Good News: It’s Getting a Little Cheaper To Buy a Home Why it matters: If you hit pause on your home search because of high costs, it might be time to look again. Key signs show affordability is improving this fall, making it a better moment to make your move. ...
Continue ReadingBuying a Home Is Finally Getting a Little Easier This Fall Why it matters: For the last couple of years, buying a home felt impossible for many. But the numbers are starting to shift. The typical monthly mortgage payment is already about $290 lower than it was just a few ...
Continue ReadingThink It’s Better To Wait for a Recession Before You Move? Think Again. Fear of a recession is back in the headlines. And if you’re thinking about buying or selling sometime soon, that may leave you wondering if you should reconsider the timing of your move. A recent survey by ...
Continue ReadingMortgage Rates Decrease Freddie Mac reports the average 30-year fixed mortgage rate dipped slightly to 6.81% this week, down from 6.83% last week and notably lower than 7.17% a year ago. The 15-year rate also fell to 5.94%. Their Chief Economist highlighted that recent rate stability (less than 0.20% fluctuation ...
Continue ReadingPending Home Sales Show Modest Improvement, but Market Remains Subdued The National Association of REALTORS® reported today that pending home sales increased by 2.0% in February 20251. However, this modest gain comes with some caveats: Year-over-year decline: Despite the monthly increase, pending transactions are down 3.6% compared to February 2024. ...
Continue ReadingOne Homebuying Step You Don’t Want To Skip: Pre-Approval There’s one essential step in the homebuying process you may not know a whole lot about and that’s pre-approval. Here’s a rundown of what it is and why it’s so important right now. What Is Pre-Approval? Pre-approval is like getting a green light ...
Continue ReadingThe 30-year fixed-rate mortgage increased for the third consecutive week, moving closer to 6.5%. In general, higher rates reflect the strength in the economy that is supportive of the housing market. But notably, as compared to a year ago, rates are more than one percentage point lower and potential homebuyers ...
Continue ReadingWhy Buying Now May Be Worth It in the Long Run Should you buy a home now or should you wait? That’s a question a lot of people have these days. And while what’s right for you is going to depend on a lot of different factors, here’s something you’ll want ...
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