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 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 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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