What You Actually Need To Know About the Number of Foreclosures in Today’s Housing Market

Kevin Brierton – 5.12.2022 While you may have seen recent stories about the volume of foreclosures today, context is important. During the pandemic, many homeowners were able to pause their mortgage payments using the forbearance program. The goal was to help homeowners financially during the uncertainty created by the health crisis. When the forbearance program…

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TWO WAYS THE FEDERAL RESERVE IMPACTS MORTGAGE RATES

TWO WAYS THE FEDERAL RESERVE IMPACTS MORTGAGE RATES – 5.10.2022 1- THE FED IMPACTS FIXED-RATE MORTGAGES BY BUYING AND SELLING MORTGAGE BONDS. Interest rates on fixed-rate mortgages change whenever the Fed buys or sells mortgage bonds, and whenever the Fed makes statements about buying and selling mortgage bonds. Since the pandemic hit the economy in…

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Are There More Homes Coming to the Market?

Kevin Brierton – 5.11.2022 According to a recent survey from the National Association of Realtors (NAR), one of the top challenges buyers face in today’s housing market is finding a home that meets their needs. That’s largely because the inventory of homes for sale is so low today. If you’re looking to buy a home, you may have noticed this yourself. But there is…

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Will Home Prices Fall This Year? Here’s What Experts Say.

Kevin Brierton – 5.10.2022 Many people are wondering: will home prices fall this year? Whether you’re a potential homebuyer, seller, or both, the answer to this question matters for you. Let’s break down what’s happening with home prices, where experts say they’re headed, and how this impacts your homeownership goals. What’s Happening with Home Prices?  Home prices have seen 121 consecutive months of…

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How Today’s Mortgage Rates Impact Your Home Purchase

Kevin Brierton – 5.9.2022 If you’re planning to buy a home, it’s critical to understand the relationship between mortgage rates and your purchasing power. Purchasing power is the amount of home you can afford to buy that’s within your financial reach. Mortgage rates directly impact the monthly payment you’ll have on the home you purchase. So, when…

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Three Tips for First-Time Homebuyers

Kevin Brierton – 5.5.2022 Buying your first home is a major decision and an exciting milestone. Even though it can feel daunting at times, it has the power to change your life for the better. If you’re looking to purchase your first home, you may be wondering what’s happening in the housing market today, how much you need…

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Your House Could Be Closer to List-Ready Than You Think

Kevin Brierton – 5.4.2022 One of the biggest concerns for a homeowner looking to sell is the time they’ll have to put in before listing their house. If that’s the case for you, you should know – your home might be closer to list-ready than you think in today’s housing market. A survey of recent sellers from realtor.com finds that…

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Things That Could Help You Win a Bidding War on a Home

Kevin Brierton – 5.3.2022 With a limited number of homes for sale today and so many buyers looking to make a purchase before mortgage rates rise further, bidding wars are common. According to the latest report from the National Association of Realtors (NAR), nationwide, homes are getting an average of 4.8 offers per sale. Here’s a look at how that breaks down state-by-state (see map…

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What You Need To Know About Selling in a Sellers’ Market

Kevin Brierton – 4.28.2022 Even if you haven’t been following real estate news, you’ve likely heard about the current sellers’ market. That’s because there’s a lot of talk about how strong market conditions are for people who want to sell their houses. But if you’re thinking about listing your house, you probably want to know: what does being in…

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