If you're planning to purchase a home in the current year, you're likely keeping a keen eye on mortgage interest rates. These rates play a significant role in determining the purchasing power of your home loan, and given the current affordability challenges, it's a valuable moment to examine the historical context of mortgage rates compared to their current levels. Additionally, it's crucial to grasp how...
Title: Understanding the BIE Buyer Inspection Election C.A.R. Form When buying a property in California, it's essential to conduct thorough inspections to ensure you're making an informed decision. The California Association of Realtors (C.A.R.) has developed various forms to streamline real estate transactions, one of which is the Buyer Inspection Election (BIE) form. In this blog, we'll delve into...
While you might have reservations about selling your home due to concerns about a potentially higher mortgage rate compared to your current one, there are additional factors to take into account. While the financial aspect is important, your individual requirements are equally significant. Thus, consider this question: What initially prompted my desire to relocate? It's probable that your main...
Contemplating the choice between renting and buying a home? Consider this crucial insight to bolster your decision-making confidence. The Survey of Consumer Finances (SCF) by the Federal Reserve Board, updated every three years, reveals a substantial gap in net worth between homeowners and renters. Spoiler alert: the average homeowner's net worth is nearly 40 times greater than that of a renter. Check out...
Although the booming "unicorn" years of the housing market have passed, the current real estate market remains competitive in numerous regions due to a limited supply of homes for sale. If you're planning to purchase a home during this season, it's essential to understand that you may still encounter some situations with multiple offers. Here are a few factors to keep in mind to improve your chances of...
As a homeowner, your home's value has likely risen significantly in recent years, boosting your equity as you pay off your mortgage. With the recent surge in home prices, your gains might be greater than you think. The latest CoreLogic report shows that the average homeowner now holds more than $274,000 in equity, offering a substantial resource to achieve your goals. Here are a few examples of how you...
Hi, we are Holly and Chris, two successful real estate agents who love to share our insights and experiences with other professionals in the industry. In this blog post, we want to tell you about how Keeping Current Matters (KCM) has been a huge benefit to our business and our personal growth. What is KCM? KCM is a real estate content platform that provides agents with the latest market data,...
If you're in the process of determining whether you're prepared to purchase a home, your mind is likely occupied with numerous considerations. These include your financial situation, the current mortgage rates and housing costs, the limited availability of homes for sale, and more. Moreover, you're carefully considering how all these aspects will influence the decision you ultimately make. Although...
Considering your first home purchase? Understanding what drives others to make this decision can be valuable. According to a recent survey conducted by PulteGroup among first-time homebuyers: "When asked about their first-time home purchase, the response was straightforward: they did it because they wanted to. For 72% of respondents, either the desire to escape renting or the realization that...
Purchasing a home is one of the most significant investments you will make in your lifetime, and protecting that investment is paramount. Placing your house in a trust is a wise and proactive step towards safeguarding your property, your assets, and the future of your loved ones. Here are some compelling reasons why putting your house in a trust is crucial: 1. Asset Protection:Placing your property in...
