When you read about the housing market in the news, you might see something about a recent decision made by the Federal Reserve (the Fed). But how does this decision affect you and your plans to buy a home? Here's what you need to know.
The Fed is trying hard to reduce inflation. And even though theres been 12 straight months where inflation has cooled
[...]If youre trying to decide if youre ready to buy a home, theres probably a lot on your mind. Youre thinking about your finances, todays mortgage rates and home prices, the limited supply of homes for sale, and more. And, youre juggling how all of those things will impact the choice youll make.
While housing market conditions are definitely a factor in
[...]Many homeowners thinking about selling have two key things holding them back. Thats feeling locked in by todays higher mortgage rates and worrying they wont be able to find something to buy while supply is so low. Lets dive into each challenge and give you some helpful advice on how to overcome these
[...]While this isnt the frenzied market we saw during the unicorn years, homes that are priced right are still selling quickly and seeing multiple offers right now. Thats because the number of homes for sale is still so low. Data from the National Association of Realtors (NAR) shows 76% of homes sold within a month and the average saw 3.5 offers in
[...]Even though the housing market is no longer experiencing the frenzy that was so characteristic of the last couple of years, it doesnt mean todays market is at a standstill. In actuality, buyer traffic is still strong
[...]While the wild ride that was the unicorn years of housing is behind us, todays market is still competitive in many areas because the supply of homes for sale is still low. If youre looking to buy a home this season, know that the peak frenzy of bidding wars is in the rearview mirror, but you may still come up against some multiple-offer
[...]If youre thinking of buying or selling a home, one of the biggest questions you have right now is probably: whats happening with home prices? And its no surprise you dont have the clarity you need on that topic. Part of the issue is how headlines are talking about prices.
Theyre basing their negative news by comparing current stats to the last few years. But you cant compare this year to the
[...]If you've been keeping up with the news lately, you've probably come across headlines talking about the increase in foreclosures in todays housing market. This may have left you with some uncertainty, especially if you're considering
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