Headlines Have You Worried about Your Home’s Value? Read This.
Have you heard talk about home prices falling? That may leave you worried about whether your house is losing value. But here’s what you need to know. While some local markets have seen slight price dips this year, home prices are not falling nationally. So, don’t let the headlines scare you. The vast majority of the country is actually seeing prices rise. While that may feel surprising after the headlines you’ve seen, the map below uses year-over-year data from the Federal Housing Finance Agency (FHFA) to make that clear: Let’s break down what this really shows. Most states are seeing prices rise (blue on that map). Not fall. Now, […]
Why More Homeowners Are Giving Up Their Low Mortgage Rate
If you’re like a lot of homeowners, you’ve probably thought: “I’d like to move… but I don’t want to give up my 3% rate.” That’s fair. That rate has been one of your best financial wins – and it can be hard to let go. But here’s what you need to remember… A great rate won’t make up for a home that no longer works for you. Life changes, and sometimes, your home needs to change with it. And you’re not the only one making that choice. The Lock-In Effect Is Starting To Ease Many homeowners have been frozen in place by something […]
Why Your Home Equity Still Gives You a Huge Advantage in Today’s Market
If you’ve been seeing headlines about home prices softening, it’s natural to wonder whether your own home value may be slipping too. The truth? Even with recent moderation in some areas, most homeowners are still far ahead—and equity is the reason. Let’s break down what’s really happening and why your financial position as a homeowner remains incredibly strong. Home Equity and Home Prices: How They Move Together Your home equity naturally reflects what’s happening with prices in your market. When prices go up, equity grows. When prices cool off, equity growth slows too. But “slowing” is not the same as […]
Categories
Recent Posts
OUR AGENTS
