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Friday, February 23, 2024   /   by Joyce Dungca

How Changing Mortgage Rates Impact You [INFOGRAPHIC]

Some Highlights

If you’re looking to buy a home, it’s important to know how mortgage rates impact what you can afford and how much you’ll pay each month.
That’s because even a small change in mortgage rates can have a big impact on your purchasing power.
The best way to navigate changing mortgage rates and make an informed buying decision is to rely on the expertise of a local real estate professional and mortgage lender. ...

  team raj jaggi, buyers, sellers, mortgage rates, real estate agents

Wednesday, February 21, 2024   /   by Joyce Dungca

Some Experts Say Mortgage Rates May Fall Below 6% Later This Year

There’s a lot of confusion in the market about what’s happening with day-to-day movement in mortgage rates right now, but here’s what you really need to know: compared to the near 8% peak last fall, mortgage rates have trended down overall.
And if you’re looking to buy or sell a home, this is a big deal. While they’re going to continue to bounce around a bit based on various economic drivers (like inflation and reactions to the consumer price index, or CPI), don’t let the short-term volatility distract you. The experts agree the overarching downward trend should continue this year.
While we won’t see the record-low rates homebuyers got during the pandemic, some experts think we should see rates dip below 6% later this year. As Dean Baker, Senior Economist, Center for Economic Research, says:
“They will almost certainly not fall to pandemic lows, although we may soon s. ...

  team raj jaggi, buyers, sellers, mortgage rates

Tuesday, February 20, 2024   /   by Joyce Dungca

Strategic Tips for Buying Your First Home

Buying your first home is a big, exciting step and a major milestone that has the power to improve your life. As a first-time homebuyer, it's a dream you can make come true, but there are some hurdles you'll need to overcome in today’s housing market – specifically the limited supply of homes for sale and ongoing affordability challenges.
So, if you're ready, willing, and able to buy your first home, here are three tips to help you turn your dream into a reality.
Save Money with First-Time Homebuyer Programs                                       
Paying the initial costs of homeownership, like your down payment and closing costs, can feel a bit daunting. But there are many assistance programs for first-time homebuyers t. ...

  buyers, first-time home buyers, homes for sale, affordability, first home

Friday, February 16, 2024   /   by Joyce Dungca

Achieve Your Dream of Homeownership with Condos and Townhomes

Some Highlights

If you’re trying to buy a home but are having a hard time finding something in your budget, here’s something that can help: consider condos and townhomes.
They may better fit your budget, can help you start building equity, and tend to require minimal upkeep and less maintenance.
Looking at condos and townhomes can make it easier to find and buy a home. When you're ready, let’s connect. ...

  buyers, home owners, home buyers, home buying

Thursday, February 15, 2024   /   by Joyce Dungca

Don’t Let the Latest Home Price Headlines Confuse You

Based on what you’re hearing in the news about home prices, you may be worried they’re falling. But here’s the thing. The headlines aren’t giving you the full picture.
If you look at the national data for 2023, home prices actually showed positive growth for the year. While this varies by market, and while there were some months with slight declines nationally, those were the exception, not the rule.
The overarching story is that prices went up last year, not down. Let’s dive into the data to set the record straight. 
2023 Was the Return to More Normal Home Price Growth
If anything, last year marked a return to more normal home price appreciation. To prove it, here’s what usually happens in residential real estate.
In the housing market, there are predictable ebbs and flows that take place each year. It’s called seasonality. It goes like this. Spring is the peak homebuying season when the market is . ...

  buyers, housing market, home prices, headlines