If rising home prices leave you wondering if it makes more sense to rent or buy a home in today’s housing market, consider this. It’s not just home prices that have risen in recent years – rental prices have skyrocketed as well. As a recent article from realtor.com says: “The median rent across the 50 largest US metropolitan areas reached $1,876 in June, a new record level for Realtor.com data for the 16th consecutive month.” That means rising prices will likely impact your housing...
As there’s more and more talk about the real estate market cooling off from the peak frenzy it saw during the pandemic, you may be questioning what that means for your plans to sell your house. If you’re thinking of making a move, you should know the market is still anything but normal. Even though the supply of homes for sale has been growing this year, there’s still a shortage of homes on the market. And that means conditions...
Why Are People Moving Today? Buying a home is a major life decision. That’s true whether you’re purchasing for the first time or selling your house to fuel a move. And if you’re planning to buy a home, you might be hearing about today’s shifting market and wondering what it means for you. While mortgage rates are higher than they were at the start of the year and home prices are rising, you shouldn’t put your plans on hold based solely on...
What’s Causing Ongoing Home Price Appreciation? If you’re thinking about making a move, you probably want to know what’s going to happen to home prices for the rest of the year. While experts say price growth will moderate due to the shifting market, ongoing appreciation is expected. That means home prices won’t fall. Here’s a look at two key reasons experts forecast continued price growth: supply and demand. While Growing, Housing Supply Is Still Low Even though inventory is increasing this year...
Wondering Where You’ll Move if You Sell Your House Today? If you put a pause on your home search because you weren’t sure where you’d go once you sold your house, it might be a good time to get back into the market. That’s because today’s market is undergoing a shift, and the supply of homes for sale is increasing as a result. That means you may have a better chance of finding a home...
Is it Cheaper to Build or Buy a House? Real Estate Experts Weigh In. When individuals or couples go house-hunting, they do it with the goal of finding their dream home. Whether it’s a ranch-style home, a farmhouse-style residence, or a home with a more contemporary and modern feel, personal preferences are a driving factor in the real estate market. It’s these preferences that can push prospective homeowners in two different directions: buying a home...
So many complex steps make up the process of buying a home and settling in. Once the hard work is done, homeowners can relax and enjoy the feeling of owning a new home, while working to make it theirs. Recently, our team talked about home maintenance and advised you on how to keep your home in tip-top shape so you can avoid costly and time-consuming repairs. However, it is just as important to talk about...
There are few moments in your life that will be as monumental as buying a home. Your new home is where you will build a life with your partner and eventually raise a family. That home will bear witness to the many changes that will happen in your life over the coming years, so it’s more important than ever to keep your new investment safe and functional. Amidst all the excitement over closing on...
With the summer months on the horizon and the perfect window for summer vacations fast approaching, families are currently in the midst of planning their ideal getaway where they can relax and enjoy a break from the stresses of everyday life. Yet, while planning their vacations, homeowners might let their home’s security fall by the wayside or give it minimal thought. In truth, having peace of mind regarding your home’s security while on holiday is...
The Top Indicator if You Want To Know Where Mortgage Rates Are Heading Mortgage rates have increased significantly since the beginning of the year. Each Thursday, Freddie Mac releases its Primary Mortgage Market Survey. According to the latest survey, the average 30-year fixed-rate mortgage has risen from 3.22% at the start of the year to 3.55% as of last week. This is important to note because any increase in mortgage rates changes what a purchaser can afford. To...
