The graph below uses data from the Census to show the trend of new-home completions over time, including the long-term average for the number of finished housing units (shown in black on the graph):
If you’re in the process of looking for …
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If you’re thinking about buying a home, you should know your credit score’s a critical piece of the puzzle when it comes to qualifying for a home loan. Lenders review your credit to assess your ability to make payments …
When you look at the numbers today, the one thing that stands out is the strength of this housing market. We can see this is one of the most foundationally strong housing markets of our lifetime – if not the strongest housing …
View MoreToday’s mortgage rates are top-of-mind for many homebuyers right now. As a result, if you’re thinking about buying for the first time or selling your current house to move into a home that better fits your needs, you may be asking yourself these two questions:
If you’re trying to decide if now’s the time to sell your house, here’s what you should know. The limited number of homes available right now gives you a big advantage. That’s because there are more buyers out there than there are homes for sale. …
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Appraisals have always been an important part of the homebuying process but have often been considered more of a behind-the-scenes formality. Today, however, appraisals are a front-and-center issue.
A lender orders an appraisal during the mortgage approval to confirm that a home …
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After a turbulent 2022, mortgage interest rates have been relatively stable this year, with the average 30-year fixed rate largely treading in a half-point range between 6.25% and 6.75%. And, while hyperbole is likely to dominate the headlines over the next few weeks …
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There’s been some concern lately that the housing market is headed for a crash. And given some of the affordability challenges in the housing market, along with a lot of recession talk in the media, it’s easy enough to understand why that worry has …
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