There’s never been a truer statement regarding forecasting mortgage rates than the one offered last year by Mark Fleming, Chief Economist at First American:“You know, the fallacy of economic forecasting is: Don’t ever try and forecast interest rates and or, more specifically, if you’re a real estate economist mortgage rates, because you will always invariably […]
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Should you wait out the hot housing market?
The pandemic put only a temporary damper on the housing market, as the market rebounded robustly, hotter than ever, particularly in 2021. As we’ve rolled into 2022, the market is starting to simmer down just a little but not much. The median home price in January 2022 was $350,300, as compared to $356,700 from August […]
Sin City’s NBA Ambitions
Las Vegas had a busy day on Wednesday. For openers, Formula 1 has confirmed that it will hold its third race in the United States in November 2023, which will be broadcast live from the Strip. Furthermore, news came that Oak View Group, a U.S.-based global sports, and consultancy investment group, had bought 25 acres […]
What do rising interest rates mean for homebuyers
If you’re thinking about buying a house or refinancing your current one, how will rising interest rates affect you? The Federal Reserve Funds Rate (Fed Funds Rate) is Mortgage-backed securities are securities that are backed by a mortgage. Treasury with a ten-year maturity. Treasury with a thirty-year term. Board of Governors of the Federal Reserve […]
10 Most, Least Desired Home Features of First-Time Buyers
A laundry room tops the wish list of first-time home buyers, according to the recent report What Home Buyers Really Want, 2021 Edition, released by the National Association of Home Builders. The study asked first-time buyers to rate more than 200 home features. Here are the 10 home features that first-time buyers said they most […]
A Key To Building Wealth Is Homeownership
The link between financial security and homeownership is especially important today as inflation rises. But many people may not realize just how much owning a home contributes to your overall net worth. As Leslie Rouda Smith, President of the National Association of Realtors (NAR), says:“Homeownership is rewarding in so many ways and can serve as […]
The Many Benefits of Homeownership
We’ve learned the true value of homeownership over the last two years, particularly the security and sense of achievement it can give. But there’s a lot more to owning a home. Here are some of the non-financial and financial advantages of home ownership. Consider all of the ways homeownership may affect your life if you’re […]
Are You Wondering if This Is the Year To Buy a Home?
Every year, many renters ask themselves the same question: Should I continue renting, or is it time to buy a home? If you’re a renter, chances are you’ve asked yourself that question at least once, and it’s likely because you’ve faced an increase in your monthly housing costs over time. After all, according to Census […]
Where House Hunters Can Find Affordability
Surging home prices have prompted buyers to max out their budgets and priced out others. Buyers willing to move, however, can find several markets across the country that still offer affordability, housing experts say. Realtor.com® researchers analyzed housing data and 250 of the largest markets nationwide to identify the most affordable in the nation. They […]
How to Find Your Way in a Market Where Multiple Offers Are the New Normal
If you’re looking to purchase a property right now, you’re probably aware that there aren’t many available. But what does that imply for you personally? As a buyer, you should be prepared to negotiate a highly competitive market where properties sell quickly and receive several offers due to low housing availability and high buyer demand. […]
