Archive for June 2023
Your Needs Matter More Than Today’s Mortgage Rates
If you’re thinking about selling your house right now, chances are it’s because something in your life has changed. And, while things like mortgage rates are a key part of your decision on what you’ll buy next, it’s important to not lose sight of the reason you want to make a change in the first place. It’s true mortgage rates have…
Read MoreLending Standards Are Not Like They Were Leading Up to the Crash
You might be worried we’re heading for a housing crash, but there are many reasons why this housing market isn’t like the one we saw in 2008. One of which is how lending standards are different today. Here’s a look at the data to help prove it. Every month, the Mortgage Bankers Association (MBA) releases the Mortgage Credit Availability Index (MCAI). According…
Read MoreThe Real Estate Market is the Strongest of Our Lifetime
This Real Estate Market Is the Strongest of Our Lifetime When you look at the numbers today, the one thing that stands out is the strength of this housing market. We can see this is one of the most foundationally strong housing markets of our lifetime – if not the strongest housing market of our lifetime. Here…
Read MoreWhy You Can’t Compare Now to the ‘Unicorn’ Years of the Housing Market
You’ve likely heard unsettling housing market headlines, mostly due to unfair comparisons with the ‘unicorn’ years. Comparing housing market metrics from one year to another can be challenging even in a normal housing market – and the last few years have been anything but normal. In a way, they were ‘unicorn’ years. Here are three…
Read MoreToday’s Real Estate Market: The ‘Unicorns’ Have Galloped Off
Comparing real estate metrics from one year to another can be challenging in a normal housing market. That’s due to possible variability in the market making the comparison less meaningful or accurate. Unpredictable events can have a significant impact on the circumstances and outcomes being compared. Comparing this year’s numbers to the two ‘unicorn’ years…
Read More2023 Summer Buying Guides Are Now Here
Things to Consider When Buying a Home The process of buying a home can be overwhelming at times, but you don’t need to go through it alone. You may be wondering if now is a good time to buy a home … or if interest rates are projected to rise or fall. I put together…
Read MoreWhy the Median Home Price Is Meaningless in Today’s Market
The National Association of Realtors (NAR) will release its latest Existing Home Sales (EHS) report later this week. This monthly report provides information on the sales volume and price trend for previously owned homes. In the upcoming release, it’ll likely say home prices are down. This may feel a bit confusing, especially if you’ve been following along and seeing the blogs…
Read MoreKnowing Your Credit Score
and Why it is important to YOU! Your credit score can range from poor to excellent. In the US, credit scores range from 300 to 850, with the following rankings: 740 – 850: Excellent, 720 – 739: Very Good, 670 – 719: Good, 580 – 669: Fair, 300 – 579: Poor When your credit score falls in…
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