Thinking about buying a home? While today’s mortgage rates might seem a bit intimidating, here are two solid reasons why, if you’re ready and able, it could still be a smart move to get your own place. 1. Home Values Typically Go Up Over Time There’s been some confusion over the past year or so about which way home prices are headed. Make no mistake, nationally they’re still going up....
While the wild ride that was the unicorn years of housing is behind us, today's market is still competitive in many areas because the supply of homes for sale is still low. If you're looking to buy a home this season, know that the peak frenzy of bidding wars is in the rearview mirror, but you may still come up against some multiple-offer scenarios. Here are a few things to consider to help you put your...
In March 2021, a woman in the D.C. area put her house on the market and got 88 bids including 76 all-cash offers and 15 from people who hadn't bothered to visit the property in person. The offers just kept coming, she told CNN at the time. I'm thinking, This is just out of control. That frothy, oozing-over-the-top market has been over for a few months now, and new data suggest that we might be entering a...