Are There Going to Be More Homes to Buy This Year?
If youre looking for a home to purchase right now and having trouble finding one, youre not alone. At a time like this when there are sofewhouses for sale, its normal to wonder if youll actually find one to buy.…
How Much Leverage Do Today’s House Sellers Have?
The housing market has been scorching hot over the last twelve months. Buyers and their high demand have far outnumbered sellers and a short supply of houses. According to the latestExisting Home Sales Reportfrom theNational Association of Realtors(NAR), sales are…
The Reason Mortgage Rates Are Projected to Increase and What It Means for You
Were currently experiencing historically low mortgage rates. Over the last fifty years, the average on aFreddie Mac30-year fixed-rate mortgage has been 7.76%. Today, that rate is2.81%. Flocks of homebuyers have been taking advantage of these remarkably low rates over the…
Where Have All the Houses Gone?
In todays housing market, it seems harder than ever to find a home to buy. Before the health crisis hit us a year ago, there was already a shortage of homes for sale. When many homeowners delayed their plans to…
Will Low Mortgage Rates Continue through 2021?
With mortgage interest rates hittingrecord lowsso many times recently, some are wondering if well see low rates continue throughout 2021, or if theyll start to rise. Recently,Freddie Macreleased their quarterlyforecast, noting:The average 30-year fixed-rate mortgage hit a record low over…
3 Ways Home Equity Can Have a Major Impact on Your Life
There have been a lot of headlines reporting on how homeowner equity (the difference between the current market value of your home and the amount you owe on your mortgage) has dramatically increased over the past few years.CoreLogicindicated that equity…
Millennials: Is It Time to Buy a Bigger Home?
In todays housing market, all eyes are on millennials. Not only are millennials the largest generation, but theyre also currently between 25 and 40 years old. These are often considered prime homebuying years when many people begin to form their…
3 Ways You’ll Win When You Buy a Home This Year
There are so many great reasons to purchase a home, and over the past year, weve realized more of them than we ever thought possible. If youre a first-time homebuyer, having a home of your own can give you a…
47% of New Buyers Surprised by How Affordable Homes Are Today
Headlines matter. Right now, its hard to read about real estate without seeing a headline that suggests homes have become unaffordable for most Americans. In reality, theres hard evidence that shows how owning a home is more affordable thanrentingin most…
The Luxury Market Is Attracting Buyers in 2021
As more people continue to identify their changing needs this year, some are turning to the upscale housing sector for more space or finer features. In their most recentLuxury Market Report, theInstitute for Luxury Home Marketing(ILHM) shares:In a snapshot of…