What Do Supply and Demand Tell Us About Today’s Housing Market?

There’s a well-known economic theory – the law of supply and demand – that explains what’s happening with prices in the current real estate market. Put simply, when demand for an item is high, prices rise. When the supply of the item increases, prices fall. Of course, when demand is … Read More

Why Waiting to Buy a Home Could Cost You a Small Fortune

Many people are sitting on the fence trying to decide if now’s the time to buy a home. Some are renters who have a strong desire to become homeowners but are unsure if buying right now makes sense. Some may be homeowners who are realizing that their current home no … Read More

Where Are Home Values Headed Over the Next 12 Months?

As shelter-in-place orders were implemented earlier this year, many questioned what the shutdown would mean to the real estate market. Specifically, there was concern about home values. After years of rising home prices, would 2020 be the year this appreciation trend would come to a screeching halt? Even worse, would … Read More

Why Foreclosures Won’t Crush the Housing Market Next Year

With the strength of the current housing market growing every day and more Americans returning to work, a faster-than-expected recovery in the housing sector is already well underway. Regardless, many are still asking the question: will we see a wave of foreclosures as a result of the current crisis? Thankfully, … Read More

Have You Put Aside Enough for Closing Costs?

Once you’re ready to finalize your home purchase, it’s important to make sure you’ve also saved enough for closing costs. Freddie Mac defines closing costs as follows: “Closing costs, also called settlement fees, will need to be paid when you obtain a mortgage. These are fees charged by people representing … Read More

Turkey Twist: Making Thanksgiving Your Own

The Thanksgiving holiday is as unique as the people who observe it. Some enjoy the tried-and-true tradition of a turkey-centric feast with family. Others can’t make it home due to work obligations, or they no longer have living family members. And some simply opt out of the event altogether for … Read More

Powerful Reasons to Own Instead of Rent

Owning a home has great financial benefits. In a recent research paper titled “Homeownership and the American Dream,” Laurie S. Goodman and Christopher Mayer of the Urban Land Institute explained: “Homeownership appears to help borrowers accumulate housing and nonhousing wealth in a variety of ways, with tax advantages, greater financial … Read More

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