by Troy Jones | Nov 4, 2024 | Affordability, Buying Tips, For Buyers
Looking to buy a home but feeling like almost everything is out of reach? Here’s the thing. There’s still a way to become a homeowner, even when affordability seems like a huge roadblock – and it might be with a fixer upper. Let’s dive into why buying a fixer upper...
by Troy Jones | Oct 21, 2024 | Affordability, For Buyers, For Sellers, Home Prices, Mortgage Rates
Curious about where the housing market is headed in 2025? The good news is that experts are offering some promising forecasts, especially when it comes to two key factors that directly affect your decisions: mortgage rates and home prices.Whether you’re thinking...
by Troy Jones | Oct 16, 2024 | Affordability, Equity, For Buyers, Home Prices, Mortgage Rates
Did you know? Homeowners are often able to put more money down when they buy their next home. That’s because, once they sell, they can use the equity they have in their current house toward their next down payment. And it’s why as home equity reaches a new height, the...
by Troy Jones | Oct 4, 2024 | Affordability, Home Prices, Infographics, Mortgage Rates
Some HighlightsAffordability is based on three key factors: mortgage rates, home prices, and wages.And today, it’s improving quickly as rates come down, prices level off, and wages climb. If you put your search on pause because it was too expensive to buy, connect...
by Troy Jones | Sep 30, 2024 | Affordability, For Buyers, Home Prices, Inventory, Mortgage Rates
That’s right—according to a recent study from Zillow, in 22 of the 50 largest metro areas, monthly mortgage payments are now lower than rent payments (see chart below):As mortgage rates have eased off their recent peak, home prices have moderated, and inventory has...
by Troy Jones | Sep 18, 2024 | Affordability, For Buyers, New Construction
Even though affordability is improving, buying a home can still feel tough right now. But here’s some good news: builders are focusing their efforts on building smaller homes, and they’re offering key incentives to buyers. And both of these things can be a big help if...
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