Real Estate News

Lower Mortgage Rates Are Bringing Buyers Back to the Market.

Posted: January 31st, 2023

As mortgage rates rose last year, activity in the housing market slowed down. And as a result, homes started seeing fewer offers and stayed on the market longer. That meant some homeowners decided to press pause on selling. Now, however, rates are beginning to come down—and buyers are starting to reenter the market. In fact, the latest data from the Mortgage Bankers Association (MBA...

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Where Will You Go If You Sell? You Have Options.

Posted: January 30th, 2023

There are plenty of good reasons you might be ready to move. No matter your motivations, before you list your current house, you need to consider where you'll go next. In today's market, it makes sense to explore all your options. That includes both homes that have been lived in before as well as newly built ones. To help you decide which is right for you, let's compare the benefits of each. Regardless...

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Homeownership Builds Your Wealth over Time [INFOGRAPHIC]

Posted: January 27th, 2023

Some Highlights If you're thinking of buying a home this year, be sure to factor in the long-term benefits of homeownership. On average, nationwide, home prices appreciated by 288.7% over the last 32 years. That means homeowners grow their net worth significantly in the long term. Homeownership wins over time. Let's connect so you can start your homebuying...

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Why It Makes Sense To Move Before Spring.

Posted: January 26th, 2023

Spring is usually the busiest season in the housing market. Many buyers wait until then to make their move, believing it's the best time to find a home. However, that isn't always the case when you factor in the competition you could face with other buyers at that time of year. If you're ready to buy a home, here's why it makes sense to move before the spring market picks up. Spring Should Bring a Wave of Buyers...

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Why You Shouldn't Fear Today's Foreclosure Headlines.

Posted: January 25th, 2023

If you've seen recent headlines about foreclosures surging in the housing market, you're certainly not alone. There's no doubt, the stories in the media can be pretty confusing right now. They may even make you think twice about buying a home for fear that prices could crash. The reality is, the data shows a foreclosure crisis is not where the market is headed, and understanding what that really means is...

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The 3 Factors That Affect Home Affordability.

Posted: January 24th, 2023

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 improving affordability and a more optimistic economic outlook...

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Want To Sell Your House? Price It Right.

Posted: January 23rd, 2023

Last year, the housing market slowed down in response to higher mortgage rates, and that had an impact on home prices. If you're thinking of selling your house soon, that means you'll want to adjust your expectations accordingly. As realtor.com explains: . . . some of the more prominent pandemic trends have changed, so sellers might wish to adjust accordingly to get the best deal possible...

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What's Really Happening with Home Prices? [INFOGRAPHIC]

Posted: January 20th, 2023

Some Highlights If you're thinking about selling your house, recent headlines about home prices falling month-over-month may have you second-guessing your decision—but perspective matters. While home prices are down slightly month-over-month in some markets, home values are still up almost 10% nationally on a year-over-year basis. A nearly 10% gain is still dramatic...

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Pre-Approval in 2023: What You Need To Know.

Posted: January 19th, 2023

One of the first steps in your home-buying journey is getting pre-approved. To understand why it's such an important step, you need to understand what pre-approval is and what it does for you. Business Insider explains: In a preapproval [sic], the lender tells you which types of loans you may be eligible to take out, how much you may be approved to borrow, and what your rate...

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Have Home Values Hit Bottom?

Posted: January 18th, 2023

Whether you're already a homeowner or you're looking to become one, the recent headlines about home prices may leave you with more questions than answers. News stories are talking about home prices falling, and that's raising concerns about a repeat of what happened to prices in the crash in 2008. One of the questions that's on many minds, based on those headlines, is: how much will...

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Think Twice Before Waiting for 3% Mortgage Rates.

Posted: January 17th, 2023

Last year, the Federal Reserve took action to try to bring down inflation. In response to those efforts, mortgage rates jumped up rapidly from the record lows we saw in 2021, peaking at just over 7% last October. Hopeful buyers experienced a hit to their purchasing power as a result, and some decided to press pause on their plans. Today, the rate of inflation is starting to drop...

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What Past Recessions Tell Us About the Housing Market.

Posted: January 16th, 2023

It doesn't matter if you're someone who closely follows the economy or not, chances are you've heard whispers of an upcoming recession. Economic conditions are determined by a broad range of factors, so rather than explaining each in-depth, let's lean on the experts and what history tells us to see what could lie ahead. As Greg McBride, Chief Financial Analyst at Bankrate, says: Two-in-three economists...

