by Wells Funding Group | May 20, 2021 | For Sellers, Interest Rates, Move-Up Buyers, Pricing
The level of equity homeowners have is at an all-time high. According to the U.S. Census, over 38% of owner-occupied homes are owned free and clear, meaning they don’t have a mortgage. Those with a mortgage are seeing their equity skyrocket too. Every time real estate...
by Wells Funding Group | May 19, 2021 | For Sellers, Housing Market Updates, Move-Up Buyers
One of the biggest questions in real estate today is, “When will sellers return to the housing market?” An ongoing shortage of home supply has created a hyper-competitive environment for hopeful buyers, leading to the ultimate sellers’ market. However, as the economy...
by Wells Funding Group | May 18, 2021 | For Buyers, For Sellers, Housing Market Updates, Pricing
Last month, in a post on the Liberty Street Economics blog, the Federal Reserve Bank of New York noted that Americans believe buying a home is definitely or probably a better investment than buying stocks. Last week, a Gallup Poll reaffirmed those findings. In an...
by Wells Funding Group | May 14, 2021 | For Sellers, FSBOs, Infographics, Selling Myths
Some Highlights Selling a house is no small task. If you decide to try to do it on your own, keep in mind you’ll be responsible for all the expert-level work of a real estate professional. The vital tasks an agent manages for you include listing and marketing your...
by Wells Funding Group | May 13, 2021 | For Sellers, Housing Market Updates, Move-Up Buyers
Homebuyers are flooding the housing market right now to take advantage of record-low mortgage rates. Many have a sense of urgency to find a home soon since experts forecast a steady rise in both rates and home prices this year and next. As a result, buyer demand...
by Wells Funding Group | May 12, 2021 | Distressed Properties, For Sellers, Foreclosures, Housing Market Updates, Selling Myths
Over the past year, the pandemic made it challenging for some homeowners to make their mortgage payments. Thankfully, the government initiated a forbearance program to provide much-needed support. Unless they’re extended once again, some of these plans and the...
