Think Twice Before Waiting for 3% Mortgage Rates

By Posted on 2 min read 150 views

Last year, the Federal Reserve took action to try to bring down inflation. In response to those efforts, mortgage rates jumped up rapidly from the record lows we saw in 2021, peaking at just over 7% last October. Hopeful buyers experienced a hit to their purchasing power as a result, and some decided to press pause on their plans. Today, the rate of inflation is starting to drop. And as a result, mortgage rates have dipped below last …


What Experts Are Saying About the 2023 Housing Market

By Posted on 2 min read 331 views

If you’re thinking about buying or selling a home soon, you probably want to know what you can expect from the housing market this year. In 2022, the market underwent a major shift as economic uncertainty and higher mortgage rates reduced buyer demand, slowed the pace of home sales, and moderated home prices. But what about 2023? An article from HousingWire offers this perspective: “The red-hot housing market of the past 2 ½ years …


Planning To Sell Your House? It’s Critical To Hire a Pro.

By Posted on 3 min read 243 views

With higher mortgage rates and moderating buyer demand, conditions in the housing market are different today. And if you’re thinking of selling your house, it’s important to understand how the market has changed and what that means for you. The best way to make sure you’re in the know is to work with a trusted housing market expert. Here are five reasons working with a professional can ensure you’ll get the …


Mortgage Rates Are Dropping. What Does That Mean for You?

By Posted on 2 min read 225 views

Mortgage rates have been a hot topic in the housing market over the past 12 months. Compared to the beginning of 2022, rates have risen dramatically. Now they’re dropping, and that has to do with everything happening in the economy. Nadia Evangelou, Senior Economist and Director of Forecasting at the National Association of Realtors (NAR), explains it well by saying: “Mortgage rates dropped even further this week as two main factors …


What Every Seller Should Know About Home Prices

By Posted on 2 min read 246 views

If you’re trying to decide whether or not to sell your house, recent headlines about home prices may be top of mind. And if those stories have you wondering what that means for your home’s value, here’s what you really need to know. What’s Really Happening with Home Prices? It’s possible you’ve seen news stories mentioning a drop in home values or home price depreciation, but it’s important to remember those …


Homeownership Is an Investment in Your Future

By Posted on 2 min read 183 views

There are many people thinking about buying a home, but with everything affecting the economy, some are wondering if it’s a smart decision to buy now or if it makes more sense to wait it out. As Bob Broeksmit, President and CEO of the Mortgage Bankers Association (MBA), explains: “The desire for homeownership is strong. Many prospective buyers are waiting for the volatility in mortgage rates to subside, as well as …


Key Advantages of Buying a Home Today

By Posted on 3 min read 552 views

There’s no doubt buying a home today is different than it was over the past couple of years, and the shift in the market has led to advantages for buyers today. Right now, there are specific reasons that make this housing market attractive for those who’ve thought about buying but have sidelined their search due to rising mortgage rates. Buying a home in any market is a personal decision, and the …


What’s Going on with Home Prices? Ask a Professional.

By Posted on 2 min read 261 views

If you’re thinking about buying or selling a home this year, you may have questions about what’s happening with home prices today as the market cools. In the simplest sense, nationally, experts don’t expect prices to come crashing down, but the level of home price moderation will depend on factors like supply and demand in each local market. That means, moving forward, home price appreciation will continue to vary by location, …


The Biggest Questions Clients Are Asking This Holiday Season – and Free Slides to Answer Them

By Posted on 6 min read 163 views

‘Tis the season for friendly gatherings, and you know what that means. Everyone is going to be asking you questions about the real estate market. The fact of the matter is, there’s a lot of speculation about what’s happening in housing right now, and everyone’s got an opinion on it. It’s your job to be prepared for that inevitable table talk so you can show (and tell) your sphere what’s really happening in …


Why There Won’t Be a Flood of Foreclosures Coming to the Housing Market

By Posted on 3 min read 158 views

With the rapid shift that’s happened in the housing market this year, some people are raising concerns that we’re destined for a repeat of the crash we saw in 2008. But in truth, there are many key differences between what’s happening today and the bubble in the early 2000s. One of the reasons this isn’t like the last time is the number of foreclosures in the market is much lower now. …