There have been a lot of shifts in the housing market over the last few years. Mortgage rates rose dramatically last year, impacting many people’s home-buying ability. After several years of rapid price appreciation, home prices peaked last summer. These changes led to a rise in headlines saying prices would end up crashing.
Everywhere you look, people are talking about a potential recession. And if you’re planning to buy or sell a house, this may leave you wondering if your plans are still a wise move. To help ease your mind, experts say that if we officially enter a recession, it’ll be mild and short.
If you’re planning to buy a home, an inspection is an important step in the process. It assesses the condition of the home before you finalize the transaction. It’s also a different step in the process from an appraisal, which is a professional evaluation of the market value of the home you’d like to buy. In most cases, an appraisal is ordered by the lender to confirm or verify the value of the home prior to lending a buyer money for the purchase. Here’s the breakdown of each one and why they’re both important when buying a home.
The spring season is warming up in the housing market as more and more buyers enter the market. And after rising mortgage rates sidelined so many buyers last year, that’s a good sign for sellers.
With recent shifts in real estate, this year’s spring housing market will be different from the frenzy of the past several years. To sell your house quickly, without hassles, and for the most money, be sure to follow these simple tips.
If you’re considering buying a home, you want to know that you are making a good decision. To prepare to purchase, it’s essential to consider home price projections for the coming years and how that could impact your investment.
There are 2 things you need to keep in mind if you plan on selling your house this spring:
1. Houses that are priced right are still selling
2. Buyers are still out there
This week’s blog breaks it all down for you.
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 purchase a home this year, you too may wonder if now’s the right time to buy or if you should hold off on your search until rates come back down.
If you’re a homeowner, your net worth got a boost over the past few years thanks to rising home prices. Here’s what it means for you, even as the market moderates.
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