Thinking about selling your house?

The spring season appears to be warming up in housing as more and more buyers enter the market. 

• Buying a home is a major way to build wealth and gain financial stability.
• That’s why, across different income levels, the largest part of most homeowners’ net worth is their equity.

We’re still in a sellers’ market.

There have been a lot of shifts in the housing market recently.

Wondering if you should sell your house this year? 

The 30-year fixed mortgage rate has been bouncing between 6% and 7% this year.

• If you’re thinking about buying a home, be sure to plan for closing costs.
• Closing costs are typically 2% to 5% of the total purchase price of a home, and they can include things like government recording costs, appraisal fees, and more.

Even though activity in the housing market has slowed from the frenzy we saw over a year ago, today’s low supply of homes for sale is still a sellers’ market.

Spring has arrived, and that means more and more people are getting their homes ready to sell.

Throughout Women’s History Month, we reflect on the impact women have in our lives, and that includes impact on the housing market. 

If you’re thinking about selling this spring, it’s time to get moving – the best week to list your house is fast approaching. 

• If you’re on the fence about selling your house, it’s worth considering all the reasons why moving could make sense for you.
• If you find your home no longer meets your needs, it may be time to sell.

If you’re thinking about buying a home, you want to know the decision will be a good one. 

Are you having trouble finding a home that fits your needs and your budget? 

Once you’ve made the decision to sell your house and have hired a real estate agent to help, they’ll ask how much access to your home you want to give potential buyers.

Over the past year, home prices have been a widely debated topic. 

Some Highlights

• Today’s housing market is different than it was in 2008.
• Lending standards have tightened, foreclosures have declined, home inventory is much lower, and homeowners have far more equity.

Though the housing market is no longer experiencing the frenzy of a year ago, buyers are showing their interest in purchasing a home. 

Though there are more homes for sale now than there were at this time last year, there’s still an undersupply with fewer houses available than in more normal, pre-pandemic years.

The housing market has been going through shifts lately.