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How Co-Buying a Home Helps with Affordability Today
Buying a home in today’s market can feel like an uphill battle – especially with home prices and mortgage rates putting pressure on your budget. If you’re feeling stuck, co-buying could be one way to help you get your foot in the door. Freddie Mac says: “If you are an aspiring homeowner, buying a home with your family or friends could be…
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Is a Fixer Upper Right for You?
Are you looking to buy a home but feeling almost everything is out of reach? Here’s the thing. There’s still a way to become a homeowner, even when affordability seems like a huge roadblock – and it might be with a fixer-upper. Let’s dive into why buying a fixer-upper could be your ticket to homeownership and how you can make it…
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Home Values Rise Even as Median Prices Fall
Recent headlines have been buzzing about the median asking price of homes dropping compared to last year, and that’s sparked plenty of confusion. And as a buyer or seller, it’s easy to assume that prices are coming down. But here’s the catch: those numbers don’t tell the whole story. Home values are rising nationally, even if the median price…
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The Best Time To Buy a Home This Year
A shift is underway in the housing market this season. And if you’ve been sitting on the sidelines waiting for the right moment to jump back into your homebuying search, this is a great time to do it. That’s because the best week to buy a home this year is just around the corner. Your sweet spot is…
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SEP– OCT 2024 NEWSLETTER
The Shrinking Trend: How Smaller Homes Are Maximizing Space and Functionality The future of home design is all about doing more with less, and new homes are getting smaller without losing their charm—or their function! In response to affordability challenges, builders are scaling back on square footage while finding creative ways to keep homes practical…
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Could a 55+ Community Be Right for You?
If you’re considering downsizing, you may hear about 55+ communities and wonder if they’d be a good fit for you. Here’s some information that could help you make your decision. What Is a 55+ Community? It’s important to note that these communities aren’t just for people who need extra support – they can be pretty vibrant,…
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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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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:…