Buyers Mortgage Rates Just Saw Their Biggest Drop in a Year Mortgage Rates Just Saw Their Biggest Drop in a Year You’ve been waiting for what feels like forever for mortgage rates to finally budge. And last week, they did – in a big way. On Friday, September 5th, the average 30-year fixed mortgage rate fell to the lowest level since October 2024. It was the […]
Sellers Why 50% of Homes Are Selling for Under Asking and How To Avoid It Why 50% of Homes Are Selling for Under Asking and How To Avoid It If your selling strategy still assumes you’ll get multiple offers over asking, it’s officially time for a reset. That frenzied seller’s market is behind us. And here are the numbers to prove it. From Frenzy to “Normal” Right now, about 50% […]
Buyers What Credit Score Do You Really Need To Buy a Home? What Credit Score Do You Really Need To Buy a Home? According to Fannie Mae, 90% of buyers don’t actually know what credit score lenders are looking for, or they overestimate the minimum needed. Let that sink in. That means most homebuyers think they need better credit than they actually do – and maybe you’re one of them. And that […]
Buyers Builder Incentives Reach 5-Year High Builder Incentives Reach 5-Year High Even with more homes on the market right now, some buyers are still having a tough time finding the right one at the right price. Maybe the layout feels off. Maybe it still needs some updating. Or maybe it’s just more of the same. That’s why more buyers are turning […]
Trends What Mortgage Delinquencies Tell Us About the Future of Foreclosures What Mortgage Delinquencies Tell Us About the Future of Foreclosures You may be seeing headlines about how foreclosures are rising. And if that makes you nervous that we’re headed for another crash, here’s what you should know. According to ATTOM, during the housing crash, over nine million people went through some sort of distressed sale […]
Sellers Thinking About Renting Your House Instead of Selling? Read This First. Thinking About Renting Your House Instead of Selling? Read This First. If your house is on the market but you haven’t gotten any offers you’re comfortable with, you may be wondering: what do I do if it doesn’t sell? And for a growing number of homeowners, that’s turning into a new dilemma: should I just […]
Buyers What Everyone’s Getting Wrong About the Rise in New Home Inventory What Everyone’s Getting Wrong About the Rise in New Home Inventory You may have seen talk online that new home inventory is at its highest level since the crash. And if you lived through the crash back in 2008, seeing new construction is up again may feel a little scary. But here’s what you need […]
Buyers History Shows the Housing Market Always Recovers History Shows the Housing Market Always Recovers Now that the market is slowing down, homeowners who haven’t sold at the price they were hoping for are increasingly pulling their homes off the market. According to the latest data from Realtor.com, the number of homeowners taking their homes off the market is up 38% since the […]
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Buyers Should You Still Expect a Bidding War? Should You Still Expect a Bidding War? If you’re still worried about having to deal with a bidding war when you buy a home, you may be able to let some of that fear go. While multiple-offer situations haven’t disappeared entirely, they’re not nearly as common as they used to be. In fact, a recent […]
Buyers More Contracts Are Falling Through. Here’s How To Get Ahead. More Contracts Are Falling Through. Here’s How To Get Ahead. When you sell a house, the last thing you want is for the deal to fall apart right before closing. But according to the latest data from Redfin, that’s happening a bit more often lately. The good news is, it’s completely avoidable if you lean […]
Buyers Better To Buy Now or Wait for Lower Mortgage Rates? Here’s the Tradeoff Is It Better To Buy Now or Wait for Lower Mortgage Rates? Here’s the Tradeoff Mortgage rates are still a hot topic – and for good reason. After the most recent jobs report came out weaker than expected, the bond market reacted almost instantly. And, as a result, in early August mortgage rates dropped to […]
Buyers Are These Myths About Buying a Newly Built Home Holding You Back? Are These Myths About Buying a Newly Built Home Holding You Back? If you’ve been skipping over newly built homes in your search, you might be doing so based on outdated assumptions. Let’s clear up a few of the most common myths, so you don’t miss out on a solid opportunity. Myth 1: New Homes […]
Buyers Online Home-Buying Search Terms Recently Hit 2-Year High Online Home-Buying Search Terms Recently Hit 2-Year High Believe it or not, there are clear signs buyer interest is heating up again. Let’s talk about what’s really going on behind the scenes, and why the housing market might not be as quiet out there as it seems. Buyers Are Looking, and Search Trends Prove It […]
Sellers Why Selling Without an Agent Can Cost You More Than You Think Why Selling Without an Agent Can Cost You More Than You Think Cutting out the agent might seem like a smart way to save when you sell your house. But here’s the hard truth. Last year, homes that sold with an agent went for almost 15% more than those that sold without one. That gap […]
Buyers A Second Home Might Be the Missing Piece in Your Retirement Plan A Second Home Might Be the Missing Piece in Your Retirement Plan Are you wondering if you’re on track to retire someday? According to Intuit, 69% of people say today’s financial environment makes it tough to plan for the future, and 68% aren’t sure they’ll ever be able to retire. That’s why many people are […]
Sellers The 3 Things You Risk by Pricing Too High The 3 Things You Risk by Pricing Too High When selling your house, the price you choose isn’t just a number, it’s a strategy. And in today’s market, that strategy needs to be sharp. The number of homes for sale is climbing. And that means buyers have more choices and can be more selective. If […]
Sellers The #1 Thing Sellers Need To Know About Their Asking Price The #1 Thing Sellers Need To Know About Their Asking Price When you put your house on the market, you want to sell it quickly and for the best price possible; that’s generally the goal. But too many sellers are shooting too high right now. They don’t realize the market has shifted as inventory has […]
Buyers House Hunting Just Got Easier – Here’s Why House Hunting Just Got Easier – Here’s Why If you’ve been frustrated by the lack of homes for sale over the past few years, here’s some good news. You have more options, so it may finally be time to kick off your home search again. As Daryl Fairweather, Chief Economist at Redfin, explains: “Now is […]
Buyers Paused Your Moving Plans? Here’s Why It Might Be Time To Hit Play Again Paused Your Moving Plans? Here’s Why It Might Be Time To Hit Play Again Last year, 70% of buyers abandoned their home search – and maybe you were one of them. It makes sense. Inventory was low, prices were high, and mortgage rates were up and down like a rollercoaster. All of that made it […]
Buyers Here’s What a Recession Could Mean for the Housing Market Here’s What a Recession Could Mean for the Housing Market Recession talk is all over the news, and the odds of a recession are rising this year. And that leaves people wondering what would happen to the housing market if we do go into a recession. Let’s take a look at some historical data to […]