You've probably caught wind that mortgage rates are poised to linger at higher levels for an extended period compared to initial projections. But what's driving this change? The latest economic data holds the key. Let's dive into a concise overview of the current state of mortgage rates and what leading experts foresee on the horizon.
Read MoreRecent data from Fannie Mae reveals that nearly a quarter of individuals anticipate a decline in home prices. If you find yourself among those concerned, it's important to grasp the following: much of this apprehension likely stems from media narratives or online sources. However, it's crucial to bear in mind that negative news tends to capture attention. Consequently, you may not be receiving the full picture. Here’s what you really need to know about home prices in today’s real estate market.
Read MoreIf purchasing a home has been on your mind, chances are mortgage rates are a significant consideration. They might even be the reason you've postponed your plans. When rates surged close to 8% last year, many prospective buyers discovered that the financial calculations no longer aligned with their budget. It's possible this is also true for you. Here’s how to find the mortgage rate you need to move.
Read MoreThinking about moving soon? You might be curious about whether there'll be more houses up for grabs, where prices and mortgage rates are going, and how to handle today’s housing market. Here's what the experts have to say about what to expect this season.
Read MoreIf you're banking on a housing market crash to lower home prices, the data tells a different story. Spoiler alert: that scenario isn't likely. Experts predict that home prices will continue to rise. The current housing market differs significantly from the pre-2008 crash era. We delve into why that is and what it means.
Read MoreAs 2023 approached, speculation abounded regarding a looming recession that could precipitate a housing market collapse. Certain voices in the media went so far as to predict a potential 10-20% decline in home prices, which may have instilled some apprehension about homeownership. Yet, reality unfolded differently: home prices defied expectations and surged beyond the norm. Here’s why that is beneficial to you as a homeowner and why your home is a powerful investment.
Read MoreAre you undecided about selling your house? Despite some improvements in affordability this year, the market remains challenging, which might weigh on your mind. However, gaining insight into your home equity could simplify your decision-making process. Let’s look at how home equity can be a game changer when selling.
Read MoreWhat is the difference in new worth between homeowners and renters? The wealth gap between renters and homeowners stems from homeowners' equity growth through property appreciation and monthly mortgage payments, acting as enforced savings. Homeownership yields financial returns upon selling. In contrast, renters don't gain financial benefits from monthly payments. Here’s what that all means.
Read MoreTo achieve your goal of buying or selling a home in 2024, it's crucial to grasp the current housing market, define your objectives, and collaborate with real estate professionals to shape your homeownership vision. Given the economy's influence on the housing market and personal finances in the past year, understanding both the present market dynamics and your aspirations regarding property transactions is essential for success.
Read MoreThe new year is right around the corner, and you might be wondering if 2024 will be the right time to buy or sell a home. If you want to make the most informed decision possible, it’s important to know what the experts have to say about what's ahead for the housing market. Spoiler alert: the projections may be better than you think.
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