BLOGS

30YR Fixed 6.99% +0.02% 15YR Fixed 6.45% +0.02%   More Charts, Fewer Words (Recapping This Month's Mortgage Monitor From Black Knight) Black Knight releases a robust collection of mortgage/housing info each month via its Mortgage Monitor report.  There are always more charts than we have time and ro

  Home sellers across the US realised a profit of $112,000 on the typical sale in 2022, up 21% from $92,500 in 2021 and up 78% from $63,000 two years ago, according to a new report from ATTOM. ATTOM’s Year-End 2022 U.S. Home Sales Report found that despite a market slowdown in the second half of las

You may have seen reports in the news recently saying it’s better to rent right now than it is to own your home. But before you let that impact your decisions, you should understand what these claims are based on. A lot of the time, these reports are assuming things that aren’t realistic for the ave

Today’s homeowners are sitting on significant equity, even as home price appreciation has eased recently. If you’re a homeowner, your net worth got a boost over the past few years thanks to rising home prices. Here’s what it means for you, even as the market moderates. How Equity Has Grown in Recent

30YR Fixed 6.97% -0.13% 15YR Fixed 6.43% -0.07%   Home Prices Continued Moderate Pace of Correction in December FHFA and S&P Case Shiller each released their monthly home price indices (HPIs) for December this morning.  These are the two most widely followed HPIs.  FHFA has a broader reach while Cas

After steadily falling over the winter, mortgage rates have started to rise in recent weeks. This is concerning to some potential homebuyers as the combination of higher mortgage rates and higher prices have made homes less affordable. So, if you’re planning to purchase a home this year, you too may

30YR Fixed 6.80% +0.02% 15YR Fixed 5.95% +0.01%   New Construction Numbers Would Look Way Worse Without Multifamily It seems that most of the stories I write on home sales and construction numbers begin with a slightly different iteration of the same core thought: the housing market has undoubtedly

30YR Fixed 6.75% +0.13% 15YR Fixed 5.95% +0.09%   Builder Confidence at Best Levels in Ten Years The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) shot higher in February, achieving a second monthly gain. NAHB’s chief economist Robert Dietz said the 7-point incr

If you’re thinking about buying a home, you might be focusing on previously owned ones. But with so few houses for sale today, it makes sense to consider all your options, and that includes a home that’s newly built. The Number of Newly Built Homes Is on the Rise While there are more houses for sale

What You Should Know About Closing Costs Before you buy a home, it’s important to plan ahead. While most buyers consider how much they need to save for a down payment, many are surprised by the closing costs they have to pay. To ensure you aren’t caught off guard when it’s time to close on your home

Top 5 Monmouth County Beaches    Monmouth County is known for its breathtaking beaches and is a popular destination for beachgoers. Here are some of the best beaches in Monmouth County, NJ that you should consider visiting: 1. Seven Presidents Oceanfront Park: This park is named after the seven Unit

How Experts Can Help Close the Gap in Today’s Homeownership Rate As we celebrate Black History Month, we reflect on the past and present experiences of Black Americans. This includes the path toward investing in a home of their own. And while equitable access to housing has come a long way, homeowne

The Top Reasons for Selling Your House   Caption   Many of today’s homeowners bought or refinanced their homes during the pandemic when mortgage rates were at history-making lows. Since rates doubled in 2022, some of those homeowners put their plans to move on hold, not wanting to lose the low mortg

    Chart: Tesla’s Unrivaled Profit Margins In January this year, Tesla made the surprising announcement that it would be cutting prices on its vehicles by as much as 20%. While price cuts are not new in the automotive world, they are for Tesla. The company, which historically has been unable to kee

Caption Buying a home is a very emotional process. If you allow those emotions to get the best of you, you may fall prey to several common home buyer mistakes. Since homeownership has far-reaching implications, it's important to keep your emotions in check and make the most rational decision possibl

30YR Fixed 6.16% -0.01% 15YR Fixed 5.23% -0.01%   Home Prices Are Slightly Lower, But Far From Plummeting As rates spiked and sales contracted at the fastest pace in decades last year, we knew the post-pandemic surge in home prices was set to reverse.  By the middle of 2022, the average forecast saw

Lower Mortgage Rates Are Bringing Buyers Back to the Market As mortgage rates rose last year, activity in the housing market slowed down. And as a result, homes started seeing fewer offers and stayed on the market longer. That meant some homeowners decided to press pause on selling. Now, however, ra

  There are plenty of good reasons you might be ready to move. No matter your motivations, before you list your current house, you need to consider where you’ll go next. In today’s market, it makes sense to explore all your options. That includes both homes that have been lived in before as well as

Some Highlights If you’re thinking of buying a home this year, be sure to factor in the long-term benefits of homeownership. On average, nationwide, home prices appreciated by 288.7% over the last 32 years. That means homeowners grow their net worth significantly in the long term. Homeownership wins