Mortgage rates started the new year near the 6.5% threshold. According to Freddie Mac, the 30-year fixed mortgage rate rose to 6.48% from 6.42% in the last week of 2022. Although rates are more than double a year ago, rates will likely stabilize below 6% in 2023 as inflation will continue to slow down in the following months. But who can afford to buy a home now? Shifting buyer demographics may have...
NAR released a summary of pending home sales data showing that December’s pending home sales pace increased 2.5% last month but fell 33.8% from a year ago. Pending sales represent homes that have a signed contract to purchase on them but have yet to close. They tend to lead existing-home sales data by 1 to 2 months. All of the four regions showed double-digit declines from a year ago. The West...
Finding your dream home is both an emotional process and a major commitment! As you move through your home search journey, there are a few questions you should consider to make sure the home you fall in love with is actually “the one.” 1. Is this home located in your target area? If you were to purchase this home, how long would your commute be? Does it put you too far from family...
If you’re considering selling your home this year, now is a great time to start preparing! The quiet of January gives you the opportunity to start tackling your selling to-do list, plan for any big remodeling projects, and make a lasting impression on buyers once you finally list. Not sure where to start? Here are 10 helpful tips to help you prepare your home to list in 2023: Organize your...
Happy New Year! One of the most popular resolutions each year is to keep a more organized and tidy home — but that’s easier said than done. If you’ve decided to take the plunge and master the art of organization this year, use the 8 tips outlined below! These tips will help you form sustainable cleaning habits that will keep your home sparkling throughout the next 12 months and beyond. 1....
A home buyer consultation is a meeting between a potential home buyer and a real estate professional. During the consultation, the buyer can discuss their needs and wants, receive advice on the current real estate market, and receive guidance on the home buying process. The ultimate goal is to help the buyer make informed decisions and find the right home for their budget and lifestyle
