While a projected half percentage point increase may not seem substantial, it does have an impact when you’re buying a home. When rates rise even slightly, it affects how much you’ll pay month-to-month on your home loan. The chart below shows how it works: In this example, if rates rise to 3.55%, you’ll pay an extra $100 […]
Sellers Have Incredible Leverage in Today’s Market
Does Your House Have What Buyers Want?
What Does This Mean for You? If your house has extra space that you no longer need, buyers are interested, and now may be the perfect time to sell. Your trusted real estate advisor can help you highlight many of the most sought-after features in your listing, including home offices. On the other hand, if you […]
The Big Question: Should You Renovate or Move?
Odeta Kushi, Deputy Chief Economist at First American, quantifies the amount of equity homeowners gained recently: “Remember U.S. households own nearly $35 trillion in owner-occupied real estate, just over $11 trillion in debt, and the remaining ~$24 trillion in equity. In inflation adjusted terms, homeowners in Q2 had an average of $280,000 in equity- a historic high.” As […]