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Market Conditions

Market Conditions

Why Buying a Home Is a Sound Decision

If you’re thinking about buying a home, you want to know the decision will be a good one.

Posted on 
March 23, 2023
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Market Conditions

Reasons To Consider Condos in Your Home Search

Are you having trouble finding a home that fits your needs and your budget?

Posted on 
March 22, 2023
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Market Conditions

What Buyer Activity Tells Us About the Housing Market

Though the housing market is no longer experiencing the frenzy of a year ago, buyers are showing their interest in purchasing a home. 

Posted on 
March 16, 2023
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Market Conditions

An Expert Gives You Clarity in Today’s Housing Market

<p>The housing market has been going through shifts lately.</p>

Posted on 
March 14, 2023
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Market Conditions

Leverage Your Equity When You Sell Your House

<p>One of the benefits of being a homeowner is that you build equity over time.&nbsp;</p>

Posted on 
March 13, 2023
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Market Conditions

Leverage Your Equity When You Sell Your House

<p>One of the benefits of being a homeowner is that you build equity over time.&nbsp;</p>

Posted on 
March 13, 2023
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Market Conditions

4 Tips for Making Your Best Offer on a Home

<p>Are you planning to buy a home this spring?</p>

Posted on 
March 9, 2023
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Market Conditions

2 Things Sellers Need To Know This Spring

<p>A lot has changed over the past year, and you might be wondering what’s in store for the spring housing market.&nbsp;</p>

Posted on 
March 8, 2023
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Market Conditions

Could a Multigenerational Home Be the Right Fit for You?

<p>During the pandemic, many of us reexamined the meaning of <em>home</em> for ourselves and our loved ones.&nbsp;</p>

Posted on 
March 7, 2023
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Market Conditions

Could a Multigenerational Home Be the Right Fit for You?

<p>During the pandemic, many of us reexamined the meaning of <em>home</em> for ourselves and our loved ones.&nbsp;</p>

Posted on 
March 7, 2023
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Market Conditions

Is It Really Better To Rent Than To Own a Home Right Now?

You may have seen reports in the news recently saying it’s better to rent right now than it is to <a href="https://www.simplifyingthemarket.com/2023/02/23/how-to-make-your-dream-of-homeownership-a-reality/?a=712644-838b6c55a1809c97da6d61c83d33dbdc">own your home</a>. But before you let that impact your decisions, you should understand what these claims are based on.

Posted on 
March 6, 2023
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Market Conditions

Equity Gains for Today’s Homeowners

Today’s homeowners are sitting on significant equity, even as home price appreciation has eased recently. If you’re a homeowner, your <a href="https://www.simplifyingthemarket.com/2023/02/27/one-major-benefit-of-investing-in-a-home/?a=712644-838b6c55a1809c97da6d61c83d33dbdc">net worth</a> got a boost over the past few years thanks to rising home prices. Here’s what it means for you, even as the market moderates.

Posted on 
March 2, 2023
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Market Conditions

An Expert Makes All the Difference When You Sell Your House

If you’re thinking of selling your house, it’s important to work with someone who understands how the market is changing and what it means for you. Here are five reasons working with a <a href="https://www.simplifyingthemarket.com/2023/02/20/spring-into-action-boost-your-homes-curb-appeal-with-expert-guidance/?a=712644-838b6c55a1809c97da6d61c83d33dbdc">professional</a> can ensure you’ll get the most out of your sale.

Posted on 
March 1, 2023
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Market Conditions

What You Should Know About Rising Mortgage Rates

After steadily falling over the winter, mortgage rates have started to rise in recent weeks. This is concerning to some potential <a href="https://www.simplifyingthemarket.com/2023/02/14/why-its-easy-to-fall-in-love-with-homeownership-1/?a=712644-838b6c55a1809c97da6d61c83d33dbdc">homebuyers</a> as the combination of higher mortgage rates and higher <a href="https://www.simplifyingthemarket.com/2023/02/16/wondering-whats-going-on-with-home-prices/?a=712644-838b6c55a1809c97da6d61c83d33dbdc">prices</a> have made homes less affordable. So, if you’re planning to purchase a home this year, you too may be wondering if now’s the right time to buy or if you should hold off on your search until rates come back down.

Posted on 
February 28, 2023
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Market Conditions

One Major Benefit of Investing in a Home

One of the many reasons to buy a home is that it’s a major way to <a href="https://www.simplifyingthemarket.com/2023/01/27/homeownership-builds-your-wealth-over-time-infographic/?a=712644-838b6c55a1809c97da6d61c83d33dbdc">build wealth</a> and gain financial stability. According to <a href="https://myhome.freddiemac.com/owning/equity-and-appreciation.html"><em>Freddie Mac</em></a>:

Posted on 
February 27, 2023
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Market Conditions

How To Make Your Dream of Homeownership a Reality

According to a recent <em>Harris Poll </em>survey, <a href="https://www.nerdwallet.com/article/mortgages/2023-home-buyer-report">8 in 10</a> Americans say buying a home is a priority, and 28 million Americans actually plan to buy within the next 12 months. Homeownership provides many financial and nonfinancial <a href="https://www.simplifyingthemarket.com/2022/12/22/what-makes-a-house-a-home/?a=712644-838b6c55a1809c97da6d61c83d33dbdc">benefits</a>, so that interest is understandable.

