There are two ways of looking at today’s housing market. On the one hand, buying conditions have gotten more challenging, as prices and mortgage rates have risen. On the other hand, the market looks like it’s starting to cool off, after an overheated year where the number of interested buyers far outpaced the supply of …
Home prices have spiked over the past year. The most recent S&P Case-Shiller Home Price indices, for example, show, that in the 12 months ending in February, prices rose at the third-fastest pace in the 35 years they’ve been tracking them. S&P’s index – which is considered among the leading measures of U.S. home prices …
The number of home buyers looking to move to a new area continues to climb, according to a recently released report. The trend began when the pandemic first started early in 2020. The share of prospective home buyers thinking about moving to metros grew as mitigation efforts changed the way we lived our day-to-day lives. …
New numbers from the National Association of Realtors show sales of previously owned homes fell 2.7 percent in March, pushing sales 4.5 percent lower than they were last year at the same time. It was the second straight month home sales slowed. Lawrence Yun, NAR’s chief economist, says homes are still selling quickly despite the …
Sometimes you have to move. Maybe you need a bigger house to accommodate a growing family. Maybe you need to move for a job. Whatever the case, there are certain situations that make a move unavoidable. There are other times, however, that the decision to move isn’t quite as clear-cut. In those cases, there are …
Home buyers typically know their price range and approximate mortgage rate. After all, without knowing those two things, it’d be much more difficult to calculate their potential monthly mortgage payment. But those aren’t the only two factors that determine how much owning a particular house will cost. For example, property tax is also a factor, …
What Should Buyers Expect To Pay In Property Tax? Read More »
There’s a frustratingly low number of homes for sale these days. Low inventory has been pushing prices higher and making it harder for home buyers to find a home to buy. It hasn’t, though, kept buyers from trying. In fact, buyer demand remains high. And fortunately for those hopeful home shoppers, it looks like relief …
It’s not surprising that home buyers would rank location as their top consideration when shopping for a home. After all, if your family, friends, and job are all in Dallas, finding the perfect house in San Diego doesn’t do you much good. In other words, few of us can say we don’t care at all …
Your household budget is a reflection of your personal priorities. No two budgets are the same. That’s why it’s important to take a look at yours when thinking about how much house you can afford. Knowing how and where you’re spending money will give you a good idea of how a monthly mortgage payment will …
