Category: Infographics

While home prices vary by local area, they’ve already hit their low point nationally, and now they’re starting to rise again.

• Not sure if selling your house is the right move today? You should know there are a number of reasons it still makes sense to sell now.
• Your house will stand out because inventory is low. That’s why the number of offers on recently sold homes is on the rise. And most homeowners have a lot of equity that can fuel a move.

• With so few homes on the market right now, widening the scope of your search to include nearby areas could help you find more options in your budget.
• You can also work with a trusted lender to consider alternative financing options and search for down payment assistance.

• Since inflation is increasing the cost of goods and services, it may make sense to look for an energy-efficient home.
• Energy prices have increased over the last year, so look for energy-efficient features in your home search.

• The inspection is a major part of the home selling process.
• Many buyers used to waive inspections to be more competitive with their offer, but recently, inspections and repairs are becoming popular again.

• Buying a home is a major way to build wealth and gain financial stability.
• That’s why, across different income levels, the largest part of most homeowners’ net worth is their equity.

• If you’re thinking about buying a home, be sure to plan for closing costs.
• Closing costs are typically 2% to 5% of the total purchase price of a home, and they can include things like government recording costs, appraisal fees, and more.

• If you’re on the fence about selling your house, it’s worth considering all the reasons why moving could make sense for you.
• If you find your home no longer meets your needs, it may be time to sell.

Some Highlights

• Today’s housing market is different than it was in 2008.
• Lending standards have tightened, foreclosures have declined, home inventory is much lower, and homeowners have far more equity.

Some Highlights

• If you’re trying to decide whether to rent or buy a home, there are a few things you should consider.
• Homeownership can help you escape the cycle of rising rents, builds your wealth, and serves as a hedge against inflation.