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]

People Around the Country Want Homes That Cost Less, and Builders Are Responding There are two main things that make it hard for buyers to afford homes in today's market: mortgage rates that are higher than they have been in the past couple of years and rising home prices caused by a lack of homes for sale. To deal with these problems, a lot of people are working with their local real estate agents to find homes that cost less. And because there are more newly built houses entering... [read more]

You may want to share this with your friends! Mortgage rates are at a 20 year high, but it’s still below the 40-year average. Build equity, refinance later. Yesterday was the best time to buy. Today is the next. Tomorrow is an option. Waiting always creates regret with “I could/should have.” Keep in mind that once rates drop, more buyers will come in the market. That means more competition than there is now! Do you need help to see if you can... [read more]

How Inflation Affects the Housing Market Have you ever thought about how inflation affects the housing market? They are, believe it or not, linked. When one is changed, the other is affected. Here's a high-level outline of the two's relationship. The Connection Between Housing and Overall Inflation   Shelter inflation is a measure of price rise in the housing market. It is based on a Bureau of Labor Statistics (BLS) study of renters and homeowners. Renters are... [read more]

More Jobs and Better Pay Leads to More Buyer Demand   There’s been talk about a recession for quite a while now. But the economy has been remarkably resilient. Why? One reason is employment and wages have stayed strong. Let’s look at the latest information on each one and why both are good news if you’re thinking about selling your house. More Jobs Are Being Created Instead of facing the job losses typical of any recession, the economy has been growing and... [read more]