Posted on 
February 23, 2023
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Market Conditions

A Smaller Home Could Be Your Best Option

Many people are reaching the point in their lives when they need to decide where they want to live when they retire. If you’re a homeowner approaching this stage, you have several options to explore. Jessica Lautz, Deputy Chief Economist and Vice President of Research at the <em>National Association of Realtors</em> (NAR), <a href="https://www.nar.realtor/blogs/economists-outlook/all-in-the-family-multi-generational-home-buying">says</a>:

Posted on 
February 22, 2023
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Market Conditions

The Two Big Issues the Housing Market’s Facing Right Now

The biggest challenge the housing market’s facing is how few homes there are for sale. Mark Fleming, Chief Economist at <em>First American, </em><a href="https://blog.firstam.com/economics/why-housing-market-potential-increased-for-the-second-straight-month">explains</a> the root causes of today’s low supply:

Posted on 
February 21, 2023
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Market Conditions

Spring into Action: Boost Your Home’s Curb Appeal with Expert Guidance

To sell your home this spring, it may need more preparation than it would have a year or two ago. Today’s housing market has a different feel. There are more homes for sale than there were at this time last year, but <a href="https://www.simplifyingthemarket.com/2023/02/08/number-of-homes-for-sale-up-from-last-year-but-below-pre-pandemic-years/?a=712644-838b6c55a1809c97da6d61c83d33dbdc">inventory</a> is still historically low. So, if a house has been sitting on the market for a while, that’s a sign it may not be hitting the mark for potential buyers. But here’s the thing. Right now, <strong>homes that are updated and </strong><a href="https://www.simplifyingthemarket.com/2023/01/23/want-to-sell-your-house-price-it-right/?a=712644-838b6c55a1809c97da6d61c83d33dbdc"><strong>priced</strong></a><strong> at market value are still selling fast</strong>.

Posted on 
February 20, 2023
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Market Conditions

Wondering What’s Going on with Home Prices?

The recent changes in home prices are top of mind for many as the <a href="https://www.simplifyingthemarket.com/2023/02/02/experts-forecast-a-turnaround-in-the-housing-market-in-2023/?a=712644-838b6c55a1809c97da6d61c83d33dbdc">housing market</a> begins gearing up for spring. It can be hard to navigate misleading headlines and confusing data, so here’s what you should know about today’s home prices.

Posted on 
February 16, 2023
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Market Conditions

Should You Consider Buying a Newly Built Home?

If you’re thinking about buying a home, you might be focusing on previously owned ones. But with so few houses for sale <a href="https://www.simplifyingthemarket.com/2023/02/09/why-todays-housing-market-isnt-headed-for-a-crash/?a=712644-838b6c55a1809c97da6d61c83d33dbdc">today</a>, it makes sense to consider all your options, and that includes a home that’s newly built.

Posted on 
February 15, 2023
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Market Conditions

Why It’s Easy To Fall in Love with Homeownership

<p>No matter how the housing market changes, there are some things about <a href="https://www.simplifyingthemarket.com/2023/01/24/the-3-factors-that-affect-home-affordability/" rel="noopener noreferrer" target="_blank?a=712644-838b6c55a1809c97da6d61c83d33dbdc">owning a home</a> that never change—like the personal benefits it can provide. When you&nbsp;own your home, you likely feel a sense of attachment because of the comfort it gives and also because it’s a space that’s truly yours.</p>

Posted on 
February 14, 2023
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Market Conditions

Why It’s Easy To Fall in Love with Homeownership

<p>No matter how the housing market changes, there are some things about <a href="https://www.simplifyingthemarket.com/2023/01/24/the-3-factors-that-affect-home-affordability/" rel="noopener noreferrer" target="_blank?a=712644-838b6c55a1809c97da6d61c83d33dbdc">owning a home</a> that never change—like the personal benefits it can provide. When you&nbsp;own your home, you likely feel a sense of attachment because of the comfort it gives and also because it’s a space that’s truly yours.</p>

Posted on 
February 14, 2023
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Market Conditions

What You Should Know About Closing Costs

Before you buy a home, it’s important to <a href="https://www.simplifyingthemarket.com/2023/02/10/how-to-win-as-a-buyer-in-todays-housing-market-infographic/?a=712644-838b6c55a1809c97da6d61c83d33dbdc">plan ahead</a>. While most buyers consider how much they need to save for a <a href="https://www.simplifyingthemarket.com/2023/02/03/you-may-not-need-as-much-as-you-think-for-your-down-payment-infographic/?a=712644-838b6c55a1809c97da6d61c83d33dbdc">down payment</a>, many are surprised by the closing costs they have to pay. To ensure you aren’t caught off guard when it’s time to close on your home, you need to understand <strong>what closing costs are and how much you should budget for</strong>.

