Posted on May 16, 2022
According to Pew Research Center, more households are renting than at any point in the last 50 years. Many people, however, dream of getting out of the rental cycle and into their own homes. For some, it’s an opportunity to build equity; for others, it's about gaining control and stability - not hav...
Posted on May 04, 2022
As home prices continue to rise, plenty of would-be homebuyers are worried that their chances of ever owning a home are drying up - especially lower-income families who don’t have as much financial wiggle room to adjust to home prices skyrocketing 20% in a single year. However, affordable housing...
Posted on May 03, 2022
For many homeowners, a mortgage is the most significant financial transaction of their lives. Not only is it the largest by dollar amount, but a home loan - and the equity it allows homeowners to build - can have generational life-changing impact. According to The National Association of Realtors (...
Posted on Apr 27, 2022
Earlier this year the average mortgage for a U.S. home loan rose above 5% - a noticeable shift from last year’s historic lows. Mortgage rates last reached this point in 2018, and they may continue to rise. While many homebuyers rushed to lock in mortgage rates before they went even higher, a fair n...
Posted on Apr 21, 2022
It’s an exodus from the Excelsior state: every year, New York accounts for the largest influx of new residents to Florida - and because of the large number of people coming from NYC, some people are jokingly (or not so jokingly) referring to it as “as the sixth borough of New York City.” Over 30,000...
Posted on Apr 19, 2022
According to data from Trulia, the American public is fairly split on whether they prefer a newly built home or an old home. Assuming the same price, 41% of Americans prefer to buy a newly built home, while 21% prefer an existing home. But the remaining 38% have no preference. Opinions on buy...
Posted on Apr 07, 2022
Rate locking is a topic that’s come up a lot recently as the mortgage rate climbs higher and higher. Homebuyers first had to deal with rapidly rising prices - now the mortgage rates have followed! What does it mean to lock your mortgage rate, how can you do it, and when should you do it? Here’s what...
Posted on Apr 04, 2022
You’ve found the perfect home on Zillow, but it’s listed as “off market.” What does that mean? Generally speaking, a home that is “off market” is not for sale. This means that the homeowner is not actively trying to sell their home - or if they are, they are not doing it through a public channel.&nb...
Posted on Mar 25, 2022
If closing costs have caught you by surprise, you wouldn't be the first. First-time DC homebuyers are often surprised to learn that closing costs are separate from the down payment. What exactly are closing costs? These are the additional expenses that come along with buying a home. Appraisal fees,...