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What Past Recessions Tell Us About the Housing Market
What Past Recessions Tell Us About the Housing Market It doesn’t matter if you’re someone who closely follows the economy or not, chances are you’ve heard whispers of an upcoming recession. Economic conditions are determined by a broad range of factors, so rather than explaining them each in depth, let’s lean on the experts and... Read More
What To Expect From the Housing Market in 2023
Moving forward, experts agree it’s still going to be all about inflation. If inflation is high, mortgage rates will be as well. But if inflation continues to fall, mortgage rates will likely respond. While there may be early signs inflation is easing as we round out this year, we’re not out of the woods just yet. Inflation is still something to watch in 2023. Read More
3 Ways You Can Use Your Home Equity
As you weigh your options, especially in the face of inflation and talk of a recession, it’s important to understand your assets and how you can leverage them. Read More
Expert Forecasts on Mortgage Rates
Expert Forecasts on Mortgage Rates If you’ve been thinking of buying a home, you may have been watching what’s happened with mortgage rates over the past year. It’s true they’ve risen dramatically, but where will they go from here, especially as the market continues to slow? As you think about your homeownership goals and decide if... Read More
Is the Housing Market Correcting?
If you're following the news, all of the headlines about conditions in the current housing market may leave you with more questions than answers. Is the boom over? Is the market crashing or correcting? Here’s what you need to know. Read More
What Does the Rest of the Year Hold for the Housing Market?
Inventory, mortgage rates, home prices and more information pertinent to this real estate market. Read More
Why Right Now Is a Once-in-a-Lifetime Opportunity for Sellers
Why Right Now Is a Once-in-a-Lifetime Opportunity for Sellers If you’re thinking about selling your house in 2022, you truly have a once-in-a-lifetime opportunity at your fingertips. When selling anything, you always hope for strong demand for the item coupled with a limited supply. That maximizes your leverage when you’re negotiating the sale. Home sellers are in that exact situation... Read More
Where are mortgage rates heading?
The Top Indicator if You Want To Know Where Mortgage Rates Are Heading Mortgage rates have increased significantly since the beginning of the year. Each Thursday, Freddie Mac releases its Primary Mortgage Market Survey. According to the latest survey, the average 30-year fixed-rate mortgage has risen from 3.22% at the start of the year to 3.55% as of... Read More
Myth buster: down payment for a new home
How much money do you really need? As you set out on your homebuying journey, you likely have a plan in place, and you’re working on saving for your purchase. But do you know how much you actually need for your down payment? If you think you have to put 20% down, you may have... Read More
2022 Housing Market
Expert Insights on the 2022 Housing Market Wondering what’s coming in the year ahead? Here’s a look at what experts expect from the housing market in 2022. Sources used for data: https://www.mba.org/2021-press-releases/october/mba-annual-forecast-purchase-originations-to-increase-9-percent-to-record-173-trillion-in-2022 https://www.cnbc.com/2021/11/23/rising-inflation-hot-housing-market-what-you-need-to-know-about-buying-a-home.html https://blog.firstam.com/economics/why-housing-market-potential-keeps-rising Read More