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. Today, the rate […]
At first glance, the increase in housing supply compared to last year may not sound like good news for prospective sellers, but it actually gives you two key opportunities in today’s housing market. An article from Calculated Risk helps put the inventory gains the market has seen in 2022 into perspective by comparing it to recent years (see graph below). It […]
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HOMEWARD BOUND NEWSLETTER APRIL 2022: THE GIVING IT BACK AND PAYING IT FORWARD REAL ESTATE NEWSLETTER | APRIL 2022 Welcome to the month of April. By the time you are reading this, you will be deep into it. That means I can’t play any April Fool jokes on you. Never been a fan of those […]
Why pre-approval is key this year Why pre-approval is key this year? Houses are selling quickly and record-low inventory is driving multiple-offer scenarios. Pre-approval gives you a competitive edge when you make an offer. It shows sellers you’re serious about buying and ready to make a move. It also helps you know how much you […]
