Author Archives: luisreyes

Are you thinking about selling your house?

Based on the Primary Mortgage Market Survey from Freddie Mac, the average 30-year fixed-rate mortgage has increased by 1.2% (3.22% to 4.42%) since January of this year.

If you’re a first-time buyer looking to break into the housing market but struggling to find a home to buy, condominiums (or condos) could be a great alternative for you.

Some Highlights

• Due to low supply and high demand, today is one of the strongest sellers’ markets we’ve seen.
• Sellers can benefit from more offers to pick from, higher home values, and a faster sales process. There’s a reason why 72% of people believe it’s a good time to sell.
• Don’t miss out on this unique opportunity. Work with an agent to take advantage of this hot sellers’ market.

Since the number of homes for sale is low today, it can feel challenging to find one that checks all your boxes.

When it comes to buying a home, it can feel a bit intimidating to know how much you need to save and where to find that information.

If you’re thinking about buying or selling a home, you’ll want to keep a pulse on what’s happening with mortgage rates.

You can’t read an article about residential real estate without the author mentioning the affordability challenges that today’s buyers face.

If you’re thinking of buying a home today, you already know that the number of homes available for sale is low. But what does that really mean for you?

Some Highlights

• Knowing key housing terms and how they relate to today’s market is important. For example, when mortgage rates and home prices rise, it impacts how much home you can afford.
• Terms like appraisal (what lenders rely on to validate a home’s value) and the inspection contingency (which gives buyers essential information on a home’s condition) directly impact the transaction.
• Buying a home can be intimidating if you’re not familiar with the terms used throughout the process. Lean on a trusted advisor so you have an expert guide and advice for any questions that may come up.

If you’re thinking of selling your house this year, timing is crucial.

In today’s housing market, there are far more buyers looking for homes than sellers listing their houses.