Though things are looking up for the housing inventory, which is projected to increase after hitting record lows in the first half of 2021, it is likely going to remain a seller's market for a while. In light of this knowledge, what can you do to give yourself the best chance at securing the home of your dreams this summer? Read on to see our top tips for becoming a competitive buyer. 

1. Take the Time to Get Pre-Approved 

Entering an offer situation that could end up in a bidding war without pre-approval often means the difference between nabbing your dream home or losing out. Getting fully qualified beforehand makes a seller more confident in your offer and increases your odds of acceptance. 

2. Consider a Fixer-Upper 

Many home buyers are…

1168 Views, 0 Comments

Read Full Post

By now it's a matter of record that historically low-interest rates, a lack of inventory, and record home sale prices dominated the market in the first half of 2021, but what trends do experts predict will arise in the latter half of the year? Read to find out. 

1. Rising Mortgage Rates 

Many economists project that rates will rise from their historic lows - but not by much. Freddie Mac estimates that for a 30-year fixed mortgage, interest rates will average 3.4% in the fourth quarter of 2021. 


2. Continued Home Appreciation 

J.P. Morgan's senior markets economist Joe Seydl and others believe home prices will continue to rise through the end of the year, but price growth will likely slow. For this reason, Seydl urges buyers to purchase a…

893 Views, 0 Comments

Read Full Post

Head outside after dark on Wednesday, July 28 to see the Delta Aquariid Meteor Shower! Though the meteor shower starts around July 12 and lasts until the end of August, you're likely to get the best view on July 28 - the day the shower peaks! 

MAKE A WISH!

Here is everything you need to know about the meteor shower - earthsky.org 

821 Views, 0 Comments

Read Full Post

In one of the most competitive real estate markets in recent history with the inventory at an all-time low, it's crucial as a buyer to be as competitive as you possibly can from the outset. The most surefire way to increase your chances of success? Get pre-approved for a home loan. Mortgage preapproval means a lender has reviewed your finances, determined how much you're qualified to borrow, and conditionally committed to actually granting you a mortgage - and here's why it's so important. 

First, pre-approval is the only true way to know your price range. If you are looking at houses outside of this range, you will lose out to bidders who can afford a higher offer. 

Next, with extremely limited housing inventory, buyer competition is at a…

830 Views, 0 Comments

Read Full Post