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Key Terms To Know When Buying a Home [INFOGRAPHIC]

Posted: January 13th, 2023

Some Highlights Buying a home is a major transaction that can seem even more complex when you don't understand the terms used throughout the process. If you're looking to become a homeowner this year, it's important to know these housing terms and how they relate to the current market so you feel confident throughout the home-buying process. Let's connect so you have expert...

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Is It Time To Sell Your Second Home?

Posted: January 12th, 2023

During the pandemic, second homes became popular because of the rise in work-from-home flexibility. That's because owning a second home, especially in the luxury market, allowed those homeowners to spend more time in their favorite places or with different home features. Keep in mind, a luxury home isn't only defined by price. In a recent article, Investopedia shares additional factors that push a...

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Today's Housing Market Is Nothing Like 15 Years Ago.

Posted: January 11th, 2023

There's no doubt today's housing market is very different than the frenzied one from the past couple of years. In the second half of 2022, there was a dramatic shift in real estate, and it caused many people to make comparisons to the 2008 housing crisis. While there may be a few similarities, when looking at key variables now compared to the last housing cycle, there are significant differences. In the...

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The Truth About Negative Home Equity Headlines.

Posted: January 10th, 2023

Home equity has been a hot topic in real estate news lately. And if you've been following along, you may have heard there's a growing number of homeowners with negative equity. But don't let those headlines scare you. In truth, the headlines don't give you all the information you really need to understand what's happening and at what scale. Let's break down one of the big equity stories you may...

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What Experts Are Saying About the 2023 Housing Market.

Posted: January 9th, 2023

If you're thinking about buying or selling a home soon, you probably want to know what you can expect from the housing market this year. In 2022, the market underwent a major shift as economic uncertainty and higher mortgage rates reduced buyer demand, slowed the pace of home sales, and moderated home prices. But what about 2023? An article from HousingWire offers this...

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Tips To Reach Your Homebuying Goals in 2023 [INFOGRAPHIC].

Posted: January 6th, 2023

Some Highlights If you're planning to buy a home in 2023, here are a few things to focus on. Work on your credit and save for a down payment. If saving feels like a challenge, there's help available. Then, get pre-approved, create a list of desired features, and prioritize them. Let's connect so you have expert advice on how to reach your homebuying...

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3 Best Practices for Selling Your House This Year.

Posted: January 5th, 2023

A new year brings with it the opportunity for new experiences. If that resonates with you because you're considering making a move, you're likely juggling a mix of excitement over your next home and a sense of attachment to your current one. A great way to ease some of those emotions and ensure you're feeling confident in your decision is to keep these three best practices in mind. 1. Price Your Home Right...

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Avoid the Rental Trap in 2023.

Posted: January 4th, 2023

If you're a renter, you likely face an important decision every year: renew your current lease, start a new one, or buy a home. This year is no different. But before you dive too deeply into your options, it helps to understand the true costs of renting moving forward. In the past year, both current renters and new renters have seen their rent go up based on information from realtor.com: Three out of four...

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Wondering How Much You Need To Save for a Down Payment?

Posted: January 4th, 2023

If you're getting ready to buy your first home, you're likely focused on saving up for everything that purchase involves. One cost that's likely top of mind is your down payment. But don’t let a common misconception about how much you need to save make the process harder than it could be. Understand 20% Isn't Always the Typical Down Payment Freddie Mac explains: . . . nearly a third of prospective...

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What Are Your Goals in the Housing Market This Year?

Posted: January 4th, 2023

If buying or selling a home is part of your dreams for 2023, it's essential for you to understand today's housing market, define your goals, and work with industry experts to bring your homeownership vision for the new year into focus. In the last year, high inflation had a big impact on the economy, the housing market, and likely on your wallet too. That's why it's critical to have a clear understanding...

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Planning To Sell Your House? It's Critical To Hire a Pro.

Posted: December 29th, 2022

With higher mortgage rates and moderating buyer demand, conditions in the housing market are different today. And if you're thinking of selling your house, it's important to understand how the market has changed and what that means for you. The best way to make sure you're in the know is to work with a trusted housing market expert. Here are five reasons working with a professional can ensure you'll get...

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Applying For a Mortgage? Here's What You Should Avoid Once You Do.

Posted: December 28th, 2022

While it's exciting to start thinking about moving in and decorating after you've applied for your mortgage, there are some key things to keep in mind before you close. Here's a list of things you may not realize you need to avoid after applying for your home loan. Don't Deposit Large Sums of Cash Lenders need to source your money, and cash isn't easily traceable. Before you deposit...

