Archives for March 2024

n 2023, the U.S. housing market experienced a dramatic slowdown, with soaring mortgage rates driving home sales to their lowest point in almost three decades. The year was also marked by extremely limited housing inventory and rising inflation, making affordability an Continue Reading

The relationship between inflation, Federal Reserve monetary policy, and mortgage rates is complex and influenced by various factors. Here's a breakdown of how these elements can interplay: 1. **Inflation and Mortgage Rates**: Inflation refers to the rate at which the Continue Reading

Certainly, mortgage rates, affordable home prices, and inventory are key factors that can influence buyers' decisions to pause their homebuying plans. Here's a breakdown of how each of these factors can impact buyers: 1. **Mortgage Rates**: High mortgage rates can make Continue Reading

Yes, home equity can indeed be a significant source of wealth for retirees. Retirees who have paid off their mortgages or have substantial equity in their homes may choose to tap into this wealth in various ways to support their retirement lifestyle or cover unexpected Continue Reading

Getting pre-approved for a mortgage is an important first step in the home buying process. Here's a guide to help you understand the process and its benefits:  What is Mortgage Pre-Approval? Mortgage pre-approval is an evaluation by a lender that determines if you Continue Reading

If your house didn't sell, there are several factors to consider and steps you can take to improve your chances of a successful sale. Here are some things to consider: 1. **Price**: The most common reason a house doesn't sell is that it's priced too high. Consider Continue Reading