Why Homeownership Wins in the Long Run

by admin | Jun 27, 2023 | First Time Home Buyers, For Buyers, Pricing, Rent vs. Buy

Today’s higher mortgage rates, inflationary pressures, and concerns about a potential recession have some people questioning: should I still buy a home this year? While it’s true this year has unique challenges for homebuyers, it’s important to think about the...

Why the Median Home Price Is Meaningless in Today’s Market

by admin | Jun 20, 2023 | For Buyers, For Sellers, Housing Market Updates, Pricing

The National Association of Realtors (NAR) will release its latest Existing Home Sales (EHS) report later this week. This monthly report provides information on the sales volume and price trend for previously owned homes. In the upcoming release, it’ll likely say home...

How Owning a Home Grows Your Wealth with Time [INFOGRAPHIC]

by admin | Jun 16, 2023 | First Time Home Buyers, For Buyers, Infographics, Move-Up Buyers, Pricing

Some HighlightsIf you’re thinking of buying a home this year, be sure to factor in the long-term benefits of homeownership.Over time, homeownership allows you to build equity. On average, nationwide home prices appreciated by 290.2% over the last 32 years.That means...

A Drop in Equity Doesn’t Mean Low Equity

by admin | Jun 14, 2023 | For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, Pricing

You may see media coverage talking about a drop in homeowner equity. What’s important to understand is that equity is tied closely to home values. So, when home prices appreciate, you can expect equity to grow. And when home prices decline, equity does too. Here’s how...

Are Home Prices Going Up or Down? That Depends…

by admin | Jun 12, 2023 | First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, Pricing

Media coverage about what’s happening with home prices can be confusing. A large part of that is due to the type of data being used and what they’re choosing to draw attention to. For home prices, there are two different methods used to compare home prices over...

Why You Can’t Compare Now to the ‘Unicorn’ Years of the Housing Market [INFOGRAPHIC]

by admin | Jun 9, 2023 | For Buyers, For Sellers, Foreclosures, Housing Market Updates, Infographics, Pricing

Some HighlightsComparing housing market metrics from one year to another can be challenging in a normal housing market – and the last few years have been anything but normal. In a way, they were ‘unicorn’ years.Expect unsettling housing market headlines this year,...