by Lori Neighbors | Apr 25, 2023 | For Buyers, For Sellers, Housing Market Updates, Interest Rates, Pricing, Real Estate Insights
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...
by Lori Neighbors | Apr 3, 2023 | Buying Myths, For Buyers, Interest Rates, Real Estate Insights
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...
by Lori Neighbors | Feb 28, 2023 | First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers, Real Estate Insights
After steadily falling over the winter, mortgage rates have started to rise in recent weeks. This is concerning to some potential homebuyers as the combination of higher mortgage rates and higher prices have made homes less affordable. So, if you’re planning to...
by Lori Neighbors | Feb 21, 2023 | For Buyers, For Sellers, Housing Market Updates, Interest Rates, Real Estate Insights
The biggest challenge the housing market’s facing is how few homes there are for sale. Mark Fleming, Chief Economist at First American, explains the root causes of today’s low supply:“Two dynamics are keeping existing-home inventory historically low – rate-locked...
by Lori Neighbors | Feb 8, 2023 | For Sellers, Interest Rates, Real Estate Insights, Selling Myths
Many of today’s homeowners bought or refinanced their homes during the pandemic when mortgage rates were at history-making lows. Since rates doubled in 2022, some of those homeowners put their plans to move on hold, not wanting to lose the low mortgage rate they have...
by Lori Neighbors | Jan 24, 2023 | First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers, Pricing, Real Estate Insights
If you’ve been following the housing market over the last couple of years, you’ve likely heard about growing affordability challenges. But according to experts, the key factors that determine housing affordability are projected to improve this year. Selma Hepp,...
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