If you're a bit confused about the current state of home prices, you're not alone. Despite data indicating otherwise, there are still claims that prices are dropping. This confusion stems from unreliable sources and misleading media coverage. To clarify things, let's focus on the essential information backed by trustworthy data. Normal Home Price Seasonality Explained In the real estate market,...
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...
If you're considering buying or selling a home, one of the main questions on your mind is probably: what's happening with home prices? The lack of clarity on this topic is not surprising, and part of the problem lies in how headlines discuss prices. The negative news is often based on comparing current statistics to those of the last few years, which were considered exceptional ('unicorn' years) due to...
When it comes to purchasing a home, particularly with the present affordability obstacles, it is crucial to adopt a strategic approach. The rates at which mortgages are offered have a direct influence on the expenses associated with borrowing money for your home loan. Consequently, in order to mitigate the elevated borrowing expenses prevalent today, several prospective homebuyers are carefully...
