Many people are wondering: will home prices fall this year? Whether you’re a potential homebuyer, seller, or both, the answer to this question matters to you. Let’s break down what’s happening with home prices, where experts say they’re headed, and how this impacts your homeownership goals. What’s Happening with Home Prices? Home prices have seen 121 consecutive months of year-over-year increases. Core Logic says: “Price…
According to a recent survey from the National Association of Realtors (NAR), one of the top challenges buyers face in today’s housing market is finding a home that meets their needs. That’s largely because the inventory of homes for sale is so low today. If you’re looking to buy a home, you may have noticed this yourself. But there is good news. Recent data…
If you’re trying to decide whether to rent or buy a home, you’re probably weighing several factors. The financial benefits of homeownership might be one of the reasons you want to purchase if you’re a renter, but the decision can also be motivated by having a place that’s uniquely your own. If you want to express yourself…
One of the most important parts of being an agent is having a relevant market opinion based on facts. And this goes beyond just your local data. When you think about it, most clients are already forming their own opinion of the market because of what they see in the national media. So, you not…
What does the rest of the year hold for the housing market? Here’s what experts have to say about what lies ahead. Home prices are projected to rise and so are mortgage rates. Experts are also forecasting another strong year for home sales as people move to meet their changing needs. Connect with a Martino…
Based 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…
Financial 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…
Due 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.…
If 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…
Every 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…