Monthly Archives: March 2024
Has Home Buying Become More Accessible?
One of the biggest hurdles buyers have faced in recent years is the lack of homes for sale. But things are starting to change. The chart below uses the latest data from Realtor.com to show that there will be more homes on the market in 2024 than in recent years (2021-2023). Does That Mean Finding... Read More
Single Women Embrace Homeownership
In today’s real estate market, more and more single women are becoming homeowners. According to the National Association of Realtors (NAR), 19% of all home buyers are single women, compared to just 10% of single men. If you’re a single woman looking to buy a home for the first time, this can be encouraging. This... Read More
Current Updates on Mortgage Rates
The latest headlines may have you wondering what’s next for mortgages. You may have already heard that there will be an interest rate cut this year. This has to do with the Federal Reserve (FED) and what they do with the federal funds rate. While the Fed’s interest rate cuts do not directly drive mortgage... Read More
Key Insights on Closing Costs for Homebuyers
Before committing to purchasing a home, it’s crucial to consider all the expenses you’ll need to cover. While focusing on saving for the down payment, it’s essential not to overlook planning for closing costs as well. Here is valuable insight into understanding the nature of these expenses and estimating the appropriate budget for them. What... Read More
Spring Housing Market: Insights from Industry Experts
If you’re planning to move soon, you’re probably wondering if there are too many homes to choose from, where prices and mortgage rates are headed, and how to navigate the current market. So what do the pros have to say about what to expect this season? Odeta Kushi, Deputy Chief Economist, First American: “. . . it... Read More
Is it Sensible to Purchase a Home at this Moment?
Are you thinking of buying a house? So should you buy it now or wait? No one can make the decision for you, but here are some tips to help you decide: What will happen to housing prices in the future? Each quarter, Fannie Mae and Pulsenomics release the results of their Home Price Expectations... Read More
Today’s Homeowners Have Choices to Prevent Foreclosure
Even as more recent data becomes available, experts agree that a major bankruptcy crisis like the one in 2008 is unlikely. While the headlines focus on the recent slight increase in foreclosure filings, the big picture is that the numbers are still lower than what we see in a typical year for the housing market.... Read More
Crafting Your Most Compelling Home Offer: 4 Expert Tips
Thinking of buying a home soon? If so, you should know that the current market is very competitive in many areas, as the number of homes for sale is still low and this results in many offer scenarios. It is expected to rise further due to the peak home buying season this spring.To make the... Read More