Since the 2008 housing bubble burst, the word recession strikes a stronger emotional chord than it ever did before. And while there’s some debate around whether we’re officially in a recession right now, the good news is experts say a recession today would likely be mild and the economy would rebound quickly. As the 2022 CEO Outlook from KPMG says: “Global CEOs see a ‘mild and short’ recession, yet optimistic about global economy over 3-year...
Some Highlights When you head out to buy a home, there are a number of key milestones you’ll encounter along the way. The process includes everything from building your team and understanding your finances to going house hunting, making an offer, and more. Your journey starts here. Let’s connect so you have expert guidance each step of the way.
The Cost of Waiting for Mortgage Rates To Go Down Mortgage rates have increased significantly in recent weeks. And that may mean you have questions about what this means for you if you’re planning to buy a home. Here’s some information that can help you make an informed decision when you set your homebuying plans. The Impact of Rising Mortgage Rates As mortgage rates rise, they impact your purchasing power by raising the cost of buying a...
It’s clear the 2022 housing market has been defined by rising mortgage rates. With rates on the rise, it’s also become more costly to purchase a home. According to the National Association of Realtors (NAR): “Compared to one year ago, the monthly mortgage payment rose to $1,944 from $1,265, an increase of 53.7%.” If you’re thinking of buying a home or have been trying to recently, that’s a big increase in a monthly mortgage payment – and it may...
If you’ve been thinking of buying a home, you may have been watching what’s happened with mortgage rates over the past year. It’s true they’ve risen dramatically, but where will they go from here, especially as the market continues to slow? As you think about your homeownership goals and decide if now’s the time to make your move, the best place to turn to for that information is the professionals. Here’s a summary of the latest...
Between inflation, increased prices, and rising interest rates from the Federal Reserve, it can sound like doom and gloom is waiting for anyone searching for a new home these days. It has left a lot of homeowners asking, should you buy a home now or “wait it out” for a better rate? A look into the past and a quick projection into the future will show you, there’s a smart choice to be made right...
As rent prices continue to soar, many renters want to know what they can do to get ready to buy their first home. According to recent data from ApartmentList.com: “The first half of 2021 has seen the fastest growth in rent prices since the start of our estimates in 2017. Our national rent index has increased by 11.4 percent since January . . . .” Those rising rental costs may make it seem impossible to prepare for homeownership...
With mortgage rates at historic lows and homes that are more affordable than they have been in decades, many first-time homebuyers feel that this is the perfect time to join in the real estate market. Although buying a home should be exciting, it often comes with unexpected financial obstacles. The following are four common mistakes that homebuyers make, along with tips for how to avoid them, according to a recent article by Equifax: Buyers...
As the housing market begins to heat up, some homeowners will inevitably try to take matters in to their own hands and sell their house as a For Sale by Owner (FSBO). In todayas unpredictable market, however, homebuyers need an experienced professional on their side. Itas a proven fact that hiring a talented negotiator could save thousands of dollars. In each step of the homebuying experience, it helps to have someone who can keep a...
Just as the flowers begin to blossom here in Metro Atlanta, home values are rising, according to a recent report by Zillow.com. This is perfect timing for the city's busy selling season. aThe housing market recovery has continued to gain momentum over the past several months and looks firmly entrenched as we enter the 2013 spring home shopping season,a according to Zillow Chief Economist Stan Humphries. Atlanta's average home value rose 4.1 percent to $117,500 in February, up 4.1...