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Confused About What's Going on in the Housing Market? Lean on a Professional.

Posted: December 27th, 2022

If you're thinking about buying or selling a home, you probably want to know what's really happening with home prices, mortgage rates, housing supply, and more. That's not an easy task considering how sensationalized headlines are today. Jay Thompson, Real Estate Industry Consultant, explains: Housing market headlines are everywhere. Many are quite sensational, ending with...

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Financial Fundamentals for First-Time Homebuyers.

Posted: December 27th, 2022

Are you prepping to buy your first home? If so, one of the steps you should take early on is to make sure you're financially ready for your purchase. Here are just a few of the financial fundamentals you'll need to focus on as you set out to buy a home. Build Your Credit Your credit is one element that helps determine which home loan you'll qualify for. It also impacts your mortgage interest rate...

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What Makes a House a Home?

Posted: December 22nd, 2022

There's no denying the long-term financial benefits of owning a home, but today's housing market may have you wondering if now's still the time to buy. While the financial aspects of buying a home are important, the non-financial and emotional reasons are too. Home means something different to all of us. Whether it's sharing memories with loved ones at the kitchen table or settling in to...

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What To Expect From the Housing Market in 2023.

Posted: December 21st, 2022

The 2022 housing market has been defined by two key things: inflation and rapidly rising mortgage rates. And in many ways, it’s put the market into a reset position. As the Federal Reserve (the Fed) made moves this year to try to lower inflation, mortgage rates more than doubled – something that's never happened before in a calendar year. This had a cascading impact on buyer...

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Homeowners Still Have Positive Equity Gains over the Past 12 Months.

Posted: December 20th, 2022

If you're a homeowner, your net worth got a big boost over the past few years thanks to rapidly rising home prices. Here's how it happened and what it means for you, even as the market moderates. Equity is the current value of your home minus what you owe on the loan. Because there was a significant imbalance between the number of homes available for sale and the number of buyers looking to make a purchase over...

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Mortgage Rates Are Dropping. What Does That Mean for You?

Posted: December 19th, 2022

Mortgage rates have been a hot topic in the housing market over the past 12 months. Compared to the beginning of 2022, rates have risen dramatically. Now they're dropping, and that has to do with everything happening in the economy. Nadia Evangelou, Senior Economist and Director of Forecasting at the National Association of Realtors (NAR), explains it well by saying: Mortgage rates dropped even...

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2023 Housing Market Forecast [INFOGRAPHIC].

Posted: December 16th, 2022

Some Highlights From home sales to prices, the 2023 housing market will be defined by mortgage rates. And where rates go depends on what happens with inflation. If you're thinking of buying or selling a home this year, let's connect so you understand where the housing market is headed in 2023. Sources: realtor.com Home Price Expectations Survey (HPES) National Association of Realtors (NAR...

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Planning to Retire? It Could Be Time To Make a Move.

Posted: December 15th, 2022

If you're thinking about retirement or have already retired this year, you may be planning your next steps. One of your goals could be selling your house and finding a home that more closely fits your needs. Fortunately, you may be in a better position to make a move than you realize. Here are a few things to think about when making that decision. Consider How Long You've Been in Your Home From 1985...

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You May Have More Negotiation Power When You Buy a Home Today.

Posted: December 14th, 2022

Did the frequency and intensity of bidding wars over the past two years make you put your home search on hold? If so, you should know the hyper-competitive market has cooled this year as buyer demand has moderated and housing supply has grown. Those two factors combined mean you may see less competition from other buyers. And with less competition comes more opportunity. Here are two...

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Ready To Sell? Today's Housing Supply Gives You Two Opportunities.

Posted: December 13th, 2022

At first glance, the increase in housing supply compared to last year may not sound like good news for prospective sellers, but it actually gives you two key opportunities in today's housing market. An article from Calculated Risk helps put the inventory gains the market has seen in 2022 into perspective by comparing it to recent years (see graph below). It shows supply has surpassed...

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What Every Seller Should Know About Home Prices.

Posted: December 12th, 2022

If you're trying to decide whether or not to sell your house, recent headlines about home prices may be top of mind. And if those stories have you wondering what that means for your home's value, here's what you really need to know. What's Really Happening with Home Prices? It's possible you've seen news stories mentioning a drop in home values or home price depreciation, but it's important to remember those...

