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The housing market keeps sailing along. The only headwind that could take it off course is the lack of inventory for sale. The National Association of Realtors (NAR) reports that there were 410,000 fewer single-family homes for sale this March than in March of 2020. The key to continued success in the residential housing market […]
4 Big Incentives for Homeowners to Sell Now Read More »
Some Highlights If you’re thinking that waiting a year or two to purchase a home might mean you’ll save some money, think again. Mortgage interest rates are currently very low, but experts across the board are forecasting increases in both home prices and interest rates. Buying a home now means you’ll spend less in the
Should I Buy Now or Wait? [INFOGRAPHIC] Read More »
The question many homebuyers are facing this year is, “Why is it so hard to find a house?” We’re in the ultimate sellers’ market, which means real estate is ultra-competitive for buyers right now. The National Association of Realtors (NAR) notes homes are getting an average of 4.8 offers per sale, and that number keeps
Patience Is the Key to Buying a Home This Year Read More »
Homeowners ready to make a move are definitely in a great position to sell today. Housing inventory is incredibly low, driving up buyer competition. This gives homeowners leverage to sell for the best possible terms, and it’s fueling a steady rise in home prices. In such a hot market, houses are selling quickly. According to
4 Tips to Maximize the Sale of Your House Read More »
This year, mortgage rates have started to slowly climb above recent record-breaking lows. Many homeowners planning to move may feel like they’ve missed the chance to score a great rate on their next mortgage. In reality, there’s still time to secure a rate far below the historic norm. Here’s why. After creeping up for seven
Planning to Move? You Can Still Secure a Low Mortgage Rate on Your Next Home Read More »
A recent Survey of Consumer Finances study released by the Federal Reserve reveals the net worth of homeowners is forty times greater than that of renters. If you’re wondering if homeownership is a good investment, the study clearly answers that question, and the answer is yes. Do Americans believe a home is a better investment
93% of Americans Believe a Home Is a Better Investment Than Stocks Read More »
![Multigenerational Housing Is Gaining Momentum [INFOGRAPHIC]](https://hodgesrealestateservices.com/wp-content/uploads/2021/04/08105556/20210409-KCM-Share-549x300.png){kind=small}
Some Highlights If your house is feeling a little cramped with the addition of adult children or aging parents, it might be time to consider a move-up into a multigenerational home that better suits your changing needs. With benefits that include a combined homebuying budget and shared caregiving duties, an increasing number of households are
Multigenerational Housing Is Gaining Momentum [INFOGRAPHIC] Read More »
If you’re planning to buy a home this year, saving for a down payment is one of the most important steps in the process. One of the best ways to jumpstart your savings is by starting with the help of your tax refund. Using data from the Internal Revenue Service (IRS), it’s estimated that Americans
Your Tax Refund and Stimulus Savings May Help You Achieve Homeownership This Year Read More »
![Buyer Competition Is Good News for Sellers [INFOGRAPHIC]](https://hodgesrealestateservices.com/wp-content/uploads/2021/04/01112132/20210319-KCM-Share-549x300.png){kind=small}
Some Highlights With so many buyers looking for homes to purchase and so few houses available today, there’s a substantial increase in bidding wars, and homes are selling fast. According to the latest Realtors Confidence Index Survey from the National Association of Realtors (NAR), on average, houses are receiving over four offers from buyers and
Buyer Competition Is Good News for Sellers [INFOGRAPHIC] Read More »
Mortgage rates are on the rise this year, but they’re still incredibly low compared to the historic average. However, anytime there’s a change in the mortgage rate, it affects what you can afford to borrow when you’re buying a home. As Sam Khater, Chief Economist at Freddie Mac, shares: “Since January, mortgage rates have increased
How a Change in Mortgage Rate Impacts Your Homebuying Budget Read More »
