Over time, more than half of homebuyers would prefer to buy a newly-built home over an existing home. More than 10% of U.S. home purchases are from buyers of new homes. In many ways, that's no surprise, as new homes can be specified for buyer preferences, are extra clean, energy efficient, require less maintenance, and are move-in ready at the time of purchase. But right now, the market for newly...
Mary’s Blog
If you’re thinking of selling your house this year, timing is crucial. After all, you’ll want to balance getting the most out of the sale of your current home and making the best investment when you buy your next one. If that’s the case, you should know – you may be able to get the best of both worlds today. Here are four reasons why this spring may be your golden window of opportunity....
Update Issued: 4/19/2022 6:03 PM Where do we even begin the conversation about mortgage rates on any given day in the spring of 2022? The news has frequently fallen into the category of "same thing, different day." The "same thing" in today's case is another jump up to long-term highs. Today's dubious distinction is that we'd have to go back to 2009 before seeing rates that were meaningfully...
Wednesday March 30th, 2022 For Buyers, Housing Market Updates, Interest Rates, Pricing Based on the Primary Mortgage Market Survey from Freddie Mac, the average 30-year fixed-rate mortgage has increased by 1.2% (3.22% to 4.42%) since January of this year. The rate jumped by more than a quarter of a point from just a week ago. Here’s a visual to show how mortgage rate movement throughout 2021...
Tuesday March 29th, 2022 For Sellers, Housing Market Updates Are you thinking about selling your house? If so, you may want to make it a priority to start the process soon. According to realtor.com, the sweet spot for sellers is just around the corner. In a recent study, experts analyzed housing market trends by looking at data from the past several years (excluding 2020, since it was an atypical...
Thursday March 24th, 2022 For Buyers, For Sellers, Housing Market Updates, Interest Rates, Pricing As the spring housing market kicks off, you likely want to know what you can expect this season when it comes to buying or selling a house. While there are multiple factors causing some uncertainty, including the conflict overseas, rising inflation, and the first rate increase from the Federal...
Tuesday March 22nd, 2022 First Time Home Buyers, For Buyers, Rent vs. Buy The past two years have taught us the true value of homeownership, especially the stability and the feeling of accomplishment it can provide. But homeownership has so much more to offer. Here’s a look at a few of the non-financial and financial benefits of owning a home. If you’re looking to buy a home today, think about...
Wednesday March 16th, 2022 First Time Home Buyers, For Buyers, Rent vs. Buy 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...