The housing market has been a whirlwind in recent years. While it’s still a seller’s market in many areas, there’s a new trend emerging: frustrated buyers are throwing in the towel and leaving the search altogether. A recent survey by Bright MLS found that over 73% of real estate agents have had clients pause or… Continue reading Frustrated Buyers Are Dropping Out Of The Housing Market
Category: Home Buying
Mortgage Rates Drop For Third Straight Week
There’s a glimmer of hope for potential home buyers in the face of a tough housing market! Mortgage rates have been steadily declining for the past three weeks, dipping below the key threshold of 7% for the first time since early April. This is welcome news for anyone who’s been waiting on the sidelines for… Continue reading Mortgage Rates Drop For Third Straight Week
How Long Does Closing On A House Take?
So you found your dream home, your offer got accepted, and congratulations are in order! But before you can unpack those boxes and fire up the grill on the patio, there’s one more hurdle to jump: closing. Closing on a house is the final step in the home buying process, where all the paperwork is… Continue reading How Long Does Closing On A House Take?
Is This A Good Time To Buy A House?
The housing market is a hot topic these days. Rising interest rates and a competitive landscape can leave potential home buyers wondering if they should wait it out? Financial guru Dave Ramsey offers what may seem like a surprising perspective. Essentially, economic conditions might be working in favor to buy a house now for responsible… Continue reading Is This A Good Time To Buy A House?
Nationwide Housing Shortage Of 7.2M Homes
The American dream of home ownership might be getting further out of reach for many. A recent report by Realtor.com indicates a staggering housing shortage across the country – a gap of up to 7.2 million homes. Of course, this housing shortage has been building for over a decade, fueled by under-building relative to population… Continue reading Nationwide Housing Shortage Of 7.2M Homes
How Much You Need To Earn To Buy A Home In Florida
Florida’s sunny beaches and relaxed lifestyle make it a dream destination for many. But that dream can turn into a financial nightmare if you’re a first-time home buyer. While sunshine might be plentiful, affording a piece of the Sunshine State has become a significant challenge. Just how much will you need to earn to buy… Continue reading How Much You Need To Earn To Buy A Home In Florida
Real Estate Considerations For Unmarried Couples
Buying a house with your partner is a huge step, and for unmarried couples, it adds an extra layer of complexity. The excitement of finding your dream home can overshadow some crucial listing considerations. By being prepared and upfront about your situation, you can navigate the listing process smoothly. Below we discuss some things to… Continue reading Real Estate Considerations For Unmarried Couples
Economic Advantages Of Buying A Home Now
The housing market can certainly be complicated, and with recent economic fluctuations, you might be wondering if buying a home now is the right move. While there’s no one-size-fits-all answer, there are some definite economic advantages to considering home ownership now. In addition, much of this decision will be based on your local market dynamics.… Continue reading Economic Advantages Of Buying A Home Now
What To Expect From A Home Inspection
The home inspection period is a crucial stage in the real estate transaction, offering both buyers and sellers a chance to navigate some of the final hurdles before closing. This period allows for a thorough inspection of the property, uncovering potential issues and providing opportunities for negotiation. Whether you’re buying or selling a home, understanding… Continue reading What To Expect From A Home Inspection
How To Choose A Mortgage Broker
It is estimated that approximately 80% of recent home buyers financed their purchase by obtaining a mortgage. This figure is up slightly from 78% last year, but still lower than the 87% seen in 2021. Needless to say, buying a home is a monumental life decision, and securing the right mortgage is crucial. While banks… Continue reading How To Choose A Mortgage Broker