11 Ways to Build Home Equity
These days, home equity is booming thanks to rapidly appreciating property values. At last glance, total equity on mortgaged properties exceeded $10 trillion, with more… Read More »11 Ways to Build Home Equity
Housing Market
Commentary on the latest housing market news, with a focus on home prices, buying and selling conditions, and if another housing crash is right around the corner.
Hint: It probably isn’t for a while, at least with regard to home prices. Though you could argue there’s a major affordability crisis at the moment.
In short, a lack of for-sale supply continues to plague the housing market.
This absence of inventory has resulted in record high home prices, despite a surge in mortgage rates from the 2-3% range to 7% and higher.
And it’s probably hurting first-time home buyers the most, whether it’s an affordability issue or the inability to find a property.
At the same time, home sellers remain in a good spot due to this lack of supply and still relatively strong demand.
The problem for them might be finding a suitable replacement property.
Condo vs. Townhouse: Why It Matters
It’s been a while since I’ve done a matchup, so let’s talk about an important one if you’re in the market to buy real estate.… Read More »Condo vs. Townhouse: Why It Matters
Zillow Will Now Buy Your Home for Its Zestimate Price
Zillow appears to be putting its money where its mouth is by offering to buy properties at their Zestimate price. No longer is the Zestimate… Read More »Zillow Will Now Buy Your Home for Its Zestimate Price
Look for a Mortgage Before You Search for a Home
While it might look and sound counterintuitive at first glance, it could actually make perfect sense. Instead of assuming that home loan financing is just… Read More »Look for a Mortgage Before You Search for a Home
Should You Buy a New Home or an Old Home? There Are Pros and Cons to Both
New Home vs. Old Home It’s time for another match-up, this time we’ll compare buying a new home versus purchasing an old one. For the… Read More »Should You Buy a New Home or an Old Home? There Are Pros and Cons to Both
The CEO of a Tech-Enabled Loan Servicer Believes We Might Be on the Cusp of Another Foreclosure Crisis
The co-founder and CEO of a so-called “tech-enabled residential mortgage servicer” named Valon (formerly Peach Street) has warned we could be on the brink of… Read More »The CEO of a Tech-Enabled Loan Servicer Believes We Might Be on the Cusp of Another Foreclosure Crisis
The 2021 Housing Market Is Kind of Like the Toilet Paper Shortage
To say residential real estate is on fire would be a huge understatement. In fact, it’s so popular that we’re literally running out of homes.… Read More »The 2021 Housing Market Is Kind of Like the Toilet Paper Shortage
How to Move Out of Your Parents House
There’s nothing inherently wrong with living with your parents, other than EVERYTHING! So let’s talk about how to GET OUT! To be clear, I’m going… Read More »How to Move Out of Your Parents House
2021 Mortgage and Housing Market Predictions
Welp, it’ll be nice to close out 2020 and look ahead to a brand-new year that hopefully features a lot less drama and much more… Read More »2021 Mortgage and Housing Market Predictions
Record Home Purchase Activity Expected in 2021 Despite Higher Mortgage Rates
While mortgage rates are projected to be slightly higher next year, home purchase activity should hit a new record high, per the latest forecast from… Read More »Record Home Purchase Activity Expected in 2021 Despite Higher Mortgage Rates