For Buyers

Is the Number of Homes for Sale Finally Growing?

First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers /

\"IsAn important metric in today’s residential real estate market is the number of homes available for sale. The shortage of available housing inventory is the major reason for the double-digit price appreciation we’ve seen in each of the last two years. It’s the reason many would-be purchasers are frustrated with the bidding wars over the […]

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Home Price Appreciation Is Skyrocketing in 2021. What About 2022?

For Buyers, For Sellers, Housing Market Updates, Pricing /

\"HomeOne of the major story lines over the last year is how well the residential real estate market performed. One key metric in the spotlight is home price appreciation. According to the latest indices, home prices are skyrocketing this year. Here are the latest percentages showing the year-over-year increase in home price appreciation: The House […]

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5 Reasons Today’s Housing Market Is Anything but Normal

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

\"5There are many headlines out there that claim we’re reverting to a more normal real estate market. That would indicate the housing market is returning to the pre-pandemic numbers we saw from 2015-2019. But that’s not happening. The market is still extremely vibrant as demand is still strong even while housing supply is slowly returning. […]

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What You Can Do Right Now To Prepare for Homeownership

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

\"WhatAs rent prices continue to soar, many renters want to know what they can do to get ready to buy their first home. According to recent data from ApartmentList.com: “The first half of 2021 has seen the fastest growth in rent prices since the start of our estimates in 2017. Our national rent index has […]

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What Buyers and Sellers Need To Know About the Appraisal Gap

Buying Myths, For Buyers, For Sellers, Housing Market Updates, Pricing /

\"WhatIt’s economy 101 – when supply is low and demand is high, prices naturally rise. That’s what’s happening in today’s housing market. Home prices are appreciating at near-historic rates, and that’s creating some challenges when it comes to home appraisals. In recent months, it’s become increasingly common for an appraisal to come in below the […]

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The Difference in Net Worth Between Homeowners and Renters Is Widening

First Time Home Buyers, For Buyers, Rent vs. Buy /

\"TheBecoming financially secure is an important goal for many people today, but some don’t realize just how much homeownership can help them achieve that dream. A recent report, The Journey Toward Financial Freedom, surveys Americans about their perspective on financial wellness and their goals. It shows there may be a significant misconception about the role […]

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If Housing Affordability Is About the Money, Don’t Forget This.

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

\"IfThere are many non-financial benefits of buying your own home. However, today’s headlines seem to be focusing primarily on the financial aspects of homeownership – specifically affordability. Many articles are making the claim that it’s not affordable to buy a home in today’s market, but that isn’t the case. Today’s buyers are spending approximately 20% […]

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What Do Experts Say About Today’s Mortgage Rates?

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

\"WhatMortgage rates are hovering near record lows, and that’s good news for today’s homebuyers. The graph below shows mortgage rates dating back to 2016 and where today falls by comparison. Generally speaking, when rates are low, you can afford more home for your money. That’s why experts across the industry agree – today’s low rates […]

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