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Why Now May Be a Key 2025 Moment To Sell Your House
Why Now May Be a Key 2025 Moment To Sell Your House Mortgage rates are finally heading in the right direction – and buyers are starting to jump back in. According to the data, buyer demand picked up considerably once mortgage rates hit a new low for 2025. The Mortgage...
A Near Record Low Percentage of Sales Are Foreclosures
Foreclosures aren’t flooding the market. Far from it. Only 2% of home sales in July were foreclosures or short sales. That’s close to a record low. And that's a very different story than 2008 crash. Want to know what’s happening in our area? Let’s...
What a Fed Rate Cut Could Mean for Mortgage Rates
What a Fed Rate Cut Could Mean for Mortgage Rates The Federal Reserve (the Fed) meets this week, and expectations are high that they’ll cut the Federal Funds Rate. But does that mean mortgage rates will drop? Let’s clear up the confusion. The Fed Doesn’t Directly Set...
Patience Won’t Sell Your House. Pricing Will.
Patience Won’t Sell Your House. Pricing Will. Waiting for the perfect buyer to fall in love with your house? In today’s market, that’s usually not what’s holding things up. And here’s why. Let’s be real. Homes are taking a week longer to sell than they did a year ago....
Mortgage Rates Just Saw Their Biggest Drop in a Year
Mortgage Rates Just Saw Their Biggest Drop in a Year You’ve been waiting for what feels like forever for mortgage rates to finally budge. And last week, they did – in a big way. On Friday, September 5th, the average 30-year fixed mortgage rate fell to the lowest level...
Inventory of Homes for Sale at 5-Year High Graph
The number of homes actively for sale is at its highest point since 2020 — and that’s a big deal for any homebuyer out there. That gives you the widest selection of homes to choose from right now that you’ve had in five years. That means a better shot at finding the...
Why 50% of Homes Are Selling for Under Asking and How To Avoid It
Why 50% of Homes Are Selling for Under Asking and How To Avoid It If your selling strategy still assumes you’ll get multiple offers over asking, it’s officially time for a reset. That frenzied seller’s market is behind us. And here are the numbers to prove it. ...
Builder Incentives Reach 5-Year High
Builder Incentives Reach 5-Year High Even with more homes on the market right now, some buyers are still having a tough time finding the right one at the right price. Maybe the layout feels off. Maybe it still needs some updating. Or maybe it’s just more of the same....
What Mortgage Delinquencies Tell Us About the Future of Foreclosures
What Mortgage Delinquencies Tell Us About the Future of Foreclosures You may be seeing headlines about how foreclosures are rising. And if that makes you nervous that we’re headed for another crash, here’s what you should know. According to ATTOM, during the...
Most Homeowners Have a Lot of Equity Pie Chart
If you’ve owned your home for a while, you probably have some serious equity. Right now, over two-thirds of homeowners have either paid off their mortgage entirely or have at least 50% equity. That’s a powerful position to be in. Because that much equity gives you a...
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