Posts from: Housing Market

Are you torn between buying a home now or waiting? Consider this. Forecasts show prices will climb for at least the next 5 years. If you wait, the cost of a house will be higher later on. But, if you buy $400K now, you could gain roughly $83K in equity as prices rise. If…

If retirement is on the horizon, now’s the time to start thinking about your next chapter. And you probably want to make sure you’re set up to feel comfortable financially to live the life you want in retirement.

It’s easy to get caught up in waiting for the perfect moment to make your move – especially in today’s market. Maybe you’re holding out and hoping mortgage rates will drop or home prices will fall. But here’s what you need to realize: trying to time the market…

Wondering what to expect when you buy or sell a home this year? Here’s what the experts say lies ahead. Mortgage rates are projected to come down slightly. Home prices are forecast to rise in most areas. And there will be more homes available for sale. Want to know more…

One essential step in the homebuying process you may not know much about is pre-approval. Here’s a rundown of what it is and why it’s crucial.

Have you ever considered how much wealth you’ve built as a homeowner? As home values rise, so does your net worth. And, if you’ve been in your house for a few years (or longer), there’s a good chance you’re sitting on a pile of equity — maybe even more than you…

Experts say rates will come down slightly in the year ahead – but some volatility is expected. So, you shouldn't try to time the market. Instead, focusing on how even a tiny change impacts your future mortgage payment is better. As rates come down, even a little bit, your…

Wondering what’s in store for the housing market this year? And more specifically, what does it all mean for you if you plan to buy or sell a home? The best way to get that information is to lean on the pros.

Moving to a more affordable area could be the fresh start you need to get ahead financially. While some markets are more affordable, working with a trusted real estate agent to find what fits your budget and your desired location – no matter where you want to be – is…

You may be wondering if home prices are going to crash. Believe it or not, some people might even be hoping this happens so they can finally purchase a more affordable home. But experts agree that's not what's in the cards—and here's why.

Today’s mortgage rates and home prices may have you second-guessing whether buying a home right now is still a good idea. While market factors are important, there’s also a bigger picture to consider: the long-term benefits of homeownership.

One of the biggest questions on everyone’s minds right now is: when will mortgage rates come down? After several years of rising rates and bouncing around in 2024, we’re all eager for relief.

There’s a misconception Wall Street is buying all the homes on the market. But data proves that isn’t true. Experts agree the share of homes purchased by investors is declining – and most are smaller investors, like your neighbor who owns a second home, not Wall…

Chances are you’re hearing a lot about mortgage rates right now, and all you want to hear is that they’re coming back down. And if you’ve seen headlines about the early November Federal Funds Rate cut by the Federal Reserve (The Fed), maybe you got hopeful mortgage…

We’re not heading toward a foreclosure crisis because of the high equity homeowners have today. Unlike in the last housing bubble, where many homeowners owed more than their homes were worth, today’s homeowners have far more equity than debt.

If you’ve been watching mortgage rates lately, you might feel like you are on a roller coaster ride. One day, rates are up; the next, they dip slightly. So, what’s driving this constant change? Let’s dive into just a few of the significant reasons why we’re seeing…

More homes are on the market now than there have been in years – and that could be a game changer for you if you’re ready to buy. Let’s look at two reasons why.

You may hear a lot of talk about the Federal Reserve (the Fed) and how their actions will impact the current housing market. Here’s why.

Even if you’re not looking to move immediately, you may question how the election will impact the housing market. We can find your answers when we combine historical trends with what’s happening right now. Based on historical data, mortgage rates decreased in the months…

With the 2024 Presidential election fast approaching, you might be wondering what impact, if any, it’s having on the housing market. Let’s break it down.

With everything feeling more expensive these days, it’s natural to worry about how rising costs might impact the housing market. Many people are concerned that high prices and tighter budgets could cause more homeowners to fall behind on their mortgage payments, leading…

Curious about where the housing market is headed in 2025? The good news is that experts offer some promising forecasts, especially regarding two key factors that directly affect your decisions: mortgage rates and home prices.

Did you know? Homeowners can often put more money down when they buy their next home. That’s because, once they sell, they can use the equity they have in their current house toward their next down payment. And it’s why, as home equity reaches a new height, the median…

You may have heard chatter recently about the economy and a possible recession. Unsurprisingly, that kind of noise gets some people worried about a housing market crash. Maybe you’re one of them. But here’s the good news – there’s no need to panic. The housing…

Affordability is based on three key factors: mortgage rates, home prices, and wages. And today, it’s improving quickly as rates come down, prices level off, and wages climb. If you put your search on pause because it was too expensive to buy, let’s talk about why now…