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Reasons To Sell Your House This Season [INFOGRAPHIC]

Posted: December 9th, 2022

Some Highlights If you're planning to make a move but aren't sure if now's the right time, here are a few reasons why you shouldn't wait to sell your house. The supply of homes for sale, while growing, is still low today. Plus, serious buyers are out looking right now, and many are hoping to avoid falling into the rental trap for another year. Let's connect to determine if selling...

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Homeownership Is an Investment in Your Future

Posted: December 9th, 2022

There are many people thinking about buying a home, but with everything affecting the economy, some are wondering if it's a smart decision to buy now or if it makes more sense to wait it out. As Bob Broeksmit, President and CEO of the Mortgage Bankers Association (MBA), explains: The desire for homeownership is strong. Many prospective buyers are waiting for the volatility in mortgage rates to...

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Key Advantages of Buying a Home Today

Posted: December 8th, 2022

There’s no doubt buying a home today is different than it was over the past couple of years, and the shift in the market has led to advantages for buyers today. Right now, there are specific reasons that make this housing market attractive for those who’ve thought about buying but have sidelined their search due to rising mortgage rates. Buying a home in any market is a personal...

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More People Are Finding the Benefits of Multigenerational Households Today

Posted: November 17th, 2022

If you're thinking of buying a home and living with siblings, parents, or grandparents, then multigenerational living may be for you. The Pew Research Center defines a multigenerational household as a home with two or more adult generations. And the number of individuals choosing multigenerational living has increased over the past 50 years. As you consider this option for your own home search, know it could help...

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Top Questions About Selling Your Home This Winter

Posted: November 17th, 2022

There's no denying the housing market is undergoing a shift this season, and that may leave you with some questions about whether it still makes sense to sell your house. Here are three of the top questions you may be asking – and the data that helps answer them – so you can make a confident decision. 1. Should I Wait To Sell? Even though the supply of homes for sale has increased in 2022, inventory is...

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Home Equity: A Source of Strength for Homeowners Today

Posted: November 16th, 2022

Experts agree there’s no chance of a large-scale foreclosure crisis like we saw back in 2008, and that’s good news for the housing market. As Mark Fleming, Chief Economist at First American, says: “. . . don’t expect a housing bust like the mid-2000s, as lending standards in this housing cycle have been much tighter and homeowners have historically high levels of home...

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Why It May Be Time To Add Newly Built Homes to Your Search

Posted: November 16th, 2022

If you put a pause on your home search because you weren’t sure where you’d go once you sold your house, it might be a good time to get back into the market. If you’re willing to work with a trusted agent to consider a newly built home, you may have even more options and incentives than you realize. That may be why the National Association of Home Builders (NAHB) says the...

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What's Ahead for Mortgage Rates and Home Prices?

Posted: November 11th, 2022

Now that the end of 2022 is within sight, you may be wondering what's going to happen in the housing market next year and what that may mean if you're thinking about buying a home. Here's a look at the latest expert insights on both mortgage rates and home prices so you can make your best move possible. Mortgage Rates Will Continue To Respond to Inflation There's no doubt mortgage rates have...

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VA Loans Can Help Veterans Achieve Their Dream of Homeownership

Posted: November 11th, 2022

For over 78 years, Veterans Affairs (VA) home loans have provided millions of veterans with the opportunity to purchase homes of their own. If you or a loved one have served, it's important to understand this program and its benefits. Here are some things you should know about VA loans before you start the homebuying process. What Are VA Loans? VA home loans provide a pathway to homeownership for those who have...

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The Cost of Waiting for Mortgage Rates To Go Down

Posted: October 29th, 2022

Mortgage rates have increased significantly in recent weeks. And that may mean you have questions about what this means for you if you're planning to buy a home. Here's some information that can help you make an informed decision when you set your homebuying plans. The Impact of Rising Mortgage Rates As mortgage rates rise, they impact your purchasing power by raising the cost of buying a home and limiting how...

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How To Prep Your House for Sale This Fall

Posted: October 29th, 2022

Today's housing market is different than it was just a few months ago. And if you're thinking about selling your house, that may leave you wondering what you need to do differently as a result. The answer is simple. Taking the time upfront to prep your house appropriately and create a solid plan can help bring in the greatest return on your investment. Here are a few simple tips to make sure you maximize the sale...

