Michael Kaelin's Blog Posts

3 Things Home Buyers Can Do In Today's Housing Market

It’s clear the 2022 housing market has been defined by rising mortgage rates. With rates on the rise, it’s also become more costly to purchase a home. According to the National

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What's Really Going On With Home Prices Today

One of the biggest questions people are asking right now is: what’s happening with home prices? There are headlines about ongoing price appreciation, but at the same time, some sellers

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Tips for Buying A Home Today!

If you put off your home search at any point over the past two years, you may want to consider picking it back up based on today’s housing market conditions. Recent data shows the supply

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U.S. Homeownership Rate is Growing!

The desire to own a home is still strong today. In fact, according to the Census, the U.S. homeownership rate is on the rise. To illustrate the increase, the graph below shows the

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Is the Current Real Estate Market a Challenge or an Opportunity for Homebuyers?

If you tried to buy a home during the pandemic, you know the limited supply of homes for sale was a considerable challenge. It created intense bidding wars which drove home prices;

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Pricing Your Home Correctly Is More Important Now than Ever Before!

There’s no doubt about the fact that the housing market is slowing from the frenzy we saw over the past two years. But what does that mean for you if you’re thinking of selling

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Still A Seller's Market, Folks!

As there’s more and more talk about the real estate market cooling off from the peak frenzy it saw during the pandemic, you may be questioning what that means for your plans to 

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Buying vs. Renting - Which Makes More Financial Sense?

If rising home prices leave you wondering if it makes more sense to rent or buy a home in today’s housing market, consider this. It’s not just home prices that have

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3 Reasons Why This Isn't A Housing Bubble

With all the headlines and buzz in the media, some consumers believe the market is in a housing bubble. As the housing market shifts, you may be wondering what’ll happen next. It

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Talk to A Real Estate Professional to Separate Fact from Fiction

If you’re following the news, chances are you’ve seen or heard some headlines about the housing market that don’t give the full picture. The real estate market is shifting, and

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Thinking of Buying a Home? Now May Be the Time!

There are more homes for sale today than at any time last year. So, if you tried to buy a home last year and were outbid or out priced, now may be your opportunity. The number of

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Are Home Prices Going to Fall? Read This!

Over the last two years, the rate of home prices appreciated at a dramatic pace. While that led to incredible equity gains for homeowners, it’s also caused some buyers to wonder if

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Why Getting Pre-Approved Is a Game Changer for Homebuyers

If you’re planning to buy a home this year, you might have heard that pre-approval is a necessary step to take before starting out on your journey. But why is that? And is it still

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Housing Experts Still Say This Isn't a Bubble

With so much talk about an economic slowdown, some people are asking if the housing market is heading for a crash like the one in 2008. To really understand what's happening with real

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Should You Purchase a Home Right Now?

If you’ve been thinking about buying a home, you likely have one question on the top of your mind: should I buy right now, or should I wait? While no one can answer that

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This Drop in Mortgage Rates Means Good News for Homebuyers!

Over the past few weeks, the average 30-year fixed mortgage rate from Freddie Mac fell by half a percent. The drop happened over concerns about a potential recession. And since

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How Is the Housing Market Effected by an Economic Slowdown?

According to a recent survey, more and more Americans are concerned about a possible recession. Those concerns were validated when the Federal Reserve met and confirmed they were strongly

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Selling Your Home This Summer? Using a Pro Is Critical!

It can be tempting, especially with how hot the housing market has been over the past two years, to consider selling your home on your own. But today’s market is at a turning

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Down payment Assistance Programs Could Bring Homeownership in Reach

A recent survey from Bankrate asks prospective buyers to identify the biggest obstacles in their homebuying journey. It found that 36% of those polled said saving for a down

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Key Opportunity for Homebuyers

There’s no denying the housing market has delivered a fair share of challenges to homebuyers over the past two years. Two of the biggest hurdles homebuyers faced during the pandemic were the

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2 Reasons Why the Housing Market Today Isn't a Bubble

You may be reading headlines and hearing talk about a potential housing bubble or a crash, but it’s important to understand that the data and expert opinions tell a different story. A 

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Higher Rates and Short Supply - What Does This Mean for Me?

Higher Rates and Short Supply: The State of Real Estate in 2022The last two years caught many of us off guard—and not just because of the pandemic. They also ushered in the hottest housing

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Home Price Deceleration Doesn't Equal Depreciation

Experts in the real estate industry use a number of terms when they talk about what's happening with home prices. And some of those words sound a bit similar but mean very different things. To help

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A Majority of Consumers Say It's Still a Good Time To Sell Your House

If you’re a homeowner thinking about selling your house, you’re probably looking for the best time to make your move. That means you’re likely balancing a number of factors, like

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Is the Housing Market Headed for a Correction?

