What Does a Realtor Do for the Homebuyer?

Realtor working with new homebuyer

Prospective homebuyers who begin their search without enlisting the knowledge and experience of a professional Realtor to represent them will miss out on a range of resources that can help them make an informed decision. Realtors add insight into the current market conditions and a real-time understanding of each neighborhood’s current conditions and characteristics. A…

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What Does a Realtor Do for the Home Seller?

Realtors sell homes

Just about anyone who has ever sold a home with the help of a knowledgeable Realtor appreciates the role they played in counseling, guiding, advising, and managing the process. Roles of a Professional Realtor When Selling a Home Once a home seller connects with a knowledgeable Realtor to market and sell a home, they have…

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What is a Mortgage?

Home mortgage basics

Unless homebuyers pay cash for the total price of a home, they are likely to borrow at least some of the money needed to make the purchase. Lenders offer a broad array of secured loans, known as mortgages, to help buyers realize their dream. A mortgage is a loan used to purchase real estate, a…

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Pros and Cons of Paying Off a Mortgage Early

Discover the pros and cons of paying off a mortgage early.

Soon after signing mortgage loan documents that lock in a 15- or 30-year debt, homeowners dream about paying off the debt early to get rid of the monthly burden. But, even if you could pay the mortgage off early, is it a good idea? When Considering Paying Off a Mortgage Early Paying off a mortgage…

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Is Working from Home Changing Homebuyer Needs?

Is Working from Home Changing Homebuyer Needs?

Working remotely has changed how Americans spend their time at home. The home office has taken on new meaning, and homeowners are no longer looking for a house with a room like the kitchen or den that can double as a home office. Spending extra time at home and the desire for more space, both…

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Median Home Prices and Mortgage Rates Climb [Infographic]

March Housing Market Report

Highlights The March national median listing home price was over $400,000, an all-time high and an increase of 13.5% over March 2021 prices. Rising interest rates are moderating the demand for homes. As a result, mortgage applications are down 40% from March 2021. Home sellers are seeing a softening market. The share of homes for…

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January Housing Market Report

January 2022 National Housing Market Report

Nationally, the number of homes listed in January was 326,312, down an average of 9.1% compared to January 2021. However, homes continue to sell at a rapid pace. The typical home spent 61 days on the market in January, ten days less than in January 2021, and more quickly than any January going back to…

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Housing Market Report: December 2021

National Housing Market Report

The December national indicators showed improving overall housing market activity. Looming interest rate hikes prompted homebuyers to lock in mortgage rates during a typically slower time of the year. The total number of unsold homes nationwide is down 16.1% from December 2020. This is a minor improvement from November’s 16.2% decline as the inventory share…

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Housing Market Report: November 2021

National housing market indicators available as of November showed overall improvement. While home values are trending upward in most larger markets, the inventory is trending down, suggesting the winter months will be a more competitive market in many areas of the country. Due to the inventory shortage, many homeowners have been reluctant to put their…

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