Homeowners Have Incredible Equity To Leverage Right Now
In the real estate market, homeowners continue to possess a significant amount of equity, despite the moderation in home prices. Equity represents the disparity between the market value of your home and the outstanding mortgage balance. The National Association of Realtors (NAR) clarifies that equit
We’re in a Sellers’ Market. What Does That Mean?
The housing market has slowed from the frenzy of a year ago, but today's low supply of homes for sale is still a sellers' market. What does this mean and why are conditions so good for listing your house? The NAR's latest Existing Home Sales Report shows that housing supply is still low, with a 2.6-
What’s Ahead for Home Prices in 2023
Over the past year, home prices have been a widely debated topic. Some have said we’ll see a massive drop in prices and that this could be a repeat of 2008 – which hasn’t happened. Others have forecasted a real estate market that could see slight appreciation or depreciation depending on the area of
Spring into Action: Boost Your Home’s Curb Appeal with Expert Guidance
To sell your home this spring, it may need more preparation than it would have a year or two ago. Today’s housing market has a different feel. There are more homes for sale than there were at this time last year, but inventory is still historically low. So, if a house has been sitting on the market
Should You Consider Buying a Newly Built Home?
If you’re thinking about buying a home, you might be focusing on previously owned ones. But with so few houses for sale today, it makes sense to consider all your options, and that includes a home that’s newly built. The Number of Newly Built Homes Is on the Rise While there are more houses for sale
Think Twice Before Waiting for 3% Mortgage Rates
Last year, the Federal Reserve took action to try to bring down inflation. In response to those efforts, mortgage rates jumped up rapidly from the record lows we saw in 2021, peaking at just over 7% last October. Hopeful buyers experienced a hit to their purchasing power as a result, and some decide
What Past Recessions Tell Us About the Housing Market
A Recession Doesn’t Mean Falling Home Prices History helps paint the picture of how a recession could impact the cost of financing a home. A Recession Doesn't Mean Falling Home Prices. Historical data shows that home prices don't fall every time there's a recession. A Recession Means Falling Mortgag
What makes a house a HOME
Owning a home is still one of the most reliable pathways to financial stability, but it's easy to feel overwhelmed if you're in the market right now. While the financial advantages should be taken into consideration, you should also weigh the other important elements that contribute to making a hous
3 Ways You Can Use Your Home Equity
If you’re a homeowner, odds are your equity has grown significantly over the last few years as home prices skyrocketed and you made your monthly mortgage payments. Home equity builds over time and can help you achieve certain goals. According to the latest Equity Insights Report from CoreLogic, the