If you’re wondering if home prices are going to come down due to the cooldown in the housing market or a potential recession, here’s what you need to know. Not only are experts forecasting home prices will continue to appreciate nationwide this year, but most of them also actually increased their projections for home price appreciation from their original 2022 forecasts (shown in green in the chart below): As the chart shows, most sources adjusted up, and now call for more appr... read more

If you're considering ditching the landlord for a mortgage, here are five things that you need to know to help you figure out if you're ready to buy a home. First, your down payment may not be your biggest hurdle. Buying a home requires a substantial financial commitment.  Having a down payment of 5-7% can make a huge difference.  We also need to consider closing costs that are 3% to 6% depending on where you live.  If you don’t put down 20% there will be PMI (Private Mortgage Insurance) that c... read more

If rising home prices leave you wondering if it makes more sense to rent or buy a home in today’s housing market, consider this. It’s not just home prices that have risen in recent years – rental prices have skyrocketed as well. As a recent article from realtor.com says: “The median rent across the 50 largest US metropolitan areas reached $1,876 in June, a new record level for Realtor.com data for the 16th consecutive month.” That means ri... read more

If you’re following the news, chances are you’ve seen or heard some headlines about the housing market that don’t give the full picture. The real estate market is shifting, and when that happens, it can be hard to separate fact from fiction. That’s where a trusted real estate professional comes in. They can help debunk the headlines so you can really understand today’s market and what it means for you. Here are three common housing market myths you might be hearing, along with the expe... read more