Monthly Archives: August 2023
Understanding the Relationship Between Housing Inflation and Overall Inflation
With the current economic climate, there’s no doubt that inflation is on everyone’s mind. The Bureau of Labor Statistics (BLS) has been surveying renters and homeowners to measure housing inflation, which is specific to the cost of housing. Interestingly, shelter inflation accounts for about one-third of the overall inflation rate measured by the Consumer Price... Read More
Don’t Be Worried About Selling Your House! The Latest Data Shows Plenty of Buyers Are Still Purchasing Homes Today
If you’re thinking about selling your home, you may be worried about the state of the market with rising mortgage rates. You may think that buyers are holding back from buying a home because of the higher mortgage rates. However, you’ll be surprised to learn that the latest data shows that there are still plenty... Read More
The Real Reason Homeowners Sell Their House
Most homeowners often feel anxious about selling their homes, mainly because it involves taking on a potentially higher mortgage rate. However, the decision to sell one’s home goes beyond finances. In many cases, homeowners decide to sell their homes because of changes in their lives or when they feel their current homes no longer meet... Read More
Why Gen Z is Embracing Homeownership
Generation Z is taking on a new era of homeownership. As the youngest buying generation, they’re eager to put down their own roots and achieve financial independence at an earlier age. According to the latest Home Buyers and Sellers Generational Trends Report from the National Association of Realtors (NAR), 30% of Gen Z buyers transitioned from living... Read More
How Employment and Wages Can Help You Sell Your House in a Resilient Economy
There has been a lot of talk about a potential recession in recent times, but the economy has been far more resilient than some experts initially anticipated. One of the main reasons for this is the robust employment figures and steady wages. These factors are good news for anyone thinking of selling their house, and... Read More
Why Working with a Trusted Real Estate Agent is Essential in Today’s Housing Market
The housing market is constantly evolving, and with the current circumstances, it’s more crucial than ever to have an experienced real estate agent on your side. Whether you are a first-time homebuyer or a seasoned seller, you need an expert who can guide you through each step of the process and provide you with reliable... Read More
Why Adjustable-Rate Mortgages Are Making a Comeback
If you remember the financial crisis of 2008, you may recall how adjustable-rate mortgages, or ARMs, were a big part of the problem. But today, these types of loans are once again gaining popularity among homebuyers. In this blog post, we’ll explore why ARMs are making a comeback and why you shouldn’t be concerned about... Read More
Understanding the National Association of Realtors’ Existing Home Sales Report
The housing market has been a hot topic of conversation over the past year, with record-low mortgage rates and a pandemic that has caused many people to reconsider their living situations. As a result, home prices have been steadily increasing. However, the National Association of Realtors (NAR) will soon release their monthly Existing Home Sales... Read More