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Student Loans | Gorman's Gazette Blog

Tuesday, September 26, 2023   /   by Janelle Flay

Remote Work Is Changing How Some Buyers Search for Their Dream Homes

Remote Work Is Changing How Some Buyers Search for Their Dream Homes

The way Americans work has changed in recent years, and remote work is at the forefront of this shift. Experts say it’ll continue to be popular for years to come and project that 36.2 million Americans will be working remotely by 2025. To give you some perspective, that's a 417% increase compared to the pre-pandemic years when there were just 7 million remote workers.

If you’re in the market to buy a home and you work remotely either full or part-time, this trend is a game-changer. It can help you overcome some of today’s affordability and housing inventory challenges.

How Remote Work Helps with Affordability

Remote or hybrid work allows you to change how you approach your home search. Since you’re no longer commuting every day, you may not feel it’s as essential to live near your office. If you’re willing to move a bit f. ...

  home prices, housing market, keeping current matters, real estate, jason gorman real estate team, home equity, housing inventory, housing supply, spring market, mortgage rates, buyers, sellers market, buying a home, first time home buyer, investing, real estate investments, student loans, inspection, 2023 real estate

Friday, May 12, 2023   /   by Janelle Flay

The Best Time To Sell Your House Is When Others Aren’t Selling

The Best Time To Sell Your House Is When Others Aren’t Selling


If you’re thinking about selling your house, you should know the number of homes for sale right now is low. That’s because, this season, there are fewer sellers listing their houses for sale than the norm.
Looking back at every April since 2017, the only year when fewer sellers listed their homes was in April 2020, when the pandemic hit and stalled the housing market (shown in red in the graph below). In more typical years, roughly 500,000 sellers add their homes to the market in April. This year, we saw fewer than 400,000 sellers entering the market in April (see graph below):
While there are a number of factors contributing to this trend, one thing keeping inventory low right now is that some homeowners are reluctant to move when the mortgage rate they have on their current house is lower than the one they could get today on their next house. It’s called rate lock.
As a recent survey from R. ...

  housing market, keeping current matters, real estate, jason gorman real estate team, spring market, housing inventory, home seller, housing supply, sellers market, student loans, 2023 real estate

Friday, April 21, 2023   /   by Louetta Larson

Think Twice Before Waiting for Lower Home Prices

Think Twice Before Waiting for Lower Home Prices


As the housing market continues to change, you may be wondering where it’ll go from here. One factor you’re probably thinking about is home prices, which have come down a bit since they peaked last June. And you’ve likely heard something in the news or on social media about a price crash on the horizon. As a result, you may be holding off on buying a home until prices drop significantly. But that’s not the best strategy.
A recent survey from Zonda shows 53% of millennials are still renting right now because they’re waiting for home prices to come down. But here’s the thing: the most recent data shows that home prices appear to have bottomed out and are now on the rise again. Selma Hepp, Chief Economist at CoreLogic, reports:
“U.S. home prices rose by 0.8% in February . . . indicating that prices in most markets have already bottomed out.”
And the latest data from Black Knight shows . ...

  home prices, housing market, keeping current matters, real estate, jason gorman real estate team, home equity, spring market, housing inventory, home seller, housing supply, mortgage rates, foreclosures, buyers, sellers market, buying a home, first time home buyer, inflation, investing, real estate investments, student loans, inspection, 2023 real estate

Tuesday, October 11, 2022   /   by Louetta Larson

Two Questions Every Homebuyer Should Ask Themselves Right Now

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 borrowing cost shows no signs of letting up soon.

Economic uncertainty and the volatility of the financial markets are causing mortgage rates to rise. George Ratiu, Senior Economist and Manager of Economic Research at realtor.com, says this:


“While even two months ago rates above 7% may have seemed unthinkable, at the current pace, we can expect rates to surpass that level in the next three months.”

So, is now the right time to buy a home? Anyone thinking about buying a home today should ask themselves two questions:

1. Where Do I Think Home Prices Are Heading ...

  home prices, housing market, 2022, keeping current matters, real estate, jason gorman real estate team, home equity, spring market, housing inventory, home seller, housing supply, mortgage rates, foreclosures, buyers, sellers market, buying a home, first time home buyer, inflation, investing, real estate investments, student loans, inspection

Thursday, October 6, 2022   /   by Louetta Larson

Four Things That Help Determine Your Mortgage Rate

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 higher rates and lock in the lowest one you can, here are a few factors to focus on. Since approval opportunities can vary, connect with a trusted lender for customized advice.

Your Credit Score

Credit scores can play a big role in your mortgage rate. Freddie Mac explains:


“When you build and maintain strong credit, mortgage lenders have greater confidence when qualifying you for a mortgage because they see that you’ve paid back your loans as agreed and used your credit wisely. Strong credit also means your lender is more apt to approve you fo ...

  home prices, housing market, 2022, keeping current matters, real estate, jason gorman real estate team, home equity, spring market, housing inventory, home seller, housing supply, mortgage rates, foreclosures, buyers, sellers market, buying a home, first time home buyer, inflation, investing, real estate investments, student loans, inspection

Jason Gorman Real Estate Team Keller Williams Premier Realty
Jason Gorman
635 Bielenberg Dr. Ste 100
Woodbury, MN 55125
651-735-7653

The data relating to real estate for sale on this web site comes in part from the Broker Keller Williams Premier Realty of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Lakes Area Realty are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.” Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.” Copyright2024Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. Data last updated February 29, 2024
The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Regional Multiple Listing Service of Minnesota, Inc. Real Estate listings held by brokerage firms other than Jason Gorman - Jason Gorman Real Estate Team / Keller Williams Premier Realty are marked with the Broker ReciprocitySM logo or the Broker Reciprocity and detailed information about them includes the name of the listing brokers. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Copyright2024Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. Data last updated February 29, 2024
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