Russia’s invasion of Ukraine has many people questioning how far-reaching the impact of these events may be. This includes potential homebuyers in the US, as they are wondering how it will affect the economy, and more specifically, the real estate market. Rising Gas Prices As [...]
One of the first questions new home buyers have is, will they be able to find a home they can afford? It’s easy to see that home prices are substantially higher than they had been in previous years, which may be concerning for those looking [...]
One of the first things that people tend to consider when refinancing or purchasing a home is what the current rates are. After all, mortgage rates may affect whether you can comfortably pay your mortgage or if you’re strapped for cash. Since the start of [...]
Gen Z: The Next Generation of Michigan Homebuyers While Millennials will still make up the largest group of home buyers for the foreseeable future, a new group of young adults is moving in on the horizon: Generation Z. This year the oldest of Generation Z [...]
Will Home Prices Fall in Response to Higher Mortgage Rates? After the unprecedented growth in the housing market of recent months, every potential homebuyer will be desperately trying to predict the market’s next move. Plus with interest rates now rising pretty sharply, the situation becomes [...]
It’s no secret that the housing market is extra challenging at the moment. The working-from-home movement, as well as changing priorities for families means that demand for luxury and larger family homes is surging. And what does any surge in demand result in? Higher prices [...]
This week Zillow announced it is shutting down its homebuying business, resulting in the lay-off of 25% of its employees. The company, who are best known for publishing online real estate listings, got into financial difficulty after pursuing a tactic of using algorithms to [...]
Following NAHB’s latest study on consumer preferences – What Home Buyers Really Want (2021 Edition), the top desires of house hunters has been revealed. And the results might surprise you. We’re used to being told that to sell a house we should be focusing on kitchens, [...]
For the second consecutive week the average mortgage rate for a typical 30 year fixed loan has risen above 3% which is a trend not seen since last summer. At its current pace, the Mortgage Bankers Association is predicting that by the end of 2021 [...]
Many aspects of life have changed dramatically in the last 12 months. It’s safe to say that almost nothing remains unaffected by the pandemic and the US housing market is certainly no exception. After a year of ups and downs and unprecedented events; just how [...]
