2023 will go down as one of the worst years in recent memory for the housing market. It started with a continuation of negative trends from the end of 2022 and turned into the least affordable year for home buying…
Over the past decade, homeownership costs have skyrocketed, posing affordability challenges amidst soaring home prices and high mortgage rates. Did you know that beyond mortgage payments, US homeowners spend an average additional $17,459 yearly? However, these increased expenses give homeowners…
Things are finally turning around for the better as far as housing is concerned - and it looks like they might stay that way this time! Mortgage rates have continued to drop over the last couple of weeks, and we…
Real estate in China has been unwinding over the last few years following a pattern similar to the U.S. in 2008 and 2009. Lax lending standards, cheap credit, and a popular belief that real estate values never decline have created…
On average, Americans who are able to build significant wealth do so through creative use of real estate investments. In the long run, owning a home will always be better than renting for life. However, if you’re willing to “house…
If you are planning to buy or refinance a home next year, we have some great news for you! Due to the significant home appreciation that happened in 2023, the Federal Housing Finance Agency (FHFA) has raised the conforming loan…
Owning a home is a crucial part of finding financial freedom, but deciding when to make the move into homeownership is never an easy decision. That decision is especially hard today with home prices and mortgage rates at record highs.…
Seasonal home price cuts and a big improvement in mortgage rates over the last few weeks are contributing to a welcome improvement in homebuying conditions. The surge in mortgage rates, limited inventory, and expensive home prices this year have resulted…
Even if you have a low rate on your mortgage, do you know how much you’re paying in interest each month for your credit cards, vehicles, and other personal debts? Managing debts with high interest rates can feel like an…
Earlier this week, an article was posted to fortune.com with this headline: The housing market is headed back to a 1980s-style recession, Wells Fargo says—and it’s all because of ‘higher for longer’ mortgage rates On first read, this clearly sounds…
