by Wells Funding Group | Oct 20, 2022 | For Buyers, For Sellers, Housing Market Updates, Pricing
As the housing market cools in response to the dramatic rise in mortgage rates, home price appreciation is cooling as well. And if you’re following along with headlines in the media, you’re probably seeing a wide range of opinions calling for everything from falling...
by Wells Funding Group | Oct 19, 2022 | First Time Home Buyer, For Buyers, Housing Market Updates, Move-Up Buyers, Rent vs. Buy
While the Federal Reserve is working hard to bring down inflation, the latest data shows the inflation rate is still high, remaining around 8%. This news impacted the stock market and added fuel to the fire for conversations about a recession. You’re likely feeling...
by Wells Funding Group | Oct 18, 2022 | First Time Home Buyer, For Buyers, Housing Market Updates, Move-Up Buyers
Over the past two years, the substantial imbalance of low housing supply and high buyer demand pushed home sales and buyer competition to new heights. But this year, things are shifting as supply and demand reach an inflection point. The graph below helps tell the...
by Wells Funding Group | Oct 17, 2022 | First Time Home Buyer, For Buyers, Move-Up Buyers, Rent vs. Buy
With higher mortgage rates, you might be wondering if now’s the best time to buy a home. While the financial aspects are important to consider, there are also powerful non-financial reasons it may make sense to make a move. Here are just a few of the benefits that...
by Wells Funding Group | Oct 14, 2022 | First Time Home Buyer, For Buyers, Infographics
Some Highlights If you’re trying to buy your first home in today’s housing market, you’ll want to know what you can do as mortgage rates rise and inventory stays low overall. Connect with a lender to get pre-approved, prioritize your wish list, consider condos, and...
by Wells Funding Group | Oct 12, 2022 | Down Payments, First Time Home Buyer, For Buyers, Interest Rates, Move-Up Buyers
If you’re looking to buy a home, you probably want to secure the lowest interest rate possible for your home loan. Over the last couple of years, that was easier to do as the housing market saw record-low mortgage rates, but this year rates have risen dramatically. If...
