Mortgage rates are on the rise this year, but they’re still incredibly low compared to the historic average. However, anytime there’s a change in the mortgage rate, it affects what you can afford to borrow when you’re buying a home. As Sam Khater, Chief Economist at Freddie Mac, shares: “Since January, mortgage rates have increased half a ...
Continue ReadingI have never seen the local real estate market be this tough on home buyers. Many of my colleagues will say the same. Today’s homebuyers are faced with a strong, even unprecedented, sellers’ market, which means there are a lot of active buyers competing for a relatively low number of available homes. As ...
Continue ReadingIt’s not much of a secret: finding and purchasing an ideal home is really, really tough right now. Clients of mine got a little discouraged recently when they missed out to seven other offers — one cash — on a home that went well above asking. What did I tell ...
Continue ReadingHome values appreciated by about ten percent in 2020, and they’re forecast to appreciate by about five percent this year. This has some voicing concern that we may be in another housing bubble like the one we experienced a little over a decade ago. Here are three reasons why this ...
Continue ReadingAround this time each year, many homeowners decide to wait until after the holidays to sell their houses. Similarly, others who already have their homes on the market remove their listings until the spring. Let’s unpack the top reasons why selling your house now, or keeping it on the market ...
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