California Mortgages – Tinigard http://tinigard.info/ Wed, 23 Nov 2022 03:56:59 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://tinigard.info/wp-content/uploads/2021/05/default1-150x150.png California Mortgages – Tinigard http://tinigard.info/ 32 32 The Agency expands into title and mortgage https://tinigard.info/the-agency-expands-into-title-and-mortgage/ Tue, 22 Nov 2022 23:41:04 +0000 https://tinigard.info/the-agency-expands-into-title-and-mortgage/ The agency is now expanding into title insurance, mortgage, escrow, home inspection and home warranty, the Los Angeles-based real estate brokerage announced Tuesday. The reason for the company’s expansion into core real estate services is the increased demand for high-quality and consistent boutique-style services, said Rainy Hake Austin, president of The Agency. The company is […]]]>

The agency is now expanding into title insurance, mortgage, escrow, home inspection and home warranty, the Los Angeles-based real estate brokerage announced Tuesday.

The reason for the company’s expansion into core real estate services is the increased demand for high-quality and consistent boutique-style services, said Rainy Hake Austin, president of The Agency.

The company is growing in mortgage at a difficult time for lenders due to rising interest rates.

Mauricio Umansky, CEO of the Agency, said in a statement that the program was launched with the help of strategic partnerships with other companies to address the entire process of buying and selling a home. .

“At The Agency, we continually strive to revolutionize and simplify the buying and selling process and our core real estate services program is a shining example of this,” Umansky added.

These partnerships include alliances with an Ohio-based distributed retail mortgage lender National Mortgage, home warranty provider Choice Home Warranty and home inspection company Pillar to post.

California-based agents and clients can access agency partner services Commitment closed, who acts as a neutral third party for real estate transactions, and my disclosure of natural hazards Where myNHD, which provides reports on whether a property is in a common danger zone in the state.

“Expanding our core real estate services enables our agents to provide their clients with top-notch service and advice throughout the transaction process,” said Burke Smith, executive vice president of affiliated businesses at The Agency, in the press release.

The new program aligns with the brokerage’s divisions, including the Relocation Department and the Agency Development Group. The company intends to expand its services both locally and internationally, the statement said.

The brokerage has seen top teams leave and join in recent weeks. On Monday, real estate professionals Taso Tsakos and Keri O’Reilly left The Agency joins the competing brokerage Engel & Volkers.

Meanwhile, Los Angeles-based luxury agent Zach Goldsmith, former team leader at Hilton & Hyland – joined The agency with his team earlier this month. Goldsmith has sold over $1 billion in real estate while his team sold over $110 million in 2021.

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FTX Mess, Lower Mortgage Rates https://tinigard.info/ftx-mess-lower-mortgage-rates/ Thu, 17 Nov 2022 23:33:41 +0000 https://tinigard.info/ftx-mess-lower-mortgage-rates/ NEW YORK (AP) — The man who had to clean up the mess at Enron says the situation at FTX is even worse, describing what he calls a “complete failure” of corporate control. The filing of John Ray III, the bankrupt cryptocurrency firm’s new CEO, presents a damning description of FTX’s operations under its founder […]]]>

NEW YORK (AP) — The man who had to clean up the mess at Enron says the situation at FTX is even worse, describing what he calls a “complete failure” of corporate control. The filing of John Ray III, the bankrupt cryptocurrency firm’s new CEO, presents a damning description of FTX’s operations under its founder Sam Bankman-Fried, from the lack of security controls to the trading funds used to buy houses and luxuries from employees. “Never in my career have I seen such a complete failure of corporate controls and such a complete absence of reliable financial reporting as has happened here,” Ray said.

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Elizabeth Holmes faces judgment day for her crimes against Theranos

SAN JOSE, Calif. (AP) — A federal judge will decide on Friday whether disgraced Theranos CEO Elizabeth Holmes should serve a lengthy prison sentence for deceiving investors and endangering patients while peddling fake testing technology blood. Holmes’ sentencing in the same San Jose, Calif., courtroom where she was found guilty of four counts of investor fraud and conspiracy in January marks a culminating moment in a saga that has been dissected in an HBO documentary and award-winning Hulu TV series about her meteoric rise and mortifying fall. U.S. District Judge Edward Davila will take center stage as he weighs the federal government’s recommendation to send Holmes, 38, to federal prison for 15 years.

