Jan 17, 2023 | Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers
Last year, the
Federal Reserve took action to try to bring down inflation. In response to those efforts,
mortgage rates jumped up rapidly from the record lows we saw in 2021, peaking at just over 7%
last October. Hopeful
buyers experienced a hit to their purchasing power as a result, and some decided to press pause on their plans.
Jan 16, 2023 | For Buyers, For Sellers, Housing Market Updates
It doesn’t matter if you’re someone who closely follows the economy or not, chances are you’ve heard whispers of an upcoming recession. Economic conditions are determined by a broad range of factors, so rather than explaining them each in depth, let’s lean on the experts and what history tells us to see what could lie ahead. As Greg McBride, Chief Financial Analyst at
Bankrate,
says:
Jan 13, 2023 | Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Housing Market Updates, Infographics, Move-Up Buyers
Some Highlights
- Buying a home is a major transaction that can seem even more complex when you don’t understand the terms used throughout the process.
- If you’re looking to become a homeowner this year, it’s important to know these housing terms and how they relate to the current market so you feel confident throughout the homebuying process.
Jan 11, 2023 | For Buyers, For Sellers, Foreclosures, Housing Market Updates
There’s no doubt today’s
housing market is very different than the frenzied one from the past couple of years. In the second half of 2022, there was a dramatic shift in real estate, and it caused many people to make comparisons to the 2008 housing crisis. While there may be a few similarities, when looking at key variables now compared to the last housing cycle, there are significant differences.
Jan 6, 2023 | First Time Home Buyers, For Buyers, Housing Market Updates, Infographics, Move-Up Buyers
Some Highlights
- If you’re planning to buy a home in 2023, here are a few things to focus on.
- Work on your credit and save for a down payment. If saving feels like a challenge, there’s help available. Then, get pre-approved, create a list of desired features, and prioritize them.
- Let’s connect so you have expert advice on how to reach your homebuying goals this year.
![Key Terms To Know When Buying a Home [INFOGRAPHIC]](https://files.simplifyingthemarket.com/wp-content/uploads/2023/01/11164454/Key-Terms-To-Know-When-Buying-A-Home-KCM.png)
![Tips To Reach Your Homebuying Goals in 2023 [INFOGRAPHIC]](https://files.simplifyingthemarket.com/wp-content/uploads/2023/01/05123343/Tips-To-Reach-Your-Homebuying-Goals-in-2023-KCM-Share.png)
![Tips To Reach Your Homebuying Goals in 2023 [INFOGRAPHIC] Simplifying The Market](http://files.simplifyingthemarket.com/wp-content/uploads/2023/01/05123343/Tips-To-Reach-Your-Homebuying-Goals-in-2023-KCM-Share.png)