November 2018

Nov. 26, 2018

Buyers: Don’t Be Surprised By Closing Costs!

Many homebuyers think that saving for their down payment is enough to buy the house of their dreams, but what about the closing costs that are required to obtain a mortgage?

By law, a homebuyer will receive a loan estimate from their lender 3 days after submitting their loan application ...

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Posted in November 2018
Nov. 19, 2018

Wage Increases Make Home Buying More Affordable

Wage Increases Make Home Buying More Affordable

Everyone knows that housing affordability has been negatively impacted by rising prices and increasing mortgage rates, but there is another piece to the affordability equation – wages.

How much a family earns obviously impacts how easy or difficult it is for them to afford to own a home. Because ...

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Posted in November 2018
Nov. 13, 2018

Are Homeowners Renovating To Sell Or To Stay?

Over the past few years, two trends have emerged in the housing market:

  1. Home renovations have shot up
  2. Inventory of homes available for sale on the market has dropped

A ‘normal’ housing market is defined by having a 6-month supply of homes for sale. According to the latest Existing Home ...

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Posted in November 2018