Spend about 5 minutes online searching for news about the housing market, and odds are you’ll see something pop up about home prices. You may even stumble onto social media influencers saying we’re headed for a crash. Let’s get you the context you need.The truth is prices are going to vary depending on where you live. But they're not crashing.Here’s what you need to know.The Local Perspective:...
There’s a lot of noise out there right now about investors in the housing market.Some headlines make it sound like big Wall Street firms are buying up everything in sight. And if you’re trying to purchase a home yourself, that can make it feel like the odds are stacked against you.But when you take a closer look at the data, a very different picture starts to come into focus.Most Investors Are Just...
Mortgage rates have been volatile lately. And if you’re thinking about buying a home, that can make it harder to plan. But there are still things you can do to get the best rate possible in today’s market. It starts with having the right information.So, what’s causing the bumps in rates? And what can you do about it? Let’s break it down.Mortgage Rate Volatility Is NormalData from Freddie Mac shows...
Buying your first home is exciting, but it can also be a little nerve-wrecking because it’s something you’ve never done before. And trying to think of everything you need to do can feel like a lot. But here’s the key.You don’t have to figure everything out on your own. And you don’t have to do it all at once. Just tackle it one thing at a time.Here’s a simple list of 3 main things you should...
Foreclosures are ticking up. And that may make your mind jump straight to thoughts of 2008 – specifically to what happened to the market during the housing crash. So, let’s do exactly what your brain already wants to do, and see if there’s any connection there.The simple truth is foreclosure filings are rising. But they’re nowhere near crisis levels. And that’s not where they’re headed either....
Online searches for “can’t sell house” just hit an all-time high according to Google Trends. So, if your house has been sitting on the market without any bites, you’re not the only one. But it's also not the end of the road. Homes are selling every day, so you can turn this around. You just need to take another look at your approach.If you’re feeling this pain, know this: an online search...
Mortgage rates have already dropped into the upper 5s twice this year. But after just a few days, they ticked back up into the low 6% range. If you saw that and thought, “Great. I missed it,” you’re not the only one.A lot of buyers are treating the 5s like some kind of magic number. As if moving from 6.1% to 5.99% suddenly changes everything. And from a mindset perspective, it does feel different.But...
You’ve probably seen posts on social media talking about how “home prices are falling.” And when you see something like that, it’s normal to wonder:Is this the start of a crash?What does this mean for my house?Let’s clear this up right away. This is not a crash. And your home is not suddenly losing a lot of value.The National Story – Prices Are Still Going UpHere’s what often gets left out of...
What if you didn’t have a mortgage payment on your next house? It may sound a little unrealistic. But for a number of homeowners, it’s actually doable.Nearly 3 in 10 homes purchased today are bought in cash, according to the National Association of Realtors (NAR). That’s far more than the pre-pandemic norm (see graph below):So, how are so many buyers pulling that off? The answer is simple: home...
Let’s be clear: selling your house is absolutely possible right now. According to the National Association of Realtors (NAR), roughly 11k homes sell every day in this country.And the sellers who are making their moves happen all have one thing in common: they’ve adjusted their strategy to match today’s market. They’re realizing inventory has grown. Homebuyers are more selective. And buyer...
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