Posts Tagged ‘Housing’
The Truth About Down Payments
The Truth About Down Payments If you’re planning to buy your first home, saving up for all the costs involved can feel daunting, especially when it comes to the down payment. That might be because you’ve heard you need to save 20% of the home’s price to put down. Well, that isn’t necessarily the case. Unless specified by…
Read MoreReverse mortgage – 10 Things Reverse Mortgage
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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 More3 Keys To Hitting Your Homeownership Goals in 2024
Kevin Brierton – 1.1.2024 If buying or selling a home is your goal for 2024, it’s important to understand today’s housing market, know your why, and work with industry experts to bring your homeownership vision for the new year into focus. Over the last year, the economy had a big impact on the housing market, and likely on your…
Read MoreWhy Mortgage Rates Could Continue To Decline
Kevin Brierton – 12.20.2023 When you read about the housing market, you’ll probably come across some information about inflation or recent decisions made by the Federal Reserve (the Fed). But how do those two things impact you and your homebuying plans? Here’s what you need to know. The Federal Funds Rate Hikes Have Stalled One of the Fed’s primary goals…
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 MoreWhy The No-Cost Refinance Makes Sense – Buy Now, Build Equity, and Save Big in 2024
Owning a home is a crucial part of finding financial freedom, but deciding when to make the move into homeownership is never an easy decision. That decision is especially hard today with home prices and mortgage rates at record highs. Buying a home now would likely come with a housing payment that is significantly higher…
Read MoreWhy the Economy Won’t Tank the Housing Market
Kevin Brierton – 11.29.2023 If you’re worried about a coming recession, you’re not alone. Over the past couple of years, there’s been a lot of recession talk. And many people worry, if we do have one, it would cause the unemployment rate to skyrocket. Some even fear that a spike in unemployment would lead to…
Read MoreAre the Top 3 Housing Market Questions on Your Mind?
Kevin Brierton – 11.28.2023 When it comes to what’s happening in the housing market, there’s a lot of confusion going around right now. You may hear one thing in conversation with your friends, see something different on the news, and read something on social media that contradicts both of those thoughts. And, if you’re thinking about making…
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 MoreHome Prices Still Growing – Just at a More Normal Pace
Kevin Brierton – 11.22.2023 If you’re feeling a bit muddy on what’s happening with home prices, that’s no surprise. Some people are still saying prices are falling, even though data proves otherwise. Part of that misconception is that people are getting their information from unreliable sources. But it’s also coming from some media coverage misrepresenting what the data…
Read MoreAre There Actually More Homes for Sale Right Now?
Kevin Brierton – 11.21.2023 If you’re looking to make a move, you want to be sure you have the latest information on the housing market. To help make that possible, here’s an update on the supply of homes for sale today. Whether you’re looking to buy or sell, the number of homes available in your local market matters…
Read MorePeople Are Still Moving, Even with Today’s Affordability Challenges
Kevin Brierton – 11.16.2023 If you’re thinking about buying or selling a home, you might have heard that it’s tough right now because mortgage rates are higher than they’ve been over the past few years, and home prices are rising. That much is true. Take a look at the graph below. It breaks down how the current affordability situation stacks up to recent…
Read MoreThese Top Cities Show Home Prices Are Still Climbing
Kevin Brierton – 11.14.2023 If you’re considering buying a home or selling your current one to find something that better suits your needs, you may have questions about what’s happening with home prices today. Here’s what you need to know. There’s still a lot of confusion and misinformation out there. So, no matter what you may have heard, the national data shows…
Read MoreNo, A ‘Housing Recession’ Does Not Mean Falling Home Prices
Kevin Brierton – 11.13.2023 Last week, an article was posted to fortune.com with this headline: The housing market is headed back to a 1980s-style recession, Wells Fargo says—and it’s all because of ‘higher for longer’ mortgage rates On first read, this clearly sounds like a warning that home prices are going to fall because of…
Read MoreHomeowner Net Worth Has Skyrocketed
Kevin Brierton – 11.7.2023 If you’re weighing your options to decide whether it makes more sense to rent or buy a home today, here’s one key data point that could help you feel more confident in making your decision. Every three years, the Federal Reserve Board releases the Survey of Consumer Finances (SCF). That report covers the difference in net worth…
Read MoreDon’t Believe Everything You Read About Home Prices
Kevin Brierton – 11.2.2023 According to the latest data from Fannie Mae, 23% of Americans still think home prices will go down over the next twelve months. But why do roughly 1 in 4 people feel that way? It has a lot to do with all the negative talk about home prices over the past year. Since late…
Read MoreA Real Estate Agent Helps Take the Fear Out of the Market
Kevin Brierton – 10.30.2023 Do negative headlines and talk on social media have you feeling worried about the housing market? Maybe you’ve even seen or heard something lately that scares you and makes you wonder if you should still buy or sell a home right now. Regrettably, when news in the media isn’t easy to understand, it can make people…
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