Mortgage rates have fallen by over a full percentage point since Q4 of 2018, settling at near-historic lows. This is big news for buyers looking to get more for their money in the current housing market. Here’s what you need to know about 2019 interest rates.
Read MoreEvery three years, the Federal Reserve conducts its Survey of Consumer Finances. The latest survey data covers 2013-2016. The study revealed that the median net worth of a homeowner is $231,400 – a 15% increase since 2013. At the same time, the median net worth of renters decreased by 5% ($5,200 today compared to $5,500 in 2013).
Read MoreHave you ever been flipping through the channels, only to find yourself binging on HGTV? We’ve all been there, watching entire seasons of real estate reality tv shows like “Property Brothers,” “Fixer Upper,” and “Love It or List It,” all in one sitting.
Read MoreThe current housing landscape presents greater home values, low-interest rates, and high buyer demand. All of these factors point to a strong market that is forecasted to continue throughout the rest of the year. There is, however, one thing that may cause the industry to tap the brakes: an overall lack of housing inventory. Buyer demand naturally increases during the summer months, but the current supply is not keeping up.
Read MoreShifting mid-year trends in the housing market are pointing towards some valuable projections for the rest of the year. If you’re thinking of buying or selling, here are three things to put on your radar:
Read MoreInvestors account for over 10% of all home purchases. That number is only continuing to rise. Who are these investors?
Read MoreSaving for a down payment is often the biggest hurdle for a first-time homebuyer. Depending on where you live, median income, median rents, and home prices all vary. So, we set out to find out how long it would take to save for a down payment in each state.
Read MoreBidding wars are common and expected in a strong seller’s market. This makes sense! A seller’s market is defined as a market in which the inventory of homes for sale cannot satisfy the number of buyers who want to purchase a home.
Read MoreAccording to the National Association of Realtors, total inventory has been growing for six months straight, as has the number of buyers looking to find their dream home. In a market where inventory is increasing, you want to stand out as unique!
Read MoreJust like our clocks this weekend, in the majority of the country, the housing market will soon “spring forward!” Similar to tension in a spring, the lack of inventory available for sale has been holding back the market.
Read MoreAccording to Freddie Mac’s Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at their lowest for 2019. February 2018 was the last time we saw these rates.
Read MoreWhether you are thinking of selling your house or buying a home, today’s real estate headlines can be confusing – perhaps even concerning. What is actually happening with mortgage rates? Are home values dropping or are they just rising at a slower pace? What impact will the economy have on a shifting housing market?
Read MoreInterest rates for a 30-year fixed rate mortgage climbed consistently throughout 2018 until the middle of November. After that point, rates returned to levels that we saw in August to close out the year at 4.55%, according to Freddie Mac’s Primary Mortgage Market Survey.
Read MoreIn today’s market, as home prices rise and a lack of inventory continues, some homeowners may consider trying to sell their homes on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons why this might not be a good idea for most sellers.
Read MoreHere are four great reasons to consider buying a home winter of 2018 instead of waiting.
Read MoreMany homeowners choose to wait until spring to place their homes on the market. While buyer demand tends to increase that time of year, there is something to consider. If everyone believes that this is the best time to sell, then that is when sellers will have the most competition.
Read MoreThe lack of existing inventory for sale has forced many homebuyers to begin looking at new construction. When you buy a newly constructed home instead of an existing home, there are many extra steps that must take place.
Read MoreEvery year at this time there are many homeowners who decide to wait until after the holidays to list their homes for the first time, while others who already have their homes on the market decide to take them off until after the holidays.
Read MoreThere are many questions about where home sales are headed next year. We have gathered the most reliable sources to help shed some light on next year’s projections:
Read MoreThere are many questions about where home prices will be next year as well as where they may be headed over the next several years to come. We have gathered the most reliable sources to help answer these questions:
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