Money & You

Money & You How Buying or Selling a Home Benefits the Economy and Your Community How Buying or Selling a Home Benefits the Economy and Your Community If you’re thinking of buying or selling a home, chances are you’re focusing on the many extraordinary ways it’ll change your life. But do you know it has a large impact on your community too? To measure that impact, the National Association of Realtors (NAR) releases a report each year to […]
Money & You Why Rising Mortgage Rates Push Buyers off the Fence Why Rising Mortgage Rates Push Buyers off the Fence If you’re thinking about buying a home, you’ve probably heard mortgage rates are rising and have wondered what that means for you. Since mortgage rates have increased over two percentage points this year, it’s natural to think about how this will impact your homeownership plans. Today, buyers are reacting in one […]
Money & You If You’e a Home Owner, You Have Incredible Leverage When You Sell Today If You’re a Homeowner, You Have Incredible Leverage When You Sell Today In today’s housing market, homeowners have a great opportunity to sell their house and receive the best terms for their personal situation. That’s because there’s a limited number of homes for sale, which is creating competition among buyers. Right now, homebuyers want three things: To be […]
Money & You Today’s Home Price Appreciation Is Great News for Existing Home Owners Today’s Home Price Appreciation Is Great News for Existing Homeowners If you’re planning to sell your home this season, rising prices are great news for you. But it’s important to understand why prices are rising to begin with. One major factor is supply and demand. In any industry, when there are more buyers for an item than there are of that item available, […]
Money & You How Home Ownership Can Help Shield You from Inflation How Homeownership Can Help Shield You from Inflation If you’re following along with the news today, you’ve likely heard about rising inflation. You’re also likely feeling the impact in your day-to-day life as prices go up for gas, groceries, and more. These rising consumer costs can put a pinch on your wallet and make you […]
Money & You Is It Time To Buy a Smaller Home? Is It Time To Buy a Smaller Home? Life events can have a major impact on what you need from your home, and retirement is one of the biggest changes many of us face. This period of your life can mean doing more of the things you enjoy, like traveling, visiting with loved ones, or […]
Money & You On the Fence of Whether or Not To Move This Spring? Consider This. On the Fence of Whether or Not To Move This Spring? Consider This. If you’re thinking of selling your house, it may be because you’ve heard prices are rising, listings are going fast, and sellers are getting multiple offers on their homes. But why are conditions so good for sellers today? And what can you expect when you move? To help answer […]
Buyer Advice and Aid Where Are Mortgage Rates Headed? Where Are Mortgage Rates Headed? There’s never been a truer statement regarding forecasting mortgage rates than the one offered last year by Mark Fleming, Chief Economist at First American: “You know, the fallacy of economic forecasting is: Don’t ever try and forecast interest rates and or, more specifically, if you’re a real estate economist mortgage rates, because you […]
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Money & You Do You Know How Much Equity You Have in Your Home? Do You Know How Much Equity You Have in Your Home? [INFOGRAPHIC] Some Highlights If you’re a homeowner, your net worth has gotten a big boost. That’s because recent home price appreciation has increased your equity. Your equity grows as you pay down your loan and as your home increases in value. Over the past year, the average homeowner’s equity grew by $55,300. Ready […]
Money & You The Future of Home Price Appreciation and What It Means for You The Future of Home Price Appreciation and What It Means for You Many consumers are wondering what will happen with home values over the next few years. Some are concerned that the recent run-up in home prices will lead to a situation similar to the housing crash 15 years ago. However, experts say the market is totally different […]
Money & You A Key To Building Wealth Is Home Ownership A Key To Building Wealth Is Homeownership The link between financial security and homeownership is especially important today as inflation rises.  But many people may not realize just how much owning a home contributes to your overall net worth. As Leslie Rouda Smith, President of the National Association of Realtors (NAR), says: “Homeownership is rewarding in so many ways and can […]
Money & You How an Energy Efficient Home can be a Bright Idea How an Energy Efficient Home Can Be a Bright Idea [INFOGRAPHIC] Some Highlights With inflation driving up the cost of everyday items, seeking out an energy-efficient home can be a great way to decrease the expenses you can control. Energy efficiency can help lower your utility bills and possibly even save you money on your taxes. Options to look for include efficient appliances, […]
Money & You What You Need To Know if You’re Thinking About Building a Home What You Need To Know if You’re Thinking About Building a Home If you’re ready to move up, you may be trying to decide whether you want to buy a home that’s already on the market or build a new one. And since the supply of homes available for sale today is low, you’re willing to consider either […]
Money & You The Average Home Owner Gained More Than $55K in Equity over the Past Year The Average Homeowner Gained More Than $55K in Equity over the Past Year If you’re a current homeowner, you should know your net worth just got a big boost. It comes in the form of rising home equity. Equity is the current value of your home minus what you owe on the loan. Today, you’re building that […]
Money & You Key Factors That Impact Affordability Today Key Factors That Impact Affordability Today You can’t read an article about residential real estate without the author mentioning the affordability challenges that today’s buyers face. There’s no doubt homes are less affordable today than they were over the last two years, but that doesn’t mean homes are now unaffordable. There are three measures used […]
Money & You The Difference Between Renting & Owning The Difference Between Renting and Owning [INFOGRAPHIC] Some Highlights If you’re deciding whether to rent or buy, consider the many financial benefits that come with owning a home. As a renter, you build your landlord’s wealth and face rising costs. As a homeowner, you build your own net worth and can lock in your monthly payments for the length of your loan. If you’re weighing […]
Money & You How Supply and Demand Can Impact Your Buying and Selling Goals How Supply and Demand Can Impact Your Buying and Selling Goals In today’s housing market, there are far more buyers looking for homes than sellers listing their houses. Based on the concept of supply and demand, this means home prices will naturally rise. Why is that? When there are more people trying to buy an item […]
Money & You The Perks of Owning More Than One Home The Perks of Owning More Than One Home Many things have changed over the past couple of years, and real estate is no exception. One impact is an increased desire to own more than one home. According to the recent Luxury Market Report from Luxury Home Marketing: “As trends such as remote working and flexi-hours took hold in […]
Money & You Real Estate Voted the Best Investment Eight Years in a Row Real Estate Voted the Best Investment Eight Years in a Row In an annual Gallup poll, Americans chose real estate as the best long-term investment. And it’s not the first time it’s topped the list, either. Real estate has been on a winning streak for the past eight years, consistently gaining traction as the best long-term investment (see graph […]
Money & You The Top Indicator if You Want To Know Where Mortgage Rates Are Heading The Top Indicator if You Want To Know Where Mortgage Rates Are Heading Mortgage rates have increased significantly since the beginning of the year. Each Thursday, Freddie Mac releases its Primary Mortgage Market Survey. According to the latest survey, the average 30-year fixed-rate mortgage has risen from 3.22% at the start of the year to 3.55% as of […]