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111,285 Reasons You Should Buy a Home This Year

111,285 Reasons You Should Buy a Home This Year

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The financial benefits of buying a home versus renting one are always up for debate. However, one element of the equation is often ignored – the ability to build wealth as a homeowner. According to the latest research from the National Association of Realtors (NAR): “Homeownership is a key pathway to building wealth and narrowing the racial income and wealth inequality gap. Housing wealth (equity) accumulation takes time and is… Read More »111,285 Reasons You Should Buy a Home This Year

The Main Key To Understanding the Rise in Mortgage Rates

The Main Key To Understanding the Rise in Mortgage Rates

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Every Thursday, Freddie Mac releases the results of their Primary Mortgage Market Survey which reveals the most recent movement in the 30-year fixed mortgage rate. Last week, the rate was announced as 3.01%. It was the first time in three months that the mortgage rate surpassed 3%. In a press release accompanying the survey, Sam Khater, Chief Economist at Freddie Mac, explains: “Mortgage rates rose across all loan types this… Read More »The Main Key To Understanding the Rise in Mortgage Rates

Is the number of homes for sale finally growing

Is the Number of Homes for Sale Finally Growing?

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An important metric in today’s residential real estate market is the number of homes available for sale. The shortage of available housing inventory is the major reason for the double-digit price appreciation we’ve seen in each of the last two years. It’s the reason many would-be purchasers are frustrated with the bidding wars over the homes that are available. However, signs of relief are finally appearing. According to data from… Read More »Is the Number of Homes for Sale Finally Growing?

Home price appreciation is skyrocketing in 2021

Home Price Appreciation Is Skyrocketing in 2021. What About 2022?

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One of the major story lines over the last year is how well the residential real estate market performed. One key metric in the spotlight is home price appreciation. According to the latest indices, home prices are skyrocketing this year.   Here are the latest percentages showing the year-over-year increase in home price appreciation: The House Price Index (HPI) from the Federal Housing Finance Agency (FHFA): 18.8% The S. National… Read More »Home Price Appreciation Is Skyrocketing in 2021. What About 2022?

Fall is the best season of all for house sale

Reasons You Should Consider Selling This Fall

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If you’re trying to decide when to sell your house, there may not be a better time to list than right now. The ultimate sellers’ market we’re in today won’t last forever. If you’re thinking of making a move, here are four reasons to put your house up for sale sooner rather than later. 1. Your House Will Likely Sell Quickly According to the Realtors Confidence Index released by the National Association of… Read More »Reasons You Should Consider Selling This Fall

Surprising Shift Favors Homeowners: Buyers Now Prefer Existing Homes

More Young People Are Buying Homes

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There’s a common misconception that younger generations aren’t interested in homeownership. Many people point to the fact that millennials put off purchasing their first home as a reason for this belief. Odeta Kushi, Deputy Chief Economist for First American, explains why millennials have put off certain milestones linked to homeownership. Those delays led to their homeownership rates trailing slightly behind older generations: “Historically, millennials have delayed the critical lifestyle choices… Read More »More Young People Are Buying Homes

A Look at Home Price Appreciation and What It Means for Sellers

A Look at Home Price Appreciation and What It Means for Sellers

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When you hear the phrase home price appreciation, what does it mean to you? Through context clues alone, chances are you know it has to do with rising home prices. And as a seller, you know rising home prices are good news for your potential sale. But let’s look past the dollar signs and dive deeper into the concept. To truly understand home price appreciation, you need to know how… Read More »A Look at Home Price Appreciation and What It Means for Sellers

The Community and Economic Impacts of a Home Sale

The Community and Economic Impacts of a Home Sale

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If you’re thinking of buying or selling a house, chances are you’re focusing on the many extraordinary ways it’ll change your life. What you may not realize is that decision impacts people’s lives far beyond your own. Home purchases and sales are significant drivers of economic activity. They have a major impact on your community and the entire U.S. economy via the multiple industries and professionals that take part in… Read More »The Community and Economic Impacts of a Home Sale

What You Should Do Before Interest Rates Rise

What You Should Do Before Interest Rates Rise

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In today’s real estate market, mortgage interest rates are near record lows. If you’ve been in your current home for several years and haven’t refinanced lately, there’s a good chance you have a mortgage with an interest rate higher than today’s average. Here are some options you should consider if you want to take advantage of today’s current low rates before they rise. Sell and Move Up (or Downsize) Many… Read More »What You Should Do Before Interest Rates Rise

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