Category: Tenants
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Home Prices Are Not Falling
During the fourth quarter of last year, some housing experts projected home prices were going to crash in 2023. The media ran with those forecasts and put out headlines calling for doom and gloom in the housing market. All of this negative news coverage made a lot of people have doubts about the strength of…
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The Many Non-Financial Benefits of Homeownership
Buying and owning your own home can have a big impact on your life. While there are financial reasons to become a homeowner, it’s essential to think about the non-financial benefits that make a home more than just a place to live. Here are some of the top non-financial reasons to buy a home: According…
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Your Home Equity Can Offset Affordability Challenges
Are you thinking about selling your house? If so, today’s mortgage rates may be making you wonder if that’s the right decision. Some homeowners are reluctant to sell and take on a higher mortgage rate on their next home. If you are worried about this too, know that even though rates are high right now,…
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Are More Homes Coming onto the Market?
An important factor shaping today’s market is the number of homes for sale. And, if you are considering whether or not to list your house, that’s one of the biggest advantages you have right now. When housing inventory is this low, your house will stand out. Price it right! But there are some early signs…
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Should Baby Boomers Buy or Rent After Selling Their Houses?
Are you a baby boomer who’s lived in your current house for a long time and you are ready for a change? If you are thinking about selling your house, you have a lot to consider. Will you move to a different state or stay nearby? Is it time to downsize or do you want…
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How Inflation Affects the Housing market
Have you ever wondered how inflation impacts the housing market? Believe it or not, they are connected. Whenever there are changes to one, both are affected. Here’s a high-level overview of the connection between the two. The Relationship Between Housing Inflation and Overall Inflation Shelter inflation is the measure of price growth specific to housing.…
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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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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 –…