The US housing market finally saw a consistent dip in mortgage rates in the past few months. But the number of properties up for sale remains low and the prices continue to soar. While experts don’t anticipate a repeat of the 2008 Great Recession, many prospective homeowners still face a crucial question: Is now the […]
Buying a House Now: Is it a ‘Go’ or a ‘No’? Read More »
Purchasing your inaugural residence represents not only a significant and thrilling leap forward but also a pivotal achievement with the potential to greatly enhance your quality of life. For first-time homebuyers, realizing this dream involves navigating through various obstacles present in the current real estate landscape, such as the constrained inventory of available properties and
Buying Your First Home: 3 Things You Need to Know Read More »
Shelter is among the four basic human needs along with food, water, and air. It is no wonder that many people choose to invest in real estate before their retirement. Surprisingly, more younger generation are seeking a realtor nowadays. According to a news article from WCHS TV news article, millennials have bought 40% of Seattle
Top Reasons Why Millennials Invest in Real Estate Read More »
The moment you decide to purchase your forever home will probably be one you’ll cherish for a very long time. Now, when it comes down to making an offer on a house, you should prepare for some cutthroat bidding. With the real estate market in Seattle being higher than the national average, bidding wars are
Four Tips for Making Your Best Offer on a Home Read More »
Buying a home is everyone’s dream, but it is not easy to make the first step and climb the property ladder. It is a major decision that hugely depends on your financial situation and specific goals and ambitions. At the moment, 65.5% of the U.S. population lives in a home they own, and 34.5% rents, which speaks
Why Buying a Home Makes More Sense Than Renting Read More »
Many future homeowners that decided to buy a new residence are surprised by the rising mortgage rates in 2022. According to the National Association of Realtors, monthly mortgage payments have increased by 53.7% since the previous year, which is a significant change. While this occurrence has made housing less affordable for buyers, there are still
Five Things Buyers Can Do in Today’s Housing Market Read More »
Earlier this year, the US inflation rate rose to a forty-year high at 7.5%. There was strong consumer demand for a wide range of products. However, it was mostly unmet due to pandemic-related supply disruptions. As inflation’s effects started to make themselves felt throughout various sectors, some central banks raised interest rates to curb it.
How Rising Interest Rates and Inflation Impact Real Estate Read More »
America’s housing market faced a surprising upward trend in sales during the COVID-19 pandemic. Existing home sales in 2020 were the highest since 2006, and in December 2020, closed sales were 22% stronger than the previous year. Despite a weaker economy and soaring unemployment rates, house hunters across the country are swooping in to purchase
Why Demand for Housing Skyrocketed During COVID-19 Read More »
