Should You Buy a Home with Inflation This High?
While the Federal Reserve is working hard to bring down inflation, the latest data shows the inflation rate is still going up. You no doubt are feeling the pinch on your wallet at the gas pump or the grocery store, but that news may also leave you wondering: should I still buy a home right now?
Greg McBride, Chief Financial Analyst at Bankrate, explains how inflation is affecting the housing market:
“Inflation will have a strong influence on where mortgage rates go in the months ahead. . . . Whenever inflation finally starts to ease, so will mortgage rates — but even then, home prices are still subject to demand and very tight supply....
Posted on 08/10/2022 at 06:29 AM
Posted on 08/04/2022 at 07:11 AM
Posted on 07/13/2022 at 04:32 AM
Posted on 07/12/2022 at 03:03 AM
Posted on 06/28/2022 at 07:51 PM
Featured Property
9553 Hanging Rock Road, Raleigh 27713
Beautiful and well maintained move-in ready end unit town home in a park like setting w/ the best of both worlds...
Master up or down! 2 of the total 3 BRs are on the 1st floor along w/ 2 full baths. Soaring Family Room w/ gas fireplace is open to the Kitchen & Dining Room.
2nd Floor Bonus/Loft ready for your big screen tv or home office. Fresh paint & carpet throughout.
Posted on 06/03/2022 at 04:23 PM
How Buying or Selling a Home Benefits the Economy and Your Community
If you’re thinking of buying or selling a home, chances are you’re focusing on the many extraordinary ways it’ll change your life. But do you know it has a large impact on your community too?
To measure that impact, the National Association of Realtors (NAR) releases a report each year to highlight just how much economic activity a home sale generates. The chart below shows how the sale of both a newly built home and an existing home impact the economy:
Posted on 06/02/2022 at 07:26 AM
If You’re a Homeowner, You Have Incredible Leverage When You Sell Today
Posted on 05/23/2022 at 05:50 AM
Posted on 05/11/2022 at 08:05 AM
Why Pre-Approval Is an Important Step for Today’s Homebuyers
Being intentional and competitive are musts when buying a home this season. That’s why pre-approval is so important today. Pre-approval from a lender is the only way to know your true price range and how much money you can borrow for your loan. Peter Warden, Editor of The Mortgage Reports, explains:
“The lender will check out your personal finances and issue you a letter confirming the amount you’re eligible to borrow. This not only gives you a firm budget for house hunting, but also lets sellers know you’re qualified to make an offer.”
Why does that matter so much today? There are many more buyers...
Posted on 04/21/2022 at 04:01 AM