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As rates soar, mortgage lenders fight to be ‘last man standing’ https://tinigard.info/as-rates-soar-mortgage-lenders-fight-to-be-last-man-standing/ Tue, 15 Nov 2022 18:31:53 +0000 https://tinigard.info/as-rates-soar-mortgage-lenders-fight-to-be-last-man-standing/ The housing market is “the most interest-rate sensitive segment of the economy”, and the decline in home sales “is not likely to improve” any time soon, the chief economist said last week. by Freddie Mac, Sam Khater. Total transactions for existing single-family homes, apartments and condos fell more than 21% in the United States in […]]]>

The housing market is “the most interest-rate sensitive segment of the economy”, and the decline in home sales “is not likely to improve” any time soon, the chief economist said last week. by Freddie Mac, Sam Khater. Total transactions for existing single-family homes, apartments and condos fell more than 21% in the United States in the third quarter.

In an attempt to survive, non-banks are counting on unique offerings beyond home loans and the strength of their balance sheets to help them weather the worst of the housing rout so that they are always there to offer mortgages when the market finally recovers.

“We want to make sure we’ll be there at the other end of the economic cycle no matter what,” Harit Talwar, president of Better and former consumer banking architect at Goldman Sachs Group Inc., said in an interview. . “We want to be the last man standing.”

Talwar estimates New York-based Better has cut some 7,000 jobs over the past year. As it continues to downsize, the latest round is just 28 positions, according to a filing with the state this month.

Banks were once the main players in originating home loans, but after the collapse of the US housing market, triggering the global financial crisis of 2007 and 2008, de-risking reforms were enacted which led traditional lenders to withdraw from the mortgage market. This retreat allowed non-bank lenders to take over.

Since then, companies such as Detroit-based Rocket and California-based LoanDepot Inc. have dominated the space, with venture capital-backed fintechs also bursting into the business.

“Non-banks took over from banks as they pulled out of what was a very risky business,” said Susan Wachter, professor of real estate at the Wharton School at the University of Pennsylvania. “They did extremely well, very efficiently, especially because they had new systems in place for scalable and rapid capacity increases.”

The COVID-19 crisis and resulting government stimulus efforts, which left consumers awash with cash and sent interest rates to rock bottom levels, fueled a surge in home purchases and mortgage refinances. Mortgage providers created a record $4.3 trillion in home loans last year, according to data provider Black Knight Inc.

When interest rates rose, demand collapsed. Black Knight estimates origination volume will fall to $2.3 trillion this year, and Fannie Mae expects a further drop in 2023. The decline in volume has forced lenders to make quick and deep cuts. Non-banks aren’t the only ones feeling the pain. Citigroup Inc., JPMorgan Chase & Co. and Wells Fargo & Co have all cut staff in their mortgage businesses.

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Don’t expect house prices to fall in 2023, says NAR economist https://tinigard.info/dont-expect-house-prices-to-fall-in-2023-says-nar-economist/ Fri, 11 Nov 2022 23:07:20 +0000 https://tinigard.info/dont-expect-house-prices-to-fall-in-2023-says-nar-economist/ While high mortgage rates, lazy home sales and high inflation have weighed heavily on the housing industry, these issues are unlikely to lead to lower home prices next year, at least according to National Association of Realtors (NAR) Chief Economist Lawrence Yun. In fact, we can see a new rise house prices in 2023, even […]]]>

While high mortgage rates, lazy home sales and high inflation have weighed heavily on the housing industry, these issues are unlikely to lead to lower home prices next year, at least according to National Association of Realtors (NAR) Chief Economist Lawrence Yun.

In fact, we can see a new rise house prices in 2023, even if mortgage rates stay at or near 7%, Yun said.

Yun, who analyzed the current state of the residential market, presented his market outlook for 2023 at the NAR conference in Orlando on Friday.

“In most parts of the country, house prices are holding up as available inventory is extremely low,” Yun said. “Some places are seeing price increases, while others, especially in California, are seeing prices go down.”

While the unprecedented rise in mortgage rates led to a lack of demand from buyers, it has also had a chilling effect on homeowners, who are reluctant to put their homes up for sale in a tough market. In turn, buy inventory levels remained weak in most markets.

