by Stig Bergquist | Sep 17, 2023 | Advice For Buyers, Budget Statistics, Down Payments, First Time Home Buyers, Home Buyers, Home Buying
Programs: So, you’ve got your eyes set on owning a house, but the big bad down payment is standing in your way. You’ve probably heard that banks usually want a hefty 20% of the home’s price upfront. Anything less, and you’ll likely end up shelling out for private...
by Stig Bergquist | Aug 17, 2023 | Advice for Homeowners, Budget Statistics, Buying a Home, Covid-19, Interest Rates, Mortgage Rates
The recent surge in mortgage rates has created what’s being called the “golden handcuff effect” for homeowners. Like financial incentives employers offer to keep employees from leaving, low mortgage rates have made many homeowners feel “locked in” to their existing...
by Stig Bergquist | May 17, 2023 | Advice for Buyers and Sellers, Budget Statistics, Housing Market Updates, Interest Rates, Market Updates
The current higher interest rate environment in the United States is having an impact on the housing market. Due to the Federal Reserve’s monetary policy changes implemented in March 2022 to curb inflation, interest rates have increased, which has led to higher...
by Stig Bergquist | Apr 11, 2023 | Advice For Buyers, Budget Statistics, Home Buying, Housing Market Updates
Buying a home can be a thrilling experience, but it can also be overwhelming, especially for first-time homebuyers. With so many factors to consider, it’s important to have all the necessary information before making such a significant investment. To help you out,...
by Stig Bergquist | Apr 11, 2023 | Advice for Buyers and Sellers, Budget Statistics, Housing Market Updates
The US housing market has been through a tough time over the last few years. Interest rates have been high, causing residential investment to contract for seven straight quarters. This has been the longest such streak since the collapse of the housing bubble caused by...
by Stig Bergquist | Mar 9, 2023 | Budget Statistics, Building Costs, Economic Factors, Elegant Designs, Home Improvement, Home Value, Homebuilding
Hey there, folks! We all know that home designs must keep up with the times, and this year promises to bring some exciting new trends that could change how we think about residential construction. Let’s ta what’s hot in the world of home construction for 2023. Supply...
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