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There’s no denying mortgage rates are higher now than they were last year. And if you’re thinking about buying a home, this may be top of mind for you. That’s because those higher rates impact how much it costs to borrow money for your home loan. As you set out to make a purchase this winter,…
If you’re a young adult, you may be thinking about your goals and priorities for the months and years ahead. And if homeownership ranks high on your goal sheet, you’re in good company. Many of your peers are also pursuing their dream of owning a home. The 2022 Millennial & Gen Z Borrower Sentiment Report from Maxwell says: “Many young…
It was 1973, one year after my wife and I got married. I was a 28-year-old painting contractor with little credit history and had never owned a home. We had just returned from Crested Butte, Colorado where we had moved to only three months earlier, and with an eight-year-old son, we needed a place to…
Juan Miret is a Venezuelan-born journalist and a resident of Central Park since 2007. He is an award-winning writer and photographer, whose work has appeared in bilingual publications, in addition to being syndicated nationally.
Check out this month’s latest real estate news and trends, including new listings, recently announced real estate development projects as well as housing, mortgage, and finance news and market stats. Community updates include art and restaurant guides and details on upcoming festivals, parades, events, and performances.
If you’re a homeowner, odds are your equity has grown significantly over the last few years as home prices skyrocketed and you made your monthly mortgage payments. Home equity builds over time and can help you achieve certain goals. According to the latest Equity Insights
Buying a house can feel like a daunting task. It involves a lot of different factors, including everything from loan qualification and credit checks to appraisals, legal contracts, and more. It can all feel a little unapproachable, especially if you’ve never done it before. But it doesn’t have to be that way.
This past year, rising mortgage rates have slowed the red-hot housing market. Over the past nine months, we’ve seen fewer homes sold than the previous month as home price growth has slowed. All of this is due to the fact that the average 30-year fixed mortgage rate has doubled this year, severely limiting homebuying power…
Every time there’s a news segment about the housing market, we hear about the affordability challenges buyers are facing today. Those headlines are focused on how much mortgage rates have climbed this year. And while it’s true rates have risen dramatically, it’s important to remember they aren’t the only factor in the affordability equation. Here…
Check out this month’s latest real estate news and trends, including new listings, recently announced real estate development projects as well as housing, mortgage, and finance news and market stats. Community updates include art and restaurant guides and details on upcoming festivals, parades, events, and performances.
With all the headlines and talk in the media about the shift in the housing market, you might be thinking this is a housing bubble. It’s only natural for those thoughts to creep in that make you think it could be a repeat of what took place in 2008. But the good news is, there’s…
While the Federal Reserve is working hard to bring down inflation, the latest data shows the inflation rate is still high, remaining around 8%. This news impacted the stock market and added fuel to the fire for conversations about a recession. You’re likely feeling the impact in your day-to-day life as you watch the cost of goods and services climb.…
