By Evan Wyloge
If the housing market of just a year ago still seemed to be moving at quantum speed, today it’s more akin to an interminable traffic jam—with no exit ramps or HOV lanes in sight.
As higher mortgage rates have made buying a home ever more expensive, the pool of buyers who can afford to purchase real estate has dried up. Nationally, the number of existing-home sales plummeted 36% in November compared with a year earlier, according to a Realtor.com® analysis of CoreLogic data. (The data did not include sales of new-construction homes.) There were 395,000 sales in November 2021 compared with 251,000 one year later.
So home... Read More
There was a point, not too long ago, when buying a house was fairly straightforward: You’d schedule some tours, make an offer, and boom, you’re in the house before you know it.🏡
Today, though, the housing market is a very different animal—fast, ferocious, and ever-changing. In such an environment, it’s no longer a given that all homebuyers will easily find a house and seal the deal. And even more surprisingly, those lucky folks who do succeed aren’t just sitting on piles of cash. On the contrary, real estate agents and other experts we spoke to say that successful homebuyers today simply possess a particular mindset and behaviors that... Read More
Here are some great tips from a company called Moving Game Plans! ✅
Moving with children can be an overwhelming prospect, but it doesn't have to be! With a bit of planning and preparation, you can make the move smoother and easier for everyone involved. Here are six tips to help ease the transition for all family members when moving with kids: 👨👩👧👦
1. Communicate With Your Kids: Moving with kids can be a great experience, but it's also important to remember that it can be an unsettling time for them. Before and during the move, talk to your children about what will happen and why you... Read More
Thinking of taking the next BIG step with your partner?! 💑 We recommend clearing the air 🌬️ before starting your house-hunting journey 🏡
:::Things To Discuss:::
📐 Features: The number of bedrooms, bathrooms and layout can make a big difference in your day-to-day life. Does one of you want a larger suburban home to grow into and the other a low-maintenance bungalow in the city?
📍 Location & Lifestyle: What will commuting look like for each of you? Where are your interests and hobbies located, and do they differ?
💳 Credit Score: Does one of you have great credit and the other… well, not so much? Discuss how this could impact... Read More
What is a bridge loan?
This short-term financing option can help you bridge the gap between buying a new home and selling your old one. It enables you to tap into your existing home equity before you’ve sold.
However, there are some issues to consider before you apply for a bridge loan:
👉 The interest rates and fees are usually higher than typical home loans.
👉 The equity from your current home will be used to secure the loan.
👉 The credit requirements are often greater for bridge loans than for standard financing.
If you think you may need to “bridge the gap” between buying a new home and selling your current one,... Read More