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Don’t Let Your Luck Run Out! Buy A Home This Spring [INFOGRAPHIC]

Some Highlights: Interest Rates for a 30-year fixed rate mortgage have dropped to 4.41% from near 5% in 2018. Take advantage of more inventory coming to market in the spring to find your dream home! Buying now will allow you to start earning equity today!

By |2019-03-15T04:00:21-06:00March 15th, 2019|First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Infographics, Interest Rates, Move-Up Buyers|Comments Off on Don’t Let Your Luck Run Out! Buy A Home This Spring [INFOGRAPHIC]

4 Reasons to Buy a Home in the Spring

Spring has sprung, and it’s a great time to buy a home! Here are four reasons to consider buying today instead of waiting. 1. Prices Will Continue to Rise CoreLogic’s latest U.S. Home Price Insights reports that home prices have appreciated by 4.4% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.6% over the next year. Home values will continue to appreciate for years. Waiting no longer makes sense. 2. Mortgage Interest Rates Are [...]

By |2019-03-11T04:00:14-06:00March 11th, 2019|First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Interest Rates, Move-Up Buyers, Pricing|Comments Off on 4 Reasons to Buy a Home in the Spring

The Housing Market Will “Spring Forward” This Year!

Just like our clocks this weekend, in the majority of the country, the housing market will soon “spring forward!” Similar to tension in a spring, the lack of inventory available for sale has been holding back the market. Many potential sellers believe that waiting until Spring is in their best interest. Traditionally, they would have been right. Buyer demand has seasonality to it. Usually, this falls off in the winter months, especially in areas of the country impacted by arctic conditions. That hasn’t happened this year. Demand for housing [...]

By |2019-03-04T05:00:31-06:00March 4th, 2019|First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Interest Rates, Move-Up Buyers|Comments Off on The Housing Market Will “Spring Forward” This Year!

Interest Rates Hit New 12 Month Low!

According to Freddie Mac’s Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at their lowest for 2019. Rates like these haven’t been seen since February 2018! Last week’s survey results reported an interest rate of 4.35%. This is a welcome change from the near 5% rates seen in mid-November. At 4.32%, the second week of February 2018 was the last time rates were this low. This can be seen in the chart below. Freddie Mac’s Chief Economist, Sam Khater, [...]

By |2019-02-27T05:00:18-06:00February 27th, 2019|First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers|Comments Off on Interest Rates Hit New 12 Month Low!

What is the Cost of Waiting Until Next Year to Buy? [INFOGRAPHIC]

Some Highlights: The cost of waiting to buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time. Freddie Mac predicts interest rates to rise to 5.1% by the end of 2019. CoreLogic predicts home prices to appreciate by 4.8% over the next 12 months. If you are ready and willing to buy your dream home, find out if you are able to!

By |2019-01-18T05:00:47-06:00January 18th, 2019|First Time Home Buyers, For Buyers, For Sellers, Infographics, Interest Rates, Millennials, Pricing|Comments Off on What is the Cost of Waiting Until Next Year to Buy? [INFOGRAPHIC]

The Cost Across Time [INFOGRAPHIC]

Some Highlights: With interest rates still around 4.5%, now is a great time to look back at where rates have been over the last 40 years. Rates are projected to climb to 5.0% by this time next year according to Freddie Mac. The impact your interest rate makes on your monthly mortgage cost is significant! Lock in a low rate now while you can!

By |2019-01-11T05:00:02-06:00January 11th, 2019|First Time Home Buyers, For Buyers, Infographics, Interest Rates|Comments Off on The Cost Across Time [INFOGRAPHIC]

Is the Recent Dip in Interest Rates Here to Stay?

Interest rates for a 30-year fixed rate mortgage climbed consistently throughout 2018 until the middle of November. After that point, rates returned to levels that we saw in August to close out the year at 4.55%, according to Freddie Mac’s Primary Mortgage Market Survey. After the first week of 2019, rates have continued their downward trend. As Freddie Mac’s Chief Economist Sam Khater notes, this is great news for homebuyers. He states, “Mortgage rates declined to start the new year with the 30-year fixed-rate mortgage [...]

By |2019-01-09T05:00:39-06:00January 9th, 2019|First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates|Comments Off on Is the Recent Dip in Interest Rates Here to Stay?

Excited About Buying A Home This Year? Here’s What to Watch

As we kick off the new year, many families have made resolutions to enter the housing market in 2019. Whether you are thinking of finally ditching your landlord and buying your first home or selling your starter house to move into your forever home, there are two pieces of the real estate puzzle you need to watch carefully: interest rates & inventory. Interest Rates Mortgage interest rates had been on the rise for much of 2018, but they made a welcome reversal at the end [...]

By |2019-01-02T05:00:34-06:00January 2nd, 2019|First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers|Comments Off on Excited About Buying A Home This Year? Here’s What to Watch

Where is the Housing Market Headed in 2019? [INFOGRAPHIC]

Some Highlights: ­Interest rates are projected to increase steadily throughout 2019, but buyers will still be able to lock in a rate lower than their parents or grandparents did when they bought their homes! Home prices will rise at a rate of 4.8% over the course of 2019 according to CoreLogic. All four major reporting agencies believe that home sales will outpace 2018!

By |2018-12-28T05:00:42-06:00December 28th, 2018|First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Infographics, Interest Rates, Move-Up Buyers, Pricing|Comments Off on Where is the Housing Market Headed in 2019? [INFOGRAPHIC]

24 Hours that Suddenly Improved the Market

This year started strong for real estate, but then the market began to soften. Home inventory in the starter and move-up categories dwindled to almost nothing, mortgage rates were projected to rise, and home sales had decreased for several months in a row. To many, the outlook heading into 2019 appeared dim… at best. Then, in a 24-hour window last week, things seemed to change. On Wednesday, the National Association of Realtors’ (NAR) revealed in their Existing Homes Sales Report that home sales had INCREASED for the second [...]

By |2018-12-27T05:00:11-06:00December 27th, 2018|First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Interest Rates|Comments Off on 24 Hours that Suddenly Improved the Market