Your Takeaway: We hear about the affordability challenges buyers are facing today. Those headlines are focused on how much mortgage rates have climbed this year. And while it’s true rates have risen dramatically, it’s important to remember they aren’t the only factor in the affordability equation. There’s no denying mortgage rates are higher now than they were last year. And if you’re Continue Reading about "Easy in Concept... Hard to follow through, without a little coaching": Prioritizing Your Wants and Needs as a Homebuyer in Today’s Market
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Home Sweet Home: The Emotional Benefits of Home Ownership [INFOGRAPHIC]
Take Away: “Living in one place for a longer amount of time creates an obvious sense of community pride, which may lead to more investment in said community.” Some Highlights While there are many financial perks to owning a home, there are also powerful non-financial benefits to consider if you’re thinking about making a move. Homeownership allows you to express Continue Reading about Home Sweet Home: The Emotional Benefits of Home Ownership [INFOGRAPHIC]
You may have resources you haven't thought about: Home Equity: A Source of Strength for Homeowners Today
Takeaway: CoreLogic analysis shows U.S. homeowners with mortgages (roughly 63% of all properties*) have seen their equity increase by a total of over $3.6 trillion since the second quarter of 2021, a gain of 27.8% year over year. Experts agree there’s no chance of a large-scale foreclosure crisis like we saw back in 2008, and that’s good news for the housing market. As Mark Continue Reading about You may have resources you haven't thought about: Home Equity: A Source of Strength for Homeowners Today
Before you buy, be sure to read the VA Home Loan Buyer's Guide: VA Loans Can Help Veterans Achieve Their Dream of Home Ownership
Take Away: VA helps Servicemembers, Veterans, and eligible surviving spouses become homeowners. As part of our mission to serve you, we provide a home loan guarantee benefit and other housing-related programs to help you buy, build, repair, retain, or adapt a home for your own personal occupancy. For over 78 years, Veterans Affairs (VA) home loans have provided millions of veterans with Continue Reading about Before you buy, be sure to read the VA Home Loan Buyer's Guide: VA Loans Can Help Veterans Achieve Their Dream of Home Ownership
Talk to an expert Mortgage Broker or Real Estate Agent: What’s Ahead for Mortgage Rates and Home Prices?
Your Take Away: As mortgage rates rise, they impact your purchasing power by raising the cost of buying a home and limiting how much you can comfortably afford. Now that the end of 2022 is within sight, you may be wondering what’s going to happen in the housing market next year and what that may mean if you’re thinking about buying or selling a home. Here’s a look at the latest expert Continue Reading about Talk to an expert Mortgage Broker or Real Estate Agent: What’s Ahead for Mortgage Rates and Home Prices?
Stratagies to take advantage of "The Season" & End of Year: Sell Your House Before the Holidays
Take Away: While more buyers tend to shop in the spring and summer months, those shopping in the winter are likely to be motivated — often moving because of a job relocation, change in financial situation, or change in family needs. As you look ahead to the winter season, you’re likely making plans and thinking about what you want to achieve before the year ends. One of those Continue Reading about Stratagies to take advantage of "The Season" & End of Year: Sell Your House Before the Holidays
Put this historic insight into your financial tookit : What Happens to Housing when There’s a Recession?
Take Away: Current economic conditions should give builders pause, but they need to be nimble and remember that housing leads the business cycle, says Zonda's chief economist and NAHB's assistant vice president of forecasting. Since the 2008 housing bubble burst, the word recession strikes a stronger emotional chord than it ever did before. And while there’s some debate around Continue Reading about Put this historic insight into your financial tookit : What Happens to Housing when There’s a Recession?
Enjoying a sense of well-being: The Emotional and Non-financial Benefits of Homeownership
Take Away: Homeownership not only builds a sense of pride and accomplishment, but it's also an important step toward achieving long-term financial stability as well as a greater sense of well-being. Here are some of the benefits you can look forward to as a homeowner. With higher mortgage rates, you might be wondering if now's the best time to buy a home. While the financial Continue Reading about Enjoying a sense of well-being: The Emotional and Non-financial Benefits of Homeownership