by Wells Funding Group | May 28, 2021 | For Sellers, Housing Market Updates, Infographics, Move-Up Buyers
Some Highlights In today’s whirlwind real estate market, houses are selling at astonishing speed – from sea to shining sea. Four years ago, the average house spent 39 days on the market. Two years ago, homes were on the market for about 24 days. Today, that number has...
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 17, 2021 | Buying Myths, Down Payments, First Time Home Buyer, For Buyers, Move-Up Buyers, Pricing
When buying a home, it’s important to have a budget and make sure you plan ahead for certain homebuying expenses. Saving for a down payment is the main cost that comes to mind for many, but budgeting for the closing costs required to get a mortgage is just as...
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 10, 2021 | For Sellers, Housing Market Updates, Move-Up Buyers, Selling Myths
There’s no doubt that 2021 is the year of the seller when it comes to the housing market. If you’re a homeowner thinking of moving to better suit your changing needs, now is the perfect time to do so. Low mortgage rates are in your favor when you’re ready to purchase...
