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Last year, theFederal Reservetook action to try to bring down inflation. In response to those efforts,mortgage ratesjumped up rapidly from the record lows we saw in 2021, peaking at just over 7%last October. Hopefulbuyersexperienced a hit to their purchasing power as a result, and some decided to pr [Read More]

The real estate market is in a tricky spot right now. Homeownerequityhit a delirious peak of $17.6 trillion in May 2021, thanks to a pandemic-induced45% spikein prices. Since then, it has declined by more than $1.3 trillion, according to the latest data fromBlack Knights Mortgage Monitorfor Septembe [Read More]

If buying or selling a home is part of your dreams for 2023, its essential for you to understand todays housing market, define your goals, and work with industry experts to bring your homeownership vision for the new year into focus.In the last year,high inflationhad a big impact on the economy, the [Read More]

Did the frequency and intensity of bidding wars over the past two years make you put yourhome searchon hold? If so, you should know the hyper competitive market has cooled this year as buyer demand has moderated andhousing supplyhas grown. Those two factors combined mean you may see less competition [Read More]

If youre thinking about retirement or have already retired this year, you may be planning your next steps. One of your goals could beselling your houseand finding a home that more closelyfits your needs.Fortunately, you may be in a better position to make a move than you realize. Here are a few thin [Read More]

Did the frequency and intensity of bidding wars over the past two years make you put yourhome searchon hold? If so, you should know the hyper competitive market has cooled this year as buyer demand has moderated andhousing supplyhas grown. Those two factors combined mean you may see less competition [Read More]

There are many people thinking about buying a home, but with everything affecting theeconomy, some are wondering if its a smart decision to buy now or if it makes more sense to wait it out. As Bob Broeksmit, President and CEO of theMortgage Bankers Association(MBA),explains:The desire for homeowners [Read More]

Theres no denyingmortgage ratesare higher now than they were last year. And if youre thinking about buying a home, this may be top of mind for you. Thats because those higher rates impact how much it costs to borrow money for your home loan. As you set out to make a purchase this winter, youll need [Read More]

If youre thinking aboutselling your house, youre likely hearing about the cooling housing market and wondering what that means for you. While its not the peak intensity we saw during the pandemic, were still in a sellers market. That means you havent missed your window.Realtor.comexplains:. . . whil [Read More]

If youre thinking of buying a home and living with siblings, parents, or grandparents, then multigenerational living may be for you. ThePew Research Centerdefines a multigenerational household as a home with two or more adult generations. And the number of individuals choosing multigenerational livi [Read More]