If you're following the news, all of the headlines about conditions in the current housing market may leave you with more questions than answers. Is the boom over? Is the market

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Best Options for First-Time Homebuyers

If you’re looking to buy your first home, you’re likely balancing several factors. Because both mortgage rates and home prices have risen this year, it costs more to

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Why You Should Use A Real Estate Agent to Price Your Home

If your lifestyle has changed recently and you’re ready to make a move, taking advantage of today’s sellers’ market might be just the answer for your summer plans.

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Home Loans: Why They're Different Today than In the Past

Why Home Loans Today Aren’t What They Were in the PastIn today’s housing market, many are beginning to wonder if we’re returning to the riskier lending habits and borrowing options

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Where Does the Housing Market Go from Here?

If you’re thinking of buying or selling a house, you’re at an exciting decision point. And anytime you make a big decision like that, one thing you should always

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How Selling or Buying a Home Benefits The Economy

If you’re thinking of buying or selling a home, chances are you’re focusing on the many extraordinary ways it’ll change your life. But do you know it has a

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Why Rising Mortgage Rates Turn Off Buyers

If you’re thinking about buying a home, you’ve probably heard mortgage rates are rising and have wondered what that means for you. Since mortgage rates have increased over

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Will Home Prices Fall This Year? Read Up!

Many people are wondering: will home prices fall this year? Whether you’re a potential homebuyer, seller, or both, the answer to this question matters for you.&

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How Today's Mortgage Rates Impact Your Home Purchase

How Today’s Mortgage Rates Impact Your Home PurchaseIf you’re planning to buy a home, it’s critical to understand the relationship between mortgage rates and your

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3 Tips for First-Time Homebuyers

Buying your first home is a major decision and an exciting milestone. Even though it can feel daunting at times, it has the power to change your life for the better. If you're looking to purchase

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Your House Could Be Closer to List-Ready Than You Think!

One of the biggest concerns for a homeowner looking to sell is the time they’ll have to put in before listing their house. If that’s the case for you, you should know – your

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Recent Home Price Appreciation is GREAT News for Existing Homeowners!

If you’re planning to sell your home this season, rising prices are great news for you. But it’s important to understand why prices are rising to begin with. One

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Thinking of Selling in a Sellers' Market? Read This First!

What You Need To Know About Selling in a Sellers’ MarketEven if you haven’t been following real estate news, you’ve likely heard about the current sellers’ market. That

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Reasons Why the Housing Market Isn't a Bubble

Homeownership has become a major element in achieving the American Dream. A recent report from the National Association of Realtors (NAR) finds that over 86% of buyers agree

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How to Approach the Rising Mortgage Rates as a Buyer

In the last few weeks, the average 30-year fixed mortgage rate from Freddie Mac inched up to 5%. While that news may have you questioning the timing of your home search, the truth is,

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Why Pre-Approval is Key for Today's Homebuyers

Being intentional and competitive are musts when buying a home this season. That’s why pre-approval is so important today. Pre-approval from a lender is the only way to know your

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Why Pre-Approval is Key for Today's Homebuyers

Being intentional and competitive are musts when buying a home this season. That’s why pre-approval is so important today. Pre-approval from a lender is the only way to know your

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Mortgage Rates Keep Creeping Higher. Read This if You're Thinking About Buying a Home This Year!

Where Are Mortgage Rates Headed?There’s never been a truer statement regarding forecasting mortgage rates than the one offered last year by Mark Fleming, Chief Economist at First

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Balancing Your Wants and Needs as a Buyer

Since the number of homes for sale is low today, it can feel challenging to find one that checks all your boxes. But if you know which features are absolutely essential in your next home

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The Future of Home Price Appreciation and What It Means

Many consumers are wondering what will happen with home values over the next few years. Some are concerned that the recent run-up in home prices will lead to a situation similar to the 

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What’s Going On with Mortgage Rates, and Where Will They Go from Here?

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

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Reasons Why We're Not Heading Towards a Housing Market Crash

A recent survey revealed that many consumers believe there’s a housing bubble beginning to form. That feeling is understandable, as year-over-year home price appreciation is still in

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Homeownership: A Key to Building Wealth!

