Monday, September 2, 2024 / by Anna Meyer
If you’re thinking about downsizing, you may be hearing about 55+ communities and wondering if they’d be a good fit for you. Here’s some information that could help you make your decision.
What Is a 55+ Community?
It’s important to note that these communities aren’t just for people who need extra support – they can be pretty vibrant, too. Many people who are downsizing opt for this type of home because they’re looking to be surrounded by people in a similar season of life. U.S. News explains:
“The terms ‘55-plus community,’ ‘active adult community,’ ‘lifestyle communities’ and ‘planned communities’ refer to a setting that caters to the needs and preferences of adults over the age of 55. These communities are designed for seniors who are able to care for themselves but may be looking to downsize to a community with others their same age and with similar in. ...
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home prices, housing market, keeping current matters, real estate, jason gorman real estate team, housing inventory, home equity, housing supply, home seller, buyers, mortgage rates, spring market, sellers market, buying a home, first time home buyer, foreclosures, real estate investments, investing, inspection, inflation, 2024 real estate, student loans
Monday, August 19, 2024 / by Anna Meyer
If you’re thinking about buying or selling a home, you’ve probably got mortgage rates on your mind. That’s because you’ve likely heard that mortgage rates impact how much you can afford in your monthly mortgage payment, and you want to factor that into your planning. Here’s what you need to know.
What’s Happening with Mortgage Rates?
Mortgage rates have been trending down recently. While that’s good news for your homebuying plans, it’s important to know that rates can be unpredictable because they’re affected by many factors.
Things like the economy, job market, inflation, and decisions made by the Federal Reserve all play a part. So, even as rates go down, they can still bounce around a bit based on new economic data. As Odeta Kushi, Deputy Chief Economist at First American, says:
“The ongoing deceleration in inflation, coupled with the Federal Reserve’s recent indica. ...
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home prices, housing market, keeping current matters, real estate, jason gorman real estate team, housing inventory, home equity, housing supply, home seller, buyers, mortgage rates, spring market, sellers market, buying a home, first time home buyer, foreclosures, real estate investments, investing, inspection, inflation, 2024 real estate
Monday, July 1, 2024 / by Anna Meyer
You want your house to sell fast. And you may be wondering how long the whole process is going to take. One way to get your answer? Work with a local real estate agent.
They have the expertise to tell you how quickly homes are selling in your area and what’s impacting timelines for other sellers. That way you have realistic expectations and can work together to come up with a plan that’s based on today’s market.
Here’s a high-level overview of just one of the factors a great agent will walk you through – the supply of homes for sale and how that impacts your process.
The Growing Supply of Homes for Sale
Over the past few months, the number of homes for sale has increased. This is good news when you move because it means you’ll have more options as you search for your next home. But it also means buyers have more to choose from, so if your house doesn’t stand out – it may take . ...
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home prices, housing market, keeping current matters, real estate, jason gorman real estate team, housing inventory, home equity, housing supply, home seller, buyers, mortgage rates, spring market, sellers market, buying a home, first time home buyer, foreclosures, real estate investments, investing, inflation, inspection, 2024 real estate
Tuesday, June 18, 2024 / by Anna Meyer
Chances are you’re hearing a lot about mortgage rates right now. You may even see some headlines talking about last week’s Federal Reserve (the Fed) meeting and what it means for rates. But the Fed doesn’t determine mortgage rates, even if the headlines make it sound like they do.
The truth is, mortgage rates are impacted by a lot of factors: geo-political uncertainty, inflation and the economy, and more. And trying to pin down when all those factors will line up enough for rates to come down is tricky.
That’s why it’s generally not worth it to try to time the market. There’s too much at play that you can’t control. The best thing you can do is control the controllables.
And when it comes to rates, here’s what you can influence to make your moving plans a reality.
Your Credit Score
Credit scores can play a big role in your mortgage rate. As an article from CNET explains:
“You. ...
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home prices, housing market, keeping current matters, real estate, jason gorman real estate team, housing inventory, home equity, housing supply, home seller, buyers, mortgage rates, spring market, sellers market, buying a home, first time home buyer, foreclosures, real estate investments, investing, inflation, inspection
Tuesday, March 26, 2024 / by Anna Meyer
Some Highlights
Trying to buy your first home? If you’re worried about affordability today or the limited number of homes for sale, these tips can help.
Look into homebuyer programs, expand your search area, and consider a multi-generational home.
Let’s connect so you have an expert on your side to help you make your dream a reality. ...
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home prices, housing market, keeping current matters, real estate, jason gorman real estate team, housing inventory, home equity, housing supply, home seller, buyers, mortgage rates, spring market, sellers market, buying a home, first time home buyer, real estate investments, investing, inflation, inspection, 2024 real estate