What’s Happening with Mortgage Rates, and Where Will They Go from Here?

By Posted on 3 min read 434 views

Based on the Primary Mortgage Market Survey from Freddie Mac, the average 30-year fixed-rate mortgage has increased by 1.2% (3.22% to 4.42%) since January of this year. Here’s a visual to show how mortgage rate movement throughout 2021 was steady compared to the rapid increase in mortgage rates this year: Just a few months ago, Freddie Mac projected mortgage rates would average 3.6% in 2022. Earlier this month, Fannie Mae forecast mortgage rates would average 3.8% in 2022. As the …

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The Best Week to List Your House is Just Around the Corner

By Posted on 2 min read 313 views

Are you thinking about selling your house? If so, you may want to make it a priority to start the process soon. According to realtor.com, the sweet spot for sellers is just around the corner. In a recent study, experts analyzed housing market trends by looking at data from the past several years (excluding 2020, since it was an atypical year). When applied to the current market, experts determined the ideal …

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Are You Wondering if This is the Year to Buy a Home?

By Posted on 2 min read 348 views

Every year, many renters ask themselves the same question: Should I continue renting, or is it time to buy a home? If you’re a renter, chances are you’ve asked yourself that question at least once, and it’s likely because you’ve faced an increase in your monthly housing costs over time. After all, according to Census data, rents have risen consistently for decades. To make an informed and powerful decision, the first …

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This Spring Presents Sellers with a Golden Opportunity

By Posted on 3 min read 301 views

If you’re thinking of selling your house this year, timing is crucial. After all, you’ll want to balance getting the most out of the sale of your current home and making the best investment when you buy your next one. If that’s the case, you should know – you may be able to get the best of both worlds today. Here are four reasons why this spring may be your golden …

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Key Factors That Impact Affordability Today

By Posted on 2 min read 344 views

You can’t read an article about residential real estate without the author mentioning the affordability challenges that today’s buyers face. There’s no doubt homes are less affordable today than they were over the last two years, but that doesn’t mean homes are now unaffordable. There are three measures used to establish home affordability: home prices, mortgage rates, and wages. Let’s look closely at each of these components. 1. Home Prices The …

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Are Home Prices Continuing to Rise?

By Posted on 2 min read 612 views

Many analysts projected home price appreciation would slow dramatically in the fall of 2021 and then continue to soften throughout 2022. So far, that hasn’t happened. The major price indices are all revealing ongoing double-digit price appreciation. Here’s a look at their reports on year-over-year price appreciation for December: Federal Housing Finance Agency (FHFA): 17.6%S&P Case-Shiller: 18.8%CoreLogic: 18.5% To show that they’re not seeing signs of softening, here’s a graph that gives the …

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Listing Click Counter Now Provides Comprehensive Online Activity Reporting for Your Listings

By Posted on 1 min read 291 views

We’ve partnered with ListTrac to provide you a new & improved Listing Click Counter. Keep a pulse on the performance of your listings with metrics captured from major portals such as Zillow, Trulia, Homes.com, and Homesnap, as well as the following metrics from VESTAPLUS™: Listings Viewed– Viewed on Detail ReportsLead Generated– Clicked on ShowingsPlus™Listing Shared– Listing EmailedTagged as Favorite– Client favorited on Client Dashboard Additionally, keep sellers informed with a weekly …

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The Difference Between Renting and Owning

By Posted on 1 min read 326 views

If you’re deciding whether to rent or buy, consider the many financial benefits that come with owning a home. As a renter, you build your landlord’s wealth and face rising costs. As a homeowner, you build your own net worth and can lock in your monthly payments for the length of your loan. If you’re weighing your options, remember that owning a home is a decision that has considerable financial perks. …

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Real Estate Voted Best Investment 8 Years in a Row

By Posted on 2 min read 375 views

In an annual Gallup poll, Americans chose real estate as the best long-term investment. And it’s not the first time it’s topped the list, either. Real estate has been on a winning streak for the past eight years, consistently gaining traction as the best long-term investment (see graph below): If you’re thinking about purchasing a home this year, this poll should reassure you. Even when inflation is rising like it is …

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