Experts anticipate a steady housing market through 2027, with mortgage rates remaining near current levels and home prices increasing modestly by roughly 1% to 1.5% annually. Rather than waiting for major changes, buyers and sellers should focus on personal goals, local market conditions, credit, loan options, and affordability when planning a move.
Tag Archives: own a home
Credit Scoring Is Changing: 3 Things Homebuyers Should Know
Many consumers overestimate the credit score needed to qualify for a mortgage, with average guesses around 652, while it’s actually 620 or even lower with new score models. The mortgage industry is evolving, using new models like FICO 10T and VantageScore 4.0. Consulting a loan officer can clarify requirements.
Want a More Affordable Home? Don’t Overlook Condos.
First-time homebuyers often envision traditional houses, but rising prices can make this challenging. Condos offer a more affordable option, typically costing less than single-family homes. Many markets show significant price gaps favoring condos, making them a viable alternative. Exploring these options can help potential buyers enter the market more easily.
The Market Changed. Your Reason for Moving Didn’t.
Many individuals hesitate to move due to hopes of better market conditions, but key life changes often necessitate a move, regardless of the market. With an increasing number of homes for sale, waiting may prolong discomfort. It’s crucial to evaluate whether your current situation meets your needs, as life’s circumstances continually evolve.
Worried About a Housing Crash? The Numbers Tell a Calmer Story.
A recent Talker Research survey showed that Americans describe 2026 as “stressful.” Despite this, the housing market has stabilized with steady home prices, consistent inventory, and stable mortgage rates between 6% and 7%. This predictability allows buyers and sellers to navigate the market confidently, signaling a healthy housing environment.
Who Has the Upper Hand in Today’s Housing Market?
The current housing market varies widely, with some areas favoring buyers and others still benefiting sellers. The months’ supply of homes determines leverage, with a national average of 4.6 months, indicating balance. Local expertise is crucial as experiences differ greatly, making personalized strategies essential for effective buying or selling.
Thinking About Waiting for Lower Mortgage Rates? Read This First.
Many potential homebuyers are postponing purchases, hoping mortgage rates will drop significantly, but experts predict rates will remain stable in the low-to-mid 6% range through mid-2027 due to inflation and economic factors. Alternatives exist, such as exploring newly built homes, adjustable-rate mortgages, and mortgage rate buydowns to improve affordability.
Here’s Where to Start if You’re Selling and Buying at the Same Time
Homeowners face a crucial decision when moving: sell their current home before purchasing a new one, or vice versa. Selling first typically offers advantages, such as avoiding dual mortgage payments and accessing equity to fund the next purchase. While there are trade-offs, careful planning can mitigate risks. Consult with a real estate expert for guidance.
14 Years Running: Why Real Estate Is Still America’s Favorite Investment
For 14 consecutive years, real estate has been deemed the best long-term investment by Americans, surpassing stocks, gold, and bonds. Recent data shows rising confidence in homeownership, with more people valuing it for stability and wealth-building. A home is not just an asset; it’s also a personal investment in lifestyle and community.
More Homes, Better Prices: A Buyer’s Summer
This summer, home buying conditions are improving with lower asking prices and an increase in available listings. The national median asking price dropped to $430,000, marking a shift towards more balanced market conditions. Buyers, particularly first-timers, now face less competition and more negotiating power, making it a favorable time to search for homes.
