Wondering what’s in store for the housing market in 2023? 2022 was certainly full of ups and downs. U.S. home values peaked in May 2022 and then declined as surging interest rates made already-high home prices unaffordable for many. Though mortgage rates have dropped somewhat along with list prices, high inflation and stagnant wages have […]
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What are experts saying about the 2023 housing market? We know as of mid-January 2023, the rate for a 30-year fixed-rate mortgage is 6.33%. Though the rate has dropped since its peak of 7.08% in October 2022, it currently remains at a 14-year high. What factors affect mortgage rates? Mortgage rates are high right now due
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If buying or selling a home is part of your dreams for 2023, it’s essential for you to understand today’s housing market, define your goals, and work with industry experts to bring your homeownership vision into focus. In the last year, high inflation had a big impact on the economy, the housing market, and likely on your wallet too. That’s why
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Becoming a real estate agent can be a lucrative endeavor, with commissions providing rewards for successful sales. But exactly how do real estate agents get paid? Understanding the various factors and payment structures involved in real estate transactions can help you decide if becoming a real estate agent is the right career move for you.
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Homeowner tax breaks are a way for you to reduce your taxable income and can result in huge savings. In this article, we’ll discuss the most common homeowner tax incentives that could benefit you this year. Homeowner tax breaks that will save you money The interest you paid on your mortgage For homeowners who itemize,
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Best Real Estate Articles December 2022 includes info from professional realtors: Paul Sian, Bill Gassett, Madison Mortgage Guys, Sharon Paxson, and Kevin Vitali. Tips For Selling A Home In A Buyer’s Market The real estate market has moved into one that is more favorable for home buyers. It’s a benefit that they haven’t seen in
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DIY HOME Trend #1: Vibrant Colors DIY Home Trends for 2023 are something to keep track of if you plan on selling this year. 2023 is the year we break away from sterile whites and plain grays. On-trend colors are bolder and more vibrant, reflecting the joy and liveliness today’s buyers are seeking in a home.
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Cybercrime in real estate is on the rise, with many companies lacking federal cybersecurity laws and essential resources. Learn how to protect sensitive client info and avoid costly fraud.
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2021 was packed with plenty of activity on the real estate front. Real estate headlines nationwide reminded us of the significant inventory shortages. A condition that creates a huge win for home sellers. On the other hand, homebuyers and realtors hoped for better news. The market did not perform as you might expect during a
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Home price reductions have increased. If have concerns about whether or not you’ll be able to get top dollar, you’re not alone. As of October 2022, nationwide home prices have fallen 7.65% since May highs. And home price reductions have increased from 10.6% last October to 20.9% this year. Reduced demand paired with rising price
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