Did you know? Many homeowners are able to make larger down payments when purchasing their next home. This is because when they sell, they can apply the equity from their current property towards their new home’s down payment. As home equity continues to climb, so does the median down payment.
Dispelling the Myth About Newly Built Homes Some buyers mistakenly believe that newly built homes lack durability or don’t match the quality of older homes. Unfortunately, this misconception is steering many potential homeowners away from one of the best options available in today’s market. As Builder Online points out: “With
If you’re eager to become a homeowner but the high prices of single-family houses have you hesitating, a condominium (condo) or townhome could be the perfect alternative. These properties often provide a more accessible entry point into the market, allowing you to start building equity and enjoying the perks of
According to a recent study, in 22 of the top 50 metro areas, buying a home can actually be more affordable than renting, with monthly mortgage payments coming in lower than rent. To find out if this holds true in your city, it’s important to work with a professional who
If you’re considering selling your home, you’re likely curious about the potential costs involved. The truth is, the total cost can vary based on several factors—such as the offer you accept, whether you assist with your buyer’s closing costs, the repairs you decide to make, and more. To give you
Is a Housing Market Crash Really Looming? Here’s Why You Shouldn’t Worry Lately, there’s been a lot of talk about the economy, with some whispers about a potential recession. It’s understandable if that kind of buzz has you concerned about a possible housing market crash. But don’t stress — the
“That’s correct—based on a recent Zillow study, in 22 out of the 50 largest metropolitan areas, monthly mortgage payments have now dipped below the cost of renting (refer to the chart below):” As mortgage rates have eased from their recent peak, home prices have stabilized, and inventory has increased, affordability
Is Your Home Sitting on the Market Too Long? Here’s Why You Shouldn’t Pull the Listing Yet Has your home been on the market longer than you’d hoped? If so, you’re likely feeling the frustration. Maybe you’re even considering pulling your listing and waiting for 2025. But before you make
If you’ve been thinking about selling your current home to upgrade to a larger or more luxurious one, you’re in good company. According to a recent Inman survey, the primary reason motivating today’s homebuyers is the need for more space or a home upgrade (see graph below):
Affordability is based on three key factors: mortgage rates, home prices, and wages. And today, it’s improving quickly as rates come down, prices level off, and wages climb. If you put your search on pause because it was too expensive to buy, let’s talk about why now may be the
