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Today’s real estate market is still competitive for buyers. If you fall in love with a home, chances are that other buyers have seen it too and you’ll be competing against them to get your offer accepted. Even though interest rates have increased, there still aren’t...
The market seems to be reaching a tipping point. While home prices are still climbing nationally, the increased mortgage costs have also pushed some buyers out of the market. National home sales fell 2.7% in March, and mortgage applications dropped 5% in mid-April. ...
In 2006 foreclosures flooded the market and that dramatically decreased home values. The two main reasons for the flood of foreclosures were: Many purchasers were not truly qualified for the mortgage they obtained, which led to more homes turning into foreclosures....