After several years of high mortgage rates and hesitation from buyers, momentum is quietly building beneath the surface of the housing market. Sellers are reappearing. Buyers are re-engaging. And for the first time in what feels like forever, there’s movement happening [...]
A lot of buyers are stuck in “wait and see” mode right now. They’re watching rates hover a little above 6% and thinking, I’ll buy once they hit the 5s. Because who doesn’t want a better [...]
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 [...]
For the past couple of years, it’s been tough for a lot of homebuyers to make the numbers work. Home prices shot up. Mortgage rates too. And a number of people hit pause because it just didn’t feel possible. Maybe you were one of [...]
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 [...]
Talk about the economy is all over the news, and the odds of a recession are rising this year. That’s leaving a lot of people wondering what it means for the value of their home – and their buying [...]
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
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Spring is in full swing, and the housing market is picking up along with it. And if you’ve been wondering whether now is the right time to buy or sell, here’s the inside scoop on why this spring may be a great time to make your [...]