In this video, we're diving deep into the concept of assumable loans 🏡💸. With interest rates soaring, many buyers are on the lookout for better options, and assumable loans might just be the answer! Learn what an assumable loan is, how it works, and the specific loan types it applies to, including FHA, VA, and USDA loans. We'll also discuss some of the challenges you might face, such as the need for a significant down payment and finding a willing seller in a competitive market.
Read MoreAs school ends and families head off for summer vacations, the housing market shifts into summer mode where inventory begins to climb while demand gradually eases. Over the past two weeks, demand has dipped by 1%. We expect demand to mirror last year's trends until mortgage rates fall below 7%.
Read MoreIn this "Market Update" video, I explain why home prices continue to appreciate despite mortgage rates hovering around 6-7%. Discover how inventory shortages and a surge in cash buyers are driving prices up, making it a seller's market. If you're considering selling your home, now is the perfect time to act.
Read MoreDespite ongoing inventory constraints, there are 18% more sellers than last year. While the inventory has yet to return to pre-pandemic levels, the recent uptick in homes entering the market offers hope for prospective buyers and sellers alike. Finally, there are more choices!
Read MoreInventory has shot up by 17% since the year began, suggesting some relief from the inventory crisis. It's the first time since last April that we've seen more homes available compared to the previous year. Despite mortgage rates fluctuating between 6.6% and 7.1%, demand remains strong, demonstrating market resilience in the face of higher mortgage rates.
Read MoreEven with mortgage rates soaring above 7%, homes remain scarce, multiple offers are the new normal, and property values are skyrocketing. As the economy cools, expect mortgage rates to drop, igniting an even fiercer housing market frenzy.
Read More
