A shortage of housing inventory made it difficult for many homebuyers to find a house this year. And according to many experts, next year may be much of the same. As more and more Baby Boomers age in place and existing homeowners stay in their homes longer (an average of 23 years in some [...]
Whether you’re thinking of buying a home or just refinancing the one you already own, it seems like next year could be a good year to do it. According to industry experts, interest rates will remain historically low — and it could make homeownership more affordable than ever. A Look at 2020 If you’ve [...]
Homebuyers are in luck: it seems competition is waning, and it could mean more leverage as we head into the holiday season. Of course, there’s still a shortage of housing inventory and plenty of demand in most major markets, but according to recent stats, competition isn’t nearly as stiff as it was in years [...]
We’re officially into fall, and if you’ve been thinking about buying a home, we’re quickly approaching the best days of the year to do it. According to a study from ATTOM Data Solutions, October, November, and December claim nine out of the year’s 10 best home buying days overall. The study looked at 18 [...]
If you’re buying a home in a hot market or you’re just eyeing a super in-demand property, you very well might find yourself in a bidding war, competing with dozens of other offers, buyers and, in many cases, even investors. Fortunately, a bidding war doesn’t necessarily mean you’ll lose the property — nor does [...]
So you’re tired of the rent race. You’re sick of throwing money into the proverbial hole, and you want to start paying your own mortgage — not your landlord’s. But are you really ready? You see, there’s more to owning a home than just making a mortgage payment. Buying a house means constant repairs [...]
If you’ve been actively searching for a home, then you’ve probably seen the term “under contract” or “pending” on a listing before. But what does it mean? And does it rule the home out completely? That depends. Generally, “under contract” means another buyer has put an offer on the home, and the seller has accepted. [...]
Working with a great real estate agent, getting pre-approved for your mortgage, and organizing your financial documentation early are all important — and well-known — steps for first-time homebuyers. But there’s also a lesser-known must-do for first-timers that’s not as highly publicized: seeing your potential home at all hours. You see, touring a property [...]
For 2019, homes for sale may stay on the market longer than they did at this time last year, and prices may drop as a result — but the good homes that are priced right will still go fast. In addition, the number of those good homes that aren't overpriced will dwindle as well, [...]