Tuesday, January 31, 2023 / by Raj Jaggi
As mortgage rates rose last year, activity in the housing market slowed down. And as a result, homes started seeing fewer offers and stayed on the market longer. That meant some homeowners decided to press pause on selling.
Now, however, rates are beginning to come down—and buyers are starting to reenter the market. In fact, the latest data from the Mortgage Bankers Association (MBA) shows mortgage applications increased last week by 7% compared to the week before.
So, if you’ve been planning to sell your house but you’re unsure if there will be anyone to buy it, this shift in the market could be your chance. Here’s what experts are saying about buyers returning to the market as we approach spring.
Mike Fratantoni, SVP and Chief Economist, MBA:
“Mortgage rates are now at their lowest level since September 2022, and about a percentage point below the peak mortgage rate last fall. As we enter the beginni ...
Wednesday, November 2, 2022 / by Raj Jaggi
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 key decision points could be whether or not you want to move this year. If the location or size of your current home no longer meets your needs, finding a house that better suits your lifestyle may be a top priority for you. But with today’s cooling housing market, is it really a good time to sell your house, or should you wait?
If you’re ready to make your decision, here are three reasons you may want to consider selling before the holidays.
1. Get One Step Ahead of Other Sellers
Typically, in the residential real estate market, homeowners are less likely to list their houses toward the end of the year. That’s because people get busy around the holidays and deprioritize selling their house until the start of the new year when their schedules and social calendars calm down.
Selling now, while other homeown ...
Friday, October 21, 2022 / by Raj Jaggi
If you’re planning to sell your house this year, you likely have questions about what the shift in the housing market means for your home sale.
You might be wondering: Should I wait to sell? Are buyers still out there? And can I afford to buy my next home?
Let’s connect so you can get answers to these questions and learn about the opportunities you still have in today’s housing market. ...
Friday, October 14, 2022 / by Raj Jaggi
If you’re trying to buy your first home in today’s housing market, you’ll want to know what you can do as mortgage rates rise and inventory stays low overall.
Connect with a lender to get pre-approved, prioritize your wish list, consider condos, and expand your search radius.
Your first home is out there. Let’s connect to explore your options and what other first-time buyers are doing to find their homes. ...