💵💵 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]

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]

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]

The Impact of Changing Mortgage Rates [INFOGRAPHIC] Some Highlights If you’re looking to buy a home, you should know even a small change in mortgage rates has an impact on your purchasing power. These charts show how rates generally affect your monthly payment. The best way to navigate changing mortgage rates and make an informed buying decision is to rely on the expertise of a local real estate professional and... [read more]