Homeownership Builds Your Wealth over Time [INFOGRAPHIC]

by Julia Lowell | Jan 27, 2023 | Buyers, First Time Home Buyers, Infographic

Some Highlights If you’re thinking of buying a home this year, be sure to factor in the long-term benefits of homeownership. On average, nationwide home prices appreciated by 288.7% over the last 32 years. That means homeowners grow their net worth significantly in...

Why It Makes Sense To Move Before Spring

by Julia Lowell | Jan 26, 2023 | Buyers, First Time Home Buyers, Housing Market Updates

Spring is usually the busiest season in the housing market. Many buyers wait until then to make their move, believing it’s the best time to find a home. However, that isn’t always the case when you factor in the competition you could face with other buyers at that...

The 3 Factors That Affect Home Affordability

by Julia Lowell | Jan 24, 2023 | Buyers, First Time Home Buyers, Housing Market Updates

If you’ve been following the housing market over the last couple of years, you’ve likely heard about growing affordability challenges. But according to experts, the key factors that determine housing affordability are projected to improve this year. Selma Hepp,...

Pre-Approval in 2023: What You Need To Know

by Julia Lowell | Jan 19, 2023 | Buyers, First Time Home Buyers, Move-Up Buyers

One of the first steps in your homebuying journey is getting pre-approved. To understand why it’s such an important step, you need to understand what pre-approval is and what it does for you. Business Insider explains: “In a preapproval [sic], the lender tells...

Think Twice Before Waiting for 3% Mortgage Rates

by Julia Lowell | Jan 17, 2023 | Buyers, Buying Myths, First Time Home Buyers

Last year, the Federal Reserve took action to try to bring down inflation. In response to those efforts, mortgage rates jumped up rapidly from the record lows we saw in 2021, peaking at just over 7% last October. Hopeful buyers experienced a hit to their purchasing...

Key Terms To Know When Buying a Home [INFOGRAPHIC]

by Julia Lowell | Jan 13, 2023 | Buyers, Buying Myths, First Time Home Buyers, Infographic

Some Highlights Buying a home is a major transaction that can seem even more complex when you don’t understand the terms used throughout the process. If you’re looking to become a homeowner this year, it’s important to know these housing terms and how they relate to...