Imagine a scenario that eliminates the need to hire a moving company and saves you the hassle of updating family and business accounts on the new address. The list of conveniences don’t stop there when it comes to purchasing the house you rent. This is only possible,...
Benefitting from a cash-out refinance in today’s real estate market
After a busy summer, the real estate market has shown some signs of moderation, but not by much. Median home prices continue to move up notch after notch. Meanwhile, the pace of home sales bounced back following a minor slump at the end of summer. In short, the market...
Sell your home while values continue to rise and before mortgage rates go up
Home values continue to rise, but not as fast, thanks to continued low inventory. According to the National Association of Realtors, existing home sales stayed on course, an upward trajectory, in the month of September. Sales jumped upward by 7% during the month. In...
Buyers showing confidence as home appreciation slows and interest rates remain low
A recent survey by Fannie Mae reveals a growing confidence and positive sentiment among consumers thinking about the real estate market. By an increase of four percentage points compared to this July, respondents agree now’s the time to purchase a home. On the other...
Housing inventory ticks up slightly, opening window for buyers
In June, existing home sales ended a four-month declining trend. On a seasonally adjusted yearly basis, sales of previously owned single-family homes, townhouses, condos, and cooperative flats increased by about 1% to 5.85 million units, up 23% from June 2020. Three...
The Difference Between Sales Price and Appraisal Value
The price and value of a home can be determined differently: The amount paid for it or the appraised worth of the house. The terms are not usually interchangeable as the appraised value of a home tells you how much it’s worth mostly for the lender to determine what...
How Buyers Can Stand Out in a Competitive Market
Interest rates are low, housing supply is scarce and there is fierce competition. In many parts of the country, this is the current real estate market, which can be difficult for purchasers. It is important for homebuyers to find ways to have their offer stand out....
Home prices continue to increase opening window for sellers
Double-digit annual price increases are shown by a CoreLogic home price index as well as the highest month-over-month growth in the current environment. According to the report, the national rate of appreciation was 11.3% in March, while rates were up 2% from...
Historical appreciation of real estate makes purchasing a home a good investment
Home is said to be where the heart is. It’s also where you’ll be allocating a large portion of your finances. Homeownership is a cornerstone of the American dream, and while many younger generations may not be able to afford it or consciously choose not to seek it,...
5 Ways You Can Use Your Home Equity
The percentage of your home that you have paid off is referred to as home equity. This is the sum of the current value of your house and the amount that you still owe on your mortgage. Home equity is a crucial way for many Americans to accumulate personal capital over...