After a two-year boom in the U.S. housing market, this spring season has been seen as a dud due to a dramatic spike in mortgage rates. This stalling has stunned some industry experts and there has been an unsettling effect on the market. While some buyers have had to handle much larger mortgage payments, some… [Read More]
Record bidding wars show no signs of slowing
January 2022 was the most competitive month ever for house hunters due to new families, remote workers, and rising mortgage rates according to Bloomberg. “It’s been incredibly frustrating,†said Erin Damato, in an interview with Bloomberg. “House prices have gone up about $100,000 since we’ve been looking.†Damato and her husband have been seriously hunting… [Read More]
Lessons Learned From Last Year’s Unsuccessful Homebuyers
While the 2021 housing market was booming, it wasn’t a walk in the park for most buyers. 66% of Americans who began the year with intentions to buy weren’t successful according to NerdWallet’s 2022 Home Buyer Report. With 26 million planning to buy a home this year, the lessons from the failed 2021 attempts may… [Read More]
How To Make an Offer on A Home
Finding your dream home can be exciting but also a bit terrifying. Are you sure it’s the one? After all, the offer you put in is a legally binding agreement and that agreement includes a great deal of details. There are several things to consider before you make an offer on a house. First, have… [Read More]
Housing Shortage Could Take a Decade to Fix
Aspiring homeowners continue to be frustrated at the lack of supply and low demand. New reports suggest the declining price of lumber following a year of surging demand and prices could be short-lived. According to the National Association of Realtors, far too few homes have been built for the amount of people looking to purchase…. [Read More]
One Year Later: How the Pandemic Impacted the U.S. Housing Market
It was one year ago this month that the World Health Organization declared Covid-19 a pandemic. Coronavirus has upended nearly every aspect of our daily lives, including where we live and where we work. For many people, both are now in the same location. It’s been no different for buying and selling homes across the… [Read More]