The 2021 housing market was a bit tough for some home shoppers. Low rates and increased flexibility from working remotely put many first-time homebuyers on the map. But limited inventory, skyrocketing prices, and bidding wars made housing harder to come by. While home values aren’t likely to stop rising or start falling any time soon, …
Home prices have surged over the last year and a half, but as rates go up and more listings hit the market, that rise is expected to slow down over the course of the next year. In September, home prices grew by a record 18% year-over-year, with the median price of an existing home shooting up nearly $40,000 in a …
Something we often hear from clients is they waited longer to get pre-approved than they needed to when starting to shop for their first home. Common misconceptions about the pre-approval process are that it costs money, hurts your credit, and/or commits you in some way to getting a loan with that lender. In most cases, …
Are you considering becoming a part of the Great Resignation? If so, you may have some important considerations that affect your ability to borrow money with a home loan. For example, “If I quit my job and move to a remote location what kind of house can I buy?”. Even if you are not leaving …
How a New Job Could Affect You Qualifying for a Mortgage Read More »
Housing inventory plunged during the pandemic, but there’s been a recent uptick. Rising inventory, of course, gives home shoppers a little more breathing room. And boy, do they desperately need it: For much of the pandemic, homebuyers have been pitted against one another in the tightest housing market in recent memory. The lack of inventory, …
Housing Inventory Is Finally Starting To Tick Up Read More »