A Recession Doesn’t Equal a Housing Crisis

Housing Market Updates, Interest Rates, Pricing / By Tatiana Janes

Everywhere you look, people are talking about a potential recession.

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Ways To Overcome Affordability Challenges in Today’s Housing Market [INFOGRAPHIC]

First Time Home Buyers, For Buyers, Infographics, Interest Rates, Move-Up Buyers, Pricing / By Tatiana Janes

With so few homes on the market right now, widening the scope of your search to include nearby areas could help you find more options in your budget.
You can also work with a trusted lender to consider alternative financing options and search for down payment assistance.

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The Three Factors Affecting Home Affordability Today

First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers, Pricing / By Tatiana Janes

There’s been a lot of focus on higher mortgage rates and how they’re creating affordability challenges for today’s homebuyers.

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What Are the Experts Saying About the Spring Housing Market?

For Buyers, For Sellers, Housing Market Updates, Interest Rates, Pricing / By Tatiana Janes

The housing market’s been going through a lot of change lately, and there’s been uncertainty surrounding what will happen this spring.

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How Changing Mortgage Rates Can Affect You

Buying Myths, For Buyers, Interest Rates / By Tatiana Janes

The 30-year fixed mortgage rate has been bouncing between 6% and 7% this year.

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What You Should Know About Rising Mortgage Rates

First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers / By Tatiana Janes

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’re planning to purchase a home this year, you too may be wondering if now’s the right time to buy or if you should hold off on your search until rates come back down.

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The Two Big Issues the Housing Market’s Facing Right Now

For Buyers, For Sellers, Housing Market Updates, Interest Rates / By Tatiana Janes

The biggest challenge the housing market’s facing is how few homes there are for sale. Mark Fleming, Chief Economist at First American, explains the root causes of today’s low supply:

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The Top Reasons for Selling Your House

For Sellers, Interest Rates, Selling Myths / By Tatiana Janes

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 a couple of years ago.

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The 3 Factors That Affect Home Affordability

Buying Myths, Down Payments, For Buyers, Housing Market Updates, Interest Rates, Pricing / By Tatiana Janes

If you’ve been following the housing market over the last couple of years, you’ve likely heard about growing affordability challenges. But according to experts, the key factors that determine housing affordability are projected to improve this year. Selma Hepp, Executive, Deputy Chief Economist at CoreLogic, shares:

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Think Twice Before Waiting for 3% Mortgage Rates

Buying Myths, First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers / By Tatiana Janes

Last year, the Federal Reserve took action to try to bring down inflation. In response to those efforts, mortgage rates jumped up rapidly from the record lows we saw in 2021, peaking at just over 7% last October. Hopeful buyers experienced a hit to their purchasing power as a result, and some decided to press pause on their plans.

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