Monthly Archives: July 2022

Over the past few weeks, the average 30-year fixed mortgage rate from Freddie Mac fell by half a percent.

The housing market is at a turning point, and if you’re thinking of buying or selling a home, that may leave you wondering: is it still a good time to buy a home?

If you’ve been thinking about buying a home, you likely have one question on the top of your mind: should I buy right now, or should I wait?

With so much talk about an economic slowdown, some people are asking if the housing market is heading for a crash like the one in 2008.

Some Highlights

• It’s worth considering the many benefits of homeownership before you make the decision to rent or buy a home.
• When you buy, you can stabilize your housing costs, own a tangible asset, and grow your net worth as you gain equity. When you rent, you face rising housing costs, won’t see a return on your investment, and limit your ability to save.
• If you want to learn more about the benefits of homeownership, reach out to a real estate professional today.

It’s true that record levels of home price appreciation have spurred significant equity gains for homeowners over the past few years.

According to a recent survey, more and more Americans are concerned about a possible recession.

Some Highlights

• According to the latest data from CoreLogic, the average homeowner gained $64,000 in home equity over the past 12 months.
• That much equity can be a game-changer when you move. When you sell, it could be some (if not all) of what you need for a down payment on your next home.
• To find out how much equity you have in your home and how you can use it, reach out to a local real estate professional.