Are More Homes Coming onto the Market?

by Padma Sonti | Sep 18, 2023 | Housing Market Updates, Sellers, Selling Myths

An important factor shaping today’s market is the number of homes for sale. And, if you’re considering whether or not to list your house, that’s one of the biggest advantages you have right now. When housing inventory is this low, your house will stand out, especially...

Let’s Talk Mortgages

by Padma Sonti | Sep 14, 2023 | Housing Market Updates, Interest Rates, Mortgage Rates

Hey folks, let’s talk mortgages and what’s been happening lately.   First off, the big news is that the average contract interest rate for 30-year fixed-rate mortgages, especially those conforming to loan balances of $726,200 or less, took a little dip. It went...

Don’t Expect a Wave of Foreclosures [INFOGRAPHIC]

by Padma Sonti | Aug 18, 2023 | Foreclosures, Housing Market Updates, Infographic

Some Highlights With ongoing high inflation pushing up everyday costs, some people are worried that’ll create a flood of foreclosures. Here’s why that’s unlikely. Fewer people are seriously behind on mortgage payments right now. If foreclosures were...

Housing Market Forecast for the Rest of 2023 [INFOGRAPHIC]

by Padma Sonti | Aug 4, 2023 | Buyers & Sellers, Housing Market Updates, Infographic, Interest Rates, Pricing

Some Highlights Want to know what experts say will happen in the rest of 2023? Home prices are already appreciating again in many areas. The average of the expert forecasts shows positive price growth. Where mortgage rates go for the rest of the year will depend on...

10 MORTGAGE TERMS YOU SHOULD BE FAMILIAR WITH

by Padma Sonti | Jun 12, 2023 | Housing Market Updates, Lease Terms, Loan

Did you know that the average homeowner only encounters mortgage jargon once every 10 years? That’s according to the 2019 Profile of Home Buyers and Sellers from the National Association of Realtors. But don’t worry, you don’t need to become fluent in mortgage...

HOUSING MARKET FOR MAY 2023

by Padma Sonti | Jun 12, 2023 | Buyers, Housing Market Updates, Market Trends, Market Updates

Some insights to share with you. Let’s dive right in and explore what the future holds for the real estate scene.   Okay, so here’s the deal: the housing market is looking pretty promising at the moment. Confidence is high, and experts believe that things are...