Tuesday January 18th, 2022 For Sellers, Interest Rates, Pricing, Selling Myths As you plan out your goals for the year, moving up to your dream home may top the list. But, how do you know when to make your move? You want to time it just right so you can get the most out of the sale of your current house. You also want to know you’re making a good investment when you buy your new home. What you...
Mary’s Blog
After almost two years of double-digit increases, many experts thought home price appreciation would decelerate or happen at a slower pace in the last quarter of 2021. However, the latest Home Price Insights Report from CoreLogic indicates while prices may have plateaued, appreciation has definitely not slowed. The following graph shows year-over-year appreciation throughout 2021. December data has...
Tuesday January 4th, 2022 First Time Home Buyers, For Buyers, Rent vs. Buy Are you one of the many renters thinking about where you’ll live the next time your lease is up? Before you decide whether to look for a new house or another apartment, it’s important to understand the true costs of renting in 2022. As a renter, you should know rents have been rising since 1988 (see graph...
Wednesday December 29th, 2021 For Buyers, For Sellers, Housing Market Updates, Interest Rates, Pricing As we move into 2022, both buyers and sellers are wondering, what’s next? Will there be more homes available to buy? Will prices keep climbing? How high will mortgage rates go? For the answer to those questions and more, we turn to the experts. Here’s a look at what they say we can...
Once you’ve found your dream home and applied for a mortgage, there are some key things to keep in mind before you close. It’s exciting to start thinking about moving in and decorating your new place, but before you make any large purchases, move your money around, or make any major life changes, be sure to consult your lender – someone who’s qualified to explain how your financial decisions may...
Thursday December 9th, 2021 Buying Myths, First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers, Pricing If you’re a homeowner who’s decided your current house no longer fits your needs, or a renter with a strong desire to become a homeowner, you may be hoping that waiting until next year could mean better market conditions to purchase a home. To determine whether you should...
Thursday November 18th, 2021 For Buyers, For Sellers, Housing Market Updates Like most industries, residential real estate has a seasonality to it. For example, toy stores sell more toys in October, November, and December than they do in any other three-month span throughout the year. More cars are sold in the U.S. during the second quarter (April, May, and June) than in any other quarter of the...
Your DTI ratio compares your monthly debts from bills against your gross monthly income to see how your money is balanced. Your debt-to-income ratio (DTI) is very important when applying for a mortgage, but the numbers are not set in stone. For the best overview of your debt-to-income ratio and your mortgage application, speak with a lending professional today! What is a Debt-to-Income...