Today’s headlines and news stories about home prices are confusing and make it tough to know what’s really happening. Some say home prices are heading for a correction, but what do the facts say? Well, it helps to start by looking at what a correction means.Here’s what Danielle Hale, Chief Economist ... » Learn More about Are Home Prices Going To Come Down?
Real Estate
Unlocking the Benefits of Your Home’s Equity
Some HighlightsEquity is the difference between what your house is worth and what you still owe on your mortgage.The typical homeowner gained $28,000 over the past year and has a grand total of $305,000 in equity. And there are a lot of great ways you can use that equity.To find out how much equity ... » Learn More about Unlocking the Benefits of Your Home’s Equity
Moving Plans from Afar: Tips for Buying a Home Sight-Unseen
(Guest post) Homeownership is at the heart of the American dream. However, navigating the Oregon real estate market and moving here from DC can be a huge challenge. And it will be even tougher to manage if you cannot handle the aspects of buying a house in person. However, there's no need to ... » Learn More about Moving Plans from Afar: Tips for Buying a Home Sight-Unseen
How the Economy Impacts Mortgage Rates
As someone who’s thinking about buying or selling a home, you’re probably paying close attention to mortgage rates – and wondering what's ahead.One thing that can affect mortgage rates is the Federal Funds Rate, which influences how much it costs banks to borrow money from each other. While the ... » Learn More about How the Economy Impacts Mortgage Rates
A Newly Built Home May Actually Be More Budget-Friendly
If you’re in the market to buy a home, there’s some exciting news for you. Many people assume that newly built homes are more expensive than existing ones (houses that have already been lived in), but that’s not always the case. In fact, exploring newly built homes can sometimes lead to more ... » Learn More about A Newly Built Home May Actually Be More Budget-Friendly