What Caused the Housing Crash 15 Years Ago? Back in 2006, foreclosures flooded the market. That drove down home values dramatically. The two main reasons for the flood of foreclosures were: Many purchasers were not truly qualified for the mortgage they obtained, which led to more homes turning into foreclosures. ...
Continue ReadingI am beyond grateful that I have been able to help over 50 families buy and/or sell a home in our Countryside community. My mission is to help you successfully navigate our ever-changing real estate market with ease. If you are ready to talk about selling and/or buying, call or ...
Continue ReadingThis chart will show you how your monthly payment could be impacted as the interest rates increase. No matter what, the best strategy is to work with your real estate advisor and a trusted lender to create a plan that takes rising mortgage rates into consideration. Together, you can look at your ...
Continue ReadingHow Today’s Mortgage Rates Impact Your Home Purchase If you’re planning to buy a home, it’s critical to understand the relationship between mortgage rates and your purchasing power. Purchasing power is the amount of home you can afford to buy that’s within your financial reach. Mortgage rates directly impact the monthly payment ...
Continue ReadingHow To Approach Rising Mortgage Rates as a Buyer In the last few weeks, the average 30-year fixed mortgage rate from Freddie Mac inched up to 5%. While that news may have you questioning the timing of your home search, the truth is, timing has never been more important. Even though you ...
Continue ReadingWhy This Housing Market Is Not a Bubble Ready To Pop Homeownership has become a major element in achieving the American Dream. A recent report from the National Association of Realtors (NAR) finds that over 86% of buyers agree homeownership is still the American Dream. Prior to the 1950s, less than half of the country owned ...
Continue ReadingWhat You Need To Know if You’re Thinking About Building a Home If you’re ready to move up, you may be trying to decide whether you want to buy a home that’s already on the market or build a new one. And since the supply of homes available for sale today is low, ...
Continue ReadingWhat’s Happening with Mortgage Rates, and Where Will They Go from Here? Based on the Primary Mortgage Market Survey from Freddie Mac, the average 30-year fixed-rate mortgage has increased by 1.2% (3.22% to 4.42%) since January of this year. The rate jumped by more than a quarter of a point from just a ...
Continue ReadingWhat You Need To Budget for When Buying a Home When it comes to buying a home, it can feel a bit intimidating to know how much you need to save and where to find that information. But you should know, you’re not expected to have all the answers yourself. There ...
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