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Think Home Prices Are Going To Fall? Think Again

Posted: August 9th, 2022

Over the last two years, the rate of home prices appreciated at a dramatic pace. While that led to incredible equity gainsfor homeowners, it's also caused some buyers to wonder if home prices will fall. It's important to know the housing market isn't a bubble about to burst, and home price growth is supported by strong market fundamentals. To understand why price declines are unlikely, it's important to explore...

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Should You Buy a Home with Inflation This High?

Posted: August 9th, 2022

While the Federal Reserve is working hard to bring down inflation, the latest data shows the inflation rate is still going up. You no doubt are feeling the pinch on your wallet at the gas pump or the grocery store, but that news may also leave you wondering: should I still buy a home right now? Greg McBride, Chief Financial Analyst at Bankrate, explains how inflation is affecting the housing market: Inflation will...

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Why Pre-Approval Is a Game Changer for Homebuyers

Posted: August 9th, 2022

If you're planning to buy a home this year, you might have heard that pre-approval is a necessary step to take before starting out on your journey. But why is that? And is it still important in today's shifting market? The truth is, getting a pre-approval letter from your lender is critical, and when it comes to your home search, it can be a game changer in so many ways. To better understand why, it's important to...

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Wondering Where You’ll Move if You Sell Your House Today?

Posted: July 25th, 2022

If you put a pause on your home search because you weren't sure where you'd go once you sold your house, it might be a good time to get back into the market. That's because today's market is undergoing a shift, and the supply of homes for sale is increasing as a result. That means you may have a better chance of finding a home that will meet your current needs. Here are some options to consider. Buying an Existing...

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Should I Rent or Should I Buy?

Posted: July 25th, 2022

Some Highlights It’s worth considering the many benefits of homeownership before you make the decision to rent or buy a home. When you buy, you can stabilize your housing costs, own a tangible asset, and grow your net worth as you gain equity. When you rent, you face rising housing costs, won’t see a return on your investment, and limit your ability to save. If you...

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Housing Experts Say This Isn’t a Bubble

Posted: July 25th, 2022

With so much talk about an economic slowdown, some people are asking if the housing market is heading for a crash like the one in 2008. To really understand what’s happening with real estate today, it’s important to lean on the experts for reliable information. Here’s why economists and industry experts say the housing market is not a bubble ready to pop. Today...

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Should I Buy a Home Right Now?

Posted: July 20th, 2022

If you've been thinking about buying a home, you likely have one question on the top of your mind: should I buy right now, or should I wait? While no one can answer that question for you, here's some information that could help you make your decision. The Future of Home Price Appreciation Each quarter, Pulsenomics surveys a national panel of over 100 economists, real estate experts, and investment and market...

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Expert Housing Market Forecasts for the Second Half of the Year

Posted: July 18th, 2022

The housing market is at a turning point, and if you’re thinking of buying or selling a home, that may leave you wondering: is it still a good time to buy a home? Should I make a move this year? To help answer those questions, let’s turn to the experts for projections on what the second half of the year holds for residential real estate. Where Mortgage Rates Will Go Depends on...

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The Drop in Mortgage Rates Brings Good News for Homebuyers

Posted: July 18th, 2022

Over the past few weeks, the average 30-year fixed mortgage rate from Freddie Mac fell by half a percent. The drop happened over concerns about a potential recession. And since mortgage rates have risen dramatically this year, homebuyers across the country should see this decline as welcome news. Freddie Mac reports that the average 30-year rate was down to 5.30% from 5.81% two weeks prior (see...

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What Does an Economic Slowdown Mean for the Housing Market?

Posted: July 7th, 2022

According to a recent survey, more and more Americans are concerned about a possible recession. Those concerns were validated when the Federal Reserve met and confirmed they were strongly committed to bringing down inflation. And, in order to do so, they'd use their tools and influence to slow down the economy. All of this brings up many fears and questions around how it might affect our lives, our jobs, and...

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How Your Equity Can Grow over Time

Posted: July 6th, 2022

It's true that record levels of home price appreciation have spurred significant equity gains for homeowners over the past few years. As Diana Olick, Real Estate Correspondent at CNBC, says: The stunning jump in home values over the course of the Covid-19 pandemic has given U.S. homeowners record amounts of housing wealth. That's great for your home's value over the last couple of years, but what if you've lived...

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Is Homeownership Still the American Dream?

Posted: July 6th, 2022

Defining the American dream is personal, and no one individual will have the same definition as another. But the feelings it brings about – success, freedom, and a sense of prosperity – are universal. That's why, for many people, homeownership remains a key part of the American dream. Your home is your stake in the community, a strong financial investment, and an achievement to be proud of. A recent...

