January 2024

If you’re looking to buy a home, the recent downward trend in mortgage
rates is good news because it helps with affordability. But there’s another
way this benefits you – it may inspire more homeowners to put their houses
up for sale.

Has the idea of sharing a home with loved ones like your grandparents,
parents, or other relatives crossed your mind? If so, you’re not alone.
More buyers are choosing to go this route and buy a multi-generational
home. Here’s a look at some of the top reasons why, to see if a home like
this may be right for you too.

Even though home prices are going up nationally, some people are still
worried they might come down. In fact, a recent survey from Fannie Mae
found that 24% of people think home prices will actually decline over the
next 12 months. That means almost one out of every four people are dealing
with that fear, and you might be, too.

This is much more than what used to be the norm. The side effect, however,
is when you stay in one place for so long, you may get even more 
emotionally attached to your space. If it’s the first home you bought or
the house where your loved ones grew up, it very likely means something
extra special to you. Every room has memories, and it’s hard to detach from
the sentimental value.

Some Highlights
* Buying a home is a big deal and can feel especially complicated if
you don’t know the terms used during the process.

* If you want to become a homeowner this year, it’s a good idea to
learn these key housing terms and understand how they relate to the
current housing market. That will help you feel confident when you
buy a home.

* Let’s connect so you can get expert help with any questions you have.

Over the past year, a lot of people have been talking about housing
affordability and how tight it’s gotten. But just recently, there’s been a
little bit of relief on that front. Mortgage rates have gone down since
their most recent peak in October. But there’s more to being able to
afford a home than just mortgage rates.

If you’ve been holding off on selling your house to make a move because you
felt mortgage rates were too high, their recent downward trend is exciting
news for you. Mortgage rates have descended since last October when they
hit 7.79%. In fact, they’ve been below 7% for over a month now

Are you putting off your plans to sell because you’re worried you won’t be
able to find a home you like when you move? If so, it may be time to
consider a newly built home and the benefits that come with one. Here’s
why.

If you’re trying to decide whether to rent or buy a home this year, here’s
a powerful insight that could give you the clarity and confidence you need
to make your decision.

If you’re worried about what’s next for home prices, know the HPES shows
experts are projecting they’ll continue to rise at least through 2028.

Based on that forecast, if you bought a $400,000 house this year, experts
say it could gain over $72,000 in equity over the next five years.

If you’re worried about falling home prices, don’t be. Many experts
forecast they’ll keep rising for years to come. If you have questions,
let’s connect.