Selling a Home Can be Tough in Today’s Conditions In today’s housing market, selling a home can be a complex and challenging process. From navigating the intricacies of selling fees to understanding the true costs of homeownership, there are various factors that homeowners need to consider when putting their property on the market. Furthermore, the dynamics of the housing market …
What are the Mortgage Rates Today? Inflation has greatly increased the cost of living across the country. Unfortunately, the rise of inflation has also affected mortgage rates. As of June 2023, the 30-year fixed mortgage rate average is around 7.26%, and the average rate for a 15-year fixed mortgage is now at 6.55%. This has caused the housing market to …
Learn How to Sell a Home Successfully! If you plan to sell your home for the first time, you might wonder, “How do you sell a home successfully?” After all, you want to ensure you take the right steps to sell your property well and achieve a successful sale! While many people ask loved ones for advice, you can expect …
What are the 5 Benefits of a Realtor? It’s important to understand the processes involved in making a successful sale or purchase if you plan to buy or sell a property soon. While you can buy or sell a home unassisted, you may see how beneficial it can be to hire a Realtor. For example, if you’re a first-time buyer, …
Learn What an Escrow is and How it Works! The term “escrow” often comes up in real estate transactions. But unless you’re familiar with the real estate world, you may wonder, “What is escrow?” The answer is simple: escrow is a legal arrangement where a third party holds property, or money, on behalf of two other parties that are in …
What are the Steps to Close on a House? The closing process of a home can represent the final step in getting the house of your dreams. Nevertheless, before you acquire property ownership, you must complete a number of documents and a few key steps. Buying your first home shouldn’t be stressful! If you educate yourself about the closing process …
Is There a Reason Why Utilities are so Pricey? Do you feel like your utility bills are more expensive now than ever before? Unfortunately, many American households have recently seen their energy and gas costs skyrocket exponentially this year. But why are utilities so expensive right now? The answer to that question depends on a few different factors, such as: …
Why are Mortgage Rates Rising in 2023? In 2023, mortgage rates started to rise because the Federal Reserve raised the base interest rate. Additionally, higher demand means more work for mortgage lenders and brokers, so it will cost more to originate loans because more manpower is required to get the job done. It also doesn’t help that inflation has been …
What are the Housing Market Predictions for 2024? As we look ahead to 2024, the housing market is likely to continue its upward trend in many areas. There are several factors contributing to this trend. There has been a surge in real estate investment, booming supply and demand, and repeated highs in housing prices. Furthermore, the COVID-19 pandemic has led …
Is it Too Late to Buy a House in 2023? As long as there is inventory in your area, it is not too late to buy a home in 2023. While there may be some factors that could impact the real estate market and make it less favorable to buy a home, historical data suggests that improving consumer attitudes toward …
