Posts Tagged ‘Mortgage’
Homebuyers Are Getting Used to the New Normal
Kevin Brierton – 7.18.2023 Before you decide to sell your house, it’s important to know what you can expect in the current housing market. One positive trend right now is homebuyers are adapting to today’s mortgage rates and getting used to them as the new normal. To better understand what’s been happening with mortgage rates lately, the…
Read MoreHome Prices Are Rebounding
Kevin Brierton – 7.17.2023 If you’re following the news today, you may feel a bit unsure about what’s happening with home prices and fear whether or not the worst is yet to come. That’s because today’s headlines are painting an unnecessarily negative picture. If we take a year-over-year view, home prices did drop some, but that’s because we’re comparing to a ‘unicorn’…
Read MoreHow Remote Work Expands Your Homebuying Horizons
Kevin Brierton – 7.13.2023 Even as some companies transition back into the office, remote work remains a popular choice for many professionals. So, if you currently enjoy working from home or hope to be able to soon, you’re not alone. According to a recent survey, most working professionals want to work either fully remote or hybrid…
Read MoreTwo Questions To Ask Yourself if You’re Considering Buying a Home
Kevin Brierton – 7.5.2023 If you’re thinking of buying a home, chances are you’re paying attention to just about everything you hear about the housing market. And you’re getting your information from a variety of channels: the news, social media, your real estate agent, conversations with friends and loved ones, overhearing someone chatting at the…
Read MoreEvaluating Your Wants and Needs as a Homebuyer Matters More Today
Kevin Brierton – 7.3.2023 When it comes to buying a home, especially with today’s affordability challenges, you’ll want to be strategic. Mortgage rates impact how much it costs to borrow money for your home loan. And, to help offset the higher borrowing costs today, some homebuyers are taking a close look at their wish list…
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 Homeownership Wins in the Long Run
Kevin Brierton – 6.27.2023 Today’s higher mortgage rates, inflationary pressures, and concerns about a potential recession have some people questioning: should I still buy a home this year? While it’s true this year has unique challenges for homebuyers, it’s important to think about the long-term benefits of homeownership when making your decision. Consider this: if…
Read MoreThe True Cost of Selling Your House on Your Own
Kevin Brierton – 6.26.2023 Selling your house is no simple task. While some homeowners opt to sell their homes on their own, known as an FSBO (For Sale by Owner), they often encounter various challenges without the guidance of a real estate agent. If you’re currently considering selling your house on your own, here’s what…
Read MoreWhat Homebuyers Need To Know About Credit Scores
Kevin Brierton – 6.22.2023 If you’re thinking about buying a home, you should know your credit score’s a critical piece of the puzzle when it comes to qualifying for a home loan. Lenders review your credit to assess your ability to make payments on time, pay back debts, and more. It’s also a factor that…
Read MoreWhy the Median Home Price Is Meaningless in Today’s Market
Kevin Brierton – 6.20.2023 The National Association of Realtors (NAR) will release its latest Existing Home Sales (EHS) report later this week. This monthly report provides information on the sales volume and price trend for previously owned homes. In the upcoming release, it’ll likely say home prices are down. This may feel a bit confusing,…
Read MoreA Drop in Equity Doesn’t Mean Low Equity
Kevin Brierton – 6.14.2023 You may see media coverage talking about a drop in homeowner equity. What’s important to understand is that equity is tied closely to home values. So, when home prices appreciate, you can expect equity to grow. And when home prices decline, equity does too. Here’s how this has played out recently. …
Read MoreYour Needs Matter More Than Today’s Mortgage Rates
Kevin Brierton – 6.13.2023 If you’re thinking about selling your house right now, chances are it’s because something in your life has changed. And, while things like mortgage rates are a key part of your decision on what you’ll buy next, it’s important to not lose sight of the reason you want to make a…
Read MoreThe Main Reason Mortgage Rates Are So High
Kevin Brierton – 6.7.2023 Today’s mortgage rates are top-of-mind for many homebuyers right now. As a result, if you’re thinking about buying for the first time or selling your current house to move into a home that better fits your needs, you may be asking yourself these two questions: Here’s context you need to help…
Read MoreReal Estate Is Still Considered the Best Long-Term Investment
Kevin Brierton – 6.6.2023 With all the headlines circulating about home prices and rising mortgage rates, you may wonder if it still makes sense to invest in homeownership right now. A recent poll from Gallup shows the answer is yes. In fact, real estate was voted the best long-term investment for the 11th consecutive year,…
Read MoreKeys to Success for First-Time Homebuyers
Kevin Brierton – 5.31.2023 Buying your first home is an exciting decision and a major milestone that has the power to change your life for the better. As a first-time homebuyer, it’s a vision you can bring to life, but, as the National Association of Realtors (NAR) shares, you’ll have to overcome some factors that…
Read MoreToday’s Real Estate Market: The ‘Unicorns’ Have Galloped Off
Kevin Brierton – 5.30.2023 Comparing real estate metrics from one year to another can be challenging in a normal housing market. That’s due to possible variability in the market making the comparison less meaningful or accurate. Unpredictable events can have a significant impact on the circumstances and outcomes being compared. Comparing this year’s numbers to…
Read MoreThe Benefits of Selling Now, According to Experts
Kevin Brierton – 5.25.2023 If you’re trying to decide if now’s the time to sell your house, here’s what you should know. The limited number of homes available right now gives you a big advantage. That’s because there are more buyers out there than there are homes for sale. And, with so few homes on…
Read MoreOwning a Home Helps Protect Against Inflation
Kevin Brierton – 5.24.2023 You’re probably feeling the impact of high inflation every day as prices have gone up on groceries, gas, and more. If you’re a renter, you’re likely experiencing it a lot as your rent continues to rise. Between all of those elevated costs and uncertainty about a potential recession, you may be…
Read MoreWhy Buyers Need an Expert Agent by Their Side
Kevin Brierton – 5.22.2023 The process of buying a home can feel a bit intimidating, even under normal circumstances. But today’s market is still anything but normal. There continues to be a very limited number of homes for sale, and that’s creating bidding wars and driving home prices back up as buyers compete over the…
Read MorePowerful Job Market Fuels Homebuyer Demand
Kevin Brierton – 5.18.2023 The spring housing market has been surprisingly active this year. Even with affordability challenges and a limited number of homes for sale, buyer demand is strong and getting stronger. One way we know there are interested buyers right now is because showing traffic is up. Data from the latest ShowingTime Showing…
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