Monday, July 25, 2022 / by Stan Rector
Over the last two years, the rate of home prices appreciated at a dramatic pace. While that led to incredible equity gains for homeowners, it’s also caused some buyers to wonder if home prices will fall. It’s important to know the housing market isn’t a bubble about to burst, and home price growth is supported by strong market fundamentals.
To understand why price declines are unlikely, it’s important to explore what caused home prices to rise so much recently, and where experts say home prices are headed. Here’s what you need to know.
Home Prices Rose Significantly in Recent Years
The graph below uses the latest data from CoreLogic to illustrate the rise in home prices over the past year and a half. The gray bars represent the dramatic increase in the rate of home price appreciation in 2021. The blue bars show home prices are still rising in 2022, but not as quickly:
You might be asking: why did home prices c ...
Tuesday, April 5, 2022 / by Stan Rector
As the spring housing market kicks off, you likely want to know what you can expect this season when it comes to buying or selling a house. While there are multiple factors causing some uncertainty, including the conflict overseas, rising inflation, and the first rate increase from the Federal Reserve in over three years — the housing market seems to be relatively immune.
Here’s a look at what experts say you can expect this spring:
1. Mortgage Rates Will Climb
Freddie Mac reports the 30-year fixed mortgage rate has increased by more than a full point in the past six months. And despite some mild fluctuation in recent weeks, experts believe rates will continue to edge up over the next 90 days. As Freddie Mac says:
“The Federal Reserve raising short-term rates and signaling further increases means mortgage rates should continue to rise over the course of the year.”
If you&rs ...
Friday, February 25, 2022 / by Stan Rector
Holding off your home sale until spring? Although winter homebuyers are out in droves, the spring market should prove to be even better.
Although spring is right around the corner, you still have some time to knock out at least one of the more time-consuming projects. That weekend Netflix binge will wait, so let’s get started on the house.
Set the stage
Staging a home for sale can get expensive, but it doesn’t have to. The first step in staging is to clean each room from top to bottom.
Then, go through each room and ensure that they advertise their purpose. Bedrooms should look like bedrooms and not bedroom-gym hybrids. The same goes for living rooms: No living room/kids playroom fusions.
What happens when you try to multi-purpose a room is that the home gives the impression that it’s cluttered and cramped. “There’s not enough room,” is definitely not the impression you want potential buyers to walk away with.
Curb appeal is what ge; ...
Monday, February 21, 2022 / by Stan Rector
If you’re adding to your family this year, congratulations! It’s an exciting time with lots to look forward to.
As in other areas of the home, baby nursery décor preferences change, and each year, it’s out with the old and in with the new.
We’ve scoured the internet to learn from design experts what you can expect to see when you shop to outfit your baby’s room.
Going with a theme?
Look to the night sky for inspiration for a theme in the nursery. According to Rated People’s Nursery Trends Report, stars are all the rage in the 2022 nursery.
You’ll find star-themed nursery ideas on Pinterest.com.
Woodland-themed nurseries are popular this year as well, with “… rainbows, sunshine, and forests” following close behind, according to the folks at ratedpeople.com.
Check out baby nursery color trends.
Wall color sets the stage for the rest of your design choices when decorating any room.. ...