Housing market conditions are also fundamentally different from what they were during the Great Recession, according to Yun. As such, there is unlikely to be a significant increase in the inventory of distressed properties on the market – or a subsequent drop in house prices – in the near future.

“The housing inventory is about a quarter of what it was in 2008,” Yun said. “Sales of distressed properties are almost non-existent, at just 2%, and far from the 30% seen during the property crash. Short selling is almost impossible due to the significant price appreciation of the last couple of years.

Moreover, there are signs that mortgage rates have reached 7%, Yun noted. One such example is the October consumer price index, which showed that inflation is rising less than expected.

But while Yun expects to see a 1% increase in the national median house price next year, he noted that some markets will see price increases, while others will see price decreases.

Yun also expects home sales to fall by 7% in 2023. However, he expects 2024 to see a strong rebound in home sales, with an expected 10% increase in home sales. houses and a 5% increase in the national median house price.

While the outlook for 2023 was generally positive, Yun expressed concern about the spread between mortgage rates and the federal funds rate.

“The spread between the 30-year fixed mortgage rate and the government borrowing rate is much higher today than it has been historically,” Yun said. “If we didn’t have this big spread, mortgage rates wouldn’t be 7%, they would be 5.8%. A normal deviation would revive the economy. If inflation went away, then we would see less anxiety in financial markets and lower interest rates, allowing homeowners to refinance.

He also noted that this year’s housing market downturn has had an outsized impact on the country’s overall economic performance.

“The decline in home sales and construction has [brought] drop in GDP,” Yun said. “If the housing market stabilized and did not decline, GDP would be positive.”

Some other forecasts predict lower home sales in 2023, including Goldman Sachsincluding economists expect house prices will drop 5-10% next year.

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Foreclosures increased by more than 50% from 2021 to 2022, reports ATTOM https://tinigard.info/foreclosures-increased-by-more-than-50-from-2021-to-2022-reports-attom/ Wed, 09 Nov 2022 14:48:47 +0000 https://tinigard.info/foreclosures-increased-by-more-than-50-from-2021-to-2022-reports-attom/ ATTOM released its October 2022 U.S. Foreclosure Market Report, which shows there were a total of 32,376 U.S. properties with foreclosure filings — notices of default, scheduled auctions or bank foreclosures — up 57% compared to a year ago, but only up 2% from the previous month. Nationwide, one in 4,339 homes had a foreclosure […]]]>

ATTOM released its October 2022 U.S. Foreclosure Market Report, which shows there were a total of 32,376 U.S. properties with foreclosure filings — notices of default, scheduled auctions or bank foreclosures — up 57% compared to a year ago, but only up 2% from the previous month.

Nationwide, one in 4,339 homes had a foreclosure filing in October 2022. The states with the highest foreclosure rates were Illinois (one in 1,779 homes with a foreclosure filing ); Delaware (one in 2,178 housing units); New Jersey (one in 2,305 housing units); South Carolina (one in 2,711 housing units); and Nevada (one in 2,755 housing units).

“While foreclosure activity continues to slowly and steadily increase since the end of the government moratorium, we are still well below normal levels,” says Rick Sharga, executive vice president of business intelligence at ATTOM. “Foreclosure activity in October was about 59% of pre-pandemic numbers, and at its current rate, foreclosures are unlikely to return to historically normal levels until mid-2023.”

Of the 223 metropolitan statistical areas with a population of at least 200,000, those with the highest foreclosure rates in October 2022 were Fayetteville, North Carolina (one in 1,135 dwellings with a foreclosure record); St. Louis, Mo. (one in 1,177 housing units); Jacksonville, North Carolina (one in 1,203 housing units); Cleveland, Ohio (one in 1,624 housing units); and Spartanburg, SC (one of 1,729 housing units).

Metropolitan areas with populations over 1 million with the worst foreclosure rates in October 2022, including St. Louis, Mo. and Cleveland, Ohio, were Las Vegas, Nevada (one in 2,062 housing units) ; Riverside, California (one in 2,127 housing units); and Chicago, Illinois (one in 2,154 housing units).

Lenders repossessed 4,156 U.S. properties through completed foreclosures (REOs) in October 2022, up 18% from last month and 37% from last year.

“October repossessions were just under 31% of what they were in October 2019,” Sharga adds. “This suggests that foreclosed borrowers were able to sell their homes ahead of the auction, and that a higher percentage of auction properties are being sold to third-party buyers. A further flood of REO homes seems increasingly unlikely to happen so soon.

