Posts Tagged ‘Lending’
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 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…
Read MoreLending Standards Are Not Like They Were Leading Up to the Crash
Kevin Brierton – 6.28.2023 You might be worried we’re heading for a housing crash, but there are many reasons why this housing market isn’t like the one we saw in 2008. One of which is how lending standards are different today. Here’s a look at the data to help prove it. Every month, the Mortgage…
Read MoreWhy Today’s Housing Market Is Not About To Crash
Kevin Brierton – 5.9.2023 There’s been some concern lately that the housing market is headed for a crash. And given some of the affordability challenges in the housing market, along with a lot of recession talk in the media, it’s easy enough to understand why that worry has come up. But the data clearly shows…
Read MoreWhy Buying a Home Makes More Sense Than Renting Today
Kevin Brierton – 5.1.2023 Wondering if you should continue renting or if you should buy a home this year? If so, consider this. Rental affordability is still a challenge and has been for years. That’s because, historically, rents trend up over time. Data from the Census shows rents have been climbing pretty steadily since 1988. …
Read MoreWhy Today’s Foreclosure Numbers Are Nothing Like 2008
Kevin Brierton – 4.27.2023 You’ve likely seen headlines about the number of foreclosures climbing in today’s housing market. That may leave you with a few questions, especially if you’re thinking about buying a house. Understanding what they really mean is mission-critical if you want to know the truth about what’s happening today. According to a…
Read MoreFalling out of Love with Your House? It May Be Time To Move.
Kevin Brierton – 4.19.2023 Owning a home means having a place that’s solely your own and provides the space, features, and location you and your loved ones need. But what happens when your needs change? If this hits home for you, it may be time to move. According to the latest Home Buyers and Sellers…
Read More5 Reasons Millennials Are Buying Homes
Kevin Brierton – 4.18.2023 In the United States, there are over 72 million millennials. If you’re part of that generation and have thought about buying a home, you aren’t alone. According to Zonda, 98% of millennials want to become a homeowner at some point if they aren’t already. But why? There are plenty of reasons…
Read MoreThink Twice Before Waiting for Lower Home Prices
Kevin Brierton – 4.17.2023 As the housing market continues to change, you may be wondering where it’ll go from here. One factor you’re probably thinking about is home prices, which have come down a bit since they peaked last June. And you’ve likely heard something in the news or on social media about a price…
Read MoreWant To Sell Your House This Spring? Price It Right.
Kevin Brierton – 4.13.2023 Over the last year, the housing market’s gone through significant changes. While it’s still a sellers’ market, homes that are priced right are selling, and they get the most attention from buyers right now. If you’re considering selling your house this spring, it’s essential to lean on your expert real estate…
Read MoreYour Tax Refund Can Help You Achieve Your Homebuying Goals
Kevin Brierton – 4.12.2023 Have you been saving up to buy a home this year? If so, you know there are a variety of expenses involved – from your down payment to closing costs. But there’s good news – your tax refund can help you achieve your goals by paying for some of these expenses.…
Read MoreThe Big Advantage If You Sell This Spring
Kevin Brierton – 4.11.2023 Thinking about selling your house? If you’ve been waiting for the right time, it could be now while the supply of homes for sale is so low. HousingWire shares: “. . . the big question is whether we are finally starting to see the seasonal spring increase in inventory. The answer…
Read MoreHomebuyer Activity Shows Signs of Warming Up for Spring
Kevin Brierton – 4.10.2023 The spring season appears to be warming up in housing as more and more buyers enter the market. And after rising mortgage rates sidelined so many buyers last year, that’s a good sign for sellers. Realtor.com has the latest: “Spring is officially here, and like green shoots emerging from the bleak…
Read MoreHow Changing Mortgage Rates Can Affect You
Kevin Brierton – 4.3.2023 The 30-year fixed mortgage rate has been bouncing between 6% and 7% this year. If you’ve been on the fence about whether to buy a home or not, it’s helpful to know exactly how a 1%, or even a 0.5%, mortgage rate shift affects your purchasing power. The chart below helps…
Read MoreWe’re in a Sellers’ Market. What Does That Mean?
Kevin Brierton – 3.30.2023 Even though activity in the housing market has slowed from the frenzy we saw over a year ago, today’s low supply of homes for sale is still a sellers’ market. But what does that really mean? And why are conditions today so good if you want to list your house? It…
Read More4 Key Tips for Selling Your House This Spring
Kevin Brierton – 3.29.2023 Spring has arrived, and that means more and more people are getting their homes ready to sell. But with recent shifts in real estate, this year’s spring housing market will be different from the frenzy of the past several years. To sell your house quickly, without hassles, and for the most…
Read MoreHow Homeownership Is Life-Changing for Many Women
Kevin Brierton – 3.28.2023 Throughout Women’s History Month, we reflect on the impact women have in our lives, and that includes the impact on the housing market. In fact, since at least 1981, single women have bought more homes than single men each year, and they make up 17% of all households. Why Is Homeownership…
Read MoreGet Ready: The Best Time To List Your House Is Almost Here
Kevin Brierton – 3.27.2023 If you’re considering selling this spring, it’s time to get moving – the best week to list your house is fast approaching. Experts at realtor.com looked at seasonal trends from recent years (excluding 2020 as an uncharacteristic year due to the onset of the pandemic) and determined the ideal week to…
Read MoreWhy Buying a Home Is a Sound Decision
Kevin Brierton – 3.23.2023 If you’re thinking about buying a home, you want to know if the decision will be a good one. And for many, that means thinking about what home prices are projected to do in the coming years and how that could impact your investment. This year, we aren’t seeing home prices…
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