by admin | Oct 17, 2024 | Buying Tips, For Buyers, Mortgage Rates
Homeowners typically slow down their moving plans as the summer months wrap up, and as a result, fewer homes are listed for sale in the fall. It’s a predictable, seasonal trend in real estate. But this year, mortgage rates came down at the same time the number of...
by admin | Oct 16, 2024 | Affordability, Equity, For Buyers, Home Prices, Mortgage Rates
Did you know? Homeowners are often able to put more money down when they buy their next home. That’s because, once they sell, they can use the equity they have in their current house toward their next down payment. And it’s why as home equity reaches a new height, the...
by admin | Oct 7, 2024 | Equity, For Sellers, Mortgage Rates
If you’ve been wanting to sell your house and move up to a bigger or nicer home, you’re not alone. A recent Inman survey reveals the top motivator for today’s homebuyers is the desire for more space or an upgraded home (see graph below):But there’s also a good chance...
by admin | Oct 4, 2024 | Affordability, Home Prices, Infographics, Mortgage Rates
Some HighlightsAffordability is based on three key factors: mortgage rates, home prices, and wages.And today, it’s improving quickly as rates come down, prices level off, and wages climb. If you put your search on pause because it was too expensive to buy, connect...
by admin | Oct 1, 2024 | For Buyers, Mortgage Rates
After months of sitting on the sidelines, many homebuyers who were priced out by high mortgage rates and affordability challenges finally have an opportunity to make their move. With rates trending down, today’s market is a sweet spot for buyers—and it’s one that may...
by admin | Sep 30, 2024 | Affordability, For Buyers, Home Prices, Inventory, Mortgage Rates
That’s right—according to a recent study from Zillow, in 22 of the 50 largest metro areas, monthly mortgage payments are now lower than rent payments (see chart below):As mortgage rates have eased off their recent peak, home prices have moderated, and inventory has...
