Why Rising Mortgage Rates DO NOT Lead to Falling Home Prices

Recently, Freddie Mac published an Insight Report titled Nowhere to go but up? How increasing mortgage rates could affect housing. The report focused on the impact the projected rising mortgage rates might have on the housing market this year. Many believe that an increase in mortgage rates will cause a slowdown in purchases which would, in turn, lead to a […]

Renters Under 50 Want to Buy a Home!

Every year, the New York Federal Reserve publishes the results of their Survey of Consumer Expectations (SCE). Each survey covers a wide range of topics including inflation, labor market, household finance, credit access and housing. One of the many questions asked in the housing section of the survey was: Assuming you had the financial resources to do so, would […]

Rising Incomes Help To Offset Affordability Challenges

After the financial crisis and housing crash, there were plenty of homes for sale but very few interested buyers. Americans were financially unstable and worried about keeping their jobs. And while they may have liked to buy a house, it wasn’t the right time. Gradually, though, Americans became more secure in their jobs and more […]

The Feature Millennials Are Most Willing To Go Without

Unless you’re having a house built to your exact specifications, the house you end up buying will likely be a feature or two short of your ideal house. That’s because, you’re going to be choosing only from the homes that are on the market during the time you’re shopping. So the odds of finding each and […]

Homeowners Get A Better Grip On Home Values

The mortgage process is just about verifying and documenting the various aspects of the home’s sale. Whether it’s confirming the buyer’s income and debts or that the house doesn’t have a significant problem with its foundation, some items are typically among the checklist of things that need to be done before the deal is closed. […]