If you’re thinking about buying a home this year, be sure to consider the long-term financial advantages of homeownership, like home equity. 

Here are three reasons why homeowners feel thankful for their homes.

When deciding between buying a home or renting, think about these three important factors.

Some Highlights

• If you’re questioning whether or not to buy a home this year due to today’s cooling market, consider the long-term financial benefits of homeownership.
• As a homeowner, equity increases your wealth. On average, nationwide, home prices appreciated by 2% since 1991.

There are only about half the number of homes for sale compared to the last normal years in the market.

Are you wondering if it makes sense to buy a home right now?

If you’re weighing your options to decide whether it makes more sense to rent or buy a home today, here’s one key data point that could help you feel more confident in making your decision.

Thinking of buying or selling a house and wondering what the new year holds for the housing market?

If you’re considering buying or selling a home, you’ll want to know what’s happening in the housing market.

Some Highlights

• From home sales to prices, the 2023 housing market will be defined by mortgage rates. And where rates go depends on what happens with inflation.

Some Highlights

• The biggest challenge in the housing market is how few houses there are for sale compared to the number of people who want to buy.
• The number of homes for sale is up from last year but below pre-pandemic numbers, and that means we’re still in a sellers’ market.

Some Highlights

• The housing market is shifting away from the intensity of the past two years. Here’s what experts project for the remainder of 2022.
• Home prices are forecast to rise more moderately than last year. Mortgage rates will respond to inflation, and home sales will be more in line with pre-pandemic years.

• If you’re on the fence about selling your house, it’s worth considering all the reasons why moving could make sense for you.
• If you find your home no longer meets your needs, it may be time to sell.

If one of the goals on your list is selling your house and making a move this year, you’re likely juggling a mix of excitement about what’s ahead and feeling a little sentimental about your current home.

• The inspection is a major part of the home selling process.
• Many buyers used to waive inspections to be more competitive with their offer, but recently, inspections and repairs are becoming popular again.

Wondering if you should continue renting or if you should buy a home this year?

If you’re holding out hope that the housing market is going to crash and bring home prices back down, here’s a look at what the data shows.

Today’s housing inventory is still well below more normal years.

Some Highlights

• What does the rest of the year hold for the housing market? Here’s what experts have to say about what lies ahead.
• Home prices are projected to rise and so are mortgage rates. Experts are also forecasting another strong year for home sales as people move to meet their changing needs.

Some Highlights:

• For Sale By Owner (FSBO) is the process of selling real estate without the representation of a real estate broker or real estate agent.
• According to the National Association of Realtors’ Profile of Home Buyers & Sellers, 36% of homeowners who decided to FSBO last year did so to avoid paying a commission or fee. But, homes sold with an agent net 6% more than those sold as a FSBO according to Collateral Analytics!

Are you considering buying your first home?