Renting can feel much less expensive and much simpler than buying a home, especially right now. No repairs, no property taxes, no worrying about mortgage rates – you just pay the bill and move on with your life. But here’s the part people don’t talk about enough: renting doesn’t help you build your financial future.Continue reading “Why Buying a Home Still Pays Off in the Long Run”
Tag Archives: homeownership
The 3 Housing Market Questions Coming Up at Every Gathering This Season
In the current housing market, there are more homes for sale, improving buyer options and affordability due to easing mortgage rates and moderated price growth. Experts suggest that waiting for prices to drop may not be wise. Understanding these trends can help potential buyers make informed decisions about their home purchase.
What a Government Shutdown Really Means for the Housing Market
A government shutdown does not halt the housing market. While some processes may experience delays, such as loans and flood insurance, homes continue to be bought and sold. Historically, sales activity may dip slightly during a shutdown but rebounds quickly once operations resume, creating potential opportunities for buyers and sellers.
Is the Housing Market Going to Crash? Here’s What Experts Say
Current data suggests that home prices will not crash but continue to rise nationally over the next five years. Experts predict a 15% increase overall, with even the most pessimistic forecasts indicating a 5% rise. Supply shortages are maintaining upward pressure on prices, leading to stable, long-term appreciation.
Why Buyers and Sellers Face Very Different Conditions Today
The housing market is currently divided by state. Some areas favor buyers with increased inventory, while others benefit sellers due to low stock. Home prices and selling times reflect this divide, influencing market dynamics. Understanding local conditions is crucial, as they vary significantly. Consult a local agent for tailored insights.
Why October is the Best Time to Buy a Home in 2025
October 2025 is projected to be the best time for homebuyers, with optimal conditions including increased inventory and reduced competition. Realtor.com highlights this month as a rare chance for buyers to negotiate effectively. Local timing may vary, so prospective buyers should consult agents to prepare for peak buying opportunities.
Should You Still Expect a Bidding War?
Concerns about bidding wars in home buying are easing as only 20% of homes received multiple offers in June 2025, down from 39% a year prior. Local market conditions vary, with some regions still experiencing higher competition. Additionally, many sellers are offering concessions, giving buyers increased negotiating power.
The Truth About Down Payments (It’s Not What You Think)
Many prospective homebuyers feel intimidated by down payment requirements, often believing they need a large sum saved. However, statistics show typical down payments are much lower, potentially starting at 3.5%. Numerous assistance programs exist to help buyers. With the right information and support, homeownership may be more attainable than imagined.
What Credit Score Do You Really Need To Buy a Home?
Many homebuyers mistakenly believe they need higher credit scores than required to obtain a mortgage. There’s no universal credit score threshold; each lender assesses risk differently. Improving your credit can lead to better loan terms. Talking to a trusted lender can clarify your options and help you understand your credit standing.
What Every Homeowner Needs to Know in Today’s Shifting Market
Here’s something you need to know. The housing market is getting back to a healthier, more normal place. And even though it may not sound like it, this shift is actually a good thing. It’s what you should expect. It’s just that our expectations have been skewed by the intense seller’s market over the pastContinue reading “What Every Homeowner Needs to Know in Today’s Shifting Market”
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