Key Takeaways: Despite home sales normally falling off after spring and summer, this winter might see an increase in numbers. After spending much more time at home during the pandemic, buyers are more in tune with what they want and what doesn’t work for them. No matter what you wish for in your new home, […]
Tag Archives: home buyers
Understanding the Basics of the Mortgage Rate Increases
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 […]
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 […]
Surging Home Values Still Allow for Affordable Homes
Key points: The current housing market is heavily geared towards sellers, and high demand for homes can lead to competitive prices for home buyers. Historically low mortgage rates are contributing to the affordability of today’s homes because homeowners will pay thousands less in interest over the lifespan of their loan. Want to take advantage of […]
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 […]
Homebuyer Demand Has Surged Since Last Year
Although things haven’t quite returned to normal here in Pittsburgh and across the nation, buyer activity has still surged since the beginning of the year. Record-low interest rates have helped to boost market momentum all the way into fall, but many are wondering if this trend is here to stay. Here’s everything you need to […]
Why Every Buyer Should Get Pre-Approved Before Searching for Homes
You may have heard that getting pre-approved for a mortgage is the most important step you can take before buying a home. But unless you’ve done your research, you probably aren’t aware of all the amazing benefits that come with having a pre-approval letter in hand. Why You Shouldn’t Skip Getting Pre-Approved for Your Mortgage […]
Here’s What Every First-Time Homebuyer Needs to Know Before Making a Move
Here in Pittsburgh and across the nation, we’re seeing a huge spike in first-time homeownership. According to a recent study by the National Association of Realtors (NAR), first-time homebuyers accounted for 35% of the existing homes that were sold in June, a trend that’s been building steadily throughout the year. Are you thinking about buying […]
How Buyers Can Compete in Pittsburgh’s Hot Summer Market
The weather is getting hotter, which means more homes are finally hitting the market here in Pittsburgh! Although the ongoing pandemic halted our busy spring selling season, we’ve seen more and more new listings throughout the summer, which is good news for anyone looking to make a move. However, as home prices continue to rise […]