie Macannouncedthat their 30-year fixed mortgage rate was over 3% (3.02%) for the first time since last July. That news dominated real estate headlines that day and the next. Articles talked about the negative impact it may have on…
5 Reasons to Sell Your House This Spring
When selling a house, most homeowners hope for a quick and profitable transaction that puts them in a position to make a great move. If youre waiting for the best time to win as a seller, the market is calling…
Is It a Good Time to Sell My House?
Last year, many homeowners thought twice about selling their houses due to the onset of the health crisis. This year, however, homeowners are beginning to regain their confidence when it comes to sellingsafely. The latestHome Purchase Sentiment Index(HPSI) byFannie Maeshows…
How Smart Is It to Buy a Home Today?
Whether youre buying your first home or selling your current house, if your needs are changing and you think you need to move, the decision can be complicated. You may have to take personal or professional considerations into account, and…
Home Prices: What Happened in 2020? What Will Happen This Year?
The real estate market was on fire during the second half of 2020. Buyer demand was way up, and the supply of homes available for sale hit record lows. The price of anything is determined by the supply and demand…
What Are the Benefits of a 20% Down Payment?
If youre thinking of buying a home this year, you may be wondering how much money youneedto come up with for your down payment. Many people may think its 20% of the loan to secure a mortgage. While there are…