When the pandemic hit in 2020, many experts thought the housing market would crash. They feared job loss and economic uncertainty would lead to a wave of foreclosures similar to when the housing bubble burst over a decade ago. Thankfully, the forbearance program changed that. It provided much-needed relief for homeowners so a foreclosure crisis […]
While it’s true that housing prices have been rising steadily for the past few years, it’s not a bad thing as the media would have you think. Yes, it’s harder for first-time buyers to enter the market, but existing homeowners are seeing their equity grow. And, contrary to what some reports would have you believe, […]
If you’re planning to buy a home, it’s critical to understand the relationship between mortgage rates and your purchasing power. Purchasing power is the amount of home you can afford to buy that’s within your financial reach. Mortgage rates directly impact the monthly payment you’ll have on the home you purchase. So, when rates rise, so […]
There’s never been a truer statement regarding forecasting mortgage rates than the one offered last year by Mark Fleming, Chief Economist at First American: “You know, the fallacy of economic forecasting is: Don’t ever try and forecast interest rates and or, more specifically, if you’re a real estate economist mortgage rates, because you will always […]
Are you feeling inspired to do some outdoor renovations, but don’t know where to start? Or maybe you’ve started, but hit a wall and don’t know how to proceed. This blog post is for you! We’ll provide some tips and ideas to get your creative juices flowing. So what are you waiting for? Get started […]