Key Takeaways: When the 10-year US Treasury yield rate jumps, expect the mortgage rate to jump as well. There are many factors that impact how mortgage rates fluctuate, such as inflation, employment rate, and economic growth. Learning about current and predicted mortgage rate trends can be useful in your hunt for a new home—let the […]
Category Archives: Pittsburgh Home Buyers
Navigating Negotiations in Today’s Market
Key takeaways: There is a very strong demand for homes right now, as there are more buyers in the market than homes are available. So, how does a seller get the most bang for their buck while not overpricing their home? The Jim Dolanch Team has many years of experience in negotiating competitive prices for […]
Putting 20% Down Doesn’t Mean What It Used To
Key Takeaways: Many home buyers are under the impression that they have to have a 20% down payment to purchase a home. Statistics actually show that recent homebuyers have been putting down less than 20% for a down payment and are still able to buy the home of their dreams. Don’t let the myth of […]
Appraisal or Home Inspection—Do You Really Need Both?
Key takeaways: A potential buyer should get both an appraisal and inspection in order to ensure they are paying the correct price for their potential home. An appraisal represents the value of the home, whereas an inspection evaluates the home’s overall condition. Want an expert’s help in determining what to offer for your dream home? […]
Spring Into Action if You Are Ready to Move
Key points: Considering moving this year but not sure if you want to move in the winter? Here is why now is the perfect time to buy a home! Historic mortgage rates, high appreciation in homes, and elevated buyer demand allow sellers and buyers alike to succeed in today’s market. Interested in moving and ready […]
What to Do When You’ve Outgrown Your Home
Equity Increases for Homeowners Nationwide
Key takeaways: The average homeowner saw an increase of around $17,000 in equity over the last 12 months. In total, U.S. homeowners with mortgages have gained a total of $1 trillion in equity since the third quarter of 2019. Thanks to a 10.8% increase in equity over the last year, the average American household that […]
Why Now Is a Great Time to Buy a House
Key Takeaways: From a financial perspective, now is a great time to buy a house, especially as mortgage rates hover at an all-time low. Investing in real estate can increase your wealth even if the economy is in a recession. Do you still have questions about investing during a recession? We’d be happy to give […]
5 Ways to Make Your Offer More Competitive
Today’s home buyers are navigating a market that’s more competitive than ever thanks to low inventory and high demand. With so many buyers competing for a limited number of homes, it’s more important than ever to know the ins and outs of making a successful offer. Don’t lose out on your next dream home! Get […]
Why Homeownership Is Key to Building Wealth
Key Points: A primary home accounts for 90% of the total wealth of a family in the United States. Because real estate typically increases in value over time, owning a home is considered one of the soundest investments you can make. If you’re a first-time buyer, homeownership will always be a great opportunity to build […]