Housing Market Updates Archives | Page 3 of 4

What Happens When Homeowners Leave Their Forbearance Plans?

Forebearance, Forebearance, Housing Market Updates, Plano, Real Estate Market, Sell My Home / By Heidi Tallos

According to the latest report from Black Knight, Inc., a well-respected provider of data and analytics for mortgage companies, 6.48 million households have entered a forbearance plan as a result of financial concerns brought on by the COVID-19 pandemic. Here’s where these homeowners stand right now: 2,543,000 (39%) are current on their payments and have left the program […]

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What’s the Difference between an Appraisal and a Home Inspection?

First Time Home Buyers, Housing Market Updates, Mortgage, Real Estate Market, Sell My Home, Selling Your Home / By Heidi Tallos

If you’re planning to buy a home, an appraisal is an important step in the process. It’s a professional evaluation of the market value of the home you’d like to buy. In most cases, an appraisal is ordered by the lender to confirm or verify the value of the home prior to lending a buyer money for the purchase.

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Why Moving May Be Just the Boost You Need

Buyers, First Time Home Buyers, Housing Market Updates, Mortgage, Plano / By Heidi Tallos

As we look back over the past year, we’ve certainly lived through one of the most stressful periods in recent history. After spending so much more time at home throughout the health crisis, some are wondering if they should move to improve their mental health and well-being. This is no surprise since the U.S. Census Bureau reported

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Owning a Home Is Still More Affordable Than Renting One

Buyers, First Time Home Buyers, Housing Market Updates, Leasing or Renting, Plano, Real Estate Market / By Heidi Tallos

If spending more time at home over the past year is making you really think hard about buying a home instead of renting one, you’re not alone. You may be wondering, however, if the dollars and cents add up in your favor as home prices continue to rise. According to the experts, in many cases, it’s still more affordable

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Should I Wait for Lower Mortgage Interest Rates?

Buyers, Housing Market Updates, Mortgage, Plano, Real Estate Market / By Heidi Tallos

Historically low mortgage rates are a big motivator for homebuyers right now. In 2020 alone, rates hit new record-lows 16 times, and the trend continued into the early part of this year. Many hopeful homebuyers are now wondering if they should put their plans on hold and wait for the lowest rates imaginable. However, the reality is,

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How to Make the Dream of Homeownership a Reality This Year

Buyers, First Time Home Buyers, Housing Market Updates, Real Estate Market / By Heidi Tallos

In 1963, Martin Luther King, Jr. inspired a powerful movement with his famous “I Have a Dream” speech. Through his passion and determination, he sparked interest, ambition, and courage in his audience. Today, reflecting on his message encourages many of us to think about our own dreams, goals, beliefs, and aspirations. For many Americans, one

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Why Right Now May Be the Time to Sell Your House

For Sale By Owner (FSBO), Housing Market Updates, Real Estate Market, Sell My Home, Selling Your Home / By Heidi Tallos

The housing market made an incredible recovery in 2020 and is now positioned for an even stronger year in 2021. Record-low mortgage interest rates are a driving factor in this continued momentum, with average rates hovering at historic all-time lows. According to the latest Realtors Confidence Index Survey from the National Association of Realtors (NAR), buyer demand across the country is incredibly strong.

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Will Forbearance Plans Lead to a Tsunami of Foreclosures?

For Sale By Owner (FSBO), Forebearance, Forebearance, Housing Market Updates, Housing Market Updates, Mortgage, Plano, Real Estate Market, Sell My Home, Selling Your Home / By Heidi Tallos

At the onset of the economic disruptions caused by the COVID pandemic, the government quickly put into place forbearance plans to allow homeowners to remain in their homes without making their monthly mortgage payments. Today, almost three million households are actively in a forbearance plan. Though 29.4% of those in forbearance have continued to stay current on

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What Does 2021 Have in Store for Home Values?

Buyers, First Time Home Buyers, Housing Market Updates, Plano, Real Estate Market, Sell My Home, Selling Your Home / By Heidi Tallos

According to the latest CoreLogic Home Price Insights Report, nationwide home values increased by 8.2% over the last twelve months. The dramatic rise was brought about as the inventory of homes for sale reached historic lows at the same time buyer demand was buoyed by record-low mortgage rates. As CoreLogic explained: “Home price growth remained consistently elevated throughout 2020. Home sales

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The Importance of Home Equity in Building Wealth

For Sale By Owner (FSBO), Housing Market Updates, Real Estate Market, Sell My Home, Selling Your Home / By Heidi Tallos

Homeownership has always been the first rung on the ladder leading to household wealth. As Freddie Mac recently posted: “Homeownership has cemented its role as part of the American Dream, providing families with a place that is their own and an avenue for building wealth over time. This ‘wealth’ is built, in large part, through the creation of

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