BOTTOM LINE The main factors influencing home prices are housing supply, demand, and mortgage rates. Until we see a drop in rates coupled with increased inventory the market will remain a strong seller’s market and prices will continue to appreciate.
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As another presidential election approaches, debates intensify about its effects on various aspects of our lives. A common belief about the real estate market is that elections create uncertainty, causing potential homebuyers to hesitate. However, a closer look at historical data and expert opinions reveals a different narrative. Historical Perspective: Elections and Home Prices Contrary […]
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Navigating the world of mortgages can be complex, especially with the various options available to fit your financial situation. One option that often confuses homebuyers is the mortgage rate buy down. Understanding this concept, particularly points, can help you make informed decisions and save money over the life of your loan. What is a Mortgage […]
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The Federal Reserve has announced that they are keeping the main interest rate the same but plan to cut it once by the end of the year. This decision came after a two-day meeting of the Federal Open Market Committee (FOMC). While some people wanted more cuts, this one cut is still a positive step […]
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