Posted on 
February 13, 2023
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Market Conditions

Why Today’s Housing Market Isn’t Headed for a Crash

<a href="https://www.nerdwallet.com/article/mortgages/2023-home-buyer-report">67%</a> of Americans say a housing market crash is imminent in the next three years. With all the talk in the media lately about shifts in the housing market, it makes sense why so many people feel this way. But there’s good news. Current data shows <a href="https://www.simplifyingthemarket.com/2023/02/02/experts-forecast-a-turnaround-in-the-housing-market-in-2023/?a=712644-838b6c55a1809c97da6d61c83d33dbdc"><strong>today’s market</strong></a><strong> is nothing like it was before the housing crash in 2008</strong>.

Posted on 
February 9, 2023
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Market Conditions

Number of Homes for Sale Up from Last Year, but Below Pre-Pandemic Years

The biggest challenge in the housing market right now, and likely for years to come, is how few homes there are for sale compared to the number of people who want to buy. That’s why, if you’re thinking about selling your house, this is a great time to do so. Your house would be welcome in a market that has fewer homes for sale than it did in the years leading up to the pandemic.

Posted on 
February 8, 2023
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Market Conditions

How Experts Can Help Close the Gap in Today’s Homeownership Rate

As we celebrate Black History Month, we reflect on the past and present experiences of Black Americans. This includes the path toward investing in a home of their own. And while equitable access to housing has come a long way, homeownership can be a steeper climb for households of color. It’s an important experience to talk about, along with how it can make all the difference for diverse homebuyers to work with the right real estate experts.

Posted on 
February 7, 2023
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Market Conditions

The Top Reasons for Selling Your House

Many of today’s homeowners bought or refinanced their homes during the pandemic when mortgage rates were at history-making lows. Since rates doubled in 2022, some of those homeowners put their plans to move on hold, not wanting to lose the low mortgage rate they have on their current house. And while today’s rates have started coming down from last year’s peak, they’re still higher than they were a couple of years ago.

Posted on 
February 6, 2023
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Market Conditions

Experts Forecast a Turnaround in the Housing Market in 2023

The housing market has gone through a lot of change recently, and much of that was a result of how quickly <a href="https://www.simplifyingthemarket.com/2023/01/17/think-twice-before-waiting-for-3-mortgage-rates/?a=712644-838b6c55a1809c97da6d61c83d33dbdc">mortgage rates</a> rose last year.

Posted on 
February 2, 2023
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Market Conditions

Should You Rent Your House or Sell It?

If you’re a homeowner ready to make a move, you may be thinking about using your current house as a short-term rental property instead of <a href="https://www.simplifyingthemarket.com/2023/01/23/want-to-sell-your-house-price-it-right/?a=712644-838b6c55a1809c97da6d61c83d33dbdc">selling</a> it. A <em>short-term rental</em> (STR) is typically offered as an alternative to a hotel, and they’re an investment that’s gained popularity in recent years. According to a <em>Harris Poll </em><a href="https://theharrispoll.com/wp-content/uploads/2022/12/State-of-Real-Estate-December-2022.pdf">survey</a>, 28% of homeowners have considered using a rental service to temporarily rent out their home for additional income.

Posted on 
February 1, 2023
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Market Conditions

Lower Mortgage Rates Are Bringing Buyers Back to the Market

As mortgage rates rose last year, activity in the housing market slowed down. And as a result, homes started seeing fewer offers and stayed on the market longer. That meant some homeowners decided to press pause on selling.

Posted on 
January 31, 2023
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Market Conditions

Where Will You Go If You Sell? You Have Options.

There are plenty of good reasons you might be ready to move. No matter <a href="https://www.simplifyingthemarket.com/2023/01/02/what-are-your-goals-in-the-housing-market-this-year/?a=712644-838b6c55a1809c97da6d61c83d33dbdc">your motivations</a>, before you list your current house, you need to consider where you’ll go next.

Posted on 
January 30, 2023
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Market Conditions

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.

Posted on 
January 26, 2023
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Market Conditions

Why You Shouldn’t Fear Today’s Foreclosure Headlines

If you’ve seen recent headlines about foreclosures surging in the housing market, you’re certainly not alone. There’s no doubt, the <a href="https://www.simplifyingthemarket.com/2023/01/10/the-truth-about-negative-home-equity-headlines/?a=712644-838b6c55a1809c97da6d61c83d33dbdc">stories</a> in the media can be pretty confusing right now. They may even make you think twice about buying a home for fear that prices could crash. The reality is, the data shows a foreclosure crisis is not where the market is headed, and understanding what that really means is mission critical if you want to know the truth about what’s <a href="https://www.simplifyingthemarket.com/2023/01/11/todays-housing-market-is-nothing-like-15-years-ago/?a=712644-838b6c55a1809c97da6d61c83d33dbdc">happening today</a>. Here’s a deeper look.

