Prices are up and down. Equity growth is a dream for real estate.
Homeowners’ equity in housing was at a record high of $20.4 trillion in the third quarter of 2020. The steady upward trend since 2012 was spurred by accelerating home-price growth and low mortgage rates, which have helped many households build equity in their homes. The third quarter’s year-over-year increase in home prices was 7.8 percent, the highest since 2006. The most recent monthly data point from the FHFA for November 2020 showed an increase of 11.0 percent, the highest year-over-year growth rate in the series and surpassing the previous high of 10.7 percent in 2005.
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When mortgage rates climb, buying a home can start to feel like trying to hit a moving target.
You've probably heard the Federal Reserve (the Fed) is raising rates again. And if you're planning to buy or sell a house, you may be wondering what that means for you.
Higher mortgage rates don't just affect buyers. They can change what it takes to sell your house, too.
If you're trying to buy a home, affordability is probably what keeps you up at night. And as you watch mortgage rates tick up again lately, it’s fair to wonder if you should just hit pause and wait for them to go down.
Selling your house in Lake Arrowhead this fall is absolutely doable. But there’s something you need to know about this time of year.
Ask a couple people how the housing market is doing and you’ll probably get a couple different answers. That’s because right now, the market runs on 2 very different tracks, split by price point.
