You want mortgage rates to fall – and they’ve started to. But is it going to last? And how low will they go? Experts say there’s room for rates to come down even more over the next year. And one of the leading indicators to watch is the 10-year treasury yield. Here’s why. The LinkContinue reading “Why Experts Say Mortgage Rates Should Ease Over the Next Year”
Category Archives: Real Estate
Closing Costs Unpacked: State-by-State Breakdowns for Today’s Buyers
If you’re planning to buy a home this year, there’s one expense you can’t afford to overlook: closing costs. Almost every buyer knows they exist, but not that many know exactly what they cover, or how different they can be based on where you’re buying. So, let’s break them down. What Are Closing Costs? Your closingContinue reading “Closing Costs Unpacked: State-by-State Breakdowns for Today’s Buyers”
3 Reasons Why Home Affordability is Getting Better This Fall
Over the past couple of years, home affordability has been a major challenge for many hopeful buyers. Home prices shot up. Mortgage rates too. And many people decided to hit pause on their plans because it just didn’t feel possible. Maybe you were one of them. But there’s some encouraging news. If you’ve been waitingContinue reading “3 Reasons Why Home Affordability is Getting Better This Fall”
What a Fed Rate Cut Could Mean for Mortgage Rates
The Federal Reserve (the Fed) meets this week, and expectations are high that they’ll cut the Federal Funds Rate. But does that mean mortgage rates will drop? Let’s clear up the confusion. The Fed Doesn’t Directly Set Mortgage Rates Right now, all eyes are on the Fed. Most economists expect they’ll cut the Federal Funds Rate atContinue reading “What a Fed Rate Cut Could Mean for Mortgage Rates”
Even in a Seller’s Market, 50% of Homes Sell for Under Asking. Here’s How to Avoid It
If your selling strategy still assumes you’ll get multiple offers over asking, it’s officially time for a reset. That frenzied seller’s market is behind us. And here are the numbers to prove it. From Frenzy to “Normal” Right now, about 50% of homes on the market are selling for less than their asking price, accordingContinue reading “Even in a Seller’s Market, 50% of Homes Sell for Under Asking. Here’s How to Avoid It”
What Everyone’s Getting Wrong About the Rise in New Home Inventory
You may have seen talk online that new home inventory is at its highest level since the crash. And if you lived through the crash back in 2008, seeing new construction is up again may feel a little scary. But here’s what you need to remember: a lot of what you see online is designed toContinue reading “What Everyone’s Getting Wrong About the Rise in New Home Inventory”
Should You Still Expect a Bidding War?
If you’re still worried about having to deal with a bidding war when you buy a home, you may be able to let some of that fear go. While multiple-offer situations haven’t disappeared entirely, they’re not nearly as common as they used to be. In fact, a recent survey shows agents reported only 1 in 5 homes (20%) nationallyContinue reading “Should You Still Expect a Bidding War?”
Are These Myths About Buying a Newly Built Home Holding You Back?
If you’ve been skipping over newly built homes in your search, you might be doing so based on outdated assumptions. Let’s clear up a few of the most common myths, so you don’t miss out on a solid opportunity. Myth 1: New Homes Are More Expensive It’s easy to assume a new build will costContinue reading “Are These Myths About Buying a Newly Built Home Holding You Back?”
The 3 Things You Risk by Pricing Too High
When selling your house, the price you choose isn’t just a number, it’s a strategy. And in today’s market, that strategy needs to be sharp. The number of homes for sale is climbing. And that means buyers have more choices and can be more selective. If your price doesn’t line up with what else is out there, they’llContinue reading “The 3 Things You Risk by Pricing Too High”
Today’s Tale of Two Housing Markets
Depending on where you live, the housing market could feel red-hot or strangely quiet right now. The truth is, local markets are starting to move in different directions. In some places, buyers are calling the shots. In others, sellers still hold the power. It’s a tale of two markets. What’s a Buyer’s Market vs. aContinue reading “Today’s Tale of Two Housing Markets”