Posted on 
January 25, 2023
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Market Conditions

Why You Shouldn’t Fear Today’s Foreclosure Headlines

If you’ve seen recent headlines about foreclosures surging in the housing market, you’re certainly not alone. There’s no doubt, the <a href="https://www.simplifyingthemarket.com/2023/01/10/the-truth-about-negative-home-equity-headlines/?a=712644-838b6c55a1809c97da6d61c83d33dbdc">stories</a> in the media can be pretty confusing right now. They may even make you think twice about buying a home for fear that prices could crash. The reality is, the data shows a foreclosure crisis is not where the market is headed, and understanding what that really means is mission critical if you want to know the truth about what’s <a href="https://www.simplifyingthemarket.com/2023/01/11/todays-housing-market-is-nothing-like-15-years-ago/?a=712644-838b6c55a1809c97da6d61c83d33dbdc">happening today</a>. Here’s a deeper look.

Posted on 
January 25, 2023
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Market Conditions

The 3 Factors That Affect Home Affordability

If you’ve been following the housing market over the last couple of years, you’ve likely heard about growing affordability challenges. But according to <a href="https://www.simplifyingthemarket.com/2023/01/09/what-experts-are-saying-about-the-2023-housing-market/?a=712644-838b6c55a1809c97da6d61c83d33dbdc">experts</a>, the key factors that determine housing affordability are projected to improve this year. Selma Hepp, Executive, Deputy Chief Economist at <em>CoreLogic</em>, <a href="https://www.corelogic.com/intelligence/u-s-home-price-insights-january-2023/">shares</a>:

Posted on 
January 24, 2023
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Market Conditions

Want To Sell Your House? Price It Right.

Last year, the housing market slowed down in response to higher mortgage rates, and that had an impact on home prices. If you’re thinking of <a href="https://www.simplifyingthemarket.com/2023/01/05/3-best-practices-for-selling-your-house-this-year/?a=712644-838b6c55a1809c97da6d61c83d33dbdc">selling</a> your house soon, that means you’ll want to adjust your expectations accordingly. As <em>realtor.com</em> <a href="https://www.realtor.com/advice/sell/home-selling-rules-youve-heard-lately-that-you-might-want-to-break/">explains</a>:

Posted on 
January 23, 2023
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Market Conditions

Pre-Approval in 2023: What You Need To Know

One of the first steps in your <a href="https://www.simplifyingthemarket.com/2023/01/06/tips-to-reach-your-homebuying-goals-in-2023-infographic/?a=712644-838b6c55a1809c97da6d61c83d33dbdc">homebuying journey</a> is getting pre-approved. To understand why it’s such an important step, you need to understand what <a href="https://www.simplifyingthemarket.com/2022/12/26/financial-fundamentals-for-first-time-homebuyers/?a=712644-838b6c55a1809c97da6d61c83d33dbdc">pre-approval</a> is and what it does for you. <em>Business Insider </em><a href="https://www.businessinsider.com/personal-finance/mortgage-preapproval">explains</a>:

Posted on 
January 19, 2023
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Market Conditions

Have Home Values Hit Bottom?

Whether you’re already a homeowner or you’re looking to become one, the recent headlines about <a href="https://www.simplifyingthemarket.com/2022/12/12/what-every-seller-should-know-about-home-prices/?a=712644-838b6c55a1809c97da6d61c83d33dbdc">home prices</a> may leave you with more questions than answers. <a href="https://www.simplifyingthemarket.com/2022/12/27/confused-about-whats-going-on-in-the-housing-market-lean-on-a-professional/?a=712644-838b6c55a1809c97da6d61c83d33dbdc">News stories</a> are talking about home prices falling, and that’s raising concerns about a repeat of what happened to prices in the <a href="https://www.simplifyingthemarket.com/2023/01/11/todays-housing-market-is-nothing-like-15-years-ago/?a=712644-838b6c55a1809c97da6d61c83d33dbdc">crash in 2008</a>.

Posted on 
January 18, 2023
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Market Conditions

Think Twice Before Waiting for 3% Mortgage Rates

Last year, the <em>Federal Reserve</em> took action to try to bring down inflation. In response to those efforts, <a href="https://www.simplifyingthemarket.com/2022/12/21/what-to-expect-from-the-housing-market-in-2023/?a=712644-838b6c55a1809c97da6d61c83d33dbdc">mortgage rates</a> jumped up rapidly from the record lows we saw in 2021, peaking at just over 7% <a href="https://www.freddiemac.com/pmms/archive">last October</a>. Hopeful <a href="https://www.simplifyingthemarket.com/2023/01/04/avoid-the-rental-trap-in-2023/?a=712644-838b6c55a1809c97da6d61c83d33dbdc">buyers</a> experienced a hit to their purchasing power as a result, and some decided to press pause on their plans.

Posted on 
January 17, 2023
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Market Conditions

What Past Recessions Tell Us About the Housing Market

It doesn’t matter if you’re someone who closely follows the economy or not, chances are you’ve heard whispers of an upcoming recession. Economic conditions are determined by a broad range of factors, so rather than explaining them each in depth, let’s lean on the experts and what history tells us to see what could lie ahead. As Greg McBride, Chief Financial Analyst at <em>Bankrate</em>, <a href="https://www.bankrate.com/investing/stock-market-outlook-2023/">says</a>:

Posted on 
January 16, 2023
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Market Conditions

Is It Time To Sell Your Second Home?

