Category: Uncategorized
-
While other sectors struggle, single-family rental demand keeps growing, especially in the Midwest
As single-family home prices rise in the U.S., more consumers are opting to rent single-family homes, leading to a thriving rental market. Rentometer's third quarter 2024 report shows rental prices increased 3% year-over-year and 0.5% from the previous quarter. Rising home prices and mortgage rates are driving this trend, with many potential buyers delaying purchases.…
-
Maximize First-Time Homebuying With Bank Resources
Check your credit score early; aim for 740+ to secure the lowest mortgage rates.Utilize your bank’s online tools, including affordability calculators and educational resources.
-
What Is Buy Now, Pay Later?
BNPL options are becoming popular for spreading payments on large purchases, including home-related expenses.BNPL loans don't require hard credit checks, making them easy to qualify for.
-
Seller’s Market Cooling Down: Good News for Buyers
Home prices continued to rise post-pandemic due to low mortgage rates and limited housing inventory. Housing competition has slowed, increasing inventory and giving buyers more leverage in negotiations.
-
Should You Buy a Home in Late 2024 or Wait Until 2025?
Pros of buying in 2024: – Lower interest rates – Price certainty – Early equity building Challenges of buying in 2024 include: – Market volatility – Competition – Financial readiness required
-
Midyear Check-In: New Forecast Shakes up 2024 Predictions
Mortgage Rate Relief: Year-end forecast dips to 6.3%. Home Prices Rising: Home prices are predicted to grow by 4.6% in 2024, reversing earlier expectations of a decline.
-
How To Get the Best Mortgage Rate (2024 Guide)
A high credit score is essential for securing favorable mortgage rates, with scores in the 700s typically qualifying for the best offers. Increasing your down payment can also lower rates and eliminate private mortgage insurance. It's important to compare rates from various lenders, including local banks and online options, to find the best deal. Strategies…
-
Essential Tips for Building Strong Credit
Key factors influencing credit scores include payment history, credit age, and utilization. Use credit cards responsibly, pay on time, and keep balances low.
-
Essential Legal Tips for Home Buyers
Verify property titles to confirm ownership and any liens before purchasing Real Estate. Review the purchase agreement carefully, noting terms like price, financing, and contingencies.
-
Starter Homes Reach $1M in 237 Cities
Starter homes now cost $1Min 237 U.S. cities, up from 84 cities five years ago. The dramatic price increase is driven by a severe housing shortage worsened since the pandemic. u