by Wells Funding Group | Feb 27, 2023 | First Time Home Buyer, For Buyers, Housing Market Updates, Move-Up Buyers
One of the many reasons to buy a home is that it’s a major way to build wealth and gain financial stability. According to Freddie Mac:“Building equity through your monthly principal payments and appreciation is a critical part of homeownership that can help you create...
by Wells Funding Group | Feb 23, 2023 | Buying Myths, Down Payments, First Time Home Buyer, For Buyers, Housing Market Updates, Move-Up Buyers
According to a recent Harris Poll survey, 8 in 10 Americans say buying a home is a priority, and 28 million Americans actually plan to buy within the next 12 months. Homeownership provides many financial and nonfinancial benefits, so that interest is...
by Wells Funding Group | Feb 22, 2023 | Baby Boomers, Demographics, For Buyers, For Sellers
Many people are reaching the point in their lives when they need to decide where they want to live when they retire. If you’re a homeowner approaching this stage, you have several options to explore. Jessica Lautz, Deputy Chief Economist and Vice President of Research...
by Wells Funding Group | Feb 21, 2023 | For Buyers, For Sellers, Housing Market Updates, Interest Rates
The biggest challenge the housing market’s facing is how few homes there are for sale. Mark Fleming, Chief Economist at First American, explains the root causes of today’s low supply:“Two dynamics are keeping existing-home inventory historically low – rate-locked...
by Wells Funding Group | Feb 16, 2023 | For Buyers, For Sellers, Housing Market Updates, Pricing
The recent changes in home prices are top of mind for many as the housing market begins gearing up for spring. It can be hard to navigate misleading headlines and confusing data, so here’s what you should know about today’s home prices.Local price trends still vary by...
by Wells Funding Group | Feb 15, 2023 | First Time Home Buyer, For Buyers, Move-Up Buyers, New Construction
If you’re thinking about buying a home, you might be focusing on previously owned ones. But with so few houses for sale today, it makes sense to consider all your options, and that includes a home that’s newly built.The Number of Newly Built Homes Is on the RiseWhile...
