EXIT Realty Premier Blog

 

Is the Housing Market Correcting? If you’re following the news, all of the headlines about conditions in the current housing market may leave you with more questions than answers. Is the boom over? Is the market crashing or correcting? Here’s what you need to know. The housing market is moderating compared to the last two years, but what everyone needs to remember is that the past two years were record-breaking in nearly every way. Record-low mortgage rates and millennials reaching pe...

Some Highlights

• June is National Homeownership Month, and it’s a great time to consider the benefits of owning your own home.
• If you’re considering homeownership, know that it can give you privacy, comfort, and a place to express yourself. It can also provide financial stability and help you grow your net worth.
• Are you ready to experience all the great benefits that come from purchasing a home? Let’s connect to begin the process today.

Thinking of buying or selling a Long Island home?

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¿Vienen más casas al mercado?

Según una encuesta reciente de la Asociación Nacional de Realtors (NAR por sus siglas en inglés), uno de los principales desafíos que enfrentan los compradores en el mercado actual de la vivienda es encontrar una casa que satisfaga sus necesidades. Eso se debe en gran parte a que el inventario de casas en venta es muy bajo.

Si está buscando comprar una casa, es posible que lo haya notado usted mismo. Pero hay buenas noticias. Datos recientes muestran que más ven...

Are There More Homes Coming to the Market?

According to a recent survey from the National Association of Realtors (NAR), one of the top challenges buyers face in today’s housing market is finding a home that meets their needs. That’s largely because the inventory of homes for sale is so low today.

If you’re looking to buy a home, you may have noticed this yourself. But there is good news. Recent data shows more sellers are listing their houses this season, which may give you more options fo...

What You Actually Need To Know About the Number of Foreclosures in Today’s Housing Market

While you may have seen recent stories about the volume of foreclosures today, context is important. During the pandemic, many homeowners were able to pause their mortgage payments using the forbearance program. The goal was to help homeowners financially during the uncertainty created by the health crisis.

When the forbearance program began, many experts were concerned it would result in a wave of for...

 

Will Home Prices Fall This Year? Here’s What Experts Say. Many people are wondering: will home prices fall this year? Whether you’re a potential homebuyer, seller, or both, the answer to this question matters for you. Let’s break down what’s happening with home prices, where experts say they’re headed, and how this impacts your homeownership goals. What’s Happening with Home Prices?  Home prices have seen 121 consecutive months of year-over-year increases. CoreLogic says: “Price appr...

 

How Today’s Mortgage Rates Impact Your Home Purchase If you’re planning to buy a home, it’s critical to understand the relationship between mortgage rates and your purchasing power. Purchasing power is the amount of home you can afford to buy that’s within your financial reach. Mortgage rates directly impact the monthly payment you’ll have on the home you purchase. So, when rates rise, so does the monthly payment you’re able to lock in on your home loan. In a rising-rate environment l...