Posts Tagged ‘Homes’
The Real Impact of Unemployment on Mortgage Rates in 2024
If you’re waiting for mortgage rates to come down, you want to be paying attention to what is happening with inflation and the economy. Unfortunately, figuring out where the economy is heading in 2024 is not an easy task. We’ve been saying for a while that mortgage rates will start making meaningful progress lower once…
Read MoreReverse mortgage – 10 Things Reverse Mortgage
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Read MoreWhy Aren’t Home Prices Falling as Inventory Rises?
Kevin Brierton – 2.4.2024 2024 is shaping up to be a year of solid home appreciation following the numbers that are coming in from last year. Recent reports from CoreLogic and Redfin confirm that home prices rose in 2023 despite rough homebuying conditions. Not only that, but the 2023 numbers eclipsed the ones we saw…
Read MoreForeclosure Activity Is Still Lower than the Norm
Kevin Brierton – 1.31.2024 Have you seen headlines talking about the increase in foreclosures in today’s housing market? If so, they may leave you feeling a bit uneasy about what’s ahead. But remember, these clickbait titles don’t always give you the full story. The truth is, if you compare the current numbers with what usually happens in…
Read MoreWill a Silver Tsunami Change the 2024 Housing Market?
Kevin Brierton – 1.29.2024 Have you ever heard the term “Silver Tsunami” and wondered what it’s all about? If so, that might be because there’s been a lot of talk about it online recently. Let’s dive into what it is and why it won’t drastically impact the housing market. What Does Silver Tsunami Mean? A recent article…
Read More2023 Housing Market in Review: Looking Back on a Rough Year for Buyers
Kevin Brierton – 1.5.2024 Things are finally turning around for the better as far as housing is concerned – and it looks like they might actually stay that way this time! Mortgage rates have continued to drop over the last couple of weeks, and we are now in the ninth consecutive week of improvement. The…
Read MoreWhy Now Is Still a Great Time To Sell Your House
Kevin Brierton – 12.18.2023 If you were worried buyer demand disappeared when mortgage rates went up, the data shows there are plenty of interested buyers still out there. The housing market isn’t as frenzied as it was during the ‘unicorn’ years when buyer demand was through the roof, mortgage rates were historically low, and home values rose like we’ve never seen before. But…
Read MoreThe Surprising Trend in the Number of Homes Coming onto the Market
Kevin Brierton – 12.13.2023 If you’re thinking about moving, it’s important to know what’s happening in the housing market. Here’s an update on the supply of homes currently for sale. Whether you’re buying or selling, the number of homes in your area is something you should pay attention to. In the housing market, there are regular patterns that happen every…
Read MoreIs Wall Street Buying Up All the Homes in America?
Kevin Brierton – 11.27.2023 If you’re thinking about buying a home, you may find yourself interested in the latest real estate headlines so you can have a pulse on all the things that could impact your decision. If that’s the case, you’ve probably heard mention of investors and wondered how they’re impacting the housing market right now. That could leave…
Read MoreThe Latest 2024 Housing Market Forecast
Kevin Brierton – 11.15.2023 The new year is right around the corner, and you might be wondering if 2024 will be the right time to buy or sell a home. If you want to make the most informed decision possible, it’s important to know what the experts have to say about what’s ahead for the housing market. Spoiler…
Read MoreHow VA Loans Can Help Make Homeownership Dreams Come True
Kevin Brierton – 11.9.2023 For more than 79 years, Veterans Affairs (VA) home loans have helped millions of veterans buy their own homes. If you or someone you care about has served in the military, it’s essential to learn about this program and its advantages. Here are some important things to know about VA loans before you buy…
Read MoreForeclosures and Bankruptcies Won’t Crash the Housing Market
Kevin Brierton – 10.31.2023 If you’ve been following the news recently, you might have seen articles about an increase in foreclosures and bankruptcies. That could make you feel uneasy, especially if you’re thinking about buying or selling a house. But the truth is, even though the numbers are going up, the data shows the housing market isn’t headed for a crisis.…
Read MoreThe Perks of Selling Your House When Inventory Is Low
Kevin Brierton – 10.24.2023 When it comes to selling your house, you’re probably trying to juggle the current market conditions and your own needs as you plan your move. One thing that may be working in your favor is how few homes there are for sale right now. Here’s what you need to know about the current inventory situation and…
Read MoreRemote Work Is Changing How Some Buyers Search for Their Dream Homes
Kevin Brierton – 9.20.2023 The way Americans work has changed in recent years, and remote work is at the forefront of this shift. Experts say it’ll continue to be popular for years to come and project that 36.2 million Americans will be working remotely by 2025. To give you some perspective, that’s a 417% increase compared to the pre-pandemic years…
Read MoreWhy Is Housing Inventory So Low?
Kevin Brierton – 9.14.2023 One question that’s top of mind if you’re thinking about making a move today is: Why is it so hard to find a house to buy? And while it may be tempting to wait it out until you have more options, that’s probably not the best strategy. Here’s why. There aren’t enough homes available for sale,…
Read MoreGet Ready for Smaller, More Affordable Homes
Kevin Brierton – 9.7.2023 Have you been trying to buy a home, but higher mortgage rates and home prices are limiting your options? If so, here’s some good news – based on what Ali Wolf, Chief Economist at Zonda, has to say – smaller, more affordable homes are on the way: “Buyers should expect that over the next 12 to 24 months there will…
Read MoreWhy It’s Still a Seller’s Market Today
Kevin Brierton – 9.4.2023 Even though activity in the housing market has slowed from the frenzy that was the ‘unicorn’ years, it’s still a seller’s market because the supply of homes for sale is so low. But what does that really mean for you? And why are conditions today so good if you want to sell your house? The…
Read MoreHow Inflation Affects the Housing Market
Kevin Brierton – 8.31.2023 Have you ever wondered how inflation impacts the housing market? Believe it or not, they’re connected. Whenever there are changes to one, both are affected. Here’s a high-level overview of the connection between the two. The Relationship Between Housing Inflation and Overall Inflation Shelter inflation is the measure of price growth specific to housing.…
Read MoreBuyer Traffic Is Still Stronger than the Norm
Kevin Brierton – 8.30.2023 Are you putting off selling your house because you’re worried no one’s buying because of where mortgage rates are? If so, know this: the latest data shows plenty of buyers are still out there, and they’re purchasing homes today. Here’s the data to prove it. The ShowingTime Showing Index is a measure of buyers touring homes. The…
Read MoreGen Z: The Next Generation Is Making Moves in the Housing Market
Kevin Brierton – 8.28.2023 Generation Z (Gen Z) is eager to put down their own roots and achieve financial independence. As a result, they’re turning to homeownership. According to the latest Home Buyers and Sellers Generational Trends Report from the National Association of Realtors (NAR), 30% of Gen Z buyers transitioned straight from living under their parents’ roofs to owning…
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