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Category: Home Buying

    Beginning with Pre-Approval

    By Anna Tan-Gulay | September 25, 2023

    If you’re looking to buy a home this fall, there are a few things you need to know. Affordability is tight with today’s mortgage rates and rising home prices. At the same time, there’s a limited number of homes on the market right now and that’s creating some competition among buyers. But, if you’re strategic, there are ways to navigate... Read More

    The Many Non-Financial Benefits of Homeownership

    By Anna Tan-Gulay | September 22, 2023

    Buying and owning your own home can have a big impact on your life. While there are financial reasons to become a homeowner, it’s essential to think about the non-financial benefits that make a home more than just a place to live. Here are some of the top non-financial reasons to buy a home. According to Fannie Mae,... Read More

    Home Loan Facts

    By Anna Tan-Gulay | September 20, 2023

    Navigating the home loan world as a self-employed individual? It can be tricky! 🏠 Sometimes, writing off a large part of your income for tax purposes makes it appear like you have less spending money, making mortgages harder to secure.But don’t worry! With the right guidance and understanding of the lending landscape, your dream home... Read More

    Are you ready to buy a starter home?

    By Anna Tan-Gulay | September 18, 2023

    Here are some signs that you are finally ready to buy a starter home and kick renting to the curb. 🏡 ✅ Your rent is rising ✅ Your credit score is solid ✅ Your debt is manageable ✅ You can afford a down payment ✅ You have enough set aside for maintenance costs ✅ Your... Read More

    Expert Home Price Forecasts Revised Up for 2023

    By Anna Tan-Gulay | September 6, 2023

    Toward the end of last year, there were a number of headlines saying home prices were going to fall substantially in 2023. That led to a lot of fear and questions about whether there was going to be a repeat of the housing crash that happened back in 2008. But the headlines got it wrong. While there... Read More

    Why It’s Still a Seller’s Market Today

    By Anna Tan-Gulay | September 4, 2023

    Even though activity in the housing market has slowed from the frenzy that was the ‘unicorn’ years, it’s still a seller’s market because the supply of homes for sale is so low. But what does that really mean for you? And why are conditions today so good if you want to sell your house? The latest Existing Home Sales Report from... Read More

    How Inflation Affects the Housing Market

    By Anna Tan-Gulay | September 1, 2023

    Have you ever wondered how inflation impacts the housing market? Believe it or not, they’re connected. Whenever there are changes to one, both are affected. Here’s a high-level overview of the connection between the two. The Relationship Between Housing Inflation and Overall Inflation Shelter inflation is the measure of price growth specific to housing. It comes from a survey of... Read More

    Gen Z: The Next Generation Is Making Moves in the Housing Market

    By Anna Tan-Gulay | August 29, 2023

    Generation Z (Gen Z) is eager to put down their own roots and achieve financial independence. As a result, they’re turning to homeownership. According to the latest Home Buyers and Sellers Generational Trends Report from the National Association of Realtors (NAR), 30% of Gen Z buyers transitioned straight from living under their parents’ roofs to owning their own homes. If... Read More

    Why Median Home Sales Price Is Confusing Right Now

    By Anna Tan-Gulay | August 21, 2023

    The National Association of Realtors (NAR) is set to release its most recent Existing Home Sales (EHS) report tomorrow. This monthly release provides information on the volume of sales and price trends for homes that have previously been owned. In the upcoming release, it’ll likely say home prices are down. This may seem a bit confusing, especially if you’ve been following... Read More

    Don’t Expect a Flood of Foreclosures

    By Anna Tan-Gulay | August 16, 2023

    The rising cost of just about everything from groceries to gas right now is leading to speculation that more people won’t be able to afford their mortgage payments. And that’s creating concern that a lot of foreclosures are on the horizon. While it’s true that foreclosure filings have gone up a bit compared to last year, experts... Read More