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It’s a Sellers’ Market [INFOGRAPHIC]

ByDavid Dowd
February 26, 2021
Housing Market Updates, Infographic, Sellers

Some Highlights Over the past year, homeowners have gained an unprecedented opportunity to sell with great success while buyer demand is soaring.With homes selling twice as fast as they did last year at this time, getting multiple offers, and rising in price, homeowners are in the driver’s seat.Let’s connect today

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Are There Going to Be More Homes to Buy This Year?

ByDavid Dowd
February 25, 2021
Buyers & Sellers, First Time Home Buyers

If you’re looking for a home to purchase right now and having trouble finding one, you’re not alone. At a time like this when there are so few houses for sale, it’s normal to wonder if you’ll actually find one to buy. According to the National Association of

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How Much Leverage Do Today’s House Sellers Have?

ByDavid Dowd
February 24, 2021
Sellers

The housing market has been scorching hot over the last twelve months. Buyers and their high demand have far outnumbered sellers and a short supply of houses. According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), sales are up 23.7% from the same

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The Reason Mortgage Rates Are Projected to Increase and What It Means for You

ByDavid Dowd
February 23, 2021
Buyers, Buying Myths, First Time Home Buyers

We’re currently experiencing historically low mortgage rates. Over the last fifty years, the average on a Freddie Mac 30-year fixed-rate mortgage has been 7.76%. Today, that rate is 2.81%. Flocks of homebuyers have been taking advantage of these remarkably low rates over the last twelve months. However, there’s

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Where Have All the Houses Gone?

ByDavid Dowd
February 22, 2021
Buyers & Sellers, Housing Market Updates

In today’s housing market, it seems harder than ever to find a home to buy. Before the health crisis hit us a year ago, there was already a shortage of homes for sale. When many homeowners delayed their plans to sell at the same time

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Home Mortgage Rates by Decade [INFOGRAPHIC]

ByDavid Dowd
February 19, 2021
Buyers, First Time Home Buyers

Some Highlights Mortgage interest rates have dropped considerably over the past year, and compared to what we’ve seen in recent decades, it’s a great time to buy a home.Locking in a low rate today could save you thousands of dollars over the lifetime of your home

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Will Low Mortgage Rates Continue through 2021?

ByDavid Dowd
February 18, 2021
Buyers, First Time Home Buyers

With mortgage interest rates hitting record lows so many times recently, some are wondering if we’ll see low rates continue throughout 2021, or if they’ll start to rise. Recently, Freddie Mac released their quarterly forecast, noting: “The average 30-year fixed-rate mortgage hit a record low over a dozen times in 2020

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3 Ways Home Equity Can Have a Major Impact on Your Life

ByDavid Dowd
February 17, 2021
Buyers & Sellers, Foreclosures

There have been a lot of headlines reporting on how homeowner equity (the difference between the current market value of your home and the amount you owe on your mortgage) has dramatically increased over the past few years. CoreLogic indicated that equity increased for the average homeowner

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Millennials: Is It Time to Buy a Bigger Home?

ByDavid Dowd
February 16, 2021
Buyers & Sellers

In today’s housing market, all eyes are on millennials. Not only are millennials the largest generation, but they’re also currently between 25 and 40 years old. These are often considered prime homebuying years when many people begin to form their own households and invest in

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3 Ways You’ll Win When You Buy a Home This Year

ByDavid Dowd
February 15, 2021
Buyers, First Time Home Buyers, Interest Rates

There are so many great reasons to purchase a home, and over the past year, we’ve realized more of them than we ever thought possible. If you’re a first-time homebuyer, having a home of your own can give you a greater sense of security and

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