Month: February 2023
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2023 Mortgage Rate Projections
Now is the time to renew your plans to purchase your dream home. Inventory is at a low. This could work to your advantage because there may be fewer buyers bidding on homes. Take the time now to ensure you have a favorable credit. Connect with a reliable lender to find out what your options…
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What You Should Know About Rising Mortgages Rates
After steadily falling over the winter, mortgage rates have started to rise in recent weeks. This is concerning to some potential homebuyers as the combination of higher mortgage rates and higher prices have made homes less affordable. So, if you are planning to purchase a home this year, you too may be wondering if now…
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How to Make Your Dream of Homeownership a Reality
According to a recent Harris Poll survey, 8 in 10 Americans say buying a home is a priority. And, 28 million Americans plan to buy within the next 12 months. Homeownership provides many financial and nonfinancial benefits so that interest is understandable. However, it’s unlikely all 28 million Americans will accomplish that goal in the…
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A Smaller Home Could Be Your Best Option
Many people are reaching the point in their lives when they need to decide where they want to live when they retire. If you are a homeowner approaching this stage, you have several options to explore. “As we see the transition of the large Baby Boomer generation age into retirement, it will be interesting to…
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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. It’s important to understand what closing costs are and how much you should budget for. What Are Closing Costs? People…
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Homes For Sale Up
Number of Homes for Sale UP from Last Year, but Below Pre-Pandemic Years The biggest challenge in the housing market right now is how few homes there are for sale compared to the number of people who want to buy. That’s why, if you are thinking about selling your house, this is a great time…
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Today’s Housing Market
Why Today’s Housing Market Isn’t Headed for a Crash 67% of Americans say a housing market crash is imminent in the next three years. With all the talk in the media lately about shifts in the housing market, it makes sense why so many people feel this way. But there is good news. Current data…
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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. They did not want to lose the low mortgage rate they have on their current house. While today’s rates have…
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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 is typically offered as an alternative to a hotel, and they are an investment that’s gained popularity in recent years. According to a Harris Poll…