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If You're Selling Your House This Summer, Hiring a Pro Is Critical

Posted: June 30th, 2022

It can be tempting, especially with how hot the housing market has been over the past two years, to consider selling your home on your own. But today's market is at a turning point, making it more essential than ever to work with a real estate professional. Not only will a trusted real estate advisor keep you updated and help you make the best decisions based on current market trends, but they're also experts in...

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Homeownership Could Be in Reach with Down Payment Assistance Programs

Posted: June 29th, 2022

A recent survey from Bankrate asks prospective buyers to identify the biggest obstacles in their homebuying journey. It found that 36% of those polled said saving for a down payment is one of their primary hurdles to buying a home. If you feel the same way, the good news is there are many down payment assistance programs available that can help you achieve your homeownership goals. The key is...

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Two Reasons Why Today's Housing Market Isn't a Bubble

Posted: June 28th, 2022

You may be reading headlines and hearing talk about a potential housing bubble or a crash, but it's important to understand that the data and expert opinions tell a different story. A recent survey from Pulsenomics asked over one hundred housing market experts and real estate economists if they believe the housing market is in a bubble. The results indicate most experts don't think that's the case (see graph...

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A Key Opportunity for Homebuyers

Posted: June 28th, 2022

There's no denying the housing market has delivered a fair share of challenges to homebuyers over the past two years. Two of the biggest hurdles homebuyers faced during the pandemic were the limited number of homes for sale and the intensity and frequency of bidding wars. But those two things have reached a turning point. As you may have already heard, the number or homes for sale has increased this year, and even...

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Homeownership Is a Great Hedge Against the Impact of Rising Inflation

Posted: June 23rd, 2022

If you're following along with the news today, you've heard about rising inflation. Today, inflation is at a 40-year high. According to the National Association of Home Builders (NAHB): Consumer prices accelerated again in May as shelter, energy and food prices continued to surge at the fastest pace in decades. This marked the third straight month for inflation above an 8% rate and was the largest year-over-year...

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Things To Avoid After Applying for a Home Loan

Posted: June 23rd, 2022

Once you've applied for a mortgage to buy a home, there are some key things to keep in mind. While it's exciting to start thinking about moving in and decorating, be careful when it comes to making any big purchases. Here are a few things you may not realize you need to avoid after applying for your home loan. Don't Deposit Large Sums of Cash Lenders need to source your money, and cash isn't easily traceable...

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The Average Homeowner Gained $64K in Equity over the Past Year

Posted: June 22nd, 2022

If you own a home, your net worth likely just got a big boost thanks to rising home equity. Equity is the current value of your home minus what you owe on the loan. And today, based on recent home price appreciation, you're building that equity far faster than you may expect – here's how it works. Because there's an ongoing imbalance between the number of homes available for sale and the number of buyers...

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Why Achieving the Dream of Homeownership Can Be More Difficult for Some Americans

Posted: June 21st, 2022

Today we take time to honor and recognize the past and present experiences of Black Americans. When it comes to real estate specifically, equitable access to housing has come a long way, but the path to homeownership is still steeper for households of color. The Gap in Homeownership Rate in America It's a more challenging journey to achieve homeownership for some buyers, as shown by the measurable gap between the...

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More Listings Are Coming onto the Market

Posted: June 17th, 2022

Some Highlights Worried you won't be able to find your next home after you sell? You should know data from realtor.com shows more listings are coming onto the market each month this year. Having additional options can make the search for your next home. But inventory is still low overall, which means your house should still stand out when you sell. If your biggest question is where you'll go if you sell, take this...

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A Majority of Consumers Say It’s a Good Time To Sell Your House

Posted: June 16th, 2022

If you're a homeowner thinking about selling your house, you're probably looking for the best time to make your move. That means you're likely balancing a number of factors, like your changing needs, where you'll go when you sell, and today's mortgage rates in order to time it just right. According to recent data, that sweet spot could already be here. The latest Home Purchase Sentiment Index (HPSI) by Fannie Mae...

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More Americans Choose Real Estate as the Best Investment Than Ever Before

Posted: June 14th, 2022

Americans' opinion on the value of real estate as an investment is climbing. That's according to an annual survey from Gallup. Not only is real estate viewed as the best investment for the ninth year in a row, but more Americans selected it than ever before. The graph below shows the results of the survey since Gallup began asking the question in 2011. As the trend lines indicate, real estate has been gaining...

