What’s the Difference between an Appraisal and a Home Inspection?

Buying Myths, First Time Home Buyers, For Buyers, Move-Up Buyers /

\"What’sIf you’re planning to buy a home, an appraisal is an important step in the process. It’s a professional evaluation of the market value of the home you’d like to buy. In most cases, an appraisal is ordered by the lender to confirm or verify the value of the home prior to lending a buyer […]

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Why Moving May Be Just the Boost You Need

First Time Home Buyers, For Buyers, For Sellers, Move-Up Buyers /

\"WhyAs we look back over the past year, we’ve certainly lived through one of the most stressful periods in recent history. After spending so much more time at home throughout the health crisis, some are wondering if they should move to improve their mental health and well-being. This is no surprise since the U.S. Census […]

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What Experts Are Saying about the 2021 Job Market

Distressed Properties, For Buyers, For Sellers, Foreclosures, Housing Market Updates /

\"WhatEarlier this month, the Bureau of Labor Statistics (BLS) released their most recent Jobs Report. The report revealed that the economy lost 140,000 jobs in December. That’s a devastating number and dramatically impacts those households that lost a source of income. However, we need to give it some context. Greg Ip, Chief Economics Commentator at […]

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Owning a Home Is Still More Affordable Than Renting One

Buying Myths, First Time Home Buyers, For Buyers, Interest Rates, Pricing, Rent vs. Buy /

\"OwningIf spending more time at home over the past year is making you really think hard about buying a home instead of renting one, you’re not alone. You may be wondering, however, if the dollars and cents add up in your favor as home prices continue to rise. According to the experts, in many cases, […]

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Should I Wait for Lower Mortgage Interest Rates?

Buying Myths, First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers, Pricing /

\"ShouldHistorically low mortgage rates are a big motivator for homebuyers right now. In 2020 alone, rates hit new record-lows 16 times, and the trend continued into the early part of this year. Many hopeful homebuyers are now wondering if they should put their plans on hold and wait for the lowest rates imaginable. However, the […]

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How to Make the Dream of Homeownership a Reality This Year

Down Payments, First Time Home Buyers, For Buyers, Move-Up Buyers, Rent vs. Buy /

\"HowIn 1963, Martin Luther King, Jr. inspired a powerful movement with his famous “I Have a Dream” speech. Through his passion and determination, he sparked interest, ambition, and courage in his audience. Today, reflecting on his message encourages many of us to think about our own dreams, goals, beliefs, and aspirations. For many Americans, one […]

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Why Right Now May Be the Time to Sell Your House

For Buyers, For Sellers, Housing Market Updates, Interest Rates /

\"WhyThe housing market made an incredible recovery in 2020 and is now positioned for an even stronger year in 2021. Record-low mortgage interest rates are a driving factor in this continued momentum, with average rates hovering at historic all-time lows. According to the latest Realtors Confidence Index Survey from the National Association of Realtors (NAR), buyer demand across the country is […]

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Will Forbearance Plans Lead to a Tsunami of Foreclosures?

Distressed Properties, For Buyers, For Sellers, Foreclosures, Housing Market Updates, Pricing, Short Sales /

\"WillAt the onset of the economic disruptions caused by the COVID pandemic, the government quickly put into place forbearance plans to allow homeowners to remain in their homes without making their monthly mortgage payments. Today, almost three million households are actively in a forbearance plan. Though 29.4% of those in forbearance have continued to stay […]

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