What if you didn’t have a mortgage payment on your next house? It may sound a little unrealistic. But for a number of homeowners, it’s actually doable.
Nearly 3 in 10 homes purchased today are bought in cash, according to the National Association of Realtors (NAR). That’s far more than the pre-pandemic norm [...]
Here’s something you should know before you sell your house. The homeowners who win in today’s market aren’t the ones waiting it out or stepping back. They’re the ones who adapt from the [...]
If you've put your move plans on hold due to high rates or prices, it may be time to reassess your numbers. Affordability is improving in 39 of the top 50 markets, according to First American. And that’s the 5th straight month where buying a home has become slightly easier.
Let’s break this down into real dollars, so you can see the difference this could make for you (and your [...]
Did you know? A record 40% of U.S. homeowners now own their homes outright. That’s the highest share ever recorded.
And that’s a crucial statistic if you’re considering downsizing.
Think about it. If you’ve been in your house for a long time, you may be able to sell and buy your next home in cash.
You can purchase a smaller, less expensive home that better suits your lifestyle today, with lower bills, less upkeep, and no new mortgage in [...]
While you’ve been out and about living your life, your house has been quietly building your wealth in the background. And that hidden wealth is called equity. When prices go up over time, and as you pay your mortgage, that number climbs. According to the latest data, the average homeowner has around $302K in equity right now. That’s six figures you could be sitting on without even realizing it. When was the last time you had a professional show you what your home is actually worth, and how much equity you likely have? DM me and we’ll run your personalized numbers, so you know exactly what you’re working with. It might be precisely what you need to fuel your next move.
Find out what your home is worth, give us a call at 207-701-5600 or email us at info@catesre.com
#HomeEquity #HomeValues #buildingwealth
Want to know something important? You probably don’t have a professional check for yourself nearly as often as you should. Spoiler alert: it’s the value of your home.
Because here’s the reality. Your house is likely the most significant financial asset you have. And if you’ve lived in it for a few years or more, chances are it’s been [...]
If you’re a homeowner, chances are you’ve built up a lot of wealth – just by living in your house and watching its value grow over time. And that equity? It’s something that could help change your child’s [...]
There’s a lot of talk about a recession lately and how the odds of one are rising. If you’re wondering what that means for the housing market, here’s what the data tells us. While you may remember the price crash in 2008, that’s not the norm. Looking back to 1980, home prices usually rose, and mortgage rates tended to fall. If you have questions about buying or selling a home in today’s market, let’s talk.
Cates Real Estate | 207-701-5600 | info@catesre.com
#mortgagerates #crashof2008 #homeprices #recession
Headlines are talking about the inventory of new homes and how we’re back at the levels not seen since 2009. And maybe you’re reading that and thinking: oh no, here we go again. That’s because you remember the housing crash of the late 2000s and you’re worried we’re repeating the same [...]
Last year, 70% of buyers abandoned their home search – and maybe you were one of them. It makes sense. Inventory was low, prices were high, and mortgage rates were up and down like a rollercoaster. All of that made it really hard to find a home you loved – and could [...]