Friday, March 26, 2021 / by Austin Goodale
Buyer & Seller Perks in Today’s Housing Market
Thursday March 25th, 2021 For Buyers, For Sellers, Housing Market Updates, Interest Rates
Right now, the housing market is full of outstanding opportunities for both buyers and sellers. Whether you’re thinking of buying your first home, moving up to a bigger one, or selling so you can downsize this spring, there are perks today that are powering big moves for people across the country. Here are the top two to keep on the radar this season.
The Biggest Perk for Buyers: Low Mortgage Rates
Today’s most compelling buyer incentive is low mortgage interest rates. The 30-year fixed-rate is now averaging just over 3%. While that’s slightly higher than the record-lows from 2020 and earlier this year, it’s still way lower than historic norms, making purchasing a home an ongoing perk for hopeful buyers (See graph below):This is a huge advantage f ...
Monday, June 15, 2020 / by Austin Goodale
It’s not what you think -- you almost can’t find a headline with the term “housing affordability” without the word “crisis”
attached to it. That’s because some only consider the fact that residential real estate prices have continued to appreciate.
But it’s not just the price of a home that matters, but the price relative to a purchaser’s buying power.
Most people buy homes with a mortgage. The current mortgage rate is a major component of the affordability equation.
Mortgage rates have fallen by over a full percentage point since December 2018. Another major piece of the affordability
equation is a buyer’s income. The median family income has risen by 3.5% over the last year. Combined, these reveal that homes
are very affordable in comparison to historic numbers, and how they have become even more affordable over the past several months.
For ins ...
Thursday, December 12, 2019 / by Lynn Goodale
Have You Outgrown Your Home?
It may seem hard to imagine that the home you’re in today – whether it’s your starter home or just one you’ve fallen in love with along the way – might not be your forever home.
The good news is, it’s okay to admit if your house no longer fits your needs.
According to the latest Home Price Insights from CoreLogic, prices have appreciated 3.5% year-over-year. At the same time, the National Association of Realtors (NAR) reports inventory has dropped 4.3% from one year ago.These two statistics are directly related to one another. As inventory has decreased and demand has increased, prices have been driven up.
This is great news if you own a home and are thinking about selling. The equity in your house has likely risen as prices have increased. Even better is the fact that there’s a large pool of buyers out there searching for the American dream ...
Tuesday, December 3, 2019 / by Lynn Goodale
It’s ‘National Roof Over Your Head’ Day!
Did you know that each year in the United States, we celebrate “National Roof Over Your Head Day” on December 3rd?
As noted on the National Calendar, it was “created as a day to be thankful for what you have, starting with the roof over your head. There are many things that we have that we take for granted and do not stop to appreciate how fortunate we are for having them.”
From bungalows to cottages, and farmhouses to treehouses, today we show our appreciation and gratitude for the places we call home. Owning the roof that shelters us is something many renters still aspire to, knowing there are so many financial and non-financial benefits to homeownership.
According to the 2019 State of the Nation’s Housing from the Joint Center for Housing Studies of Harvard University,
“Cost-burdened renters now outnumber cost-burdened homeowner ...
Wednesday, November 20, 2019 / by Austin Goodale
Insider Tips for Happy, Healthy, and Wealthy Living!
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Dear Friend, November
We hardly need another reason to have a furry or feathered (or scaly!) member of the family, but did you know they could actually make us healthier? In today’s Service For Life! ® Free consumer newsletter, you’ll learn how your best friend might be more than a companion.
You’ll also learn how to ...