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Monthly Archives: January 2023

    Lower Mortgage Rates Are Bringing Buyers Back to the Market

    By Bob Sophiea | January 31, 2023

    As mortgage rates rose last year, activity in the housing market slowed down. And as a result, homes started seeing fewer offers and stayed on the market longer. That meant some homeowners decided to press pause on selling. Read More

    Where Will You Go If You Sell? You Have Options.

    By Bob Sophiea | January 30, 2023

    There are plenty of good reasons you might be ready to move. No matter your motivations, before you list your current house, you need to consider where you’ll go next. Read More

    Homeownership Builds Your Wealth over Time [INFOGRAPHIC]

    By Bob Sophiea | January 27, 2023

    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 the long term. Read More

    Why It Makes Sense To Move Before Spring

    By Bob Sophiea | January 26, 2023

    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 time of year. If you’re ready to buy a home, here’s why it makes sense to move before the spring market picks up. Read More

    Why You Shouldn’t Fear Today’s Foreclosure Headlines

    By Bob Sophiea | January 25, 2023

    If you’ve seen recent headlines about foreclosures surging in the housing market, you’re certainly not alone. There’s no doubt, the stories in the media can be pretty confusing right now. They may even make you think twice about buying a home for fear that prices could crash. The reality is, the data shows a foreclosure crisis is not where the market is headed, and understanding what that really means is mission critical if you want to know the truth about what’s happening today. Here’s a deeper look. Read More

    The 3 Factors That Affect Home Affordability

    By Bob Sophiea | January 24, 2023

    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, Executive, Deputy Chief Economist at CoreLogic, shares: Read More

    The 3 Factors That Affect Home Affordability

    By Bob Sophiea | January 24, 2023

    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, Executive, Deputy Chief Economist at CoreLogic, shares: Read More

    Want To Sell Your House? Price It Right.

    By Bob Sophiea | January 23, 2023

    Last year, the housing market slowed down in response to higher mortgage rates, and that had an impact on home prices. If you’re thinking of selling your house soon, that means you’ll want to adjust your expectations accordingly. As realtor.com explains: Read More

    Is the Housing Market at Rock Bottom or Just Hitting a Speed Bump?

    By Bob Sophiea | January 23, 2023

    Are you feeling a little uneasy about the recent headlines about home prices falling? Don’t worry, you’re not alone. But before you start panicking about a repeat of the 2008 housing crash, let’s take a closer look at the data. Contrary to what some headlines may suggest, expert forecasters aren’t predicting a free fall in... Read More

    The Truth About Negative Home Equity Headlines | New Home Collective

    By Bob Sophiea | January 18, 2023

    As the real estate market continues to evolve, so does home equity. While it can be alarming to hear about negative trends in homeownership, these headlines don’t have to put a damper on your dream of owning property! With the deluge of news stories, it can be hard to make sense of what’s really going... Read More