During the pandemic, second homes became popular because of the rise in work-from-home flexibility. That’s because owning a second home, especially in the luxury market, allowed those homeowners to spend more time in their favorite places or with different home features. Keep in mind, a luxury home isn’t only defined by price. In a <a href="https://www.investopedia.com/articles/personal-finance/092414/investing-luxury-real-estate.asp">recent article</a>, <em>Investopedia </em>shares additional factors that push a home into this category: location, such as a home on the water or in a desirable city, and features, the things that make the home itself feel luxurious.

Posted on 
January 12, 2023
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Market Conditions

Today’s Housing Market Is Nothing Like 15 Years Ago

Today's housing market is very different than the frenzied one from the past couple of years. In the second half of 2022, there was a dramatic shift in real estate, and it caused many people to make comparisons to the 2008 housing crisis. While there may be a few similarities, when looking at key variables now compared to the last housing cycle, there are significant differences.

Posted on 
January 11, 2023
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Market Conditions

The Truth About Negative Home Equity Headlines

Home equity has been a hot topic in real estate news lately. And if you’ve been following along, you may have heard there’s a growing number of homeowners with negative equity. But don’t let those headlines scare you.

Posted on 
January 10, 2023
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Market Conditions

What Experts Are Saying About the 2023 Housing Market

If you’re thinking about buying or selling a home soon, you probably want to know what you can expect from the housing market this year.

Posted on 
January 9, 2023
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Market Conditions

3 Best Practices for Selling Your House This Year

A new year brings with it the opportunity for new experiences.

Posted on 
January 5, 2023
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Market Conditions

Avoid the Rental Trap in 2023

If you’re a renter, you likely face an important decision every year: renew your current lease, start a new one, or buy a home. This year is no different. But before you dive too deeply into your options, it helps to understand the true costs of renting moving forward.

Posted on 
January 4, 2023
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Market Conditions

Wondering How Much You Need To Save for a Down Payment?

If you’re getting ready to buy your first home, you’re likely focused on saving up for everything that purchase involves. One cost that’s likely top of mind is your down payment. But don't let a common misconception about how much you need to save make the process harder than it could be.

Posted on 
January 3, 2023
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Market Conditions

What Are Your Goals in the Housing Market This Year?

If buying or selling a home is part of your dreams for 2023, it’s essential for you to understand today’s housing market, define your goals, and work with industry experts to bring your homeownership vision for the new year into focus.

Posted on 
January 2, 2023
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Market Conditions

Here's to a Wonderful 2023!

<a href="https://files.simplifyingthemarket.com/wp-content/uploads/2022/12/22112505/New-Year-Holiday-MEM.jpg"><img class="aligncenter wp-image-47696" src="https://files.simplifyingthemarket.com/wp-content/uploads/2022/12/22112505/New-Year-Holiday-MEM.jpg" alt="Here's to a Wonderful 2023! | Simplifying The Market" width="650" height="650" /></a>

Posted on 
December 30, 2022
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Market Conditions

Applying For a Mortgage? Here’s What You Should Avoid Once You Do.

While it’s exciting to start thinking about moving in and decorating after you’ve applied for your mortgage, there are some key things to keep in mind before you close. Here’s a list of things you may not realize you need to avoid after applying for your home loan. Don’t Deposit Large Sums of Cash Lenders […]

Posted on 
December 28, 2022
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Market Conditions

Confused About What’s Going on in the Housing Market? Lean on a Professional.

If you’re thinking about buying or selling a home, you probably want to know what’s really happening with home prices, mortgage rates, housing supply, and more. That’s not an easy task considering how sensationalized headlines are today. Jay Thompson, Real Estate Industry Consultant, explains: “Housing market headlines are everywhere. Many are quite sensational, ending with […]

Posted on 
December 27, 2022
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Market Conditions

Financial Fundamentals for First-Time Homebuyers

Are you prepping to buy your first home? If so, one of the steps you should take early on is making sure you’re financially ready for your purchase. Here are just a few of the financial fundamentals you’ll need to focus on as you set out to buy a home. Build Your Credit Your credit […]

Posted on 
December 26, 2022
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Market Conditions

Thank You for All of Your Support

Posted on 
December 23, 2022
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Market Conditions

What Makes a House a Home?

There’s no denying the long-term financial benefits of owning a home, but today’s housing market may have you wondering if now’s still the time to buy. While the financial aspects of buying a home are important, the non-financial and emotional reasons are too. Home means something different to all of us. Whether it’s sharing memories […]

Posted on 
December 22, 2022
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Market Conditions

What To Expect From the Housing Market in 2023

The 2022 housing market has been defined by two key things: inflation and rapidly rising mortgage rates. And in many ways, it’s put the market into a reset position. As the Federal Reserve (the Fed) made moves this year to try to lower inflation, mortgage rates more than doubled – something that’s never happened before […]

Posted on 
December 21, 2022
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Market Conditions

Homeowners Still Have Positive Equity Gains over the Past 12 Months

If you’re a homeowner, your net worth got a big boost over the past few years thanks to rapidly rising home prices. Here’s how it happened and what it means for you, even as the market moderates. Equity is the current value of your home minus what you owe on the loan. Because there was […]

Posted on 
December 20, 2022
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Market Conditions

Mortgage Rates Are Dropping. What Does That Mean for You?

