Posts Tagged ‘Mortgage’
The Average Homeowner Gained $64K in Equity over the Past Year
Kevin Brierton – 6.21.2022 If you own a home, your net worth likely just got a big boost thanks to rising home equity. Equity is the current value of your home minus what you owe on the loan. And today, based on recent home price appreciation, you’re building that equity far faster than you may expect – here’s…
Read MoreWhy Achieving the Dream of Homeownership Can Be More Difficult for Some Americans
Kevin Brierton – 6.20.2022 Today we take time to honor and recognize the past and present experiences of Black Americans. When it comes to real estate specifically, equitable access to housing has come a long way, but the path to homeownership is still steeper for households of color. The Gap in Homeownership Rate in America…
Read MoreHome Price Deceleration Doesn’t Mean Home Price Depreciation
Kevin Brierton – 6.16.2022 Experts in the real estate industry use a number of terms when they talk about what’s happening with home prices. And some of those words sound a bit similar but mean very different things. To help clarify what’s happening with home prices and where experts say they’re going, here’s a look at a…
Read MoreA Majority of Consumers Say It’s a Good Time To Sell Your House
Kevin Brierton – 6.15.2022 If you’re a homeowner thinking about selling your house, you’re probably looking for the best time to make your move. That means you’re likely balancing a number of factors, like your changing needs, where you’ll go when you sell, and today’s mortgage rates in order to time it just right. According to recent data,…
Read MoreIs the Housing Market Correcting?
Kevin Brierton – 6.14.2022 If you’re following the news, all of the headlines about conditions in the current housing market may leave you with more questions than answers. Is the boom over? Is the market crashing or correcting? Here’s what you need to know. The housing market is moderating compared to the last two years, but what everyone needs…
Read MoreMore Americans Choose Real Estate as the Best Investment Than Ever Before
Kevin Brierton – 6.13.2022 Americans’ opinion on the value of real estate as an investment is climbing. That’s according to an annual survey from Gallup. Not only is real estate viewed as the best investment for the ninth year in a row, but more Americans selected it than ever before. The graph below shows the results of the…
Read MoreLuxury Homes Are in High Demand
Kevin Brierton – 6.9.2022 As people realize their needs are changing, some are turning to luxury housing to find their dream home. Investopedia helps define what pushes a home into this category. In a recent article, they point out that a luxury home isn’t only defined by its price. Location is also an important factor. It could be…
Read MoreWhat Are the Best Options for Today’s First-Time Homebuyers?
Kevin Brierton – 6.8.2022 If you’re looking to buy your first home, you’re likely balancing several factors. Because both mortgage rates and home prices have risen this year, it costs more to buy a home than it did even just a few months ago. But that doesn’t mean you have to put your plans on hold. If you partner with…
Read MoreWhy the Growing Number of Homes for Sale Is Good for Your Move Up
Kevin Brierton – 6.7.2022 Are you thinking about selling your current home? If so, the biggest question on your mind may be: if I sell now, where will I go? If this resonates with you, there’s something you should know. The number of homes coming onto the market is increasing and that could make it easier for you to…
Read MoreWhy You Need an Expert To Determine the Right Price for Your House
Kevin Brierton – 6.6.2022 If your lifestyle has changed recently and you’re ready to make a move, taking advantage of today’s sellers’ market might be just the answer for your summer plans. With homes continuing to get multiple offers, this could be your moment to get the contract you’re looking for on your house if you’re ready to sell.…
Read MoreHow Homeownership Impacts You
Kevin Brierton – 6.2.2022 June is National Homeownership Month, and it’s the perfect time to reflect on how impactful owning a home can truly be. When you purchase a house, it becomes more than just a space you occupy. It’s your stake in the community, an investment, and a place you can put your stamp on. If you’re…
Read MoreWhy Home Loans Today Aren’t What They Were in the Past
Kevin Brierton – 6.1.2022 In today’s housing market, many are beginning to wonder if we’re returning to the riskier lending habits and borrowing options that led to the housing crash 15 years ago. Let’s ease those concerns. Several times a year, the Mortgage Bankers Association (MBA) releases an index titled the Mortgage Credit Availability Index (MCAI). According to their website: “The MCAI…
Read MoreWhat Does the Rest of the Year Hold for the Housing Market?
Kevin Brierton – 5.31.2022 If you’re thinking of buying or selling a house, you’re at an exciting decision point. And anytime you make a big decision like that, one thing you should always consider is timing. So, what does the rest of the year hold for the housing market? Here’s what experts have to say. The Number of Homes…
Read MoreIs There a Housing Bubble?
FOUR REASONS WHY THERE’S NOT A HOUSING BUBBLE IN THE US1 UNDER-SUPPLY OF HOUSES TODAY vs. OVER-SUPPLY OF HOUSES IN 2006-2007 In the years leading up to the 2006-2007 housing bubble, we were building roughly 50% more homes than we needed every year. This resulted in an over-supply of homes in the US. In the…
Read MoreWhy Summer Is a Great Time To Buy a Vacation Home
Kevin Brierton – 5.26.2022 You may be someone who looks forward to summer each year because it gives you an opportunity to rest, unwind, and enjoy more quality time with your loved ones. Now that summer is just around the corner, it’s worthwhile to start thinking about your plans and where you want to spend…
Read MoreHow Buying or Selling a Home Benefits the Economy and Your Community
Kevin Brierton – 5.25.2022 If you’re thinking of buying or selling a home, chances are you’re focusing on the many extraordinary ways it’ll change your life. But do you know it has a large impact on your community too? To measure that impact, the National Association of Realtors (NAR) releases a report each year to highlight just how much economic activity a home…
Read MoreSellers Have an Opportunity with Today’s Home Prices
Kevin Brierton – 5.24.2022 As mortgage rates started to rise this year, many homeowners began to wonder if the value of their homes would fall. Here’s the good news. Historically, when mortgage rates rise by a percentage point or more, home values continue to appreciate. The latest data on home prices seems to confirm that trend. According to data from CoreLogic,…
Read MoreWork With a Real Estate Professional if You Want the Best Advice
Kevin Brierton – 5.23.2022 Because buying or selling a home is such a big decision in our lives, the need for clear, trustworthy information and guidance is crucial. And while no one can give you perfect advice, when you align yourself with an expert, you’ll get the best advice for your situation. An Expert Will Give You the Best Advice Possible…
Read More44.9% of Homeowners Are Now Equity Rich
NEARLY HALF OF FINANCED US HOMES ARE NOW WORTH DOUBLE THEIR LOAN AMOUNT Home price growth has left 44.9% of US homeowners in an equity-rich position, meaning their home equity is worth at least double their loan amount. This is according to the latest report from Attom Data Solutions, a real estate data provider. WHAT…
Read MoreThe One Thing Every Homeowner Needs To Know About a Recession
Kevin Brierton – 5.19.2022 A recession does not equal a housing crisis. That’s the one thing that every homeowner today needs to know. Everywhere you look, experts are warning we could be heading toward a recession, and if true, an economic slowdown doesn’t mean homes will lose value. The National Bureau of Economic Research (NBER) defines a recession this…
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