What Do Past Years Tell Us About Today’s Real Estate Market? As you follow the news, you’re likely seeing headlines discussing what’s going on in today’s real estate market. Chances are high that some of the more recent storylines you’ve come across mention terms like cooling or slowing when talking about where the market is headed. But what do these terms mean? The housing market today is Continue Reading about What Do Past Years Tell Us About Today’s Real Estate Market?
Real Estate
The Big Question: Should You Renovate or Move?
The Big Question: Should You Renovate or Move? The last 18 months changed what many buyers are looking for in a home. Recently, the American Institute of Architects released their AIA Home Design Trends Survey results for Q3 2021. The survey reveals the following: 70% of respondents want more outdoor living space 69% of respondents want a home office (48% wanted multiple offices) 46% of Continue Reading about The Big Question: Should You Renovate or Move?
Don’t Wait for a Lower Mortgage Rate – It Could Cost You
Don’t Wait for a Lower Mortgage Rate – It Could Cost You Today’s housing market is truly one for the record books. Over the past year, we’ve seen the lowest mortgage rates in history. And while those rates seemed to bottom out in January of this year, the golden window of opportunity for buyers isn’t over just yet. If you’re one of the buyers who worry they’ve missed out, rest assured today’s Continue Reading about Don’t Wait for a Lower Mortgage Rate – It Could Cost You
Experts Agree: Homeownership Provides a Path to Long-Term Wealth
Experts Agree: Homeownership Provides a Path to Long-Term Wealth A recent survey from LendingTree.com found there are multiple reasons why Americans would choose to purchase a home instead of renting. Some of the most popular non-financial reasons given include: The flexibility to make the space your own The pride homeownership offers The sense of stability In the same survey, 41% of Continue Reading about Experts Agree: Homeownership Provides a Path to Long-Term Wealth
What’s Causing Today’s Competitive Real Estate Market? [INFOGRAPHIC]
What’s Causing Today’s Competitive Real Estate Market? [INFOGRAPHIC] Some Highlights Today’s strong sellers’ market is the direct result of high demand and low supply. Low mortgage rates and generational trends have created an increased demand for homes. Meanwhile, the slower pace of new home construction and homeowners staying in their homes longer have both led to today’s low supply. If Continue Reading about What’s Causing Today’s Competitive Real Estate Market? [INFOGRAPHIC]
111,285 Reasons You Should Buy a Home This Year
111,285 Reasons You Should Buy a Home This Year The financial benefits of buying a home versus renting one are always up for debate. However, one element of the equation is often ignored – the ability to build wealth as a homeowner. According to the latest research from the National Association of Realtors (NAR): “Homeownership is a key pathway to building wealth and narrowing the racial Continue Reading about 111,285 Reasons You Should Buy a Home This Year
What Do Supply and Demand Tell Us About Today’s Housing Market?
There’s a well-known economic theory – the law of supply and demand – that explains what’s happening with prices in the current real estate market. Put simply, when demand for an item is high, prices rise. When the supply of the item increases, prices fall. Of course, when demand is very high and supply is very low, prices can rise significantly. Understanding the impact both supply and demand Continue Reading about What Do Supply and Demand Tell Us About Today’s Housing Market?
The Main Key To Understanding the Rise in Mortgage Rates
The Main Key To Understanding the Rise in Mortgage Rates Every Thursday, Freddie Mac releases the results of their Primary Mortgage Market Survey which reveals the most recent movement in the 30-year fixed mortgage rate. Last week, the rate was announced as 3.01%. It was the first time in three months that the mortgage rate surpassed 3%. In a press release accompanying the survey, Sam Khater, Continue Reading about The Main Key To Understanding the Rise in Mortgage Rates
