Posts Tagged ‘Spring Housing Market’
What Are the Experts Saying About the Spring Housing Market?
Kevin Brierton – 4.25.2023 The housing market’s been going through a lot of change lately, and there’s been uncertainty surrounding what will happen this spring. You may be wondering if more homes will go on the market, what’s next with home prices and mortgage rates, or what the best advice is for someone in your…
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 MoreTWO WAYS THE FEDERAL RESERVE IMPACTS MORTGAGE RATES
TWO WAYS THE FEDERAL RESERVE IMPACTS MORTGAGE RATES – 5.10.2022 1- THE FED IMPACTS FIXED-RATE MORTGAGES BY BUYING AND SELLING MORTGAGE BONDS. Interest rates on fixed-rate mortgages change whenever the Fed buys or sells mortgage bonds, and whenever the Fed makes statements about buying and selling mortgage bonds. Since the pandemic hit the economy in…
Read MoreWhat You Need To Know About Selling in a Sellers’ Market
Kevin Brierton – 4.28.2022 Even if you haven’t been following real estate news, you’ve likely heard about the current sellers’ market. That’s because there’s a lot of talk about how strong market conditions are for people who want to sell their houses. But if you’re thinking about listing your house, you probably want to know: what does being in…
Read MoreThe Dream of Homeownership Is Worth the Effort
Kevin Brierton – 4.27.2022 If you’re in the market to buy a home this season, stick with it. Homebuyers face challenges in any market, and today’s is no exception. But if you persevere, your decision to purchase a home will be worth the effort in the end. In fact, a recent survey from Bankrate shows homeownership is so powerful…
Read MoreHow Homeownership Can Help Shield You from Inflation
Kevin Brierton – 4.26.2022 If you’re following along with the news today, you’ve likely heard about rising inflation. You’re also likely feeling the impact in your day-to-day life as prices go up for gas, groceries, and more. These rising consumer costs can put a pinch on your wallet and make you re-evaluate any big purchases…
Read MoreIs It Enough To Offer Asking Price in Today’s Housing Market?
Kevin Brierton – 4.25.2022 If you’re planning to buy a home this season, you’re probably thinking about what you’ll need to do to get your offer accepted. In previous years, it was common for buyers to try and determine how much less than the asking price they could offer to still get the home. The buyer and…
Read MoreWhy This Housing Market Is Not a Bubble Ready To Pop
Kevin Brierton – 4.21.2022 Homeownership has become a major element in achieving the American Dream. A recent report from the National Association of Realtors (NAR) finds that over 86% of buyers agree homeownership is still the American Dream. Prior to the 1950s, less than half of the country owned their own home. However, after World War II, many returning veterans used…
Read MoreHow To Approach Rising Mortgage Rates as a Buyer
Kevin Brierton – 4.20.2022 In the last few weeks, the average 30-year fixed mortgage rate from Freddie Mac inched up to 5%. While that news may have you questioning the timing of your home search, the truth is, timing has never been more important. Even though you may be tempted to put your plans on hold in…
Read MoreWhy Pre-Approval Is an Important Step for Today’s Homebuyers
Kevin Brierton – 4.19.2022 Being intentional and competitive are musts when buying a home this season. That’s why pre-approval is so important today. Pre-approval from a lender is the only way to know your true price range and how much money you can borrow for your loan. Peter Warden, Editor of The Mortgage Reports, explains: “The lender will check…
Read MoreIs It Time To Buy a Smaller Home?
Kevin Brierton – 4.18.2022 Life events can have a major impact on what you need from your home, and retirement is one of the biggest changes many of us face. This period of your life can mean doing more of the things you enjoy, like traveling, visiting with loved ones, or taking on new hobbies.…
Read MoreHow to Understand Your Home Appraisal
COMPS, ADJUSTMENTS, AND THE APPRAISER’S ESTIMATE OF VALUE WHAT IS AN APPRAISAL? A home appraisal is an estimate of your home’s value. It’s simply a professional appraiser’s opinion of what he/she thinks your home may be worth. Mortgage lenders base your loan amount on the LESSER of the appraised value or the purchase price. HOW…
Read MoreOn the Fence of Whether or Not To Move This Spring? Consider This.
Kevin Brierton – 4.14.2022 If you’re thinking of selling your house, it may be because you’ve heard prices are rising, listings are going fast, and sellers are getting multiple offers on their homes. But why are conditions so good for sellers today? And what can you expect when you move? To help answer both of those questions, let’s turn to the data.…
Read MoreWhat You Can Expect from the Spring Housing Market
Kevin Brierton – 3.26.2022 As the spring housing market kicks off, you likely want to know what you can expect this season when it comes to buying or selling a house. While there are multiple factors causing some uncertainty, including the conflict overseas, rising inflation, and the first rate increase from the Federal Reserve in over three years — the housing market seems to…
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