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How the Economy Impacts Mortgage Rates
As someone buying or selling a home, you’re likely paying close attention to mortgage rates and wondering what they’re like. One factor that can affect mortgage rates is the Federal Funds Rate, which influences how much it costs banks to borrow money from each other. While the Federal Reserve (the Fed) doesn’t control mortgage rates, it does control the Federal Funds…
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Homebuyer Opportunities in 2024
There’s no arguing this past year has been difficult for homebuyers. And if you’ve started searching for a home, maybe you put your search on hold because the challenges in today’s market felt too much to tackle. You’re not alone in that. A Bright MLS study found some of the top reasons buyers paused their search in late 2023 and early…
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Am I Ready to Buy a Home?
If you’re trying to decide if you’re ready to buy a home, there’s probably a lot on your mind. You’re thinking about your finances, today’s mortgage rates and home prices, the limited supply of homes for sale, and more. And you’re juggling how all of those things will impact the choice you’ll make. While housing market conditions are a factor in your decision, your situation and finances…
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JUL – AUG 2024 NEWSLETTER
Zillow Therapy: Imagining Dream Homes In the hustle and bustle of daily life, many find solace in an unexpected place: Zillow. This real estate website isn’t just for severe homebuyers; it’s a playground for the imagination, offering a therapeutic escape into dream homes and better futures. A 47-year-old consultant, Elisha Caplan, finds calm by browsing…
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Don’t Wait for the Perfect Home
Patience is a virtue in life, but in the world of homebuying, waiting too long in hopes of finding the perfect home isn’t what it is. That’s why the pursuit of perfection comes at a cost. And in this case, that cost may delay your dream of homeownership. As Bankrate explains: “One of the most common first-time homebuyer mistakes…
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Homeownership: The Heart of the American Dream
Everyone’s vision for the future is personal and unique. But for many, common goals include success, freedom, and prosperity—values closely tied to having one’s own home and the iconic feeling of achieving the American Dream. A recent survey by Bankrate reveals precisely that: homeownership is still a part of the American Dream. The results show, at 78%, that owning a home tops…
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Real Estate: Top Long-Term Investment
With all the headlines circulating about home prices and mortgage rates, you may be asking yourself if it still makes sense to buy a home right now or if it’s better to keep renting. Here’s some information that could help put your mind at ease by showing that investing in a home is still a decisive decision. According to the experts…
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Market Trends Report | JULY. ’24
Realtor Insights for Home Sellers The real estate market is experiencing a shift, and home sellers are returning, finding buyers more hesitant than before. Here’s a look at the current market dynamics and what sellers need to know. Key Insights Market Dynamics The market has seen a significant increase in demand recently. However, it’s essential…
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What To Do When Your House Didn’t Sell
If your listing expires and your house doesn’t sell, it’s natural to feel frustrated and disappointed. As you work through that, you’re probably also wondering what went wrong and what you should do next. If you still need to move and want to get it back on the market, here are some things to consider as you look…