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Uncategorized Certain experts predict that mortgage rates could drop to below 6% later this year. There’s a lot of confusion in the market about what’s happening with day-to-day movement in mortgage rates right now, but here’s what you really need to know: compared to the near 8% peak last fall, mortgage rates have trended down overall. And if you’re looking to buy or sell a home, this is a big deal. While they’re going to continue […]
Uncategorized Prepare your house now for a spring listing.       As spring approaches and the real estate market gears up for its busiest time of year, it’s the ideal moment to prepare your house for sale. Ensuring your home stands out among the competition is crucial. Here are some valuable tips to help you get your house market-ready.  Declutter and Organize Before […]
Uncategorized Avoid being misled by the latest home price headlines.   Amidst concerns over falling home prices in the news, it’s crucial to consider the complete picture. Contrary to sensational headlines, the national data for 2023 reveals positive growth in home prices over the year. While fluctuations occurred in some months, these were exceptions rather than the rule. Overall, the trend demonstrates an upward trajectory […]
Uncategorized The significance of pre-approval has been heightened this year. On the road to becoming a homeowner? If so, you may have heard the term pre-approval get tossed around. Let’s break down what it is and why it’s important if you’re looking to buy a home in 2024. What Pre-Approval Is As part of the homebuying process, your lender will look at your finances to […]
Uncategorized Two elements that influence mortgage rates are…   If you’re in the market to purchase a home, you’ve likely been monitoring mortgage rates closely, especially considering their fluctuation in recent years, from reaching record lows to experiencing significant rises and now gradually decreasing again. But what exactly drives these shifts? Understanding the dynamics behind mortgage rates is complex due to the multitude […]
Uncategorized Are an increasing number of homeowners putting their homes on the market in response to the decrease in mortgage rates? If you’re looking to buy a home, the recent downward trend in mortgage rates is good news because it helps with affordability. But there’s another way this benefits you – it may inspire more homeowners to put their houses up for sale. The Mortgage Rate Lock-In Effect Over the past year, one factor that’s really […]
Uncategorized Homeownership Is Still at the Heart of the American Dream Buying a home is a powerful decision, and it remains at the heart of the American Dream. Unlike renting, owning a home means more than just having a place to live – it offers a sense of belonging, stability, and freedom. According to Nicole Bachaud, Senior Economist at Zillow: “The American Dream is still owning […]
Uncategorized How Pre-Approval Can Transform Your Homebuying Experience     If you’re contemplating the prospect of purchasing a home, obtaining pre-approval is a crucial step that should not be overlooked. Before you envision yourself in a new living space or picture enjoying meals on your future all-season patio, it’s imperative to collaborate with a reliable lender and prioritize this essential phase. Here’s why. […]
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Uncategorized Steer clear of these prevalent errors following the submission of your mortgage application.   If you’re getting ready to buy a home, it’s exciting to jump a few steps ahead and think about moving in and making it your own. But before you get too far down the emotional path, there are some key things to keep in mind after you apply for your mortgage and before you close. Here’s a list of […]
Uncategorized Utilize the equity in your home to achieve your objectives and aspirations.   For homeowners with a residence owned for a minimum of a few years, delving into the concept of home equity becomes crucial. As per Freddie Mac’s definition, home equity is the disparity between your home’s current value and the outstanding mortgage amount. This equity grows as mortgage payments are made over time and as […]
Uncategorized Prepare to purchase a home by enhancing your credit score. With the approaching new year, the prospect of purchasing a home may be on your mind—an exciting goal that warrants early preparation. Building a robust credit score is a crucial step in readying yourself for homeownership. Lenders scrutinize your credit to gauge your payment reliability and debt repayment capability, impacting your mortgage rate. As highlighted […]
Uncategorized Three graphs that demonstrate the stability or upward trajectory of home prices. Data shows home prices are not falling Late last year, some housing experts projected a 2023 crash in home prices. The media hyped up these forecasts with doom and gloom headlines. This made some people put their plans to move on hold for fear home values would come tumbling down like they did in 2008. […]
Uncategorized After purchasing a home, the perfect one might be the one you refine and perfect to suit your preferences. In the current real estate landscape marked by elevated mortgage rates and soaring home prices compared to the previous year, potential buyers face significant challenges. The scarcity of available homes further compounds the situation, presenting two major hurdles for aspiring homeowners. However, despite these obstacles, there are effective strategies to overcome them and turn the […]
Uncategorized Are you thinking about the Top 3 Housing Market Questions? In the current housing market landscape, confusion abounds as disparate information from various sources leaves individuals contemplating a move with lingering questions. Navigating this uncertainty is where the guidance of a reliable local real estate agent proves invaluable. The prevailing inquiries about today’s housing market revolve around three key aspects, each accompanied by pertinent data: […]
Uncategorized Is Owning a Home Still the American Dream for Younger Buyers?   In a recent Bankrate survey, the American Dream’s diverse definitions became evident, with owning a home taking precedence over retirement, career success, and obtaining a college degree. The significance of homeownership remains robust, challenging assumptions about its appeal to younger generations. A survey by 1000watt delves into the sentiments of Gen Z and millennials, […]
Uncategorized The most recent housing market projection for 2024.   The new year is right around the corner, and you might be wondering if 2024 will be the right time to buy or sell a home. If you want to make the most informed decision possible, it’s important to know what the experts have to say about what’s ahead for the housing market. Spoiler alert: the projections […]
Uncategorized Life-Changing Events That Influence the Real Estate Market Life unfolds through unexpected twists and turns, marked by significant milestones such as the joy of welcoming a new family member, the prospect of retirement leading to new adventures, or the mixed emotions of an empty nest. If you find yourself amidst these transformative moments, the consideration of buying or selling a house may be […]
Uncategorized The net worth of homeowners has experienced a significant surge. If you’re in the process of deliberating between renting and buying a home, consider a crucial piece of information that might boost your decision-making confidence. Every three years, the Federal Reserve Board publishes the Survey of Consumer Finances (SCF), which investigates disparities in net worth between homeowners and renters. Here’s the revelation: the difference between […]
Uncategorized Here are some compelling reasons to consider selling your house before the arrival of the new year.   As the year winds down, you may have decided it’s time to make a move and put your house on the market. But should you sell now or wait until January? While it may be tempting to hold off until after the holidays, here are three reasons to make your move before the new […]
Uncategorized Are grandparents relocating to live nearer to their grandchildren? Amidst the pandemic, numerous individuals maintained physical distance from their loved ones due to health concerns. Grandparents were especially advised to refrain from visiting their grandchildren, particularly as schools reopened, owing to the potential risk of their young ones contracting illnesses from the school environment. With the pandemic now behind us, there is a growing […]