Experts Agree: Options Are Improving for Buyers [INFOGRAPHIC] Some Highlights Buyers hoping for more homes to choose from may be in luck as housing inventory begins to rise. Many experts agree – new sellers listing their homes is great news for buyers and the overall market.Although the supply increases are modest, more homes means more options for buyers. A rise in inventory may also help Continue Reading about Experts Agree: Options Are Improving for Homebuyers
Buying a Home
The Unknown Truths Young Homebuyers Need To Hear
The Unknown Truths Young Homebuyers Need To Hear For many first-time or young homebuyers, purchasing a home can feel intimidating. A recent survey shows some homebuyers ages 25 to 40 may be unsure about the homebuying process and what they can afford. It found: “1 in 4 underestimated their buying potential by $150k or more”“1 in 4 underestimated the increase in value by $100k or Continue Reading about The Unknown Truths Young Homebuyers Need To Hear
Builders Ramp Up New Construction Based on Demand
Home Builders Ramp Up Construction Based on Demand The need for new construction: If you’re thinking of buying a home, there really is no time like the present. With today’s low mortgage rates, you have a great opportunity to get more home for your money. The challenge is inventory. Like you, many buyers want to capitalize on these market conditions, and it’s leading to more buyer competition Continue Reading about Builders Ramp Up New Construction Based on Demand
Mortgage Rate and Your Homebuying Budget
How a Change in Mortgage Rate Impacts Your Homebuying Budget Mortgage Rate and Your Homebuying Budget Mortgage rates are on the rise this year, but they’re still incredibly low compared to the historic average. However, anytime there’s a change in the mortgage rate, it affects what you can afford to borrow when you’re buying a home. As Sam Khater, Chief Continue Reading about Mortgage Rate and Your Homebuying Budget
What To Expect as Appraisal Gaps Grow
What To Expect as Appraisal Gaps Grow What is an appraisal gap? In today’s real estate market, low inventory and high demand are driving up home prices. As many as 54% of homes are getting offers over the listing price, based on the latest Realtors Confidence Index from the National Association of Realtors (NAR). Shawn Telford, Chief Appraiser at CoreLogic, elaborates: “The frequency of Continue Reading about What To Expect as Appraisal Gaps Grow
Homebuyers: Hang in There [INFOGRAPHIC]
Homebuyers: Hang in There [INFOGRAPHIC] Some Highlights Today’s sellers’ market provides unique challenges—and benefits—for buyers.Current low interest rates won’t last forever, and home prices are forecast to rise.If you’re a homebuyer, hang in there. Homeownership improves your quality of life, and the long-term benefits outweigh the short-term Continue Reading about Homebuyers: Hang in There [INFOGRAPHIC]
Pre-Approval Makes a Huge Difference When Buying a Home
Pre-Approval Makes All the Difference When Buying a Home You may have been told that it’s important to get a pre-approval at the beginning of the homebuying process, but what does that really mean, and why is it so important? Especially in today’s market, with rising home prices and high buyer competition, it’s crucial to have a clear understanding of your budget so you stand out to sellers Continue Reading about Pre-Approval Makes a Huge Difference When Buying a Home
5 Things Homebuyers Need To Know When Making an Offer
5 Things Homebuyers Need To Know When Making an Offer When it comes to buying a house, you’re looking for the perfect place to call home. The problem is, in today’s market there just aren’t that many homes available to purchase. With inventory hovering near record lows and sky-high buyer demand, a multi-offer scenario is the new normal. Here are five things to keep in mind when Continue Reading about 5 Things Homebuyers Need To Know When Making an Offer
