A recent report from the Harvard Joint Center for Housing Studies found that U.S. homebuying has dropped to its lowest levels since the mid-1990s. The report, The State of the Nation’s Housing 2025 blames record high real estate prices combined with higher interests for the drop in home sales. While high home prices and elevated interest rates […]
Climate change is on our doorstep, so now more than ever, it’s essential to consider the local climate when buying a new home. Not only is the current climate important, but experts suggest homeowners look towards the future. How will the next 10, 20 or 30 years impact your new purchase? The increasing frequency of […]
The average rate on a 30-year mortgage rate just hit 7% last week, which is now the highest it has been since 2002. The interest rate increase has pushed the average monthly payment to buy a new home to $2,760 in September from just $1,561 a year ago, according to data from Business Insider. While […]
Baby Boomers, which is the generation born between 1946 and 1964 retired in record rates during 2020. According to statistics, roughly 2 million boomers have retired every year since 2011. However, in 2020, a whopping 3.2 million boomers turned in their two-week notice. Luckily, Baby Boomers have seen a huge surge in home values as […]
If you are a first-time homebuyer you may be looking for the perfect location to call home. Moving to another city or state may help you find not only a great new city to live in but also help you get a better deal on your brand-new home. The Mortgage Research Center took a look at […]
Spring usually kicks off the summer season of real estate activity as homeowners put their houses on the market. However, this year may be a bit different thanks to the varying degrees of lockdown being enforced around the country. This can shut down open houses and even make individual showings difficult. The National Association of […]
While job losses mount and home sales plummet due to COVID-19, lenders are tightening mortgage requirements, making it more difficult to purchase a home. In addition to stricter mortgage requirements, the virus may change how Americans buy and sell homes in the future. As the pandemic continues, it could end up transforming how real estate […]
While the dream of homeownership has become more difficult in many cities due to rising home prices and ever increasing amounts of student debt, there are some cities where house prices require a six figure salary in order to purchase a home. In its recently released Home Price Insights report, real estate and data analytics […]
Have your realtor show you comps in your neighborhood to make sure you are not overpricing your home as this can lead to it sitting on the market and becoming a stale listing. Selling your house can be exciting and a new chapter in your life but it is also a lot of work and […]
Over 20 percent of homes in American fall into a HOA (homeowners association). There are statistics out there that show HOAs help retain or even increase a home value due to the benefits they provide. Common advantages of a HOA community are parks, swimming pools, tennis courts as well as community green spaces. In addition, […]