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[vc_row][vc_column][vc_column_text]Considering buying a home? Sometimes, it can feel like everyone has a opinion when it comes to buying a home. Keep in mind that while your friends and family have your best interests in mind, they may also be missing information about today’s housing market that can be used to make your best decision.   Before you buy a home, you should know how to answer the following...

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[vc_row][vc_column][vc_column_text]In April, the National Association of Home Builders (NAHB) reported that 60% of people who were looking to buy a home in 2020 would prefer new construction to an existing home. However, it now seems that buyers have shifted their preferences back to existing homes.   While the percentage of Americans planning to buy a home in the next six months is virtually the same as it was back...

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[vc_row][vc_column][vc_column_text]Median rental prices have reached their highest point ever recorded in many areas across the country. Rent payments rose by 8.1% from the same time last year. Beyond recovering to pre-pandemic levels, rents across the country are surging.   Typically, rents fluctuate less than 1% from month to month, but in May and June, rents increased by 3.0% and 3.2%. Meaning if you’re a renter concerned about rising prices, now may be...

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foreclosure

[vc_row][vc_column][vc_column_text]With forbearance plans coming to an end, many are concerned the housing market will experience a surge of foreclosures like what happened after the housing bubble in 2008. Here are a few reasons why that won't happen…   The current market can take any listings new to the market   When foreclosures hit the market in 2008, there was an excess supply of homes for sale. In 2008, there...

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[vc_row][vc_column][vc_column_text]With home prices continuing to rise, some are concerned we’re in a housing bubble like the one in 2006. However, a closer look paints a completely different picture…here’s why.   Homeowners aren’t refinancing their homes   During the housing bubble in 2006, people were refinancing their homes and pulling out large sums of cash as home prices skyrocketed. As prices began to fall, that caused many to spiral into...

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[vc_row][vc_column][vc_column_text]Last week, a Fannie Mae survey showed 77% of people believe it’s a “good time to sell.” This also confirms an increasing number of Americans who believe it’s a “bad time to buy” a home. While greater negativity has been expressed toward homebuying over the last few months, renters who say they are planning to buy a home in the next few years have demonstrated even more...

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[vc_row][vc_column][vc_column_text]Attention homebuyers - there may not be a better time to sell than right now. Here are four things to consider if you’re trying to decide if now’s the time to make a move.   Competition is at an all-time high   Homes are going fast and buyers are more willing than ever to enter bidding wars for your home.   In addition to selling fast, homes are also receiving multiple offers. Sellers...

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[vc_row][vc_column][vc_column_text]Almost everyone has an opinion on whether the real estate market is a bubble ready to pop right now, but when it comes down to it, the most credible opinions are the ones backed by knowledge and expertise.   We gathered expert opinions from professionals who have devoted their careers to advising others on housing industry trends and predictions.   Bill McBride of Calculated Risk: “It's not clear at all to me...

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