Posts Tagged ‘San Antonio housing market’
November Housing Market Update 2022
As the 2022 housing market year reaches the end you likely have multiple questions on your mind. Should you buy or sell now or should you wait until next year? Will interest rates continue to rise or will they remain steady. And finally, will foreclosures become an issue any time soon? In this addition of…
Read More3 Trends That Are Good News for Today’s Homebuyers
While higher mortgage rates are creating affordability challenges for homebuyers this year, there is some good news for those people still looking to buy a home. As the market has cooled this year, some of the intensity buyers faced during the peak frenzy of the pandemic has cooled too. Here are just a few trends…
Read MoreTips For First-Time Homebuyers [INFOGRAPHIC]
Some Highlights If you’re trying to buy your first home in today’s housing market, you’ll want to know what you can do as mortgage rates rise and inventory stays low overall. Connect with a lender to get pre-approved, prioritize your wish list, consider condos, and expand your search radius. Your first home is out there.…
Read MoreFour Things That Help Determine Your Mortgage Rate
If you’re looking to buy a home, you probably want to secure the lowest interest rate possible for your home loan. Over the last couple of years, that was easier to do as the housing market saw record-low mortgage rates, but this year rates have risen dramatically. If you’re looking for ways to combat today’s…
Read MoreThe Long-Term Benefit of Homeownership
Today’s cooling housing market, the rise in mortgage rates, and mounting economic concerns have some people questioning: should I still buy a home this year? While this year has unique challenges for homebuyers, it’s important to factor the long-term benefits of homeownership into your decision. Consider this: if you know people who bought a home…
Read MoreOctober Housing Market Update 2022 | What You Need To Know
Mortgage Rates Continue To Rise As you can see above interest rates, have been on the rise since the beginning of the year, doubling where they started in January 2022. And most recently rates have increased every week for the past six weeks. Rates are now just over 7% at the time of this post.…
Read MoreHow To Prep Your House for Sale This Fall
Today’s housing market is different from just a few months ago. And if you’re thinking about selling your house, that may leave you wondering what you need to do differently. The answer is simple. Taking the time upfront to prep your house appropriately and create a solid plan can help bring in the greatest return…
Read MoreBuyers Are Regaining Some of Their Negotiation Power in Today’s Housing Market
If you’re considering buying a home today, there’s welcome news. Even though it’s still a sellers’ market, it’s a more moderate sellers’ market than last year. And the days of feeling like you may need to waive contingencies or pay drastically over the asking price to consider your offer may be coming to a close.…
Read MoreHousing Affordability Is At An All-Time Low | What You Need To Know
Housing affordability is at an all-time low now since 1990 according to the national association of realtors study. This is incredibly troubling news for homebuyers currently shopping for a home since just as recently as the beginning of 2022 relatively cheap mortgage rates were still attainable. However, after multiple interest rate hikes by the central…
Read MoreWhat You Need To Budget for When Buying a Home
When buying a home, it can feel a bit intimidating to know how much you need to save and where to find that information. But you should know that you’re not expected to have all the answers. Many trusted professionals can help you understand your finances and what you’ll need to budget for throughout the…
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