What Past Recessions Tell Us About the Housing Market

by Wells Funding Group | Jan 16, 2023 | For Buyers, For Sellers, Housing Market Updates

It doesn’t matter if you’re someone who closely follows the economy or not, chances are you’ve heard whispers of an upcoming recession. Economic conditions are determined by a broad range of factors, so rather than explaining them each in depth, let’s lean on the...

Is It Time To Sell Your Second Home?

by Wells Funding Group | Jan 12, 2023 | For Sellers, Housing Market Updates, Luxury Market

During the pandemic, second homes became popular because of the rise in work-from-home flexibility. That’s because owning a second home, especially in the luxury market, allowed those homeowners to spend more time in their favorite places or with different home...

Planning To Sell Your House? It’s Critical To Hire a Pro.

by Wells Funding Group | Dec 29, 2022 | For Sellers, FSBOs, Selling Myths

With higher mortgage rates and moderating buyer demand, conditions in the housing market are different today. And if you’re thinking of selling your house, it’s important to understand how the market has changed and what that means for you. The best way to make sure...

Confused About What’s Going on in the Housing Market? Lean on a Professional.

by Wells Funding Group | Dec 27, 2022 | Buying Myths, For Buyers, For Sellers, Selling Myths

If you’re thinking about buying or selling a home, you probably want to know what’s really happening with home prices, mortgage rates, housing supply, and more. That’s not an easy task considering how sensationalized headlines are today. Jay Thompson, Real Estate...

What To Expect From the Housing Market in 2023

by Wells Funding Group | Dec 21, 2022 | For Buyers, For Sellers, Housing Market Updates, Interest Rates, Pricing

The 2022 housing market has been defined by two key things: inflation and rapidly rising mortgage rates. And in many ways, it’s put the market into a reset position. As the Federal Reserve (the Fed) made moves this year to try to lower inflation, mortgage rates more...

Homeowners Still Have Positive Equity Gains over the Past 12 Months

by Wells Funding Group | Dec 20, 2022 | For Sellers, Housing Market Updates, Pricing

If you’re a homeowner, your net worth got a big boost over the past few years thanks to rapidly rising home prices. Here’s how it happened and what it means for you, even as the market moderates. Equity is the current value of your home minus what you owe on the loan....