Home buying and home selling

Market Trends Improve Over Last Year But Are Still A Challenge

agent handing over keys The market today is a weird mash-up of years past and a whole new series of events that are a huge unknown in the business. Mortgage rates are low but so is inventory of both new builds and existing homes. These factors often mean a hot real estate market with increasing home prices and tight bidding wars among buyers. While this is exactly the situation that we are facing now things are bound to change as the year progresses. More and more people are deciding this is the right time to sell but also have to realize that they need to find a place themselves to live in. Increased inventory will tend to slow down the huge spike in prices but may not hold it off too much. 

Looking to Move? Here Are the Best Reasons to Buy Before You Sell

First, a disclaimer: most of the time, it is a good idea to sell your old house before purchasing a new one. After all, the potential burden of paying for two mortgages at the same time is a financial risk which few people are willing and able to take on. That being said, there are some specific circumstances in which you might want to consider reversing the order of things by buying the new house first. The market being what it is currently having a house purchased before you sell your own might be your only option in this buyers market. You may be faced with not being able to find a house before you sell your own. Keep reading to learn about the other factors which can make this unconventional decision a smart move!

How Low Interest Rates Are Effecting The Housing Market

home mortgage calculaterMortgage rates are at a historically low level and this can mean a boost in home purchases. However, there are certain factors that may hinder how easy it may be to take advantage of these low rates. While you may want to step into the real estate market you may have to have a tighter hold on what your money portfolio looks like before you make any moves into the home buying realm.