by Wells Funding Group | Jan 26, 2023 | First Time Home Buyer, For Buyers, Housing Market Updates, Move-Up Buyers
Spring is usually the busiest season in the housing market. Many buyers wait until then to make their move, believing it’s the best time to find a home. However, that isn’t always the case when you factor in the competition you could face with other buyers at that...
by Wells Funding Group | Jan 24, 2023 | First Time Home Buyer, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers, Pricing
If you’ve been following the housing market over the last couple of years, you’ve likely heard about growing affordability challenges. But according to experts, the key factors that determine housing affordability are projected to improve this year. Selma Hepp,...
by Wells Funding Group | Jan 19, 2023 | First Time Home Buyer, For Buyers, Move-Up Buyers
One of the first steps in your homebuying journey is getting pre-approved. To understand why it’s such an important step, you need to understand what pre-approval is and what it does for you. Business Insider explains:“In a preapproval [sic], the lender tells you...
by Wells Funding Group | Jan 17, 2023 | Buying Myths, First Time Home Buyer, For Buyers, Interest Rates, Move-Up Buyers
Last year, the Federal Reserve took action to try to bring down inflation. In response to those efforts, mortgage rates jumped up rapidly from the record lows we saw in 2021, peaking at just over 7% last October. Hopeful buyers experienced a hit to their purchasing...
by Wells Funding Group | Jan 13, 2023 | Buying Myths, Down Payments, First Time Home Buyer, For Buyers, Infographics, Move-Up Buyers
Some Highlights Buying a home is a major transaction that can seem even more complex when you don’t understand the terms used throughout the process. If you’re looking to become a homeowner this year, it’s important to know these housing terms and how they relate to...
by Wells Funding Group | Jan 2, 2023 | First Time Home Buyer, For Buyers, Interest Rates, Move-Up Buyers
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 for the new year into focus. In the last year, high inflation...
