Category: First Time Home Buyers

Three Things Buyers Can Do in Today’s Housing Market

First Time Home Buyers / For Buyers / Housing Market Updates / Move-Up Buyers

Three Things Buyers Can Do in Today’s Housing Market

It’s clear the 2022 housing market has been defined by rising mortgage rates. With rates on the rise, it’s also become more costly to purchase a home. According to the National Association of Realtors (NAR): “Compared to one year ago, the monthly mortgage payment rose to $1,944 from $1,265, an...

New Homes May Have the Incentives You’re Looking for Today

First Time Home Buyers / For Buyers / Housing Market Updates / Move-Up Buyers / New Construction

New Homes May Have the Incentives You’re Looking for Today

According to the U.S. Census Bureau, this year, builders are on pace to complete more than a million new homes in this country. If you’ve had trouble finding a home to buy over the past year, it may be time to work with your trusted agent to consider a new...

Buyers: You May Face Less Competition as Bidding Wars Ease

First Time Home Buyers / For Buyers / Housing Market Updates / Move-Up Buyers

Buyers: You May Face Less Competition as Bidding Wars Ease

One of the top stories in recent real estate headlines was the intensity and frequency of bidding wars. With so many buyers looking to purchase a home and so few of them available for sale, fiercely competitive bidding wars became the norm during the pandemic – and it drove home...

Why You May Want To Start Your Home Search Today

First Time Home Buyers / For Buyers / Housing Market Updates / Move-Up Buyers

Why You May Want To Start Your Home Search Today

If you’re thinking about buying a home, you likely have a lot of factors on your mind. You’re weighing your own needs against higher mortgage rates, today’s home prices, and more to try to decide if you want to jump into the market. While some buyers may wait things out,...

3 Tips for Buying a Home Today

Buying Myths / First Time Home Buyers / For Buyers / Interest Rates / Move-Up Buyers / Pricing

3 Tips for Buying a Home Today

If you put off your home search at any point over the past two years, you may want to consider picking it back up based on today’s housing market conditions. Recent data shows the supply of homes for sale is increasing, giving buyers like you additional options. But it’s important...

The U.S. Homeownership Rate Is Growing

First Time Home Buyers / For Buyers / Housing Market Updates / Rent vs. Buy

The U.S. Homeownership Rate Is Growing

The desire to own a home is still strong today. In fact, according to the Census, the U.S. homeownership rate is on the rise. To illustrate the increase, the graph below shows the homeownership rate over the last year: That data shows more than half of the U.S. population live...

Is the Shifting Market a Challenge or an Opportunity for Homebuyers?

First Time Home Buyers / For Buyers / Housing Market Updates / Move-Up Buyers

Is the Shifting Market a Challenge or an Opportunity for Homebuyers?

If you tried to buy a home during the pandemic, you know the limited supply of homes for sale was a considerable challenge. It created intense bidding wars which drove home prices up as buyers competed with one another to be the winning offer. But what was once your greatest...

Buying a Home May Make More Financial Sense Than Renting One

First Time Home Buyers / For Buyers / Pricing / Rent vs. Buy

Buying a Home May Make More Financial Sense Than Renting One

If rising home prices leave you wondering if it makes more sense to rent or buy a home in today’s housing market, consider this. It’s not just home prices that have risen in recent years – rental prices have skyrocketed as well. As a recent article from realtor.com says: “The median...