Monthly Archives: February 2023
What You Should Know About Rising Mortgage Rates
The most recent weekly average 30-year fixed mortgage rate reported by Freddie Mac is 6.5%. It’s the third week in a row that rates have increased and puts them at the highest point they’ve been this year (see graph below): Over the last few weeks, mortgage rates have risen. But that doesn’t mean you should delay your plans to buy a home. In fact, it could mean the opposite if you want to take advantage of less buyer competition. Let’s connect today to explore the options in our local market. Read More
Spring into Action: Boost Your Home’s Curb Appeal with Expert Guidance
When deciding what you need to do to your house before selling it, remember you’re making these repairs and updates for someone else. Prioritize projects that will help you sell faster or for more money over things that appeal to you as a homeowner. Read More
Should You Consider Buying a Newly Built Home?
While there are more houses for sale right now than there were at this time last year, there’s still a historically low number of homes available on the market. One reason for that is years of underbuilding—meaning there haven’t been enough new homes built to keep up with demand. The graph below shows how low the production of newly constructed homes has been over the past 14 years. But it also shows another important trend: the number of new homes being built each year is on the rise. Read More
Looking back at 2022 and forward to 2023 from Dave & Travis
Did you know: the 30 year FHA/VA mortgage interest rate was 5.5% on 2/1/2023, available homes for sale remains at record low’s and that prices aren’t falling?? First Listing Sold in 2023! Kudos to my sellers for the sale of their Palmer home. We started talking last summer, had exterior pictures done in September and... Read More
Why It Makes Sense To Move Before Spring
Spring is usually the busiest season in the housing market. Many buyers wait until then to make their move, believing it’s the best time to find a home. However, that isn’t always the case when you factor in the competition you could face with other buyers at that time of year. If you’re ready to buy a home, here’s why it makes sense to move before the spring market picks up. Read More