For Buyers

Auto Added by WPeMatico

Interest Rates Over Time [INFOGRAPHIC]

By |2020-02-21T11:00:17+00:00February 21st, 2020|

Some Highlights: With interest rates hovering at near historic lows, now is a great time to look back at where they’ve been, and how much they’ve changed over time. According to Freddie Mac, mortgage interest rates are currently hovering near a five-decade low. The impact your interest rate has on your monthly mortgage payment is significant.

The #1 Misconception in the Homebuying Process

By |2020-02-20T11:00:19+00:00February 20th, 2020|

After over a year of moderating home prices, it appears home value appreciation is about to reaccelerate. Skylar Olsen, Director of Economic Research at Zillow, explained in a recent article:  “A year ago, a combination of a government shutdown, stock market slump and mortgage rate spike caused a long-anticipated inventory rise. That supposed boom turned

Three Reasons Why Pre-Approval Is the First Step in 2020

By |2020-02-03T20:07:41+00:00February 3rd, 2020|

When the number of buyers in the housing market outnumbers the number of homes for sale, it’s called a “seller’s market.” The advantage tips toward the seller as low inventory heats up the competition among those searching for a place to call their own. This can create multiple offer scenarios and bidding wars, making it tough

How Buyers Can Win By Downsizing in 2020

By |2020-01-22T17:23:34+00:00January 22nd, 2020|

Home values have been increasing for 93 consecutive months, according to the National Association of Realtors. If you’re a homeowner, particularly one looking to downsize your living space, that’s great news, as you’ve likely built significant equity in your home. Here’s some more good news: mortgage rates are expected to remain low throughout 2020 at

Housing Inventory Vanishing: What Is the Impact on You?

By |2020-01-16T23:21:37+00:00January 16th, 2020|

The real estate market is expected to do very well this year as mortgage rates remain at historic lows. One challenge to the housing industry is the lack of homes available for sale. Last week, move.com released a report showing that 2020 is beginning with the lowest available housing inventory in two years. The report

Homes Are More Affordable Today, Not Less Affordable

By |2020-01-16T23:28:07+00:00January 15th, 2020|

There’s a current narrative that owning a home today is less affordable than it has been in the past. The reason some are making this claim is because house prices have substantially increased over the last several years. It’s not, however, just the price of a home that matters. Homes, in most cases, are purchased

Expert Insights on the 2020 Housing Market

By |2019-12-31T23:43:32+00:00December 31st, 2019|

When closing out another year, it’s normal to wonder what’s ahead for the housing market. Though there will be future inventory issues, we expect interest rates to stay low and appreciation to continue.   Here’s what three experts are saying we’ll likely see in 2020: Danielle Hale, Chief Economist at realtor.com “I think the biggest

The Biggest Issue Facing Housing Next Year

By |2019-12-31T22:07:07+00:00December 18th, 2019|

This coming year the housing market will be defined by 3 things- inventory, interest rates, and appreciation.  But the biggest issue the housing market will face in 2020 is an inventory shortage.  There aren’t enough homes on the market for buyers, especially on the lower end of the market. This is a topic that has

Holiday Gifts Are Not the Only Hot Things Right Now

By |2019-12-18T22:34:00+00:00December 12th, 2019|

Black Friday is behind us and holiday gifts are flying off the shelves in stores and online. Unlike last year, however, there’s another type of buyer that is very active this winter – the homebuyer. Each month, ShowingTime releases their Showing Index, which tracks the average number of appointments received on active U.S. house listings.