Singles Are Falling For Their Dream Home First!
Some Highlights:
- According to NAR’s Profile of Home Buyers & Sellers, the share of recent homebuyers who were single at the time of purchase held steady at 24% last year.
- The percentage of first-time buyers who were single females rose to 17% (up from 16%), as the share of single men dropped from 11% to 8%.
- The primary reason for buying a home amongst singles was the desire to own a home of their own (38% for women and 37% for men).
Why Most People Are Still Glad They Bought a Home
A home isn’t typically something you buy for just a year or two. It’s a longer-term play. And when you zoom out, it all starts to fall into perspective – especially if you look at home prices and equity.
What Higher Mortgage Rates Mean for Home Sellers
You don’t automatically need to slash your price or offer a big concession. But you do need to price and market your house based on what buyers can pay today – not what sellers could get a few years ago.
The Mortgage Rate You See Online Isn’t Necessarily the One You’d Get
A simple conversation with a loan officer can help you determine when you’ll be ready to buy, how much you can borrow, and of course, what your real rate will be.
3 Things You Can Actually Control About Your Mortgage Rate Right Now
While you can’t control where rates go from here, you absolutely can control several things that shape the rate you actually get.
Selling This Fall? You Want To Get These 4 Things Right.
Selling your house this fall is absolutely doable. Buyer activity typically starts to slow while the number of homes for sale climb – and you need the right strategy to get attention in this type of market.
Selling This Fall? You Haven’t Missed Your Window
Getting your house sold this season comes down to how well it’s priced and presented, and that’s where a local agent shines.