by Vickie Boarman Ballard | Mar 30, 2022 | Buyers, Housing Market Updates, Interest Rates, Pricing
Based on the Primary Mortgage Market Survey from Freddie Mac, the average 30-year fixed-rate mortgage has increased by 1.2% (3.22% to 4.42%) since January of this year. The rate jumped by more than a quarter of a point from just a week ago. Here’s a visual to show how...
by Vickie Boarman Ballard | Dec 23, 2021 | Buyers, First Time Home Buyers
It’s clear that owning a home makes financial sense. But lately, the emotional side of what drives homeownership is becoming increasingly important. No matter the living space, the feeling of a home means different things to different people. Whether it’s a familiar...
by Vickie Boarman Ballard | Aug 10, 2021 | Buyers, Buying A Home, Sellers, Selling A Home
Many times people embark on buying a house at the same time they are selling their current home. It can be a stressful situation with many balls in the air at once. There is a lot at stake when doing these two transactions. Many mistakes that can occur during this...
by Vickie Boarman Ballard | Aug 10, 2021 | Buyers, Housing Market Updates, Pricing
It’s no secret that one of the top stories in today’s real estate market is low housing supply and high buyer demand. If you’re a first-time buyer looking for a starter home or are someone who’s interested in downsizing, it may be worth considering a condominium...
by Vickie Boarman Ballard | Aug 5, 2021 | Buyers, Housing Market Updates, Sellers
In April, the National Association of Home Builders (NAHB) posted an article, Home Buyers’ Preferences Shift Towards New Construction, which reported: “60% of people who were looking to buy a home in 2020 said they’d prefer new construction to an existing home.”...
by Vickie Boarman Ballard | Aug 3, 2021 | Buyers, First Time Home Buyers, Pricing
According to recent data from realtor.com, median rental prices have reached their highest point ever recorded in many areas across the country. The report found rents rose by 8.1% from the same time last year. As it notes: “Beyond simply recovering to pre-pandemic...
