Mortgage rates have fallen, presenting an opportunity for homeowners to sell and move. The decline means being less locked into current rates and more affordable relocation. Lower rates also entice more buyers into the market, increasing demand for homes. This trend suggests that now may be the time to consider selling.
Tag Archives: own a home
How to Turn Homeownership into a Side Hustle
To combat rising costs and make homeownership more achievable, especially for younger individuals, two strategies were presented: purchasing and revamping a fixer-upper and buying a house with the intention of renting part of it out. Both these strategies help in not just affordable homeownership but also in building equity and generating income.
Top 3 Housing Market Questions Right Now!
The current housing market is often perceived as uncertain. However, trends suggest that mortgage rates, linked to inflation, may decrease in the near future. Home prices are predicted to continue rising, though at a slower rate. Also, an increase in home sales is anticipated, possibly spurred by lower mortgage rates. Despite past predictions, experts believe a recession is increasingly unlikely. Therefore, the outlook for the housing market in 2024 is generally optimistic.
These Top Cities Show Home Prices Are Still Climbing
Home prices still dominate client conversations – both buyers and sellers! If you’re considering buying a home or selling your current one to find something that better suits your needs, you probably have questions about what’s happening with home prices right now. Here’s what you need to know. There’s still a lot of confusion and misinformation out there. So, noContinue reading “These Top Cities Show Home Prices Are Still Climbing”
Housing Inventory is Low But More Homes Are Coming onto the Market!
Why Is Housing Inventory So Low? So today we’ll address this frustrating dichotomy – ongoing low inventory even though more homes are coming on the market at a time of year when inventory usually drops even more! For buyers new to the market, one question that’s top of mind if you’re thinking about making a move todayContinue reading “Housing Inventory is Low But More Homes Are Coming onto the Market!”
Is Homeownership the #1 American Dream? If So, Why Pursue It?
Everyone’s interpretation of the American Dream is unique and personal. But, for many people, it’s tied to a sense of success, freedom, and prosperity. These are all things that owning a home can help provide. A recent survey from Bankrate asked respondents which achievements they feel most embody the American Dream. The responses prove owningContinue reading “Is Homeownership the #1 American Dream? If So, Why Pursue It?”
Saving for a Down Payment? Here’s What You Need To Know.
If you’re planning to buy your first home, then you’re probably focused on saving for all the costs involved in such a big purchase. One of the expenses that may be at the top of your mind is your down payment. If you’re intimidated by how much you need to save for that, it mayContinue reading “Saving for a Down Payment? Here’s What You Need To Know.”
Oops! Home Prices Didn’t Crash After All!
During the fourth quarter of last year, many housing experts predicted home prices were going to crash this year. Here are a few of those forecasts: Jeremy Siegel, Russell E. Palmer Professor Emeritus of Finance at the Wharton School of Business: “I expect housing prices fall 10% to 15%, and the housing prices are acceleratingContinue reading “Oops! Home Prices Didn’t Crash After All!”
Higher interest and inflation rates… Buy or Rent?
Are you wondering if buying makes more sense than renting especially in a time where both mortgage interest rates and inflation rates have increased significantly? Rents have continued to climb upwards since 1988 according to the census reports. Rents are much higher today than they were several years ago. Rents continue to increase and thereContinue reading “Higher interest and inflation rates… Buy or Rent?”
Why Buying a Home Makes More Sense Than Renting Today
Wondering if you should continue renting or if you should buy a home this year? If so, consider this. Rental affordability is still a challenge and has been for years. That’s because, historically, rents trend up over time. Data from the Census shows rents have been climbing pretty steadily since 1988. And, data from theContinue reading “Why Buying a Home Makes More Sense Than Renting Today”
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