Mortgage rates have been a hot topic in the housing market over the past 12 months. Compared to the beginning of 2022, rates have risen dramatically. Now they’re dropping, and that has to do with everything happening in the economy. Nadia Evangelou, Senior Economist and Director of Forecasting at the National Association of Realtors (NAR), […]

Posted on 
December 19, 2022
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Market Conditions

Planning to Retire? It Could Be Time To Make a Move.

If you’re thinking about retirement or have already retired this year, you may be planning your next steps. One of your goals could be selling your house and finding a home that more closely fits your needs. Fortunately, you may be in a better position to make a move than you realize. Here are a […]

Posted on 
December 15, 2022
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Market Conditions

You May Have More Negotiation Power When You Buy a Home Today

Did the frequency and intensity of bidding wars over the past two years make you put your home search on hold? If so, you should know the hyper competitive market has cooled this year as buyer demand has moderated and housing supply has grown. Those two factors combined mean you may see less competition from […]

Posted on 
December 14, 2022
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Market Conditions

Ready To Sell? Today’s Housing Supply Gives You Two Opportunities.

At first glance, the increase in housing supply compared to last year may not sound like good news for prospective sellers, but it actually gives you two key opportunities in today’s housing market. An article from Calculated Risk helps put the inventory gains the market has seen in 2022 into perspective by comparing it to recent […]

Posted on 
December 13, 2022
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Market Conditions

What Every Seller Should Know About Home Prices

If you’re trying to decide whether or not to sell your house, recent headlines about home prices may be top of mind. And if those stories have you wondering what that means for your home’s value, here’s what you really need to know. What’s Really Happening with Home Prices? It’s possible you’ve seen news stories […]

Posted on 
December 12, 2022
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Market Conditions

Homeownership Is an Investment in Your Future

There are many people thinking about buying a home, but with everything affecting the economy, some are wondering if it’s a smart decision to buy now or if it makes more sense to wait it out. As Bob Broeksmit, President and CEO of the Mortgage Bankers Association (MBA), explains: “The desire for homeownership is strong. […]

Posted on 
December 8, 2022
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Market Conditions

Key Advantages of Buying a Home Today

There’s no doubt buying a home today is different than it was over the past couple of years, and the shift in the market has led to advantages for buyers today. Right now, there are specific reasons that make this housing market attractive for those who’ve thought about buying but have sidelined their search due […]

Posted on 
December 7, 2022
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Market Conditions

What’s Going on with Home Prices? Ask a Professional.

If you’re thinking about buying or selling a home this year, you may have questions about what’s happening with home prices today as the market cools. In the simplest sense, nationally, experts don’t expect prices to come crashing down, but the level of home price moderation will depend on factors like supply and demand in […]

Posted on 
December 6, 2022
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Market Conditions

Prioritizing Your Wants and Needs as a Homebuyer in Today’s Market

There’s no denying mortgage rates are higher now than they were last year. And if you’re thinking about buying a home, this may be top of mind for you. That’s because those higher rates impact how much it costs to borrow money for your home loan. As you set out to make a purchase this […]

Posted on 
December 5, 2022
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Market Conditions

What You Want To Know If You’re Pursuing Your Dream of Homeownership

If you’re a young adult, you may be thinking about your goals and priorities for the months and years ahead. And if homeownership ranks high on your goal sheet, you’re in good company. Many of your peers are also pursuing their dream of owning a home. The 2022 Millennial & Gen Z Borrower Sentiment Report […]

Posted on 
December 1, 2022
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Market Conditions

Why There Won’t Be a Flood of Foreclosures Coming to the Housing Market

With the rapid shift that’s happened in the housing market this year, some people are raising concerns that we’re destined for a repeat of the crash we saw in 2008. But in truth, there are many key differences between what’s happening today and the bubble in the early 2000s. One of the reasons this isn’t […]

Posted on 
November 30, 2022
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Market Conditions

3 Ways You Can Use Your Home Equity

If you’re a homeowner, odds are your equity has grown significantly over the last few years as home prices skyrocketed and you made your monthly mortgage payments. Home equity builds over time and can help you achieve certain goals. According to the latest Equity Insights Report from CoreLogic, the average borrower with a home loan has almost $300,000 in equity […]

Posted on 
November 29, 2022
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Market Conditions

Your House Could Be the #1 Item on a Homebuyer’s Wish List During the Holidays

Each year, homeowners planning to make a move are faced with a decision: sell their house during the holidays or wait. And others who have already listed their homes may think about removing their listings and waiting until the new year to go back on the market. The truth is many buyers want to purchase […]

Posted on 
November 28, 2022
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Market Conditions

Thank You for Your Support

Posted on 
November 24, 2022
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Market Conditions

