Experts Project Mortgage Rates Will Continue To Rise in 2022
Mortgage rates are one of several factors that impact how much you can afford if youre buying a home. When rates are low, they help you get more house for your money. Within the last year, mortgage rates have hit…
Sellers Have Incredible Leverage in Today’s Market
Withmortgage ratesclimbing above 3% for the first time in months, serious buyers are more motivated than ever to find a homebefore the end of the year. Lawrence Yun, Chief Economist for theNational Association of Realtors(NAR), puts it best,saying:Housing demand remains…
Renters Missed Out on $51,500 This Past Year
Rents have increased significantly this year. The latestNational Rent ReportfromApartmentlist.comshows rents are rising at a rate much higher than the three years leading up to the pandemic:Since January of this year,the national median rent has increased by a staggering 16.4…
Does Your House Have What Buyers Want?
The rise inremote workis changing what many Americans want in their homes. Many companies are choosing to delay reopening or go remote full-time, and todays buyers are looking for homes with more space to support their work needs.As a seller,…
Housing Challenge or Housing Opportunity? It Depends.
The biggest challenge in real estate today is the lack of available homes for sale. The low housing supply has caused homes throughout the country to appreciate at a much faster rate than what weve experienced historically.There are many reasons…
There Are More Homes Available Now than There Were This Spring
Theres a lot of talk lately about how challenging it can be to find a home to buy. While housing inventory is still low, there are a few important things to understand about thesupplyof homes for sale as we move…
Knowledge Is Power When It Comes to Appraisals and Inspections
Buyers in todays market often have questions about the importance of getting a home appraisal and an inspection. Thats because high buyer demand andlow housing supplyare driving intense competition and leading some buyers to consider waiving those contingencies to stand…
Important Distinction: Homes Are Less Affordable, Not Unaffordable
Its impossible to research the subject of buying a home without coming across a headline declaring that the fall in home affordability is a crisis. However, when we add context to the most recent affordability statistics, we soon realize that,…
Looking To Move? It Could Be Time To Build Your Dream Home.
While todayssupplyof homes for sale is still low, the number ofnewly built homes is increasing. If youreready to sellbut have held off because you werent sure youd be able to find a home to move into, newly built homes and…
What Does the Future Hold for Home Prices?
If youre looking to buy or sell a house, chances are youve heard talk about todaysrising home prices. And while this increase in home values is great news for sellers, you may be wondering what the future holds. Will prices…