Just like our clocks this weekend in the majority of the country, the housing market will soon “spring forward!” Similar to tension in a spring, the lack of inventory available for sale in the market right now is what is holding back the market. Many potential sellers believe that waiting until Spring is in their best interest, and… [Read More]
Mortgage Rates on FIRE! Home Prices Up in Smoke?
Mortgage interest rates have already risen by over a quarter of a percentage point in 2018. Many are projecting that rates could increase to 5% by the end of the year. What impact will rising rates have on house values? Many quickly jump to the conclusion that an increase in mortgage rates will have a… [Read More]
2 Major Myths Holding Back Home Buyers
Are these 2 Major Myths Holding You Back? Urban Institute recently released a report entitled, “Barriers to Accessing Homeownership,” which revealed that “eighty percent of consumers either are unaware of how much lenders require for a down payment or believe all lenders require a down payment above 5 percent.” These are the 2 major myths that are holding home… [Read More]
The Impact of Tight Inventory on the Housing Market
The Impact of Tight Inventory on the Housing Market The housing crisis is finally in the rearview mirror as the real estate market moves down the road to a complete recovery. Home values are up, home sales are up, and distressed sales (foreclosures and short sales) have fallen to their lowest points in years…. [Read More]
5 Ways for Homebuyers to Make an Alluring Offer
Because it’s never too early to start this conversation… Here are five ways to make your home offer stand out: Get the Seller to Like You! Letting the seller know why you want to live in the property they once called home improves your chances of winning a bid.That’s how homebuyer Ann Banks recently landed… [Read More]
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