As we enter the middle of 2021, many are wondering if we’ll see big changes in the housing market during the second half of this year.
One of the biggest questions in real estate today is, “When will sellers return to the housing market?”
So far this year, mortgage rates continue to hover around 3%, encouraging many hopeful homebuyers to enter the housing market.
Homebuyers are flooding the housing market right now to take advantage of record-low mortgage rates.
It’s clear that consumers are concerned about how quickly home values are rising.
Mortgage pre-approval means a lender has reviewed your finances and, based on factors like your income, debt, and credit history, determined how much you’re qualified to borrow.
The housing market keeps sailing along. The only headwind that could take it off course is the lack of inventory for sale.
At the beginning of the year, industry forecasts called for home price appreciation to slow to about half of the double-digit increase we saw last year.
This year, mortgage rates have started to slowly climb above recent record-breaking lows.
The financial benefits of buying a home as compared to renting one are always up for debate.
One of the biggest hurdles homebuyers face is saving for a down payment.
A recent Survey of Consumer Finances study released by the Federal Reserve reveals the net worth of homeowners is forty times greater than that of renters.
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