Will Home Prices Fall as Mortgage Rates Rise?

By |2018-05-31T10:00:00-07:00May 31st, 2018|Categories: First Time Home Buyers, For Buyers, For Sellers, Interest Rates, Move-Up Buyers, Pricing, Real Estate|

Mortgage interest rates have increased by more than half of a point since the beginning of the year. They are projected to increase by an additional half of a point by year’s end. Because of this increase in rates, some are guessing that home prices will depreciate. However, some prominent experts in the housing industry [...]

Millennials Are Skipping Starter Homes for Their Dream Homes

By |2018-05-30T10:00:19-07:00May 30th, 2018|Categories: First Time Home Buyers, For Buyers, Millennials, Real Estate|

A new trend has begun to emerge. With home prices skyrocketing in the starter home category, many first-time homebuyers are skipping the traditional starter homes and moving right into their dream homes. What’s a Starter Home? According to the National Association of Realtors (NAR), simply put, a starter home is a one or two-bedroom home [...]

5 Reasons Why to Sell This Summer!

By |2018-05-29T10:00:26-07:00May 29th, 2018|Categories: For Buyers, For Sellers, Move-Up Buyers, Real Estate|

Here are five reasons listing your home for sale this summer makes sense. 1. Demand Is Strong The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase…and are in the market right now! More [...]

Why Have Interest Rates Jumped to a 7-Year High?

By |2018-05-23T10:00:43-07:00May 23rd, 2018|Categories: First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers, Real Estate|

Interest rates for a 30-year fixed rate mortgage have climbed from 3.95% in the first week of January up to 4.61% last week, which marks a 7-year high according to Freddie Mac. The current pace of acceleration has been fueled by many factors. Sam Khater, Freddie Mac’s Chief Economist, had this to say: “Healthy consumer [...]

How Current Interest Rates Can Have a High Impact on Your Purchasing Power

By |2018-05-22T10:00:44-07:00May 22nd, 2018|Categories: First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers, Real Estate|

According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 4.61%, which is still near record lows in comparison to recent history! The interest rate you secure when buying a home not only greatly impacts your monthly housing costs, but also impacts your purchasing power. Purchasing power, simply put, is [...]

Don’t Wait to Sell Your House! Buyers Are Out Now

By |2018-05-21T10:00:51-07:00May 21st, 2018|Categories: For Sellers, Housing Market Updates, Move-Up Buyers, Real Estate|

Recently released data from the National Association of Realtors (NAR) suggests that now is a great time to sell your home. The concept of ‘supply & demand’ reveals that the best price for an item is realized when the supply of that item is low and the demand for that item is high. Let’s see how [...]

Is Your First Home Within Your Grasp Now? [INFOGRAPHIC]

By |2018-05-18T10:00:36-07:00May 18th, 2018|Categories: First Time Home Buyers, For Buyers, Infographics, Millennials, Move-Up Buyers, Real Estate|

Some Highlights: According to the US Census Bureau, ‘millennials’ are defined as 18-36-year-olds. According to NAR’s latest Profile of Home Buyers & Sellers, the median age of all first-time home buyers is 32. More and more ‘old millennials’ (25-36) are realizing that homeownership is within their grasp now!