According to NAR’s 2023 Home Buyers and Sellers Generational Trends study, first-time homebuyers make up about one-quarter of the market. The elder and younger millennials and...CONTINUE READING ARTICLE
Category - Home Buying
Mortgage Rates Are Steadily Edging Downward
“A recent sideways trend in mortgage rates is a welcome departure from the record increases of last year,” says Freddie Mac’s chief economist.
The average for the...CONTINUE READING ARTICLE
Why Aren’t Home Prices Crashing?
There have been a lot of shifts in the housing market recently. Mortgage rates rose dramatically last year, impacting many people’s ability to buy a home. And after several years of...CONTINUE READING ARTICLE
Lower Mortgage Insurance Premiums Will Help Affordability
The monthly fee for FHA loans is being reduced, alleviating “some of the financial stress” buyers have faced from rising home prices and mortgage rates, the...CONTINUE READING ARTICLE
What You Should Know About Closing Costs
Before you buy a home, it’s important to plan ahead. While most buyers consider how much they need to save for a down payment, many are surprised by the closing costs they...CONTINUE READING ARTICLE