3 Reasons Why We’re Not Headed for a Housing Crash    Highlights An oversupply of homes for sale in 2008 showed that we were in a very strong buyer's market. That's in contrast with today, as there is an undersupply, which keeps us in our long state of being in a seller's market.  Three main sources of inventory show this isn’t like the last time: Existing homes, new homes, and foreclosures. These are all way below the... [read more]

💵💵 Do You Know How Much Equity You Have? 💵💵 👉 Did you know the equity you have in your current house can help make your move possible? 🏡 ❓ What is equity❓ Over the years, you gain equity as you pay down your home loan and as home values rise. It can grow faster than you realize. Americans are sitting on tremendous equity Over 2/3 of homeowners have either completely paid off their mortgage or have at least 50% equity. 38.7% own their home free and... [read more]

Why Home Prices Keep Going Up   If you've ever considered purchasing your own home or selling your current home to upgrade, you're familiar with the emotional rollercoaster that fluctuating home prices can create. It is a story of financial goals, uncertainty, and a touch of anxiety that many have experienced. However, if you put off relocating out of concern that home prices will decline, you should know that they will not. In fact, the opposite is true. National... [read more]

Should I Move with Today’s Mortgage Rates?   Some people put off moving because of rising mortgage rates over the last few years. It's possible that you did too, since you didn't want to sell and get a bigger mortgage on your next house. Is that still the best plan for you, though? In the current market, more homeowners are getting used to the rates and think it might be time to move. Mark Zandi, Chief Economist at Moody's Analytics, says it this... [read more]

The Two Big Issues the Housing Market’s Facing Right Now   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: “Two dynamics are keeping existing-home inventory historically low – rate-locked existing homeowners and the fear of not finding something to buy.” Let’s break... [read more]