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The biggest shock to homebuyers is the soaring mortgage rates of 2022 that doubled in one year resulting in approximately 15 million mortgage ready buyers displaced from the market due to affordability issues. As of February 23, 2023, the 30-year fixed rate mortgage was at 6.5%. While that is twice […]
Getting Comfortable with the New Normal Mortgage Rates Read More »
After steadily falling over the winter, mortgage rates have started to rise in recent weeks. This is concerning to some potential homebuyers as the combination of higher mortgage rates and higher prices have made homes less affordable. So, if you’re planning to purchase a home this year, you too may be wondering if now’s the right time to buy or if you should hold off on your search until rates come back down.
What You Should Know About Rising Mortgage Rates Read More »
One of the many reasons to buy a home is that it’s a major way to build wealth and gain financial stability. According to Freddie Mac:
One Major Benefit of Investing in a Home Read More »
![Checklist for Selling Your House This Spring [INFOGRAPHIC] Simplifying The Market](https://files.simplifyingthemarket.com/wp-content/uploads/2023/02/22133518/Checklist-For-Selling-This-Spring-KCM-Share.png)
Checklist for Selling Your House This Spring [INFOGRAPHIC] Read More »
According to a recent Harris Poll survey, 8 in 10 Americans say buying a home is a priority, and 28 million Americans actually plan to buy within the next 12 months. Homeownership provides many financial and nonfinancial benefits, so that interest is understandable.
How To Make Your Dream of Homeownership a Reality Read More »
Many people are reaching the point in their lives when they need to decide where they want to live when they retire. If you’re a homeowner approaching this stage, you have several options to explore. Jessica Lautz, Deputy Chief Economist and Vice President of Research at the National Association of Realtors (NAR), says:
A Smaller Home Could Be Your Best Option Read More »
Locking your interest rate protects you from increases due to market conditions. Locking early safeguards your budgeted payment. By locking the rate, if the market goes up, you get the lower rate; if it goes down after the lock, you may be able to pay a fee and lower the
When do you lock your mortgage rate? Read More »
The biggest challenge the housing market’s facing is how few homes there are for sale. Mark Fleming, Chief Economist at First American, explains the root causes of today’s low supply:
The Two Big Issues the Housing Market’s Facing Right Now Read More »
To sell your home this spring, it may need more preparation than it would have a year or two ago. Today’s housing market has a different feel. There are more homes for sale than there were at this time last year, but inventory is still historically low. So, if a house has been sitting on the market for a while, that’s a sign it may not be hitting the mark for potential buyers. But here’s the thing. Right now, homes that are updated and priced at market value are still selling fast.
Spring into Action: Boost Your Home’s Curb Appeal with Expert Guidance Read More »
![The Spring Housing Market Could Be a Sweet Spot for Sellers [INFOGRAPHIC] Simplifying The Market](https://files.simplifyingthemarket.com/wp-content/uploads/2023/02/16105228/The-Spring-Housing-Market-Could-Be-A-Sweet-Spot-For-Sellers-KCM-Share.png)
The Spring Housing Market Could Be a Sweet Spot for Sellers [INFOGRAPHIC] Read More »
The recent changes in home prices are top of mind for many as the housing market begins gearing up for spring. It can be hard to navigate misleading headlines and confusing data, so here’s what you should know about today’s home prices.
Wondering What’s Going on with Home Prices? Read More »
If you’re thinking about buying a home, you might be focusing on previously owned ones. But with so few houses for sale today, it makes sense to consider all your options, and that includes a home that’s newly built.
Should You Consider Buying a Newly Built Home? Read More »
