There’s no doubt about the fact that the housing market is slowing from the frenzy we saw over the past two years. But what does that mean for you if you’re thinking of selling your house? While home prices are still appreciating in most markets and experts say that will continue, they’re climbing at a slower pace because risingContinue reading “Selling Your House? Your Asking Price Matters More Now Than Ever”
If you’re following the news, chances are you’ve seen or heard some headlines about the housing market that don’t give the full picture. The real estate market is shifting, and when that happens, it can be hard to separate fact from fiction. That’s where a trusted real estate professional comes in. They can help debunkContinue reading “A Real Estate Professional Helps You Separate Fact from Fiction “
Mortgage rates are much higher today than they were at the beginning of the year, and that’s had a clear impact on the housing market. As a result, the market is seeing a shift back toward the range of pre-pandemic levels for buyer demand and home sales. But the transition back toward pre-pandemic levels isn’t aContinue reading “A Window of Opportunity for Homebuyers”
According to a recent survey, more and more Americans are concerned about a possible recession. Those concerns were validated when the Federal Reserve met and confirmed they were strongly committed to bringing down inflation. And, in order to do so, they’d use their tools and influence to slow down the economy. All of this brings upContinue reading “What Does an Economic Slowdown Mean for the Housing Market?”
The city of Woodbury has their own first time homebuyer program. The city provides a low interest loan of up to $30,000 to be applied to closing costs or down payment. The interest on this second mortgage is a below market rate. Interest only payments are due on a monthly basis and the principal balanceContinue reading “WOODBURY FIRST-TIME HOME BUYER PROGRAM “
If you have been watching the housing market at all, you know interest rates have been increasing – quickly! The average 30 year mortgage rate went from about 3.22% in January to about 6% in June, according to Freddie Mac. That is a huge jump but the real question is what does that do toContinue reading “Interest Rates Affect on Your Purchasing Power”
As we look forward to a long, fun-filled July 4 holiday weekend this year, let’s not forget that some very courageous people stepped up on this day to declare their country’s independence from tyrannical rule. In doing so, they together stated: “…We hold these truths to be self-evident, that all men are created equal, thatContinue reading “JULY 4 – 13 Independence Day Facts You Don’t Know!”
Experts in the real estate industry use a number of terms when they talk about what’s happening with home prices. And some of those words sound a bit similar but mean very different things. To help clarify what’s happening with home prices and where experts say they’re going, here’s a look at a few terms you mayContinue reading “Home Price Deceleration Doesn’t Mean Home Price Depreciation “
Americans’ opinion on the value of real estate as an investment is climbing. That’s according to an annual survey from Gallup. Not only is real estate viewed as the best investment for the ninth year in a row, but more Americans selected it than ever before. The graph below shows the results of the survey since Gallup began asking theContinue reading “More Americans Choose Real Estate as the Best Investment Than Ever Before”
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