States with the most REOs in October 2022 included Illinois (1,100 REOs), New York (273 REOs), Pennsylvania (251 REOs), Michigan (239 REOs), and California (194 REOs) .

The major metropolitan statistical areas (MSAs) with populations over 1 million that saw the highest number of REOs in October 2022 included St. Louis, Missouri (841 REOs); Chicago, Ill. (220 REO); New York, NY (147 REO); Philadelphia, Pennsylvania (124 REO); and Detroit, Michigan (98 REO).

Lenders began foreclosures on 21,829 U.S. properties in October 2022, down less than 1% from last month but up 103% from a year ago.

The states with the most foreclosures in October 2022 are California (2,594 foreclosures), Texas (1,901 foreclosures), Florida (1,528 foreclosures), New York (1,362 foreclosures) and Illinois (1,300 seizures).

Major metropolitan areas with populations over 1 million that saw the highest number of foreclosures in October 2022 included New York, NY (1,655 foreclosures); Chicago, Illinois (1,107 foreclosure openings); Los Angeles, CA (816 seizure starts); Philadelphia, Pennsylvania (788 foreclosure starts); and Miami, Florida (583 seizures).

Image: “Foreclosure” by taberandrew is licensed under DC BY 2.0 .

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Mortgage coach, Polly teams up amid a rapidly declining industry https://tinigard.info/mortgage-coach-polly-teams-up-amid-a-rapidly-declining-industry/ Tue, 01 Nov 2022 20:55:03 +0000 https://tinigard.info/mortgage-coach-polly-teams-up-amid-a-rapidly-declining-industry/ Mortgage technology companies Mortgage Advisor and Polly have partnered on a new application programming interface (API) integration that guides borrowers through a visual representation of their loan options. The goal is to help drive business for lenders during an extremely difficult time in the industry. Mortgage Coach, founded in 2009 and based in California, offers […]]]>

Mortgage technology companies Mortgage Advisor and Polly have partnered on a new application programming interface (API) integration that guides borrowers through a visual representation of their loan options. The goal is to help drive business for lenders during an extremely difficult time in the industry.

Mortgage Coach, founded in 2009 and based in California, offers a interactive borrower education platform which allows loan officers to guide borrowers through a visual presentation of their loan options. San Francisco-based fintech Polly is a software-as-a-service mortgage technology company that operates a product and pricing engine (PPE) and loan trading exchange.

The new API integration will feed real-time data from Polly’s cloud-based EPI into Mortgage Coach’s Total Cost Analysis (TCA) presentation. This will allow borrowers to see accurate, side-by-side home loan comparisons, Mortgage Coach and Sales Boomerang said.

“Lenders invest a great deal of time and money in creating diverse portfolios of loan products designed to meet the unique needs of borrowers, but these products are often underused,” said Joe Puthur, Mortgage Advisor and Director of Boomerang Loans, in a statement.

Puthur expects Polly’s product and pricing data in Mortgage Coach TCA presentations will help lenders reach a wider customer base by offering a range of financial solutions.

Sales Boomerang and Mortgage Coach merged in June, six months after the private equity firm LLR Partners invested $80 million in the two companies.

The companies claim to have built the industry’s first Borrower Intelligence Platform (BIP) for mortgage advisers, who can use the platform to contact potential borrowers and guide them through loan comparisons. The goal is to allow potential borrowers to compare product offerings and examine the impact of each scenario on short-term monthly cash flow and long-term net worth.

But with the industry struggling to stay afloat, Sales Boomerang and Mortgage Coach have downsized by at least 20 employees in October. According to the companies’ internal documents, the affected positions ranged from sales managers and project managers to software engineers and executive assistants.

After its launch in 2019, Polly raised approximately $57 million three rounds of funding. In January, the company raised $37 million in Series B funding, led by venture capital firm Menlo Ventures. Movement Mortgage, First American Financial and FinVC have joined existing investors 8VC, Khosla Ventures and Fifth Wall.

As part of its effort to navigate the bottom of the market, the SaaS company teams up with mortgage insurersincluding Arc MI, Enact and national IM, to streamline the mortgage process of calculating, quoting and comparing mortgage insurance offers.