What Buyers Need To Know About the Inventory of Homes Available for Sale

If you’re thinking about buying a home, you’re likely trying to juggle your needs, current mortgage rates, home prices, your schedule, and more to try to decide if you want to jump into the market. If this sounds like you, here’s one key factor that could help you with your decision: there are more homes for […]

Posted on 
November 23, 2022
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Market Conditions

What Homeowners Want To Know About Selling in Today’s Market

If you’re thinking about selling your house, you’re likely hearing about the cooling housing market and wondering what that means for you. While it’s not the peak intensity we saw during the pandemic, we’re still in a sellers’ market. That means you haven’t missed your window. Realtor.com explains: “. . . while prospective home sellers […]

Posted on 
November 22, 2022
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Market Conditions

Mortgage Rates Will Come Down, It’s Just a Matter of Time

This past year, rising mortgage rates have slowed the red-hot housing market. Over the past nine months, we’ve seen fewer homes sold than the previous month as home price growth has slowed. All of this is due to the fact that the average 30-year fixed mortgage rate has doubled this year, severely limiting homebuying power […]

Posted on 
November 21, 2022
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Market Conditions

More People Are Finding the Benefits of Multigenerational Households Today

If you’re thinking of buying a home and living with siblings, parents, or grandparents, then multigenerational living may be for you. The Pew Research Center defines a multigenerational household as a home with two or more adult generations. And the number of individuals choosing multigenerational living has increased over the past 50 years. As you […]

Posted on 
November 17, 2022
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Market Conditions

Top Questions About Selling Your Home This Winter

There’s no denying the housing market is undergoing a shift this season, and that may leave you with some questions about whether it still makes sense to sell your house. Here are three of the top questions you may be asking – and the data that helps answer them – so you can make a […]

Posted on 
November 16, 2022
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Market Conditions

Why It May Be Time To Add Newly Built Homes to Your Search

If you put a pause on your home search because you weren’t sure where you’d go once you sold your house, it might be a good time to get back into the market. If you’re willing to work with a trusted agent to consider a newly built home, you may have even more options and […]

Posted on 
November 15, 2022
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Market Conditions

Home Equity: A Source of Strength for Homeowners Today

Experts agree there’s no chance of a large-scale foreclosure crisis like we saw back in 2008, and that’s good news for the housing market. As Mark Fleming, Chief Economist at First American, says: “. . . don’t expect a housing bust like the mid-2000s, as lending standards in this housing cycle have been much tighter […]

Posted on 
November 14, 2022
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Market Conditions

VA Loans Can Help Veterans Achieve Their Dream of Homeownership

For over 78 years, Veterans Affairs (VA) home loans have provided millions of veterans with the opportunity to purchase homes of their own. If you or a loved one have served, it’s important to understand this program and its benefits. Here are some things you should know about VA loans before you start the homebuying […]

Posted on 
November 10, 2022
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Market Conditions

What’s Ahead for Mortgage Rates and Home Prices?

Now that the end of 2022 is within sight, you may be wondering what’s going to happen in the housing market next year and what that may mean if you’re thinking about buying a home. Here’s a look at the latest expert insights on both mortgage rates and home prices so you can make your […]

Posted on 
November 9, 2022
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Market Conditions

The Majority of Americans Still View Homeownership as the American Dream

Buying a home is a powerful decision, and it remains a key part of the American Dream. In fact, the 2022 Consumer Insights Report from Mynd found the majority of people polled still view homeownership as a key life achievement. Let’s explore just a few of the reasons why so many Americans continue to value […]

Posted on 
November 8, 2022
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Market Conditions

Key Factors Affecting Home Affordability Today

Every time there’s a news segment about the housing market, we hear about the affordability challenges buyers are facing today. Those headlines are focused on how much mortgage rates have climbed this year. And while it’s true rates have risen dramatically, it’s important to remember they aren’t the only factor in the affordability equation. Here […]

Posted on 
November 7, 2022
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Market Conditions

Do You Believe Homeownership Is Out of Reach? Maybe It Doesn’t Have To Be.

It turns out, millennials aren’t the renter generation after all. The 2022 Consumer Insights Report from Mynd says there’s a portion of millennial and Gen Z buyers who are pursuing homeownership as a way to build their wealth, but it may not be exactly the way previous generations have done it. The study explains how […]

Posted on 
November 3, 2022
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Market Conditions

Sell Your House Before the Holidays

As you look ahead to the winter season, you’re likely making plans and thinking about what you want to achieve before the year ends. One of those key decision points could be whether or not you want to move this year. If the location or size of your current home no longer meets your needs, […]

Posted on 
November 2, 2022
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Market Conditions

3 Trends That Are Good News for Today’s Homebuyers

While higher mortgage rates are creating affordability challenges for homebuyers this year, there is some good news for those people still looking to buy a home. As the market has cooled this year, some of the intensity buyers faced during the peak frenzy of the pandemic has cooled too. Here are just a few trends […]

Posted on 
November 1, 2022
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Market Conditions

