by Wells Funding Group | Mar 15, 2022 | First Time Home Buyer, For Buyers, Move-Up Buyers
As a homebuyer, it’s important to plan and budget for the expenses you’ll encounter when you purchase a home. While most people understand the need to save for a down payment, a recent survey found 41% of homebuyers were surprised by their closing costs. Here’s some...
by Wells Funding Group | Mar 11, 2022 | Buying Myths, Down Payments, First Time Home Buyer, For Buyers, Infographics, Interest Rates, Move-Up Buyers
Some Highlights Knowing key housing terms and how they relate to today’s market is important. For example, when mortgage rates and home prices rise, it impacts how much home you can afford. Terms like appraisal (what lenders rely on to validate a home’s value) and the...
by Wells Funding Group | Mar 10, 2022 | First Time Home Buyer, For Buyers, Housing Market Updates, Move-Up Buyers
If you’re thinking of buying a home today, you already know that the number of homes available for sale is low. But what does that really mean for you? As a buyer, low housing supply coupled with high buyer demand means you should be prepared to navigate a highly...
by Wells Funding Group | Mar 9, 2022 | Buying Myths, First Time Home Buyer, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers, Pricing
You can’t read an article about residential real estate without the author mentioning the affordability challenges that today’s buyers face. There’s no doubt homes are less affordable today than they were over the last two years, but that doesn’t mean homes are now...
by Wells Funding Group | Mar 3, 2022 | First Time Home Buyer, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, Pricing
Many analysts projected home price appreciation would slow dramatically in the fall of 2021 and then continue to soften throughout 2022. So far, that hasn’t happened. The major price indices are all revealing ongoing double-digit price appreciation. Here’s a look at...
by Wells Funding Group | Mar 2, 2022 | Buying Myths, Down Payments, First Time Home Buyer, For Buyers, Move-Up Buyers
For many homebuyers, the thought of saving for a down payment can feel daunting, especially in today’s market. That’s why, when asked what they find most difficult in the homebuying process, some buyers say it’s one of the hardest steps on the path to homeownership....
