The recent decline in mortgage rates is primarily due to growing uncertainty around geopolitical tensions surrounding Russia and Ukraine. But experts say it’s to be expected. Here’s a look at how industry leaders are explaining the impact global uncertainty has on mortgage rates: Odeta Kushi, Deputy Chief Economist at First American, says: “While mortgage rates trended upward […]
Real Estate Voted the Best Investment Eight Years in a Row
If you’re thinking about purchasing a home this year, this poll should reassure you. Even when inflation is rising like it is today, Americans agree an investment like real estate truly shines. Why Is Real Estate a Great Investment During Times of High Inflation? With inflation reaching its highest level in 40 years, it’s more important than […]
4 Simple Graphs Showing Why This Is Not a Housing Bubble
If costs were so prohibitive, how did so many homes sell during the housing boom? 2. Mortgage Standards Were Much More Relaxed During the Boom During the housing bubble, it was much easier to get a mortgage than it is today. As an example, let’s review the number of mortgages granted to purchasers with credit […]
What’s Driving Today’s High Buyer Demand? [INFOGRAPHIC]
Some Highlights There’s an influx of buyers looking for homes today, and that means your house is in high demand. Here are a few reasons why so many people are looking to buy a home. Buyers are motivated to beat rising mortgage rates, and many want to escape rising rents. There’s also additional demand from millennials who are reaching peak homebuying […]