by Wells Funding Group | Aug 15, 2022 | First Time Home Buyer, For Buyers, Housing Market Updates, Rent vs. Buy
The desire to own a home is still strong today. In fact, according to the Census, the U.S. homeownership rate is on the rise. To illustrate the increase, the graph below shows the homeownership rate over the last year: That data shows more than half of the U.S....
by Wells Funding Group | Aug 12, 2022 | For Buyers, For Sellers, Housing Market Updates, Infographics
Some Highlights Many people remember the housing crash in 2008, but experts say today’s market is fundamentally different in many ways. First, there isn’t an oversupply of homes for sale today. Plus, lending standards are much tighter, and homeowners have record...
by Wells Funding Group | Aug 11, 2022 | For Buyers, For Sellers, Housing Market Updates, Pricing
Whether you’re a potential homebuyer, seller, or both, you probably want to know: will home prices fall this year? Let’s break down what’s happening with home prices, where experts say they’re headed, and why this matters for your homeownership goals. Last Year’s...
by Wells Funding Group | Aug 10, 2022 | First Time Home Buyer, For Buyers, Housing Market Updates, Move-Up Buyers
If you tried to buy a home during the pandemic, you know the limited supply of homes for sale was a considerable challenge. It created intense bidding wars which drove home prices up as buyers competed with one another to be the winning offer. But what was once your...
by Wells Funding Group | Aug 9, 2022 | For Sellers, Pricing, Selling Myths
There’s no doubt about the fact that the housing market is slowing from the frenzy we saw over the past two years. But what does that mean for you if you’re thinking of selling your house? While home prices are still appreciating in most markets and experts say that...
