Many of us are concerned about how the housing market will fare as interest rates head up and a looming recession takes hold. Will home values crash as they did during the Great Recession or will they simply stop rising and settle in at their current values. While no one can predict the future, Fed […]
As mortgage rates start to climb due to rate increases by the Fed and with housing inventory still in short supply, homebuyers may find themselves in a very competitive market. This has led many homebuyers to feel pressured to move quickly when shopping for a home and possibly stretch their budget to the limits. According […]
According to some researchers, mortgages and refinances were the only bright spots during this otherwise bleak period of history we are currently living in. This year has been a little more stable than usual. Recent Freddie Mac updates show 30-year fixed-rate loan rates dropped to 3.05 percent ending the week of 12/23/2021, marking the most significant rate […]
If you are unhappy with your current home, you may be trying to decide whether to move to a new home or renovate your current house to add exactly what you want. While renovating allows you to add the exact features you want in a house, it can be difficult having to deal with permits, […]
Last week we looked at what it costs to build a home, this week we thought we would look at some of the expenses you can expect when purchasing an existing home. If you are in the market for a new home, you may be wondering, how much house can I actually afford? This question is more […]
A recent report by ATTOM, curator of the nation’s premier property database found that median-priced single-family homes are now less affordable when compared to historical averages in 75 percent of counties across the nation. This figure is up from the 56 percent jump that ATTOM reported in the third quarter of 2020. This is the […]
If you are in the market for a new home, one of the most important components of buying a house is finding the right homeowners insurance policy. Homeowners insurance is not only required by your lender, it’s a safety net in the event that something happens to your home. There are a few questions you […]
If you are going to be in the market for a new home soon there are plenty of things to consider as well as actions to take to make sure you are ready before you start touring homes. Here are a few things to consider when preparing to purchase a new house: Are you ready? […]
According to the National Association of Realtors, existing home sales continued their strong upward trajectory in July. This makes it two months in a row that have shown significant gains in home sales. Four of the major regions managed a double-digit month over month increase while the Northeast was the only region that showed a […]
While job losses mount and home sales plummet due to COVID-19, lenders are tightening mortgage requirements, making it more difficult to purchase a home. In addition to stricter mortgage requirements, the virus may change how Americans buy and sell homes in the future. As the pandemic continues, it could end up transforming how real estate […]