Posts in category 'Buying A Home'
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25
Mid-Year Market Update for 2024: What Buyers and Sellers Need to Know
Last December, when the Federal Reserve projected a series of benchmark rate cuts in the coming year, some analysts speculated that mortgage rates—which had recently peaked near 8%—would fall closer to 6% by mid-2024.1,2,3 Unfortunately, persistent inflation has delayed the central bank's timeline and kept the average 30-year mortgage rate hovering around 7% so far this year.2
While elevated mortgage rates have continued to dampen the pace of home sales and affordability, there have been some positive developments for frustrated homebuyers. Nationwide, the inventory shortage is starting to ease, and an uptick in starter homes coming on the market has helped to slow the median home price growth rate, presenting some relief to cash-strapped buyers.4
There are also signs that sellers are adjusting to the higher rate environment, as a growing number l...
18
What You Should Know Before Buying Beachfront Property
Buying a beachfront property is a lifelong dream for people of all ages, and for good reason! There's nothing like the feeling of salt air in your hair, a cool breeze coming off the water on a hot day, or a pleasant summer evening spent on a patio with waterfront views. But beachfront properties typically come with a premium price tag, so picking the right property is crucial.
- A Vacation Home or Permanent Resid...
3
Buying the Right Home Warranty Plan
Choosing the right home warranty can be good for your budget.
Buying a house is a big financial decision, and the right home warranty can help you protect some of the most important contents of your new home. A home warranty helps cover repairs to key systems and provides peace of mind once you move into your new home. But how do you choose the right home warranty, and what benefits can you expect? Ahead, we'll...
31
First-Time Buyer? 10 Things No One Tells You
Buying a home is one of the greatest feelings, but it can also seem like one of the most stressful and confusing processes. As one of the largest financial purchases an individual will ever make, homebuyers must be as informed as possible. Unfortunately, many facts aren't readily known by most buyers entering a real estate transaction for the first time. If you're considering buying a home for the first time, here are ten essential things that you should know:
- You Don't Need an Agent, But You Should Use One
You can sell or buy real estate without hiring a real estate agent. However, in many cases, you may l...
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