A Key To Building Wealth Is HomeownershipThe link between financial security and homeownership is especially important today as inflation rises.  But many people may not realize just

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What to Expect in the Spring Housing Market

As the spring housing market kicks off, you likely want to know what you can expect this season when it comes to buying or selling a house. While there are multiple factors

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Ways That Homeownership can Positively Impact Your Life

The past two years have taught us the true value of homeownership, especially the stability and the feeling of accomplishment it can provide. But homeownership has so much more to offer. Here

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Indiana Homeowners on Average Gained $33K in Equity over the Past Year!

If you’re a current homeowner, you should know your net worth just got a big boost. It comes in the form of rising home equity. Equity is the current value of your home minus what you owe

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How Mortgage Rates are Being Impacted by Global Uncertainty

If you’re thinking about buying or selling a home, you’ll want to keep a pulse on what’s happening with mortgage rates. Rates have been climbing in recent,

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Did Your Dream Home Just Hit the Market?!

For the first time in a long time, the number of newly listed homes is beginning to rise. In their latest monthly release, realtor.com reveals the number of existing homes entering

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Wondering if This Is the Year To Buy a Home?

Every year, many renters ask themselves the same question: Should I continue renting, or is it time to buy a home? If you’re a renter, chances are you’ve asked

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Don't Get Caught Off Guard by Closing Costs

As a homebuyer, it’s important to plan and budget for the expenses you’ll encounter when you purchase a home. While most people understand the need to save for a down payment, a

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Key Factors Impacting Affordability

You can’t read an article about residential real estate without the author mentioning the affordability challenges that today’s buyers face. There’s no doubt homes are less

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How Supply and Demand Impacts Buying and Selling

In today’s housing market, there are far more buyers looking for homes than sellers listing their houses. Based on the concept of supply and demand, this means home prices will naturally

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What's Driving The High Buyer Demand in Today's Market?

Some HighlightsThere’s an influx of buyers looking for homes today, and that means your house is in high demand. Here are a few reasons why so many people are looking to buy a home.Buyers

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Thinking About Renovating Before You Sell? Read Below for Some Tips!

If you’re planning to sell this year, you’re probably thinking about what you’ll need to do to get your house ready to appeal to the most buyers. It’s crucial to work with a

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Want Top Dollar for Your Home? NOW Is the Time To List It!

When you’re selling any item, you usually want to sell it for the greatest profit possible. That happens when there’s a strong demand and a limited supply for that item. In the real

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Consumers Agree That It's A Good Time To Sell

In today’s sellers’ market, many homeowners are weighing their options and trying to decide if they should sell their house. If you’re in that group, you may be balancing things

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Want to Know Where Mortgage Rates Are Heading?

Mortgage rates have increased significantly since the beginning of the year. Each Thursday, Freddie Mac releases its Primary Mortgage Market Survey. According to the latest survey,

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Home Ownership: More Affordable than Renting in the Majority of the Country

If you were thinking about buying a home this year, but already pressed pause on your plans due to rising home prices and increasing mortgage rates, there’s something you should

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Sellers: You Have the Chance to Benefit From This Great Market Opportunity RIGHT NOW!

If you’re thinking about selling your house in 2022, you truly have a once-in-a-lifetime opportunity at your fingertips. When selling anything, you always hope for strong demandfor the

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Pre-Approvals Are Key to Getting Your Offer Accepted!

You may have heard that it’s important to get pre-approved for a mortgage at the beginning of the homebuying process, but what does that really mean, and why is it so

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Choose Real Estate As The Best Investment

Some HighlightsAccording to a Gallup poll, real estate has been rated the best long-term investment for eight years in a row.Real estate tops the list because you’re not just buying

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Why You Don't Want to Continue Waiting to Sell!

As you plan out your goals for the year, moving up to your dream home may top the list. But, how do you know when to make your move? You want to time it just right so you can get the most out

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Why is Inventory Low?

One key question that’s top of mind for homebuyers this year is: why is it so hard to find a house to buy? The truth is, we’re in the ultimate sellers’ market, so real

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Mortgage Rates are Climbing! Now May be the Time to Buy!

Last week, the average 30-year fixed mortgage rate from Freddie Mac jumped from 3.22% to 3.45%. That’s the highest point it’s been in almost two years.

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What Will Home Prices Do This Year?

After almost two years of double-digit increases, many experts thought home price appreciation would decelerate or happen at a slower pace in the last quarter of 2021. However, the latest Home

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Inflation Shouldn't Stop You From Buying a Home in 2022!

If you’re following along with the news today, you’re probably hearing a lot about record-breaking home prices, rising consumer costs, supply chain constraints, and more. And if you;

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Thinking of Selling? 5 Reasons Why Waiting Could Cost You.

