When you read about the housing market in the news, you might see something about a recent decision made by the Federal Reserve (the Fed). But how does this decision affect you and your plans to buy a home? Here's what you need to know. The Fedis trying hard to reduce inflation. ... » Learn More about How Inflation Affects Mortgage Rates
General Real Estate Information
Don’t Fall for the Next Shocking Headlines About Home Prices
If you’re thinking of buying or selling a home, one of the biggest questions you have right now is probably: what’s happening with home prices? And it’s no surprise you don’t have the clarity you need on that topic. Part of the issue is how headlines are talking about ... » Learn More about Don’t Fall for the Next Shocking Headlines About Home Prices
Foreclosure Numbers Today Aren’t Like 2008
If you've been keeping up with the news lately, you've probably come across headlines talking about the increase in foreclosures in today’s housing market. This may have left you with some uncertainty, especially if you're considering buying a home. It’s important to understand the context of ... » Learn More about Foreclosure Numbers Today Aren’t Like 2008
Explaining Today’s Mortgage Rates
If you’re following mortgage rates because you know they impact your borrowing costs, you may be wondering what the future holds for them. Unfortunately, there’s no easy way to answer that question because mortgage rates are notoriously hard to forecast. But, ... » Learn More about Explaining Today’s Mortgage Rates
Home Prices Are Rebounding
If you’re following the news today, you may feel a bit unsure about what’s happening with home prices and fear whether or not the worst is yet to come. That’s because today’s headlines are painting an unnecessarily negative picture. If we take a year-over-year view, home prices ... » Learn More about Home Prices Are Rebounding
Lending Standards Are Not Like They Were Leading Up to the Crash
You might be worried we’re heading for a housing crash, but there are many reasons why this housing market isn’t like the one we saw in 2008. One of which is how lending standards are different today. Here’s a look at the data to help prove it. Every month, the Mortgage ... » Learn More about Lending Standards Are Not Like They Were Leading Up to the Crash
Why the Median Home Price Is Meaningless in Today’s Market
The National Association of Realtors (NAR) released its latest Existing Home Sales (EHS) report. This monthly report provides information on the sales volume and price trend for previously owned homes. In the upcoming release, it’ll likely say home prices are down. This may feel a bit confusing, ... » Learn More about Why the Median Home Price Is Meaningless in Today’s Market
Why Buying or Selling a Home Helps the Economy and Your Community
If you're thinking about buying or selling a house, it's important to know that it doesn't just affect your life, but also your community. The National Association of Realtors (NAR) releases a report every year to show how much economic activity is ... » Learn More about Why Buying or Selling a Home Helps the Economy and Your Community
Are Home Prices Going Up or Down? That Depends…
Media coverage about what’s happening with home prices can be confusing. A large part of that is due to the type of data being used and what they’re choosing to draw attention to. For home prices, there are two different methods used to compare home prices over different time periods: year-over-year ... » Learn More about Are Home Prices Going Up or Down? That Depends…
This Real Estate Market Is the Strongest of Our Lifetime
When you look at the numbers today, the one thing that stands out is the strength of this housing market. We can see this is one of the most foundationally strong housing markets of our lifetime – if not the strongest housing market of our lifetime. Here are two fundamentals that prove ... » Learn More about This Real Estate Market Is the Strongest of Our Lifetime