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[vc_row][vc_column][vc_column_text]With the rapid shift that’s happened in the housing market this year, some people are raising concerns that we’re destined for a repeat of the crash we saw in 2008. But in truth, there are many key differences between what’s happening today and the bubble in the early 2000s.   One of the reasons this isn’t like the last time is the number of foreclosures in the market is...

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[vc_row][vc_column][vc_column_text]If you’re a homeowner, odds are your equity has grown significantly over the last few years as home prices skyrocketed and you made your monthly mortgage payments. Home equity builds over time and can help you achieve certain goals. According to the latest Equity Insights Report from CoreLogic, the average borrower with a home loan has almost $300,000 in equity right now.   As you weigh your options, especially in the face of inflation and talk...

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[vc_row][vc_column][vc_column_text]There’s no denying the housing market is undergoing a shift this season, and that may leave you with some questions about whether it still makes sense to sell your house. Here are three of the top questions you may be asking – and the data that helps answer them – so you can make a confident decision.   1. Should I Wait to Sell?   Even though the supply of...

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[vc_row][vc_column][vc_column_text]Now that the end of 2022 is within sight, you may be wondering what’s going to happen in the housing market next year and what that may mean if you’re thinking about buying a home. Here’s a look at the latest expert insights on both mortgage rates and home prices so you can make your best move possible.   Mortgage Rates Will Continue To Respond to Inflation   There’s no...

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[vc_row][vc_column][vc_column_text]Every time there’s a news segment about the housing market, we hear about the affordability challenges buyers are facing today. Those headlines are focused on how much mortgage rates have climbed this year. And while it’s true rates have risen dramatically, it’s important to remember they aren’t the only factor in the affordability equation.   Here are three measures used to establish home affordability: home prices, mortgage rates, and...

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[vc_row][vc_column][vc_column_text]While higher mortgage rates are creating affordability challenges for homebuyers this year, there is some good news for those people still looking to buy a home.   As the market has cooled this year, some of the intensity buyers faced during the peak frenzy of the pandemic has cooled too. Here are just a few trends that may benefit you when you go to buy a home today.   1. More Homes to Choose...

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[vc_row][vc_column][vc_column_text]Since the 2008 housing bubble burst, the word recession strikes a stronger emotional chord than it ever did before. And while there’s some debate around whether we’re officially in a recession right now, the good news is experts say a recession today would likely be mild and the economy would rebound quickly. As the 2022 CEO Outlook from KPMG says: “Global CEOs see a ‘mild and short’...

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[vc_row][vc_column][vc_column_text]With higher mortgage rates, you might be wondering if now’s the best time to buy a home. While the financial aspects are important to consider, there are also powerful non-financial reasons it may make sense to make a move. Here are just a few of the benefits that come with homeownership.   Homeowners Can Make Their Home Truly Their Own   Owning your home gives you a significant sense of accomplishment because...

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[vc_row][vc_column][vc_column_text] Does the latest news about the housing market have you questioning your plans to sell your house? If so, perspective is key. Here are some of the ways a trusted real estate professional can explain the shift that’s happening today and why it’s still a sellers’ market even during the cooldown.   Fewer Homes for Sale than Pre-Pandemic   While the supply of homes available for sale has increased this year compared...

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[vc_row][vc_column][vc_column_text]Today’s cooling housing market, the rise in mortgage rates, and mounting economic concerns have some people questioning: should I still buy a home this year? While it’s true this year has unique challenges for homebuyers, it’s important to factor the long-term benefits of homeownership into your decision.   Consider this: if you know people who bought a home 5, 10, or even 30 years ago, you’re probably going to have...

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