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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…
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Selling Smart: The Real Estate Agent Advantage
If you’re considering selling your house on your own as a “For Sale by Owner” (FSBO), you want to think about if it’s worth the extra stress. Going this route means shouldering many responsibilities yourself – and if you’re not an expert, that opens the door for mistakes to happen and can quickly become overwhelming. A report from the National Association…
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Questions About Selling Your House
There’s no denying mortgage rates are having a significant impact on today’s housing market. And that may leave you with some questions about whether it still makes sense to sell your house and make a move. Here are three top questions you may be asking – and the data that helps answer them. 1. Should I Wait To Sell? If…
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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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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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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…