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How Much Home Equity Have You Gained?
There are several reasons you may be thinking about selling your house. As you weigh your options, you may find you’re unsure how you will deal with one thing about today’s housing market – affordability. If that’s your biggest concern, understanding how much equity you have in your house could help make your decision that much easier. Here are two key factors that have…
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2025 Housing Market Forecasts: What To Expect
Looking ahead to 2025, it’s essential to know what experts are projecting for the housing market. Whether you’re considering buying or selling a home next year, having a clear picture of what they are for can help you make the best possible decision regarding your homeownership plans. Here’s an early look at the most recent projections…
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How Mortgage Rate Changes Impact Your Homebuying Power
If you’re considering buying or selling a home, you’ve probably got mortgage rates on your mind. That’s because you’ve likely heard that mortgage rates impact how much you can afford in your monthly mortgage payment, and you want to factor that into your planning. Here’s what you need to know. What’s Happening with Mortgage Rates? Mortgage rates have been trending…
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Where Will You Go After You Sell?
If you plan to sell your house and move, you probably know there’s been a shortage of options. But here’s the good news: the supply of homes for sale has grown in many markets this year – and that’s not just existing or previously owned homes. It’s true for newly built homes, too. So, how do you decide which…
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Top Mistakes Sellers Make
The housing market is going through a transition. Higher mortgage rates are causing more moderate buyer activity, and at the same time, the supply of homes for sale is growing. If you aren’t working with an agent, you may not realize that. Here’s the downside: If you’re not informed, you can’t adjust your strategy or expectations to today’s market, which…
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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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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…
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How Long Will It Take To Sell My House?
You want your house to sell fast. And you may be wondering how long the whole process will take. One way to get your answer? Work with a local real estate agent. They have the expertise to tell you how quickly homes are selling in your area and what’s impacting timelines for other sellers. That way, you have realistic expectations and can…
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Housing Market Forecast: 2nd Half of 2024
As we move into the second half of 2024, here’s what experts say you should expect for home prices, mortgage rates, and home sales. Home Prices Are Expected To Climb Moderately Home prices are forecasted to rise at a more normal pace. The graph below shows the latest forecasts from seven of the most trusted sources in the industry:…
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Do Elections Impact the Housing Market?
The 2024 Presidential election is just months away. As someone who’s potentially buying or selling a home, you’re probably curious about what effect, if any, elections have on the housing market. It’s a question because buying or selling a home is a significant decision, and it’s natural to wonder how such a significant event might impact your plans. Historically, Presidential elections have only…