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The Impact of Changing Mortgage Rates [INFOGRAPHIC]

By |2023-05-19T03:30:00-07:00May 19th, 2023|Categories: For Buyers, Infographics, Interest Rates, Real Estate|

Some HighlightsIf 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 [...]

The Impact of Inflation on Mortgage Rates

By |2023-05-10T03:30:00-07:00May 10th, 2023|Categories: Housing Market Updates, Interest Rates, Real Estate|

If you’re reading headlines about inflation or mortgage rates, you may see something about the recent decision from the Federal Reserve (the Fed). But what does it mean for you, the housing market, and your plans to buy a home? Here’s what you need to know.Inflation and the Housing MarketWhile the Fed’s working hard to lower [...]

Ways To Overcome Affordability Challenges in Today’s Housing Market [INFOGRAPHIC]

By |2023-04-28T03:30:00-07:00April 28th, 2023|Categories: First Time Home Buyers, For Buyers, Infographics, Interest Rates, Move-Up Buyers, Pricing, Real Estate|

Some HighlightsWith so few homes on the market right now, widening the scope of your search to include nearby areas could help you find more options in your budget.You can also work with a trusted lender to consider alternative financing options and search for down payment assistance.If you’ve been searching for a home but are [...]

The Three Factors Affecting Home Affordability Today

By |2023-04-26T03:30:00-07:00April 26th, 2023|Categories: First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers, Pricing, Real Estate|

There’s been a lot of focus on higher mortgage rates and how they’re creating affordability challenges for today’s homebuyers. It’s true that rates climbed dramatically since the record-low we saw during the pandemic. But home affordability is based on more than just mortgage rates – it’s determined by a combination of mortgage rates, home prices, [...]

What Are the Experts Saying About the Spring Housing Market?

By |2023-04-25T03:30:00-07:00April 25th, 2023|Categories: For Buyers, For Sellers, Housing Market Updates, Interest Rates, Pricing, Real Estate|

The housing market’s been going through a lot of change lately, and there’s been uncertainty surrounding what will happen this spring. You may be wondering if more homes will go on the market, what’s next with home prices and mortgage rates, or what the best advice is for someone in your position right now.Here’s what [...]

What You Should Know About Rising Mortgage Rates

By |2023-02-28T04:30:16-07:00February 28th, 2023|Categories: First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers, Real Estate|

After steadily falling over the winter, mortgage rates have started to rise in recent weeks. This is concerning to some potential homebuyers as the combination of higher mortgage rates and higher prices have made homes less affordable. So, if you’re planning to purchase a home this year, you too may be wondering if now’s the [...]

The Two Big Issues the Housing Market’s Facing Right Now

By |2023-02-21T04:30:29-07:00February 21st, 2023|Categories: For Buyers, For Sellers, Housing Market Updates, Interest Rates, Real Estate|

The biggest challenge the housing market’s facing is how few homes there are for sale. Mark Fleming, Chief Economist at First American, explains the root causes of today’s low supply:“Two dynamics are keeping existing-home inventory historically low – rate-locked existing homeowners and the fear of not finding something to buy.”Let’s break down these two big [...]

The 3 Factors That Affect Home Affordability

By |2023-01-24T04:30:15-07:00January 24th, 2023|Categories: First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers, Pricing, Real Estate|

If you’ve been following the housing market over the last couple of years, you’ve likely heard about growing affordability challenges. But according to experts, the key factors that determine housing affordability are projected to improve this year. Selma Hepp, Executive, Deputy Chief Economist at CoreLogic, shares:“. . . with slowly improving affordability and a more [...]