Category: Buyer
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Why Median Home Sales Price Is Confusing Right Now
Existing Home Sales Report The National Association of Realtors is set to release its most recent Existing Home Sales report tomorrow. This monthly release provides information on the volume of sales and price trends for homes that have previusly been owned. In the upcoming release, it will likely say home prices are down. This may…
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Money Traps that Keep You From Being Wealthy
Typically, people in the middle class have some kind of college education, some disposable income, and may even be planning for retirement. But that doesn’t mean they are financially stable. In fact, middle class households usually have some kind of debt like a mortgage, auto loan or credit cards. If you’re in the middle class…
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What 7% Mortgage Rates Mean for Home Buyers
Buyers should focus on what they can control rather than try to predict mortgage rates!!! The math on buying a home grew even more depressing in recent weeks as mortgage rates approached 7%. Further frustrating buyers is the expectation rates could remain high for some time. The average rate on the standard 30-year fixed mortgage…
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Where Are People Moving Today and Why?
Plenty of people are still moving these days. And if you are thinking of making a move yourself, you may be considering the inventory and affordability challenges in the housing market. You may be wondering what you can do to help offset those. A new report from Gravy Analytics provides insight into where people are…
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Equity is a Game Changer for Homeowners Looking to Sell
If you’re a homeowner, you might be torn on whether or not to sell your house right now. Maybe that’s because you don’t want to take on a higher mortgage rate on your next home. If that’s your biggest hurdle, understanding your equity may be exactly what you need to help you feel more comfortable…
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About 11,000 Houses Will Sell Today
Some homeowners have been waiting for months to put their house on the market because they don’t think people are buying homes right now. If that’s you, know that even though the housing market has slowed compared to the frenzy of a couple of years ago, it isn’t at a standstill. Contrary to what you…
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Housing Relationship Between Supply and Affordability
A 2022 study from political scientists in the University of California system found that a majority of Americans do not believe that increasing the supply of housing makes it more affordable. And this perception was not unique to homeowners but also prevailed among renters who bear the brunt of America’s housing shortage. New Construction –…
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Pricing Your House Right Still Matters Today
While this isn’t the frenzied market we saw during the ‘unicorn’ years, homes that are priced right are still selling quickly and seeing multiple offers right now. That’s because the number of homes for sale is still so low. Data from the National Association of Realtors shows 76% of homes sold within a month and…
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Sellers: Don’t Let These Two Things Hold You Back!
Many homeowners thinking about selling have two key things holding them back. That’s feeling locked in by today’s higher mortgage rates and worrying they won’t be able to find something to buy while supply is so low. Let’s dive into each challenge and give you some helpful advice on how to overcome these obstacles. Challenge…