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Monthly Archives: July 2024

    How the Economy Impacts Mortgage Rates

    By Paula Clark | July 25, 2024

    As someone who’s thinking about buying or selling a home, you’re probably paying close attention to mortgage rates – and wondering what’s ahead. One thing that can affect mortgage rates is the Federal Funds Rate, which influences how much it costs banks to borrow money from each other. While the Federal Reserve (the Fed) doesn’t directly control mortgage rates, they do control... Read More

    A Newly Built Home May Actually Be More Budget-Friendly

    By Paula Clark | July 24, 2024

    If you’re in the market to buy a home, there’s some exciting news for you. Many people assume that newly built homes are more expensive than existing ones (houses that have already been lived in), but that’s not always the case. In fact, exploring newly built homes can sometimes lead to more cost-effective options, especially today.... Read More

    Why a Foreclosure Wave Isn’t on the Horizon

    By Paula Clark | July 23, 2024

    Even though data shows inflation is cooling, a lot of people are still feeling the pinch on their wallets. And those high costs on everything from gas to groceries are fueling unnecessary concerns that more people are going to have trouble making their mortgage payments. But, does that mean there’s a big wave of foreclosures coming? Here’s... Read More

    How Affordability and Remote Work Are Changing Where People Live

    By Paula Clark | July 22, 2024

    There’s an interesting trend happening in the housing market. People are increasingly moving to more affordable areas, and remote or hybrid work is helping them do it. Consider Moving to a More Affordable Area Today’s high mortgage rates combined with continually rising home prices mean it’s tough for a lot of people to afford a home right now. That’s why many interested... Read More

    The Biggest Mistakes Homebuyers Are Making Right Now

    By Paula Clark | July 22, 2024

    Some Highlights Want to know the biggest mistakes homebuyers are making today? They include everything from putting off pre-approval for too long, holding out for the perfect home, buying more than they can afford, and skipping out on hiring a pro. Let’s connect to make sure you have a pro on your side who can help you avoid these mistakes. Read More

    Unlocking Homebuyer Opportunities in 2024

    By Paula Clark | July 22, 2024

    There’s no arguing this past year has been difficult for homebuyers. And if you’re someone who has started the process of searching for a home, maybe you put your search on hold because the challenges in today’s market felt like too much to tackle. You’re not alone in that. A Bright MLS study found some of the top reasons buyers paused... Read More

    Why Fixing Up Your House Can Help It Sell Faster

    By Paula Clark | July 17, 2024

     If you’re thinking about selling your house, you should know there are buyers who are ready and able to pay today’s high prices. But they want a home that’s move-in ready. A recent press release from Redfin explains: “Buyers are still out there and they’re willing to pay today’s high prices, but only if the house is in... Read More

    How To Determine if You’re Ready To Buy a Home

    By Paula Clark | July 16, 2024

    If you’re trying to decide if you’re ready to buy a home, there’s probably a lot on your mind. You’re thinking about your finances, today’s mortgage rates and home prices, the limited supply of homes for sale, and more. And, you’re juggling how all of those things will impact the choice you’ll make. While housing market conditions are definitely a factor in your decision, your own personal... Read More

    Why Working with a Real Estate Professional Is Crucial Right Now

    By Paula Clark | July 15, 2024

    Navigating the housing market can be tricky, especially these days. That’s why having an experienced guide when buying or selling a home is so important. The market isn’t exactly straightforward right now, and working with a real estate expert can offer insights and advice that make all the difference. While today’s market conditions might seem confusing or overwhelming, you don’t have... Read More

    How Do Presidential Elections Impact the Housing Market?

    By Paula Clark | July 15, 2024

    Some Highlights Are you wondering if the upcoming election will have an impact on the housing market? Here’s what history tells us you need to know if you’re considering a move.​ Data shows home sales slow in November but quickly bounce back and rise the following year. Prices usually keep climbing. And mortgage rates typically come down slightly. Presidential elections have only... Read More