You’ve likely heard about the current sellers’ market even if you haven’t been following real estate news. 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 a sellers’ market…
DetailsBased on the Primary Mortgage Market Survey from Freddie Mac, the average 30-year fixed-rate mortgage has increased by 1.2% (3.22% to 4.42%) since January of this year. The rate jumped by more than a quarter of a week ago. Here’s a visual to show how mortgage rate movement throughout 2021 was steady compared to the rapid increase in…
DetailsFinancial security and homeownership are especially important today as inflation rises. But many people may not realize just how much owning a home contributes to your overall net worth. As Leslie Rouda Smith, President of the National Association of Realtors (NAR), says: “Homeownership is rewarding in so many ways and can serve as a vital component in achieving financial stability.” Here…
DetailsDue to low supply and high demand, today is one of the strongest sellers’ markets we’ve seen. Sellers can benefit from more offers to pick from, higher home values, and a faster sales process. There’s a reason why 72% of people believe it’s a good time to sell. Don’t miss out on this unique opportunity.…
DetailsIf you’re a current homeowner, you should know your net worth got a big boost. It comes in the form of rising home equity. Equity is the current value of your home minus what you owe on the mortgage. Today, you’re building that equity far faster than you may expect – and this gain is…
DetailsEvery year, many renters ask themselves the same question: Should I continue renting, or is it time to buy a home? If you’re a renter, chances are you’ve asked yourself that question at least once, and it’s likely because you’ve faced an increase in your monthly housing costs over time. After all, according to Census…
DetailsYou may have heard that it’s important to get pre-approved for a mortgage at the beginning of the home buying process. What does that mean, and why is it so important? Especially in today’s market, with rising home prices and high buyer competition, it’s crucial to have a pre-approval letter before making an offer. Here’s why. Being intentional and competitive are…
DetailsIf you’re trying to decide when to list your house, the time is now. There are plenty of buyers eagerly waiting for your home to hit the market. The latest data indicates home showings are rising. There are more buyers than homes for sale right now. That means you’ll likely receive multiple offers, and your…
DetailsThe best advice carries across multiple areas of life. When it comes to home buying, a few simple tips can help you stay on track. Because of increased demand, you’ll need to be patient and embrace compromises during your search. Then, once you’ve fallen in love, commit by putting your best offer forward. If you’re…
DetailsWhether you’re buying or selling, there are many perks that come from working with a real estate advisor. Real estate professionals are experts at navigating all aspects of the buying and selling process, including negotiating on your behalf. We can also explain today’s market and break down what it means for you. Don’t go at…
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