Tag: Homeowners

Posted on 08/14/2024
The Great Wealth Transfer: A New Era of Opportunity
In recent years, there’s been a significant shift in how wealth is distributed among generations. It’s called the Great Wealth Transfer. Historically, the transfer of wealth from one generation to the next was a more gradual process, often limited to smaller amounts of inheritance or family savings. But today, the scale has increased in a big way. The...
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Posted on 01/19/2024
Mortgage Rates Start The Year At Well Below 7%
Homebuyers got an early holiday gift at the end of 2023 as mortgage rates reversed course, dropping more than a full percentage point and settling below 7% by mid-December. Before this drop, rates had hovered above 7% since August after peaking at around 8.00% in October. A 30-year, fixed-rate loan at roughly 6.75% as of this writing is...
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Posted on 04/30/2023
Why Today's Foreclosure Numbers Are Nothing Like 2008
You’ve likely seen headlines about the number of foreclosures climbing in today’s housing market. That may leave you with a few questions, especially if you’re thinking about buying a house. Understanding what they really mean is mission-critical if you want to know the truth about what’s happening today. According to a recent report from ATTOM, a property data...
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Posted on 02/22/2023
A Smaller Home Could Be Your Best Option
Many people are reaching the point in their lives when they need to decide where they want to live when they retire. If you’re a homeowner approaching this stage, you have several options to explore. Jessica Lautz, Deputy Chief Economist and Vice President of Research at the National Association of Realtors (NAR), says: “As we see the transition...
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Posted on 02/06/2023
6 Ways to Maximize the Tax Benefits of Homeownership
There are many benefits to owning a home, including the stability, security, and sense of place it gives individuals and families. Of course, beyond these intangible benefits are the tangible financial advantages homeowners can realize on an annual basis and over time. As tax season approaches, here is a rundown of the main tax benefits of homeownership. Talk...
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Posted on 02/06/2023
The Top Reasons for Selling Your House
Many of today’s homeowners bought or refinanced their homes during the pandemic when mortgage rates were at history-making lows. Since rates doubled in 2022, some of those homeowners put their plans to move on hold, not wanting to lose the low mortgage rate they have on their current house. And while today’s rates have started coming down from...
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Posted on 12/03/2022
3 Ways You Can Use Your Home Equity
If you’re a homeowner, odds are your equity has grown significantly over the last few years as home prices skyrocketed and you made your monthly mortgage payments. Home equity builds over time and can help you achieve certain goals. According to the latest Equity Insights Report from CoreLogic, the average borrower with a home loan has almost $300,000...
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Posted on 11/05/2021
Attention Homeowners: It’s Still a Great Time To Sell
Heading into the end of the year, you might wonder if it’s still a good time to sell your house. Here’s what the latest data from the National Association of Realtors (NAR) says. Housing supply is lower than last year, and home prices are up nationwide. Meanwhile, the average home is selling fast and receiving several offers. Listing...
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