The days of experts recommending that homeowners wait until the spring to list their home have come and gone, and lifewise, prospective home buyers no longer have a reason to fear that they will not be able to find their perfect home if they decide not to wait until the housing market explodes with listings in the spring. The new …
Should You Consider Buying a Fixer Upper?
Home prices are still at an all time high and the inventory of available homes continues to struggle in many areas across the country. New builds are pricier than ever, and supply chain issues continue to prolong the time it takes to complete a new home once you find just the right location to build. These issues are leading many …
Million Dollar Mortgages
The amount of money you can borrow using a tradition loan backed by government lenders Freddie Mac and Fannie Mae has hit $1 million for the first time in the programs history. As reported in this article from The Daily Mail, Fannie Mae and Freddie Mac have always had a ceiling in place regarding the value of home loans they …
How Owning a Home Helps Protect You Against Inflation
If you have been shopping much lately, you likely do not need the news to tell you that inflation is rising, and in fact, is currently at a 40-year high. Prices for housing, energy and food have all been surging recently, at the fastest pace in decades. The latest Consumer Price Index (commonly abbreviated as CPI), which is the weighted …
Is Buying Still Better Than Renting?
For decades, experts have recommended purchasing a home rather than renting one for an extended period of time. Renting is for students and those who will only be living in a city temporarily they say, otherwise you are simply throwing money away every month on something that you will never own. Meanwhile owning your home is an investment with long …
Should You Purchase a Spec Home
What is a spec home you ask? Spec is actually short for “speculative,” and a spec home is a house a builder constructs as the first home in a neighborhood. It will align with the vision the builder has for all of the homes, and will often include all of the extras and luxury upgrades that are being offered in …
Understanding Capital Gains Tax
You’ve heard the term before, but are your sure you know what capital gains tax is and at what point in your financial life you will encounter it? If you are about to put your home on the market, depending on your specific situation, now may be the time to find out all about what it is, and how to …
New Construction Versus Existing Homes
The housing market is beginning to change, with the skyrocketing prices and nonexistent inventory showing signs of improvement as far as prospective buyers are concerned. However, many people looking for a home to purchase are still finding that the available supply is limited at best, especially if they are trying to stay in one particular area. If this is happening …
Is the Sellers Market Beginning to Change?
For several years now, the common refrain regarding the housing industry is that we are in a strong sellers’ market. Housing prices were already rising across the country before the pandemic, but the work stoppages and supply chain issues that began in the spring of 2020 continued to drive up home prices while also causing housing inventory to reach some …