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Are Assumable Mortgages a Boon for Buyers?
Assumable mortgages, which allow a buyer to take over a seller’s existing loan, are becoming popular in today’s market. With rising interest rates, these low-rate loans can offer significant savings and stability. Here are the pros and cons of assumable mortgages and how they can benefit homebuyers. What Are Assumable Mortgages? An assumable mortgage is…
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MAY– JUNE 2024 NEWSLETTER
Denver Metro Area Ranks as the Hottest Housing Market in the Country for a Second Year in a Row According to a recent report by U.S. News & World Report, Denver has regained its position as the hottest housing market in the United States for housing. The report highlights Denver’s strong performance in various housing market indicators, including home price…
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How Buying or Selling a Home Benefits Your Community
If you’re thinking of buying or selling a house, it’s important to know that it impacts more than just you—it helps out the local economy and your community, too. Every year, the National Association of Realtors (NAR) puts out a report that breaks down the financial impact that comes from people buying and selling homes (see visual below): When a house is sold, it boosts the local…
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How To Make Your Dream a Reality
If you’re a member of a younger generation, like Gen Z, you may be asking the question: will I ever be able to buy a home? And chances are, you’re worried that will not be in the cards with inflation, rising home prices, mortgage rates, and more seemingly stacked against you. While this housing market is certainly challenging…
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What’s Motivating Your Move?
Thinking about selling your house? As you decide, consider what’s pushing you to think about moving. A recent survey from Realtor.com looked into why people want to sell their homes this year. Here are the top two reasons (see graphic below): Let’s look closer and see if they’re also motivating you to make a change. 1. To Make a Profit…
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Market Trends Report | May. ’24
Realtor Insights: Navigating the Real Estate Market In the dynamic world of real estate, understanding market trends is crucial for both buyers and sellers. Here are some key insights to help you navigate the current landscape: Quick Stats Snapshot: Here are some quick statistics to give you a snapshot of the current real estate market:…
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The Perks of Buying over Renting
Thinking about buying a home? While today’s mortgage rates might seem intimidating, here are two solid reasons why it could still be a smart move to get your place if you’re ready and able. 1. Home Values Typically Go Up Over Time Over the past year or so, there’s been some confusion about how home prices are headed. Make…
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Now’s a Great Time To Sell Your House
Are you thinking about selling your house? If you are, you might be weighing factors like today’s mortgage rates and your changing needs to determine your next move. Here’s something else to consider. According to the latest Home Purchase Sentiment Index (HPSI) from Fannie Mae, the percentage of respondents who say it’s an excellent time to sell is on the rise (see graph below): Why Are…