The house hunt seems to be reaching its end. But after dozens of showings and maybe even a few offers that were outbid or not accepted, a homeowner has finally accepted your offer! But now what? Has the process ended, and is it time to plan the move? While an offer acceptance is a positive…

When purchasing a home, buyers are responsible for paying closing costs and prepaids. The difference between the two can often be confusing, especially since they are paid when closing on a home purchase. Here’s what you need to know so you’re prepared for closing day. Closing Costs vs. Prepaids: What’s the Difference? You might hear…

While growing wealth and investing can encompass many platforms and strategies, real estate has proven to be one of the most successful and dependable. Moreover, effective real estate investing can be a stabilizer and even a catalyst for increasing your net worth and is not as susceptible to market shifts and global uncertainty. Besides buying…

Highlights The March national median listing home price was over $400,000, an all-time high and an increase of 13.5% over March 2021 prices. Rising interest rates are moderating the demand for homes. As a result, mortgage applications are down 40% from March 2021. Home sellers are seeing a softening market. The share of homes for…

The March national median listing home price climbed to over $400,000, an all-time high and an increase of 13.5% over March 2021 prices. However, the demand for homes is moderating because of rising interest rates. The national inventory of active homes for sale declined by 18.9% over March 2021. The total inventory of unsold homes,…

Closing on a new house can be one of the most exciting days of your life. But before you get the keys, you’ll need to sign several documents at the closing table. So, here’s what to expect on your big day. What Are Closing Costs? Closing costs are the fees and expenses buyers and sellers…

Most of us, at some point, dream of buying and owning a home. The pride of ownership and a sense of security are important motivating factors. In addition, the initial investment can grow into a significant profit because of property value appreciation. For both first-time and experienced homebuyers, the question becomes: “How much home can…

Most buyers, particularly first-timers, will probably borrow money to purchase a home or other real estate property. The process consists of working with a lender to qualify for a home loan at a specific interest rate for a set amount of time. The homeowner is then responsible for making regular monthly payments to repay the…

Highlights Real estate markets are getting an early start to the spring buying season with an unseasonably high home demand with fewer homes for sale. Nationally, the inventory of active listings declined by 24.5% over last year, while the total inventory of unsold homes declined by 15.3%. February’s national median listing price was $392,450, up…