Homeowners typically slow down their moving plans as the summer months wrap up - and as a result - fewer homes are listed for sale in the fall. It’s a predictable - seasonal trend in real estate. But this year - mortgage rates came down at the same time the number of homes on the market usually starts to decline. So - what happened? More homeowners decided to sell - so more homes came to the...
Did you know? Homeowners are often able to put more money down when they buy their next home. That’s because - once they sell - they can use the equity they have in their current house toward their next down payment. And it’s why as home equity reaches a new height - the median down payment has too. According to the latest data from Redfin - the typical down payment for U.S. homebuyers is $67...
For some buyers - there’s a misconception that newly built homes aren’t made to last or fall short of the quality you can find in older homes. Unfortunately - this is turning some buyers away from what may be one of their best options in today’s housing market. As Builder Online says: “As resale inventory remains limited and the price spread between new and resale homes narrows - new homes are...
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