Home Ownership

March 29, 2023

How Homeownership Is Life Changing for Many Women

How Homeownership Is Life Changing for Many Women

How Homeownership Is Life Changing for Many Women

Throughout Women’s History Month, we reflect on the impact women have in our lives, and that includes impact on the housing market. In fact, since at least 1981, single women have bought more homes than single men each year, and they ...

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Posted in Home Ownership
March 10, 2023

Equity Gains for Today’s Homeowners

Equity Gains for Today’s Homeowners

 

Today’s homeowners are sitting on significant equity, even as home price appreciation has eased recently. If you’re a homeowner, your net worth got a boost over the past few years thanks to rising home prices. Here’s what it means for you, even as the market moderates.

How Equity Has ...

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Posted in Home Ownership
Jan. 19, 2023

Pre-Approval in 2023: What You Need To Know

Pre-Approval in 2023: What You Need To Know

One of the first steps in your homebuying journey is getting pre-approved. To understand why it’s such an important step, you need to understand what pre-approval is and what it does for you. Business Insider explains:

“In a preapproval [sic], the lender tells you which types of loans you ...

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Posted in Home Ownership
Jan. 17, 2023

Think Twice Before Waiting for 3% Mortgage Rates

 

Think Twice Before Waiting for 3% Mortgage Rates

Last year, the Federal Reserve took action to try to bring down inflation. In response to those efforts, mortgage rates jumped up rapidly from the record lows we saw in 2021, peaking at just over 7% last October. Hopeful buyers experienced a hit to their purchasing power ...

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Posted in Home Ownership
Jan. 10, 2023

What Experts Are Saying About the 2023 Housing Market

 


What Experts Are Saying About the 2023 Housing Market

If you’re thinking about buying or selling a home soon, you probably want to know what you can expect from the housing market this year. In 2022, the market underwent a major shift as economic uncertainty and higher mortgage rates reduced buyer demand, slowed the pace of home sales ...

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Posted in Home Ownership
Dec. 29, 2022

Applying For a Mortgage? Here’s What You Should Avoid Once You Do.

 

Applying For a Mortgage? Here’s What You Should Avoid Once You Do.

While it’s exciting to start thinking about moving in and decorating after you’ve applied for your mortgage, there are some key things to keep in mind before you close. Here’s a list of things you may not realize you need to avoid after applying for your home loan.

Don’t  ...

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Posted in Home Ownership
Dec. 15, 2022

What’s Going on with Home Prices? Ask a Professional.

 

What’s Going on with Home Prices? Ask a Professional.

If you’re thinking about buying or selling a home this year, you may have questions about what’s happening with home prices today as the market cools. In the simplest sense, nationally, experts don’t expect prices to come crashing down, but the level of home price moderation will depend on ...

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Posted in Home Ownership
Dec. 1, 2022

Why There Won’t Be a Flood of Foreclosures Coming to the Housing Market

Why There Won’t Be a Flood of Foreclosures Coming to the Housing Market

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 ...

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Posted in Home Ownership
Nov. 21, 2022

Mortgage Rates Will Come Down, It’s Just a Matter of Time

 

Mortgage Rates Will Come Down, It’s Just a Matter of Time

This past year, rising mortgage rates have slowed the red-hot housing market. Over the past nine months, we’ve seen fewer homes sold than the previous month as home price growth has slowed. All of this is due to the fact that the average 30-year fixed mortgage rate has doubled ...

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Posted in Home Ownership
Nov. 14, 2022

The Majority of Americans Still View Homeownership as the American Dream

 

The Majority of Americans Still View Homeownership as the American Dream

Buying a home is a powerful decision, and it remains a key part of the American Dream. In fact, the 2022 Consumer Insights Report from Mynd found the majority of people polled still view homeownership as a key life achievement. Let’s explore just a few of the reasons why ...

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Posted in Home Ownership