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Is the Housing Market Correcting?

Posted: June 14th, 2022

If you’re following the news, all of the headlines about conditions in the current housing market may leave you with more questions than answers. Is the boom over? Is the market crashing or correcting? Here's what you need to know. The housing market is moderating compared to the last two years, but what everyone needs to remember is that the past two years were record-breaking in nearly every way...

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The Top Reasons To Own Your Home

Posted: June 14th, 2022

Some Highlights June is National Homeownership Month, and it’s a great time to consider the benefits of owning your own home. If you’re considering homeownership, know that it can give you privacy, comfort, and a place to express yourself. It can also provide financial stability and help you grow your net worth. Are you ready to experience all the great benefits that come...

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What Are the Best Options for Today’s First-Time Homebuyers?

Posted: June 8th, 2022

If you’re looking to buy your first home, you’re likely balancing several factors. Because both mortgage rates and home prices have risen this year, it costs more to buy a home than it did even just a few months ago. But that doesn’t mean you have to put your plans on hold. If you partner with a trusted real estate advisor and hone your strategy, you can navigate...

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Why the Growing Number of Homes for Sale Is Good for Your Move Up

Posted: June 8th, 2022

Are you thinking about selling your current home? If so, the biggest question on your mind may be: if I sell now, where will I go? If this resonates with you, there’s something you should know. The number of homes coming onto the market is increasing and that could make it easier for you to move up this summer. According to the latest data from realtor.com, the number of...

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Why You Need an Expert To Determine the Right Price for Your House

Posted: June 6th, 2022

Why You Need an Expert To Determine the Right Price for Your House If your lifestyle has changed recently and you’re ready to make a move, taking advantage of today’s sellers’ market might be just the answer for your summer plans. With homes continuing to get multiple offers, this could be your moment to get the contract you’re looking for on your house if you’re...

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History Proves Recession Doesn't Equal a Housing Crisis

Posted: June 3rd, 2022

Some Highlights It's important to understand history proves an economic slowdown does not equal a housing crisis. In 4 of the last 6 recessions, home prices actually appreciated. Home prices only fell twice – minimally in the early 90s and then by nearly 20% during the housing crash in 2008. If you have questions, let's connect to discuss why today's housing market is nothing like 2008.

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How Homeownership Impacts You

Posted: June 2nd, 2022

June is National Homeownership Month, and it's the perfect time to reflect on how impactful owning a home can truly be. When you purchase a house, it becomes more than just a space you occupy. It's your stake in the community, an investment, and a place you can put your stamp on. If you're thinking about buying a home this year, here are some of the benefits you’ll experience when you do. The Emotional...

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Why Home Loans Today Aren't What They Were in the Past

Posted: June 1st, 2022

In today's housing market, many are beginning to wonder if we're returning to the riskier lending habits and borrowing options that led to the housing crash 15 years ago. Let's ease those concerns. Several times a year, the Mortgage Bankers Association (MBA) releases an index titled the Mortgage Credit Availability Index (MCAI). According to their website: The MCAI provides the only standardized quantitative index...

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What Does the Rest of the Year Hold for the Housing Market?

Posted: May 31st, 2022

If you're thinking of buying or selling a house, you're at an exciting decision point. And anytime you make a big decision like that, one thing you should always consider is timing. So, what does the rest of the year hold for the housing market? Here's what experts have to say. The Number of Homes Available for Sale Is Likely To Grow There are early signs housing inventory is starting to grow and experts say that...

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Bright Days Are Ahead When You Move Up This Summer

Posted: May 27th, 2022

Some Highlights Warmer weather and longer days mean summer is almost here. Celebrate by upgrading to the home of your dreams so you can enjoy all the season has to offer. When you list your house, you can capitalize on today’s sellers’ market to fuel your upgrade. Then, you can move to a home with the features you want, like space to entertain or rooms for work and play. If...

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Why Summer Is a Great Time To Buy a Vacation Home

Posted: May 26th, 2022

You may be someone who looks forward to summer each year because it gives you an opportunity to rest, unwind, and enjoy more quality time with your loved ones. Now that summer is just around the corner, it's worthwhile to start thinking about your plans and where you want to spend your vacations this year. Here are a few reasons a vacation home could be right for you. Why You May Want To Consider a Vacation Home...

