Monthly Archives: July 2024
Should You Lease Out or Sell Your House?
Deciding whether to lease out or sell your house is a significant decision that can have lasting financial implications. This choice depends on several factors, including your financial goals, market conditions, and personal circumstances. Here, we’ll explore the pros and cons of both options to help you make an informed decision. Leasing Out Your Home... Read More
Common Pitfalls Home Sellers Should Avoid Right Now
Selling a house can be a complex and emotional process. Unfortunately, many sellers make critical mistakes that can delay their sale or reduce the final sale price. Here are the biggest mistakes sellers are making right now and how to avoid them. 1. Overpricing Your House One of the most common mistakes sellers make is... Read More
Are We Facing a Home Price Correction?
Understanding the Current Market Landscape Today’s headlines and news stories about home prices are confusing and make it tough to know what’s really happening. Some say home prices are heading for a correction, but what do the facts say? Well, it helps to start by looking at what a correction means. A market correction is... Read More
The Economic Factors Shaping Mortgage Rates
Understanding how the economy influences mortgage rates is crucial for anyone looking to buy a home. The relationship between these two factors is the reason why many people are closely watching the Federal Reserve’s (the Fed) decisions on the Federal Funds Rate. When the Fed lowers this rate, it tends to put downward pressure on... Read More
Why a Newly Built Home Might Be More Affordable Than You Think
When considering buying a home, many potential homeowners may automatically think of existing homes as the more budget-friendly option. However, current trends suggest that newly built homes might actually be a more economical choice. Here’s why: Reason 1: Lower Median Prices for Newly Built Homes You might be surprised to learn that the median sales... Read More
Why a Foreclosure Surge Is Unlikely
In recent times, there’s been growing speculation about the possibility of another foreclosure wave. However, current data suggests that such concerns may be unfounded. Here’s why a foreclosure wave isn’t likely to happen anytime soon. There Aren’t Many Homeowners Who Are Seriously Behind on Their Mortgages One of the key indicators of potential foreclosure activity... Read More
How High Costs and Remote Work Are Redefining Living Choices
The landscape of the housing market is undergoing significant changes, driven by two major factors: affordability and remote work. Today’s high mortgage rates combined with continually rising home prices mean it’s tough for a lot of people to afford a home right now. As a result, many prospective buyers are seeking out areas where homes... Read More
New Opportunities for Homebuyers in 2024
There’s no arguing that this past year has been difficult for homebuyers. If you’re someone who started the process of searching for a home but put your search on hold because the challenges felt too much to tackle, you’re not alone. A Bright MLS study found that some of the top reasons buyers paused their... Read More