Archive: April 2023

Trying To Buy a Home? Hang in There.
Buying Myths, First Time Home Buyers, For Buyers, Move-Up Buyers, Pricing | April 6, 2023
Trying To Buy a Home? Hang in There.

We’re still in a sellers’ market. And if you’re looking to buy a home, that means you’re likely facing some unique challenges, like difficulty finding a home and volatile mortgage rates. But keep in mind, there are some benefits to being a buyer in today’s market that give you good reason to stick with your search. Here are a few…

Why Aren’t Home Prices Crashing?
For Buyers, For Sellers, Housing Market Updates | April 5, 2023
Why Aren’t Home Prices Crashing?

There have been a lot of shifts in the housing market recently. Mortgage rates rose dramatically last year, impacting many people’s ability to buy a home. And after several years of rapid price appreciation, home prices finally peaked last summer. These changes led to a rise in headlines saying prices would end up crashing. Even though we’re no longer seeing…

Two Reasons You Should Sell Your House
For Sellers, Housing Market Updates, Selling Myths | April 4, 2023
Two Reasons You Should Sell Your House

Wondering if you should sell your house this year? As you make your decision, think about what’s motivating you to consider moving. A recent survey from realtor.com asked why homeowners are thinking about selling their houses this year. Here are the top two reasons (see graphic below): Let’s break those reasons down and explore how they might resonate with you….

How Changing Mortgage Rates Can Affect You
Buying Myths, For Buyers, Interest Rates | April 3, 2023
How Changing Mortgage Rates Can Affect You

The 30-year fixed mortgage rate has been bouncing between 6% and 7% this year. If you’ve been on the fence about whether to buy a home or not, it’s helpful to know exactly how a 1%, or even a 0.5%, mortgage rate shift affects your purchasing power. The chart below helps show the general relationship between mortgage rates and a…