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Highest Rates in Months Despite Weak Jobs Report

Posted: October 12th, 2021

For a quick reminder as to why mortgage rates care about the bond market, here's a chart of relative movement in the average 30yr fixed mortgage rate and 10yr Treasury Yields (the quintessential bond market benchmark).You may notice that rates have been moving higher recently, and that's where our journey intersects with Friday's jobs report. In short, the government's official job tally of 194k (new jobs created...

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Is It Harder or Easier To Get A Home Loan During The Pandemic?

Posted: July 20th, 2021

How have you been surviving since the COVID-19 pandemic hit last year? Are you recovering swiftly with this season’s economic incline? Or are you still struggling to get back on your feet after being furloughed or laid off? No matter where you stand today, one thing is certain: the real estate market has changed substantially since the onset of COVID-19 in 2020. Even a year after the first lockdowns were put...

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Renting vs Owning During the Pandemic

Posted: July 12th, 2021

The COVID-19 pandemic put a halt to our global economy in 2020. Unemployment rates skyrocketed, industries were completely torn down, and most of us -- if not all of us -- were living in fear one way or another. Fear of losing our jobs, our loved ones, and our way of life to the unknown. As America recovers in 2021, there is one thing that is certain -- that fear of the unknown isn’t going away any time...

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The Top Five Most Dangerous Cities In The U.S. as of 2021

Posted: July 7th, 2021

When looking to invest in real estate, one of the factors many potential homeowners should strongly consider is crime rates. Even if you’ve found a beautiful home in a perfect neighborhood, you won’t be happy with your choice if your city is plagued with increasing crime rates and lowering property values over time. That is why we at Tradar Real Estate Solutions urge clients to consider many different...

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How Does The I-4 Corridor Expansion Project Affect You?

Posted: December 17th, 2019

I-4 Corridor Expansion Project Affects Orlando Real Estate in a Positive Way When looking for a property, one of the factors that people consider is the economy. Is it vibrant? Are there chances that it will continue being vibrant? Why are these questions important? We have seen some cities blossom but once some dynamics change, they start shrinking. It would be unfortunate to invest in such a place with a bright...

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Have you ever thought about using a Lease Option to buy or sell a property?

Posted: October 22nd, 2019

  The benefits of buying or selling property using a lease option Sometimes buying and selling a property can be a challenge. You may need a quick solution due a personal problem such as bankruptcy, divorce, losing your job, moving out, or bad credit. A lease option can save you a great deal in many of these situations. Here we explore the benefits of buying or selling property using this option.   First...

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Foreclosures in Central Florida

Posted: July 30th, 2019

Foreclosures are houses that are on the market and can be purchased at a great price. The foreclosure usually occurs either as a result of the owner being unable to sell the property or because he or she failed to pay the mortgage, which resulted in the lending company assuming it and listing it for sale in an effort to recover expenses. Foreclosure affects thousands of Americans each year, with an average of 1 out of every 200 homes in the U.S. being foreclosed upon.   What Causes Foreclosure? It’s not something any homeowner ever plans on encountering, but it happens quite...

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Why Is The Younger U.S. Population Renting As Opposed to Buying Homes?

Posted: May 6th, 2019

Over the decades, there has been a certain order to things. In the 50s and 60s, individuals would get married, buy a home and have kids. Over the years, the process of living life has changed. Today’s younger population in the US are no longer worried about getting married, buying a home and having children, or at least not in that order. Millennials are moving away from buying homes and are renting instead. But why? In most instances, it is much cheaper to buy a home than rent. Rising Home Prices The younger generation has several reasons as to why they choose to rent instead of...

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How a Good Credit Score Relates to Lower Interest Rates When Mortgage Shopping

Posted: May 6th, 2019

When it comes to owning a new home in central Florida, a good credit score is essential. When you have a good credit score, you are able to earn a lower interest rate, which impacts the overall amount you can borrow as well as what your monthly mortgage payment will be. The interest rate also affects the time frame in which you can pay off your mortgage. Having a good credit score ensures success when it comes to a new mortgage. Your credit score is a primary factor a lender will look at when determining the interest rate, you qualify for based on your credit history. A bad credit score...

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Central Florida Interest Rates - Previously Increased Rates Are Now Lowered

Posted: May 6th, 2019

During the presidential election time frame, the interest rates for a home mortgage started to rise. As the state of the nation was unclear, depending on who would become the president. Rates started really increasing once the presidential election was completed and about year later the rates peaked. The rates have been decreasing though and are almost back to where they were before the election began. If you were considering a home purchase at that time, it might not have been a reality based on the interest rates. Now, interest rates are much lower, making it a great time to buy in...

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