Taking the Fear out of Saving for a Home

If you’re planning to buy a home, knowing what to budget for and how to save may sound scary at first. But it doesn’t have to be. One way to take the fear out of budgeting is understanding some of the costs you might encounter.  And to do that, turn to trusted real estate professionals. […]

Posted on 
October 31, 2022
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Market Conditions

Millennials Are Still a Driving Force of Today’s Buyer Demand

If you’re thinking about selling your house but wondering if buyers are still out there, know that there are still people who are searching for a home to buy today. And your house may be exactly what they’re looking for. While the millennial generation has been dubbed the renter generation, that namesake may not be […]

Posted on 
October 27, 2022
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Market Conditions

3 Graphs Showing Why Today’s Housing Market Isn’t Like 2008

With all the headlines and talk in the media about the shift in the housing market, you might be thinking this is a housing bubble. It’s only natural for those thoughts to creep in that make you think it could be a repeat of what took place in 2008. But the good news is, there’s […]

Posted on 
October 26, 2022
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Market Conditions

What Happens to Housing when There’s a Recession?

Since the 2008 housing bubble burst, the word recession strikes a stronger emotional chord than it ever did before. And while there’s some debate around whether we’re officially in a recession right now, the good news is experts say a recession today would likely be mild and the economy would rebound quickly. As the 2022 […]

Posted on 
October 25, 2022
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Market Conditions

Pre-Approval Is a Critical First Step on Your Homebuying Journey

If you’re planning to buy a home this year, one of the first steps on your journey is getting pre-approved. Especially in today’s market when mortgage rates are higher than they were just a few months ago, getting a mortgage pre-approval can be a game changer. Here’s why. What Is Pre-Approval? To better understand why […]

Posted on 
October 24, 2022
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Market Conditions

What’s Ahead for Home Prices?

As the housing market cools in response to the dramatic rise in mortgage rates, home price appreciation is cooling as well. And if you’re following along with headlines in the media, you’re probably seeing a wide range of opinions calling for everything from falling home prices to ongoing appreciation. But what’s true? What’s most likely […]

Posted on 
October 20, 2022
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Market Conditions

Should You Still Buy a Home with the Latest News About Inflation?

While the Federal Reserve is working hard to bring down inflation, the latest data shows the inflation rate is still high, remaining around 8%. This news impacted the stock market and added fuel to the fire for conversations about a recession. You’re likely feeling the impact in your day-to-day life as you watch the cost […]

Posted on 
October 19, 2022
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Market Conditions

The Latest on Supply and Demand in Housing

Over the past two years, the substantial imbalance of low housing supply and high buyer demand pushed home sales and buyer competition to new heights. But this year, things are shifting as supply and demand reach an inflection point. The graph below helps tell the story of just how different things are today. This year, […]

Posted on 
October 18, 2022
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Market Conditions

The Emotional and Non-financial Benefits of Homeownership

With higher mortgage rates, you might be wondering if now’s the best time to buy a home. While the financial aspects are important to consider, there are also powerful non-financial reasons it may make sense to make a move. Here are just a few of the benefits that come with homeownership. Homeowners Can Make Their […]

Posted on 
October 17, 2022
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Market Conditions

Perspective Matters When Selling Your House Today

Does the latest news about the housing market have you questioning your plans to sell your house? If so, perspective is key. Here are some of the ways a trusted real estate professional can explain the shift that’s happening today and why it’s still a sellers’ market even during the cooldown. Fewer Homes for Sale […]

Posted on 
October 13, 2022
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Market Conditions

Four Things That Help Determine Your Mortgage Rate

If you’re looking to buy a home, you probably want to secure the lowest interest rate possible for your home loan. Over the last couple of years, that was easier to do as the housing market saw record-low mortgage rates, but this year rates have risen dramatically. If you’re looking for ways to combat today’s […]

Posted on 
October 12, 2022
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Market Conditions

What Are Experts Saying About the Fall Housing Market?

The housing market is rapidly changing from the peak frenzy it saw over the past two years. That means you probably have questions about what your best move is if you’re thinking of buying or selling this fall. To help you make a confident decision, lean on the professionals for insights. Here are a few […]

Posted on 
October 11, 2022
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Market Conditions

Saving for a Down Payment? Here’s What You Should Know.

As you set out to buy a home, saving for a down payment is likely top of mind. But you may still have questions about the process, including how much to save and where to start. If that sounds like you, your down payment could be more in reach than you originally thought. Here’s why. […]

Posted on 
October 10, 2022
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Market Conditions

Two Questions Every Homebuyer Should Ask Themselves Right Now

Rising interest rates have begun to slow an overheated housing market as monthly mortgage payments have risen dramatically since the beginning of the year. This is leaving some people who want to purchase a home priced out of the market and others wondering if now is the time to buy one. But this rise in […]

Posted on 
October 6, 2022
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Market Conditions

The Long-Term Benefit of Homeownership

Today’s cooling housing market, the rise in mortgage rates, and mounting economic concerns have some people questioning: should I still buy a home this year? While it’s true this year has unique challenges for homebuyers, it’s important to factor the long-term benefits of homeownership into your decision. Consider this: if you know people who bought […]

Posted on 
October 5, 2022
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