[:en]No matter how the housing market changes, there are some things about The National Association of Realtors (NAR) also explains:“In addition to tangible financial benefits, homeownership brings substantial social benefits for [households], communities, and the country as a whole.”In other words, not only does owning a home build your net worth over time, but it also gives you and your loved Continue Reading
Archives for February 2023
What You Should Know About Closing Costs
Before you buy a home, it’s important to plan ahead. While most buyers consider how much they need to save for a down payment, many are surprised by the closing costs they have to pay. To ensure you aren’t caught off guard when it’s time to close on your home, you need to understand what closing costs are and how much you should budget for. Continue Reading
How To Win as a Buyer in Today’s Housing Market [INFOGRAPHIC]
Why Today’s Housing Market Isn’t Headed for a Crash
This graph also shows just how different things are today compared to the spike in credit availability leading up to the crash. Tighter lending standards have helped prevent a situation that could lead to a wave of foreclosures like the last time.Foreclosure Volume Has Declined a Lot Since the CrashAnother difference is the number of homeowners that were facing foreclosure when the housing bubble Continue Reading
Number of Homes for Sale Up from Last Year, but Below Pre-Pandemic Years
The biggest challenge in the housing market right now, and likely for years to come, is how few homes there are for sale compared to the number of people who want to buy. That’s why, if you’re thinking about selling your house, this is a great time to do so. Your house would be welcome in a market that has fewer homes for sale than it did in the years leading up to the pandemic. Continue Reading
How Experts Can Help Close the Gap in Today’s Homeownership Rate
As we celebrate Black History Month, we reflect on the past and present experiences of Black Americans. This includes the path toward investing in a home of their own. And while equitable access to housing has come a long way, homeownership can be a steeper climb for households of color. It’s an important experience to talk about, along with how it can make all the difference for diverse Continue Reading
The Top Reasons for Selling Your House
Many of today’s homeowners bought or refinanced their homes during the pandemic when mortgage rates were at history-making lows. Since rates doubled in 2022, some of those homeowners put their plans to move on hold, not wanting to lose the low mortgage rate they have on their current house. And while today’s rates have started coming down from last year’s peak, they’re still higher than they were Continue Reading
You May Not Need as Much as You Think for Your Down Payment [INFOGRAPHIC]
Experts Forecast a Turnaround in the Housing Market in 2023
The housing market has gone through a lot of change recently, and much of that was a result of how quickly mortgage rates rose last year. Continue Reading
Should You Rent Your House or Sell It?
If you’re a homeowner ready to make a move, you may be thinking about using your current house as a short-term rental property instead of selling it. A short-term rental (STR) is typically offered as an alternative to a hotel, and they’re an investment that’s gained popularity in recent years. According to a Harris Poll survey, 28% of homeowners have considered using a rental service to Continue Reading