By Realtor.com Creative Studio
As any homebuyer quickly learns, priorities matter when navigating the market. You may decide that you simply won’t go without 4 bedrooms, or that an attached garage is an absolute must. Perhaps you’re willing to give up that renovated kitchen to snag a place in the neighborhood of your dreams. The bottom line: every home search is as unique as the individuals taking part in it.
The importance of personalization extends beyond the homebuying journey itself: When it comes to finding the right insurance coverage for your new home, it’s wise to take the rest of your lifestyle into account too. Will it be hard to resist...
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From our friends at the kcm blog
As someone who’s thinking about buying or selling a home, you’re probably paying close attention to mortgage rates – and wondering what’s ahead.
One thing that can affect mortgage rates is the Federal Funds Rate, which influences how much it costs banks to borrow money from each other. While the Federal Reserve (the Fed) doesn’t directly control mortgage rates, they do control the Federal Funds Rate.
The relationship between the two is why people have been watching closely to see when the Fed might lower the Federal Funds Rate. Whenever they do, that’ll put downward pressure on mortgage rates. The Fed meets next week, and three of the most important...
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From our friends at the kcm blog
Even though data shows inflation is cooling, a lot of people are still feeling the pinch on their wallets. And those high costs on everything from gas to groceries are fueling unnecessary concerns that more people are going to have trouble making their mortgage payments. But, does that mean there’s a big wave of foreclosures coming?
Here’s a look at why the data and the experts say that’s not going to happen.
There Aren’t Many Homeowners Who Are Seriously Behind on Their Mortgages
One of the main reasons there were so many foreclosures during the last housing crash was because relaxed lending standards made it easy for people...
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From our friends at the kcm blog
There’s an interesting trend happening in the housing market. People are increasingly moving to more affordable areas, and remote or hybrid work is helping them do it.
Consider Moving to a More Affordable Area
Today’s high mortgage rates combined with continually rising home prices mean it’s tough for a lot of people to afford a home right now. That’s why many interested buyers are moving to places where homes are less expensive, and the cost of living is lower. As Orphe Divounguy, Senior Economist at Zillow, explains:
“Housing affordability has always mattered . . . and you’re seeing it across the country. Housing affordability is reshaping migration trends.”
If you’re hoping to buy a home soon, it...
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By Kristine Gill | Better Homes & Gardens
Looking for a way to improve your home’s value and marketability? A home generator can be a coveted feature in any home, providing homeowners peace of mind in the event of a natural disaster or power outage. "The primary ways in which a home generator can enhance a property’s value when it comes to resale value are protection, prevention, and practicality," says Paige Hotchkiss, a realtor with Better Homes and Gardens Real Estate Wine Country Group. Learn how generators offer a solution that future buyers will find favorable, and how they can increase your home's value.
The Benefits of a Home Generator
Home generators can be a huge...
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