Many homeowners who plan to sell in 2022 may think the wise thing to do is to wait for the spring buying market since historically about 40 percent of home sales occur between April and

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How Much is Needed for a Down Payment?

As you set out on your homebuying journey, you likely have a plan in place, and you’re working on saving for your purchase. But do you know how much you actually need for your down payment?If

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Expert's Advice on the 2022 Real Estate Market

As we move into 2022, both buyers and sellers are wondering, what’s next? Will there be more homes available to buy? Will prices keep climbing? How high will mortgage rates

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Homebuyers: Be Ready to Act!

To succeed as a buyer in today’s market, it’s important to understand which market trends will have the greatest impact on your home search. Danielle Hale, Chief Economist at .

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Thinking the Housing Market Will Slow Down This Winter? Think Again!

From the opportunity to take advantage of today’s low mortgage rates to changing homeowner needs, Americans have more motivation than ever to buy a home. According to

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Why Waiting to Buy May Be the Wrong Move

If you’re a homeowner who’s decided your current house no longer fits your needs, or a renter with a strong desire to become a homeowner, you may be hoping that waiting until next year

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Win When You Sell...and When You Move!

If you’re trying to decide when to sell your house, there may not be a better time than this winter. Selling this season means you can take advantage of today’s strong 

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Homeowners: Home Is Where the Heart Is More than Ever This Year!

There’s no denying the financial benefits of homeownership, but what’s often overlooked are the feelings of gratitude, security, pride, and comfort we get from owning a home.

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Thinking Strategically As A Buyer In Today's Market

The game of chess can provide incredible lessons to apply to all aspects of life, including the homebuying process. Chess requires you to plan and think about your strategy from the very beginning

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Why Now is a Great Time to Sell!

As we near the end of the year, more homeowners are realizing the benefits of today’s sellers’ market. Record-breaking home price appreciation, growing equity, low 

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How Smart Buyers Are Approaching Buying With The Rising Mortgage Rates

Last week, the average 30-year fixed mortgage rate from Freddie Mac inched up to 3.1%, and experts project rates will continue rising through 2022:“The 30-year fixed-rate

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4 Ways Your Home's Equity Can Be Used

Your equity is a powerful tool that can help you achieve your goals as a homeowner. And chances are, your equity grew substantially over the past year. According to the latest Equity

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Are Home Sales About To Surge? This Winter May Be One Like Never Before.

Like most industries, residential real estate has a seasonality to it. For example, toy stores sell more toys in October, November, and December than they do in any other three-month span throughout

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Renters: You Missed Out on $51,500 This Past Year

 Rents have increased significantly this year. The latest National Rent Report from Apartmentlist.com shows rents are rising at a rate much higher than the three years leading up to the:

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Housing: Challenge or Opportunity?

 The biggest challenge in real estate today is the lack of available homes for sale. The low housing supply has caused homes throughout the country to appreciate at a much faster rate than what

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Does Your House Have What Buyers are Looking For?

The rise in remote work is changing what many Americans want in their homes. Many companies are choosing to delay reopening or go remote full-time, and today’s buyers are looking for homes

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Homeowners: Your Home Equity Is Growing!

Some HighlightsIf you’re a homeowner, today’s rising equity is great news. On average, homeowners have gained $51,500 in equity since this time last year.Whether it’s funding an

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Important Distinction: Homes Are Less Affordable...Not Unaffordable

It’s impossible to research the subject of buying a home without coming across a headline declaring that the fall in home affordability is a crisis. However, when we add context to the most

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Sellers: Your House Could Be THE Oasis Buyers are Looking For

Sellers have a great opportunity this season as buyer demand still heavily outweighs the current supply of homes for sale. According to the National Association of Realtors (NAR), today’s

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Thinking About Waiting for A Lower Mortgage Rate? Don’t-It Could Cost You!

Today’s housing market is truly one for the record books. Over the past year, we’ve seen the lowest mortgage rates in history. And while those rates seemed to bottom out in

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Reasons YOU Should Become A Homeowner This Year

 The financial benefits of buying a home versus renting one are always up for debate. However, one element of the equation is often ignored – the ability to build wealth as a homeowner

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4 Tips to Prep Your Home to Sell

Even in a hot sellers’ market like today’s in which homes are selling so quickly, it’s still important to make a good first impression on potential buyers. Taking the time upfront

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5 Tips for Making Your Best Offer On A New House

In today’s sellers’ market, standing out as a buyer is critical. Multi-offer scenarios and bidding wars are the norm due to the low supply of houses for sale and high buyer demand.

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