How a Change in Mortgage Rate Impacts Your Homebuying Budget

By |2021-03-30T03:00:40-07:00March 30th, 2021|Categories: First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers, Pricing, Real Estate|

Mortgage rates are on the rise this year, but they’re still incredibly low compared to the historic average. However, anytime there’s a change in the mortgage rate, it affects what you can afford to borrow when you’re buying a home. As Sam Khater, Chief Economist at Freddie Mac, shares: “Since January, mortgage rates have increased [...]

2021 Real Estate Myth Buster [INFOGRAPHIC]

By |2021-03-26T03:00:33-07:00March 26th, 2021|Categories: Buying Myths, For Buyers, For Sellers, Housing Market Updates, Infographics, Pricing, Real Estate, Selling Myths|

Some Highlights There are a lot of misconceptions about buying or selling a home today, making it challenging to know exactly how to navigate the current real estate landscape. Here’s a little clarity when it comes to 5 common myths about the 2021 housing market. Let’s connect to discuss your needs and so you can [...]

Buyer & Seller Perks in Today’s Housing Market

By |2021-03-25T03:00:42-07:00March 25th, 2021|Categories: For Buyers, For Sellers, Housing Market Updates, Interest Rates, Real Estate|

Right now, the housing market is full of outstanding opportunities for both buyers and sellers. Whether you’re thinking of buying your first home, moving up to a bigger one, or selling so you can downsize this spring, there are perks today that are powering big moves for people across the country. Here are the top two to [...]

Why You Should Think About Listing Prices Like an Auction’s Reserve Price

By |2021-03-24T03:00:40-07:00March 24th, 2021|Categories: Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, Pricing, Real Estate|

For generations, the homebuying process never really changed. The seller would try to estimate the market value of the home and tack on a little extra to give themselves some negotiating room. That figure would become the listing price of the house. Buyers would then try to determine how much less than the full price [...]

Should We Fear the Surge in Cash-Out Refinances?

By |2021-03-23T03:00:10-07:00March 23rd, 2021|Categories: For Buyers, For Sellers, Housing Market Updates, Real Estate|

Freddie Mac recently released their Quarterly Refinance Statistics report which covers refinances through 2020. The report explains that the dollar amount of cash-out refinances was greater in 2020 than in recent years. A cash-out refinance, as defined by Investopia, is: “a mortgage refinancing option in which an old mortgage is replaced for a new one [...]

What Credit Score Do You Need for a Mortgage?

By |2021-03-22T03:00:40-07:00March 22nd, 2021|Categories: Buying Myths, First Time Home Buyers, For Buyers, Move-Up Buyers, Real Estate|

According to data from the most recent Origination Insight Report by Ellie Mae, the average FICO® score on closed loans reached 753 in February. As lending standards have tightened recently, many are concerned over whether or not their credit score is strong enough to qualify for a mortgage. While stricter lending standards could be a challenge for [...]

Americans See Major Home Equity Gains [INFOGRAPHIC]

By |2021-03-19T03:00:21-07:00March 19th, 2021|Categories: For Sellers, Housing Market Updates, Infographics, Move-Up Buyers, Pricing, Real Estate|

Some Highlights Today’s home price appreciation is driving equity higher throughout the country. If your needs are changing and you’re ready for a new home, your equity may be a great asset to power your next move. Now is a great time to put your equity toward a down payment on the home of your [...]

What Is the Strongest Tailwind to Today’s Recovering Economy?

By |2021-03-17T03:00:12-07:00March 17th, 2021|Categories: For Buyers, For Sellers, New Construction, Real Estate|

Last year started off with a bang. Unemployment was under 4%, forecasters were giddy with their projections for the economy, and the residential housing market had the strongest January and February activity in over a decade. Then came the announcement on March 11, 2020, from the World Health Organization declaring COVID-19 a worldwide pandemic. Two [...]