February, 2021 | The Paradigm Realty Group

It’s a Sellers’ Market [INFOGRAPHIC]

For Sellers, Housing Market Updates, Infographics, Move-Up Buyers, Pricing / By Ajeenah Crittendon

Some Highlights

Over the past year, homeowners have gained an unprecedented opportunity to sell with great success while buyer demand is soaring.
With homes selling twice as fast as they did last year at this time, getting multiple offers, and risin…

Are There Going to Be More Homes to Buy This Year?

Buying Myths, Distressed Properties, First Time Home Buyers, For Buyers, For Sellers, Foreclosures, Housing Market Updates, Move-Up Buyers, New Construction, Selling Myths / By Ajeenah Crittendon

$\"Are$ If you’re looking for a home to purchase right now and having trouble finding one, you’re not alone. At a time like this when there are so few houses for sale, it’s normal to wonder if you’ll actually find one to buy. According to the National Association of Realtors (NAR), across the country, inventory of […]

How Much Leverage Do Today’s House Sellers Have?

For Sellers, Housing Market Updates, Move-Up Buyers, New Construction, Pricing, Selling Myths / By Ajeenah Crittendon

$\"How$ The housing market has been scorching hot over the last twelve months. Buyers and their high demand have far outnumbered sellers and a short supply of houses. According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), sales are up 23.7% from the same time last year while the inventory […]

The Reason Mortgage Rates Are Projected to Increase and What It Means for You

Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers / By Ajeenah Crittendon

$\"The$ We’re currently experiencing historically low mortgage rates. Over the last fifty years, the average on a Freddie Mac 30-year fixed-rate mortgage has been 7.76%. Today, that rate is 2.81%. Flocks of homebuyers have been taking advantage of these remarkably low rates over the last twelve months. However, there’s no guarantee rates will remain this low […]

Where Have All the Houses Gone?

For Buyers, For Sellers, Housing Market Updates, Pricing, Selling Myths / By Ajeenah Crittendon

$\"Where$ In today’s housing market, it seems harder than ever to find a home to buy. Before the health crisis hit us a year ago, there was already a shortage of homes for sale. When many homeowners delayed their plans to sell at the same time that more buyers aimed to take advantage of record-low mortgage […]

Home Mortgage Rates by Decade [INFOGRAPHIC]

First Time Home Buyers, For Buyers, Infographics, Interest Rates, Move-Up Buyers / By Ajeenah Crittendon

Some Highlights

Mortgage interest rates have dropped considerably over the past year, and compared to what we’ve seen in recent decades, it’s a great time to buy a home.
Locking in a low rate today could save you thousands of dollars over the lifeti…

Will Low Mortgage Rates Continue through 2021?

First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers / By Ajeenah Crittendon

$\"Will$ With mortgage interest rates hitting record lows so many times recently, some are wondering if we’ll see low rates continue throughout 2021, or if they’ll start to rise. Recently, Freddie Mac released their quarterly forecast, noting: “The average 30-year fixed-rate mortgage hit a record low over a dozen times in 2020 and the low interest […]

3 Ways Home Equity Can Have a Major Impact on Your Life

Distressed Properties, For Buyers, For Sellers, Foreclosures, Rent vs. Buy / By Ajeenah Crittendon

$\"3$ There have been a lot of headlines reporting on how homeowner equity (the difference between the current market value of your home and the amount you owe on your mortgage) has dramatically increased over the past few years. CoreLogic indicated that equity increased for the average homeowner by $17,000 in the last year alone. ATTOM […]

Millennials: Is It Time to Buy a Bigger Home?

Demographics, For Buyers, For Sellers, Millennials, Move-Up Buyers / By Ajeenah Crittendon

$\"Millennials:$ In today’s housing market, all eyes are on millennials. Not only are millennials the largest generation, but they’re also currently between 25 and 40 years old. These are often considered prime homebuying years when many people begin to form their own households and invest in real estate. If you’re like many millennials who are spending […]

3 Ways You’ll Win When You Buy a Home This Year

First Time Home Buyers, For Buyers, Interest Rates / By Ajeenah Crittendon

$\"3$ There are so many great reasons to purchase a home, and over the past year, we’ve realized more of them than we ever thought possible. If you’re a first-time homebuyer, having a home of your own can give you a greater sense of security and accomplishment in a time that’s largely uncertain. If you’re a […]

February 2021