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Ben Affleck and other celebrities are giving up their real estate, here’s how much they’re making on sales https://tinigard.info/ben-affleck-and-other-celebrities-are-giving-up-their-real-estate-heres-how-much-theyre-making-on-sales/ Sat, 29 Oct 2022 22:04:10 +0000 https://tinigard.info/ben-affleck-and-other-celebrities-are-giving-up-their-real-estate-heres-how-much-theyre-making-on-sales/ US home prices continued to climb despite rising mortgage rates. According to the National Association of Realtors (NAR), the median home price jumped nearly every month in 2022. For example, it hit a record high of $413,800 in June. before dropping to $389,500 in August. Last week, the mortgage rate rose above 7% to its […]]]>

US home prices continued to climb despite rising mortgage rates. According to the National Association of Realtors (NAR), the median home price jumped nearly every month in 2022. For example, it hit a record high of $413,800 in June. before dropping to $389,500 in August.

Last week, the mortgage rate rose above 7% to its highest level since 2002. According to the Freddie Mac report, fixed rate mortgage rates rose to 7.08% from 6.94 % the previous week and 3.14% last year.

“As inflation lingers, consumers are seeing higher costs at every turn, driving consumer confidence down further this month,” Sam KhaterFreddie Mac’s chief economist, said in a statement.

“Many potential home buyers are choosing to wait and see where the housing market ends up, pushing demand and home prices even lower,” Khater added.

Meanwhile, celebrities across the United States are busy making big real estate moves. Here are some of the celebrities flaunting their properties at sky-high prices.

Read also : How investing in real estate may have gotten easier

The host of “Celebrity IOU: Joyride”, Anstead ant intends to sell his Lagoon Beach Cottage for $3.3 million. Anstead bought the house for $2.8 million in 2021.

The cottage is spread over 1,968 square feet and was built in 1929. The house sits on a 6,925 square foot lot above Woods Cove. The house offers views of Catalina Island and the coast.

Star “Harry Potter” Daniel Radcliffe recently sold his condo in Manhattan for $5.3 million.

Radcliffe bought it for $4.9 million in 2008, and the condo is 2,445 square feet. Facilities at Old Radcliffe House include a doorman, concierge, gym, on-site parking, bike storage and children’s playroom.

hollywood star Ben Affleck recently sold his 13,500 square foot home for $30 million to an unknown buyer. The property has seven bedrooms, nine bathrooms, a gym, screening room, and spa.

Affleck bought the house for $19.2 million in 2018. Affleck moved into his new home with his wife, Jennifer Lopezand five children.

Star of the television series “Dallas” Patrick Dufy plans to sell his mansion on the Rogue River outside of Medford, OR. The actor is asking $14 million for his 383-acre property.

There are four bedrooms and four bathrooms in the 3,010 square foot home. Duffy’s property includes 100 acres of irrigated land and a private 1-acre lake. The property also has a spa cabin, a wine cellar, a pool house, a large garden and two guest houses.

Actress Sandra Bullock plans to sell his real estate property for $6 million. The estate is comprised of three lots in Valley Center, California, approximately 40 miles northeast of San Diego, spread over 91 acres.

She bought the land in 2007 for an unknown amount. The property features four-bedroom suites as well as avocado and citrus trees. The main house is an area of ​​6,000 square feet.

Politician Mitt Romney recently sold its Utah lodge for $11.5 million. The mountain estate is in Deer Valley in Park City. Romney bought the property in 2013 for over $9 million.

Spread over 8,700 square feet, the estate includes six bedrooms and 7.5 bathrooms.

Thinking of investing in properties for passive income? Here’s how you can invest in a rental home for as little as $100.

Photo: Courtesy of Skidmore Gage on flickr

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© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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CitiMortgage Mortgage Review 2022 – Forbes Advisor https://tinigard.info/citimortgage-mortgage-review-2022-forbes-advisor/ Tue, 25 Oct 2022 08:00:00 +0000 https://tinigard.info/citimortgage-mortgage-review-2022-forbes-advisor/ CitiMortgage offers home loans in all 50 states. As of September 2, 2022, the company’s rates are lower than national averages. However, while the company provides sample purchase and refinance interest rates on its website, these are based on a $200,000 primary residence with a $150,000 mortgage. Considering that the median house in Los Angeles […]]]>

CitiMortgage offers home loans in all 50 states. As of September 2, 2022, the company’s rates are lower than national averages.

