Mortgage rates rise to nearly four-year high on inflation concerns

Mortgage rates have climbed to the highest level in close to four years, according to data released Thursday. The 30-year fixed-rate mortgage averaged 4.38% in the week ending Feb. 15, up from 4.32%, mortgage buyer Freddie Mac said. A year ago, the benchmark mortgage averaged 4.15%.  The 15-year fixed-rate mortgage averaged 3.84%, up from 3.77%, and the 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.63%, up from 3.57%. ...

Stock Market Plunge: Is Real Estate Safe?

Stock Market Plunge: Is Real Estate Safe?
Is the stock market crashing? The short answer: no—the Dow is just a little bumpy right now. Monday’s Wall Street frenzy had people from all over the world fearing that a U.S. real estate bubble might be the culprit after the stock market suddenly took a nearly 1,600-point (4.6 percent) plunge. According to CNN Money, it was the biggest point decline in history during a trading day. However, experts say there’s no reason to worry. While homeownership ra

How to Get Ready for a Home Inspection

How to Get Ready for a Home Inspection
Home sellers will have an easier time by preparing for a home inspection in advance. Getting ready for a home inspection will help to prevent future problems. Prevention can stop surprises. The last thing a seller needs is for a home inspector to break a fixture or cause damage because the seller was ill-prepared. Some local governments require that the seller provides the buyer with a detailed home inspection while giving the buyer the option to ob...

How Owning a Home Can Help (or Hinder) Your Retirement

How Owning a Home Can Help (or Hinder) Your Retirement
Is it possible that most Americans are getting a major part of their retirement wrong? According to Census Bureau data, nearly 80 percent of those age 65 or older owned a home in 2017. But it may not be the right living arrangement for everyone. Not only could renting be a better option for some retirees, it could allow younger workers the opportunity to save additional money for their retirement. "From a psychological standpoint, homeo...

14 Million Households Plan to Give Their Homes to Family

14 Million Households Plan to Give Their Homes to Family
Americans are moving less than ever, according to Zillow’s analysis of the U.S. Census Bureau’s Current Population Survey. Just 4.2 percent of American homeowners moved between 2015 and 2016 — which is almost half the 7.7 percent rate reported in 1990. According to the Zillow Group Consumer Housing Trends Report 2017, 86 percent of all American homeowners — defined as those who have owned their home for more than a year — have no plans to move in the ne

Top 10 Tips for Selling Your Home During the Holidays

Top 10 Tips for Selling Your Home During the Holidays
The holiday season from November through January is often considered the worst time to put a home on the market. While the thought of selling your home during the winter months may dampen your holiday spirit, the season does have its advantages: holiday buyers tend to be more serious and competition is less fierce with fewer homes being actively marketed. First, decide if you really need to sell. Really. Once you've committed to the challenge, don your gay

Don’t Wait: Buying Will Cost More in Just One Year

Don’t Wait: Buying Will Cost More in Just One Year
Are you on the fence about owning a home? It may be better to buy now than wait. The nation’s median home value is expected to grow by $6,275 to $208,975 just one year from today, according to Zillow, adding on to the already considerable funds homebuyers need now to own a home. The average homebuyer, in fact, has to add $105 more each month to their down payment savings (assuming a 20 percent down payment on a median-priced home) over the next year, or...

How to Style Your Home for an Open House

How to Style Your Home for an Open House
Our room-by-room overview explains how to make your home more appealing to potential buyers If you are selling your home, you will want it to look its best when you hold an open house. If you can afford to hire a professional stager, do it! Their skills can do wonders for your home’s apparent value. But if that’s not within your budget, don’t worry — just follow these room-by-room tips to help your listing stand out. Erase Your Pe...

Tips For Getting Your Home Sold In The Winter

Tips For Getting Your Home Sold In The Winter
So you've decided to list your home this winter. Perhaps you've had a job change, need to relocate out of the area, or have financial or family reasons for moving. No matter what is driving the move, you may be concerned about selling at this time of year. But just because you missed the boat on the spring selling season doesn't mean you can't get your home sold quickly, and for a profit. A few tips can help get it moving. Take photos early... or late

6 Surprising Benefits Of Buying Or Selling Your Home In The Fall

6 Surprising Benefits Of Buying Or Selling Your Home In The Fall
Seeing fewer for-sale signs now that summer is over? That can be great news for buyers who are looking to score a new home and buyers who want to get rid of their place and buy a new one. If you think you missed the boat on making your move this year, we're here to tell you why buying and selling in the fall can work for you. Less competition Yes, there may be fewer homes on the market, but there are also fewer buyers out there competing for the same