Even though home prices have moderated over the last year, many homeowners still have an incredible amount of equity. But what is equity? In the simplest terms, equity is the difference between the market value of your home and the amount you owe on your mortgage. The
[...]While home prices vary by local area, theyve already hit their low point nationally, and now theyre starting to rise again.
Last July, prices started to decline, but around February, they began climbing back up.
If you put your plans to move on hold waiting to see what would happen with home prices, reach out to a local real estate expert to discuss if nows the right time to jump back
[...]While home prices vary by local area, theyve already hit their low point nationally, and now theyre starting to rise again.
Last July, prices started to decline, but around February, they began climbing back up.
If you put your plans to move on hold waiting to see what would happen with home prices, reach out to a local real estate expert to discuss if nows the right time to jump back
[...]If youre thinking about selling your house, you should know the number of homes for sale right now is low. Thats because, this season, there are fewer sellers listing their houses for sale than the norm.
Looking back at every April since 2017, the only year when fewer sellers listed their homes was in April 2020, when the pandemic hit and stalled the housing market
[...]If youre reading headlines about inflation or mortgage rates, you may see something about the recent decision from the Federal Reserve (the Fed). But what does it mean for you, the housing market, and your plans to buy a home? Heres what you need to know.
While the Feds working hard to lower inflation, the latest
[...]Theres been some concern lately that the housing market is headed for a crash. And given some of the affordability challenges in the housing market, along with a lot of recession talk in the media, its easy enough to understand why that worry has come up.
But the data clearly shows todays market is very different than it was before the
[...]If youre looking to buy a house, you may find todays limited supply of homes available for sale challenging. When housing inventory is as low as it is right now, it can feel like a bit of an uphill battle to find the perfect home for you because there just isnt that much to choose from. If you need to open up your pool of options, it may be
[...]Downsizing has long been a popular option when homeowners reach retirement age. But there are plenty of other life changes that could make downsizing worthwhile. Homeowners who have experienced a change in their lives or no longer feel like their house fits their needs may benefit from downsizing too. U.S. News explains:
[...]Downsizing is somewhat common among older people andretireeswho no longer have children living at home. But these
If youre a homeowner thinking about making a move, you may wonder if its still a good time to sell your house. Heres the good news. Even with higher mortgage rates, buyer traffic is actually picking up speed.
Datafrom the latest ShowingTime Showing Index, which is a measure of buyers actively touring homes, helps paint the picture of how much buyer demand has increased in recent months
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