Last year, the Federal Reserve took action to try to bring down inflation. In response to those efforts, mortgage rates jumped up rapidly from the record lows we saw in 2021, peaking at just over 7% last October. Hopeful buyers experienced a hit to their purchasing power as a result, and some decided to press pause on their plans.Read More »Think Twice Before Waiting for 3% Mortgage Rates
It doesn’t matter if you’re someone who closely follows the economy or not, chances are you’ve heard whispers of an upcoming recession. Economic conditions are determined by a broad range of factors, so rather than explaining them each in depth, let’s lean on the experts and what history tells us to see what could lie ahead. As Greg McBride, Chief Financial Analyst at Bankrate, says:Read More »What Past Recessions Tell Us About the Housing Market
During the pandemic, second homes became popular because of the rise in work-from-home flexibility. That’s because owning a second home, especially in the luxury market, allowed those homeowners to spend more time in their favorite places or with different home features. Keep in mind, a luxury home isn’t only defined by price. In a recent article, Investopedia shares additional factors that push a home into this category: location, such as a home on the water or in a desirable city, and features, the things that make the home itself feel luxurious.Read More »Is It Time To Sell Your Second Home?
Home equity has been a hot topic in real estate news lately. And if you’ve been following along, you may have heard there’s a growing… Read More »The Truth About Negative Home Equity Headlines
[:en][:] Get started searching the Greater Fredericksburg Area for your next home by filling in your search criteria on my search page. If you have… Read More »[:en]Your Market Knowledge Will Determine Your Success in 2023 [LIVE WEBINAR][:]
Some Highlights If you’re planning to buy a home in 2023, here are a few things to focus on. Work on your credit and save… Read More »Tips To Reach Your Homebuying Goals in 2023 [INFOGRAPHIC]
A new year brings with it the opportunity for new experiences. If that resonates with you because you’re considering making a move, you’re likely juggling… Read More »3 Best Practices for Selling Your House This Year