Builders Are Building Smaller Homes [INFOGRAPHIC]

May 3, 2024

Some Highlights Having a hard time finding a home in your budget? ​Builders may have a solution that can help. Builders are shifting their attention to what buyers want most right now – smaller, more affordable homes. If you want to see what’s available locally and in other areas nearby, connect with an agent to explore your options together. 

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What Is Going on with Mortgage Rates?

May 2, 2024

You may have heard mortgage rates are going to stay a bit higher for longer than originally expected. And if you’re wondering why, the answer lies in the latest economic data. Here’s a quick overview of what’s happening with mortgage rates and what experts say is ahead. Economic Factors That Impact Mortgage Rates When it comes to mortgage rates, things like the job market, the pace of inflation, consumer spending,…

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The Perks of Buying over Renting

May 1, 2024

Thinking about buying a home? While today’s mortgage rates might seem a bit intimidating, here are two solid reasons why, if you’re ready and able, it could still be a smart move to get your own place. 1. Home Values Typically Go Up Over Time There’s been some confusion over the past year or so about which way home prices are headed. Make no mistake, nationally they’re still going up….

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What More Listings Mean When You Sell Your House

April 30, 2024

The number of homes for sale is playing a big role in today’s housing market. And, if you’re considering whether or not to list your house, today’s limited supply is one of the biggest advantages you have right now. That’s because your house stands out more when the inventory is low, especially if it’s priced right. But the supply of homes for sale is growing. According to the latest data…

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Now’s a Great Time To Sell Your House

April 29, 2024

Thinking about selling your house? If you are, you might be weighing factors like today’s mortgage rates and your own changing needs to figure out your next move. Here’s something else to consider. According to the latest Home Purchase Sentiment Index (HPSI) from Fannie Mae, the percent of respondents who say it’s a good time to sell is on the rise (see graph below): Why Are Sellers Feeling so Optimistic?…

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Equity Can Make Your Move Possible When Affordability Is Tight [INFOGRAPHIC]

April 26, 2024

Some Highlights Did you know the equity you have in your current house can help make your move possible? Once you sell, you can use it for a larger down payment on your next home, so you’re borrowing less. Or, you may even have enough to be an all-cash buyer.  The typical homeowner has $298,000 in equity. If you want to find out how much you have, connect with a…

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The 10 most affordable metro areas for America’s middle class—2 are in Texas

April 25, 2024

Creditnews Research studied income distribution and housing costs in the top 100 metropolitan areas in America. The Midwest and parts of the South are the most affordable for middle-class families. Youngstown, Ohio, is the most affordable metro area, with incentives for homebuyers. Toledo, Ohio, is also affordable, with a lower cost of living compared to New York City. Continue to full article

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Is a Multi-Generational Home Right for You?

April 25, 2024

Ever thought about living in the same house with your grandparents, parents, or other loved ones? You’re not alone. A lot of people are choosing to buy multi-generational homes where everyone can live together. Let’s check out why they think it’s a good idea to see if it might be a good fit for you, too. Why People Are Choosing Multi-Generational Living According to the National Association of Realtors (NAR),…

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US Home Prices Are Set to Rise by 3.1% by February 2025

April 24, 2024

Real estate enthusiasts and homeowners are closely monitoring the housing market, with recent data showing a 5.5% year-over-year increase in home prices nationwide. The market is expected to continue growing, offering opportunities for buyers and sellers. Regional variations highlight diverse dynamics, with some areas at risk of potential declines in home prices. Continue to full article

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Foreclosure Numbers Are Nothing Like the 2008 Crash

April 24, 2024

If you’ve been keeping up with the news lately, you’ve probably come across some articles saying the number of foreclosures in today’s housing market is going up. And that may leave you feeling a bit worried about what’s ahead, especially if you owned a home during the housing crash in 2008. The reality is, while increasing, the data shows a foreclosure crisis is not where the market is headed. Here’s…

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