Mortgage

Home Buyers, Home Equity, Home Investing, Homeownership, Mortgage

Buying a Home May Make More Sense Than Renting

Buying a Home May Make More Sense Than Renting Why does buying a home make more sense than renting? Take a look at this infographic to see why! Some Highlights Rents have consistently risen for several decades. When your rent rises, you pay more, and that can make saving for a home even harder. Overall, […]
Home Buyers, Interest Rates, Mortgage, Uncategorized

What You Should Know About Rising Mortgage Rates

What You Should Know About Rising Mortgage Rates After steadily falling over the winter, mortgage rates have started to rise in recent weeks. This is concerning to some potential homebuyers as the combination of higher mortgage rates and higher prices have made homes less affordable. So, if you’re planning to purchase a home this year, […]
Housing Market, Interest Rates, Mortgage

The Two Big Issues the Housing Market’s Facing Right Now

The Two Big Issues the Housing Market’s Facing Right Now The biggest challenge the housing market’s facing is how few homes there are for sale. Mark Fleming, Chief Economist at First American, explains the root causes of today’s low supply: “Two dynamics are keeping existing-home inventory historically low – rate-locked existing homeowners and the fear […]
Housing Market, Mortgage

Why Today’s Housing Market Isn’t Headed for a Crash

Why Today’s Housing Market Isn’t Headed for a Crash 67% of Americans say a housing market crash is imminent in the next three years. With all the talk in the media lately about shifts in the housing market, it makes sense why so many people feel this way. But there’s good news. Current data shows […]

Home Buyers Buying a Home May Make More Sense Than Renting Buying a Home May Make More Sense Than Renting Why does buying a home make more sense than renting? Take a look at this infographic to see why! Some Highlights Rents have consistently risen for several decades. When your rent rises, you pay more, and that can make saving for a home even harder. Overall, […]

Home Buyers What You Should Know About Rising Mortgage Rates What You Should Know About Rising Mortgage Rates After steadily falling over the winter, mortgage rates have started to rise in recent weeks. This is concerning to some potential homebuyers as the combination of higher mortgage rates and higher prices have made homes less affordable. So, if you’re planning to purchase a home this year, […]

Housing Market The Two Big Issues the Housing Market’s Facing Right Now The Two Big Issues the Housing Market’s Facing Right Now The biggest challenge the housing market’s facing is how few homes there are for sale. Mark Fleming, Chief Economist at First American, explains the root causes of today’s low supply: “Two dynamics are keeping existing-home inventory historically low – rate-locked existing homeowners and the fear […]

Housing Market Why Today’s Housing Market Isn’t Headed for a Crash Why Today’s Housing Market Isn’t Headed for a Crash 67% of Americans say a housing market crash is imminent in the next three years. With all the talk in the media lately about shifts in the housing market, it makes sense why so many people feel this way. But there’s good news. Current data shows […]

Housing Inventory Number of Homes for Sale Up from Last Year, but Below Pre-Pandemic Years Number of Homes for Sale Up from Last Year, but Below Pre-Pandemic Years The biggest challenge in the housing market right now, and likely for years to come, is how few homes there are for sale compared to the number of people who want to buy. That’s why, if you’re thinking about selling your house, […]

Home Prices Experts Forecast a Turnaround in the Housing Market in 2023 Experts Forecast a Turnaround in the Housing Market in 2023 The housing market has gone through a lot of change recently, and much of that was a result of how quickly mortgage rates rose last year. However, experts forecast a turnaround in the housing market in 2023. Now, as we move through 2023, there are […]

Home Buyers Lower Mortgage Rates Are Bringing Buyers Back to the Market Lower Mortgage Rates Are Bringing Buyers Back to the Market 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. Lower Mortgage Rates Are Bringing Buyers Back […]

Home Buyers The 3 Factors That Affect Home Affordability The 3 Factors That Affect Home Affordability 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: “. . […]

Home Buyers Pre-Approval in 2023: What You Need To Know Pre-Approval in 2023: What You Need To Know One of the first steps in your homebuying 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 […]

Home Buyers Think Twice Before Waiting for 3% Mortgage Rates Think Twice Before Waiting for 3% Mortgage Rates 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 […]

Home Buyers Today’s Housing Market Is Nothing Like 15 Years Ago Today’s Housing Market Is Nothing Like 15 Years Ago 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. […]

Home Buyers Wondering How Much You Need To Save for a Down Payment? Wondering How Much You Need To Save for a Down Payment? 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 […]

Home Buyers Onward and upward in 2023! Here’s to a Wonderful 2023!

Home Buyers Mortgage Rates Are Dropping. What Does That Mean for You? Mortgage Rates Are Dropping. What Does That Mean for You? 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 […]

Home Buyers What You Want To Know If You’re Pursuing Your Dream of Homeownership What You Want To Know If You’re Pursuing Your Dream of Homeownership If you’re a young adult, you may be thinking about your goals and priorities for the months and years ahead. And if homeownership ranks high on your goal sheet, you’re in good company. Many of your peers are also pursuing their dream of […]

Home Equity Why There Won’t Be a Flood of Foreclosures Coming to the Housing Market Why There Won’t Be a Flood of Foreclosures Coming to the Housing Market A rapid shift has happened in the housing market this year.Some people are raising concerns that we’re destined for a repeat of the crash we saw in 2008. However, there are key differences between what’s happening today and the bubble in the […]

Home Buyers Mortgage Rates Will Come Down, It’s Just a Matter of Time Mortgage Rates Will Come Down, It’s Just a Matter of Time This past year, rising mortgage rates have slowed the red-hot housing market. Over the past nine months, we’ve seen fewer homes sold than the previous month as home price growth has slowed. All of this is due to the fact that the average 30-year […]

Home Buyers VA Loans Can Help Veterans Achieve Their Dream of Homeownership VA Loans Can Help Veterans Achieve Their Dream of Homeownership 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. VA Loans Can Help Veterans […]

Housing Market What’s Ahead for Mortgage Rates and Home Prices? What’s Ahead for Mortgage Rates and Home Prices? 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 […]

Home Buyers Key Factors Affecting Home Affordability Today Key Factors Affecting Home Affordability Today Every time there’s a news segment about the housing market, we hear about the affordability challenges buyers are facing today. Those headlines are focused on how much mortgage rates have climbed this year. And while it’s true rates have risen dramatically, what are the other key factors affecting home […]