Buyer & Seller Perks in Today’s Housing Market Right now, the housing market is full of outstanding opportunities for both buyers and sellers. Whether you’re thinking of buying your first home, moving up to a bigger one, or selling so you can downsize this spring, there are perks today that are powering big moves for people across the country. Here are the top two to keep on the Continue Reading about Buyer & Seller Perks in Today’s Housing Market
Real Estate
Should We Fear the Surge in Cash-Out Refinances?
Should We Fear the Surge in Cash-Out Refinances? Freddie Mac recently released their Quarterly Refinance Statistics report which covers refinances through 2020. The report explains that the dollar amount of cash-out refinances was greater in 2020 than in recent years. A cash-out refinance, as defined by Investopia, is: “a mortgage refinancing option in Continue Reading about Should We Fear the Surge in Cash-Out Refinances?
Home Renovations: To Renovate or Not To Renovate Before You Sell
Home Renovations: To Renovate or Not To Renovate Before You Sell Are home renovations worth it right now? When thinking about selling, homeowners often feel they need to get their house ready with some remodeling to make it more appealing to buyers. However, with so many buyers competing for available homes right now, renovations may not be as vital as they would be in a more normal market. Continue Reading about Home Renovations: To Renovate or Not To Renovate Before You Sell
Another Housing Crash? 6 Simple Graphs Proving This Is Nothing Like Last Time
6 Simple Graphs Proving This Is Nothing Like Last Time Many are asking the question... are we headed for another housing crash? Last March, many involved in the residential housing industry feared the market would be crushed under the pressure of a once-in-a-lifetime pandemic. Instead, real estate had one of its best years ever. Home sales and prices were both up substantially over the year Continue Reading about Another Housing Crash? 6 Simple Graphs Proving This Is Nothing Like Last Time
Buying a Home Today… How Smart Is It?
How Smart Is It to Buy a Home Today? Is buying a home today a smart move? Whether you’re buying your first home or selling your current house, if your needs are changing and you think you need to move, the decision can be complicated. You may have to take personal or professional considerations into account, and only you can judge what impact those factors should have on your desire to Continue Reading about Buying a Home Today… How Smart Is It?
How Upset Should You Be about 3% Mortgage Rates
How Upset Should You Be about 3% Mortgage Rates? Last Thursday, Freddie Mac announced that their 30-year fixed mortgage rate was over 3% (3.02%) for the first time since last July. That news dominated real estate headlines that day and the next. Articles talked about the “negative impact” it may have on the housing market. However, we should realize two things: 1. The Continue Reading about How Upset Should You Be about 3% Mortgage Rates
Home Prices: What Happened in 2020? What Will Happen This Year?
Home Prices: What Happened in 2020? What Will Happen This Year? The real estate market was on fire during the second half of 2020. Buyer demand was way up, and the supply of homes available for sale hit record lows. The price of anything is determined by the supply and demand ratio, so home prices skyrocketed last year. Dr. Lynn Fisher, Deputy Director of the Federal Housing Continue Reading about Home Prices: What Happened in 2020? What Will Happen This Year?
Home Shortage – Where Have All the Houses Gone?
Where Have All the Houses Gone? In today’s housing market, it seems harder than ever to find a home to buy. Before the health crisis hit us a year ago, there was already a shortage of homes for sale. When many homeowners delayed their plans to sell at the same time that more buyers aimed to take advantage of record-low mortgage rates and purchase a home, housing inventory dropped even Continue Reading about Home Shortage – Where Have All the Houses Gone?
