52 Weekends in the Poconos
Experts in the real estate industry use a number of terms when they talk about what’s happening with home prices. And some of those words sound a bit similar but mean very different things. To help clarify what’s happening with home prices and where experts say they’re going, here’s a look at a few terms you may hear:
- Appreciation is when home prices increase.
- Depreciation is when home prices decrease.
- Deceleration is when home prices continue to appreciate, but at a slower pace.
As mortgage rates started to rise this year, many homeowners began to wonder if the value of their homes would fall. Here’s the good news. Historically, when mortgage rates rise by a percentage point or more, home values continue to appreciate. The latest data on home prices seems to confirm that trend.
According to data from CoreLogic, home price appreciation has been re-accelerating since November. The graph below shows this increase in home price appreciation in green:
This is largely due to...
First impressions are important. When it comes to listing a home for sale, though, they’re everything. That’s why it’s so disheartening for a real estate agent or photographer to show up at a home and find out that it’s less than ready for its close-up.
Now, not every home deserves to grace the cover of a magazine. But buyers want to be wowed in some way when they arrive at the curb — it’s why it’s called curb appeal, after all. If you’re thinking of selling your home, here’s what real estate...
It's finally the season when everything springs into action again — including you. Now’s the time to roll up your sleeves and take care of the things you’ve neglected during the winter months. You’ll want to make sure your home is ready for April showers and the impending summer weather.
Spring cleaning is a good place to start, but the turn of the season also presents an opportunity to be more thorough with your home maintenance. Here are 15 things you need to do, inside and out, to prep you...
Just because mortgage rates are on the rise doesn’t mean you can’t buy a home this year. The keys will be knowing your budget, maintaining perspective and having a plan.
Mortgage rates are currently averaging 4.67% — up from just 3.22% at the start of the year, according to Freddie Mac. As a result of rising rates and rising home prices, the typical mortgage payment is now $500 higher than it was at the start of the year.
“If you’re a buyer, don’t get spooked as long as [higher rates are] not p...
If you’re looking to buy a home, you may be wondering how your student loan debt could impact those plans. Do you have to wait until you’ve paid off your student loans before you can buy your first home? Or could you qualify for a home loan with that debt?
To give you the answers you’re searching for, let’s take a look at what recent data shows. That way, you know what to expect and what to do next to achieve your dream of becoming a homeowner. While everyone’s situation is unique, your goal ma...
