Apr 28, 2022 | For Buyers, Home Financing, Market Trends, Real Estate
Homebuyers could soon catch a break in this hot seller’s market. Sellers lowered prices and housing inventory grew after the average 30 year, fixed-rate mortgage passed 5% last week. Specifically, for the four weeks ending April 3rd, sellers dropped their asking...
Apr 26, 2022 | For Buyers, Home Financing, Real Estate, Rent vs Own
From checking how much you are likely to be able to borrow to planning ahead of an application. Get a Realistic Figure One of the first things you should do is get a realistic idea of how much you’ll likely be able to borrow so you can determine if it is worth...
Apr 15, 2022 | For Buyers, For Sellers, Market Trends, Real Estate
Even in the face of a daunting struggle – finding a home that met their needs, coming up with the money to afford it, and prevailing in a bidding war, buyers weren’t dissuaded. The top reasons to purchase a home, even in this market, were that buyers wanted to own a...
Apr 14, 2022 | For Buyers, For Sellers, Real Estate
In such an overheated market, with more buyers than homes for sale, it’s good idea to understand the competition. Millennials have made up the biggest percentage of homebuyers since 2014. Approximately 81% of younger millennials, aged 25 to 31, and 48% of older...
Apr 13, 2022 | For Buyers, For Sellers, Market Trends, Real Estate
As the COVID pandemic dragged on, buyers continue to prefer their own space. The majority (about 82%) of home sales were for existing homes. New construction was only about 15% of sales and were mostly buyers that didn’t want to do renovations or have problems with...
