Saturday Strategy
Mortgage FAQ, Did you knows and much more!
What is an Equity Transition Plan & how can it help you?
P.S. Do you know someone looking to buy, sell or refinance a home that needs an Equity Transition plan? We'd love to! You can just text/call me at 480.553.8770.
Why You Don’t Need To Fear the Return of Adjustable-Rate Mortgages
Kevin Brierton – 8.22.2023 If you remember the housing crash back in 2008, you may recall just how popular adjustable-rate mortgages (ARMs) were back then. And after years of being virtually nonexistent, more people are once again using ARMs when buying a home. Let’s break down why that’s happening and why this isn’t cause for…
Why Median Home Sales Price Is Confusing Right Now
Kevin Brierton – 8.21.2023 The National Association of Realtors (NAR) is set to release its most recent Existing Home Sales (EHS) report tomorrow. This monthly release provides information on the volume of sales and price trends for homes that have previously been owned. In the upcoming release, it’ll likely say home prices are down. This may seem a bit confusing, especially…
People Want Less Expensive Homes – And Builders Are Responding
Kevin Brierton – 8.17.2023 In today’s housing market, there are two main affordability challenges impacting buyers: mortgage rates that are higher than they’ve been the past couple of years, and rising home prices caused by low inventory. To overcome those challenges, many people are working with their agents to find less expensive homes. And with newly built homes making up a…
Don’t Expect a Flood of Foreclosures
Kevin Brierton – 8.16.2023 The rising cost of just about everything from groceries to gas right now is leading to speculation that more people won’t be able to afford their mortgage payments. And that’s creating concern that a lot of foreclosures are on the horizon. While it’s true that foreclosure filings have gone up a bit compared…
Equity Is a Game Changer for Homeowners Looking To Sell
Kevin Brierton – 8.15.2023 If you’re a homeowner, you might be torn on whether or not to sell your house right now. Maybe that’s because you don’t want to take on a higher mortgage rate on your next home. If that’s your biggest hurdle, understanding your equity may be exactly what you need to help you feel more comfortable making…
Where Are People Moving Today and Why?
Kevin Brierton – 8.14.2023 Plenty of people are still moving these days. And if you’re thinking of making a move yourself, you may be considering the inventory and affordability challenges in the housing market and wondering what you can do to help offset those. A new report from Gravy Analytics provides insight into where people are searching for homes and what they’re prioritizing most right…
About 11,000 Houses Will Sell Today
Kevin Brierton – 8.10.2023 Some homeowners have been waiting for months to put their house on the market because they don’t think people are buying homes right now. If that’s you, know that even though the housing market has slowed compared to the frenzy of a couple of years ago, it isn’t at a standstill. Contrary to what you may believe,…
The Value of an Agent When Buying Your New Construction Home
Kevin Brierton – 8.9.2023 Buying a new construction home can be an exciting experience. From being the very first owner, to customizing your home’s features, there are a lot of benefits. But navigating the complexities of buying a home that’s under construction can also be a bit overwhelming. This is where a skilled real estate agent can…
There’s Only Half the Inventory of a Normal Housing Market Today
Kevin Brierton – 8.8.2023 Wondering if it still makes sense to sell your house right now? The short answer is, yes. Especially if you consider how few homes there are for sale today. You may have heard inventory is low right now, but you may not fully realize just how low or why that’s a perk when you go…
Four Ways You Can Use Your Home Equity
Kevin Brierton – 8.7.2023 If you’re a homeowner, odds are your equity has grown significantly over the last few years. Equity builds over time as home values grow and as you pay down your home loan. And, since home prices skyrocketed during the ‘unicorn’ years, you’ve likely gained more than you think. According to the latest Equity Insights Report from CoreLogic, the average homeowner…
P.S. Can I count on you to contact me if you hear that a friend, family or coworker is looking to buy, sell or refinance? Call/Text 480.553.8770 - We'd be honored to help them too!