The Real Estate Edge
Why Buying Now May Be Worth It in the Long Run
Wondering if you should buy a home now or wait? One thing to consider is how quickly equity can build once you own a home. Experts project home prices will continue to rise, meaning the sooner you buy, the more wealth you could build over time. Let’s explore your options and what makes sense for you.
What To Know About Closing Costs
When buying a home, closing costs are an essential part of the process that shouldn’t be overlooked. From loan origination fees to homeowners insurance, closing costs typically range between 2% and 5% of your home’s purchase price. Learn how to plan for these expenses and tips to reduce them.
Should You Rent Out or Sell Your House?
Deciding whether to sell your home or keep it as a rental is a big decision. From potential rental income to the challenges of being a landlord, there’s a lot to consider. Let's explore key questions to help you make the best choice for your future.
Falling Mortgage Rates Are Bringing Buyers Back
If you've been hesitant to sell your home, now might be the perfect time. Mortgage rates are falling, and buyer activity is rising, making it a great opportunity to get your house on the market. As rates continue to drop, more buyers are entering the market, which could lead to higher offers and quicker sales.
The Latest Builder Trend: Smaller, Less Expensive Homes
As affordability improves, buying a home is still a challenge for many. The good news? Builders are focusing on smaller, more affordable homes and offering incentives like mortgage rate buydowns. These options may help you find a home that fits your budget. Let’s explore how newly built homes could help you achieve your homebuying goals.
Mortgage Rates Drop to Lowest Level in over a Year and a Half
Mortgage rates have dropped to their lowest point in over a year and a half, creating a great opportunity for those waiting on the sidelines to buy a home. Even a small decline in rates can make a significant difference in your monthly payments, and the recent drop has been more than half a percent. For a $400K home loan, this means saving over $370 per month compared to just a few months ago. With improved purchasing power, now is the time to explore your options. Let’s connect and make the most of this opportunity!
The Best Time To Buy a Home This Year
If you've been waiting for the right moment to start your homebuying journey, now could be the perfect time. The housing market is shifting, and experts at Realtor.com have identified the best week to buy in 2024: Sept. 29–Oct. 5. With higher inventory, lower prices, and easing mortgage rates, buyers are poised to find better opportunities. Sellers are more willing to negotiate, giving you the upper hand. Ready to jump in? Let’s connect and make sure you're prepared to take advantage of these favorable conditions.
The Real Story Behind What’s Happening with Home Prices
If you’re confused about what’s happening with home prices, you’re not alone. While home price growth is slowing, it doesn’t mean prices are falling. It’s all about supply and demand, and trends can vary by market. Working with a local real estate agent can give you the insights you need to make informed decisions, whether you’re buying, selling, or just curious about the current market. Let’s connect to navigate these shifts with confidence.
Should You Sell Now? The Lifestyle Factors That Could Tip the Scale
If you’re unsure about whether to sell your home now or wait, consider that your lifestyle may be the most compelling reason to make a move. While financial factors are important, the latest report from the National Association of Realtors (NAR) shows that life changes—such as the need for more space, wanting to be closer to family, or downsizing—are often the biggest motivators for homeowners. If your current home no longer meets your needs, it might be time to talk to a real estate agent about how your home equity could help make your next move easier.
2025 Housing Market Forecasts: What To Expect
As we approach 2025, understanding shifts in the housing market becomes crucial for potential homebuyers and sellers. Projections suggest a slight decline in mortgage rates, influenced by easing inflation and adjustments in the Federal Funds Rate. Additionally, home sales are expected to increase due to more favorable conditions, with home prices predicted to rise moderately by about 2.6%. These insights are vital for making informed decisions, whether you're buying or selling in the upcoming year.
Today’s Biggest Housing Market Myths
Don't believe everything you hear, especially in today’s housing market. There’s a lot of misinformation out there, but a knowledgeable real estate agent can help clear up the confusion. From debunking the myth of a housing market crash to clarifying down payment misconceptions, having the right facts can make all the difference in your buying or selling experience.
The Number One Mistake Sellers Are Making: Overpricing Their House
Overpricing your home can lead to it sitting on the market too long and ultimately costing you more in the end. A trusted real estate agent can help you avoid this mistake by setting the right price from the start.
Is Affordability Starting To Improve?
Home affordability is showing signs of improvement, with mortgage rates trending down, home prices rising more slowly, and wages increasing. These factors are gradually making it easier for potential buyers to enter the housing market. While challenges remain, the outlook is becoming more favorable for those looking to purchase a home in 2024