However, while the company provides sample purchase and refinance interest rates on its website, these are based on a $200,000 primary residence with a $150,000 mortgage. Considering that the median house in Los Angeles costs nearly $1 million, these rates may not apply to your situation. To get a more accurate rate, you will need to call the company.

Types of loan

CitiMortgage offers the following types of home loans:

In addition to fixed rate products, CitiMortgage offers adjustable rate mortgages (ARM) with repayment terms of 3 to 10 years. However, although FHA and VA loans are available through CitiMortgage, you will need to consider other lenders if you are interested in one. USDA loan. Also remember that applications for home equity loans and HELOCs remained suspended as of September 2022.

Additionally, new or existing CitiMortgage customers who open a deposit account before their mortgage closes can receive a $500 reduction on their closing costs with an account balance of $1 to $49,999.99. or discounts on their rate with higher balances. Note that you must maintain this balance for five to six business days (depending on account type) after approval, as well as set up automatic payments on your mortgage from your deposit account to qualify for these benefits. .

Closing cost assistance of up to $7,500 is also available for low-income borrowers who live in certain areas.

Minimum loan

CitiMortgage does not publicly disclose its minimum loan amount. If you are looking for a small mortgage loan to pay for a cheaper home, you’ll need to contact CitiMortgage to see if it can meet your needs.

Maximum loan

The maximum you can borrow will depend on the type of mortgage you want as well as your financial qualifications. CitiMortgage offers jumbo loans to eligible borrowers, which typically range up to $647,200 for a single-family home in most areas and up to $970,800 in high-cost areas like New York and San Francisco.

To find out the maximum loan amount you may qualify for, you will need to contact CitiMortgage.

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Online inflation checks by state: California, Florida, Texas… | Student loan, SSA updates… https://tinigard.info/online-inflation-checks-by-state-california-florida-texas-student-loan-ssa-updates/ Wed, 19 Oct 2022 23:23:54 +0000 https://tinigard.info/online-inflation-checks-by-state-california-florida-texas-student-loan-ssa-updates/ Will California get more inflation support payments? As gasoline prices in the Golden State continue to rise, contrary to other trends seen around the country, Governor Newsom has proposed a windfall tax on oil and gas companies. The proposal would impose an additional tax on income earned beyond what was seen last year. This tax […]]]>

Will California get more inflation support payments?

As gasoline prices in the Golden State continue to rise, contrary to other trends seen around the country, Governor Newsom has proposed a windfall tax on oil and gas companies. The proposal would impose an additional tax on income earned beyond what was seen last year. This tax would take into account the increase in costs incurred by customers, and the total accumulated by the state would then be redistributed to drivers.

Newsom’s office released the plan after a report revealed that “California consumers paid $2.61 per gallon in gasoline prices more than the average price in the United States as of October 4, 2022.” The bureau even accused oil refiners of slowing production to create shortages that drive up costs.

“Five refiners—Chevron, Marathon Petroleum, PBF Energy, Phillips 66 and Valero—produce 97% of the state’s gasoline. They are able to restrict the supply of gasoline to drive up gasoline prices. They constantly restricted supply and artificially raised their prices far beyond their costs.

It’s unclear when the legislature will be able to vote on the bill, but many in the Golden State support the measure, as pump prices are reaching over $7/gallon in some areas. The division created by the windfall tax could help families next year, but for many the relief couldn’t come soon enough.

Learn more about California Inflation Reduction Checks

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Is it the right time to buy a house? https://tinigard.info/is-it-the-right-time-to-buy-a-house/ Mon, 17 Oct 2022 18:59:39 +0000 https://tinigard.info/is-it-the-right-time-to-buy-a-house/ Deciding whether or not to buy a home is one of the most important financial decisions you can make. Not only is this a huge financial decision, but it’s also a hugely emotional one. Anyone who has made an offer, been through a bidding war and lost a home or finally got their dream home […]]]>

Deciding whether or not to buy a home is one of the most important financial decisions you can make. Not only is this a huge financial decision, but it’s also a hugely emotional one. Anyone who has made an offer, been through a bidding war and lost a home or finally got their dream home can agree that the process can have frustrating ups and downs.

The last few years have been increasingly confusing for potential buyers. COVID has caused huge concern about the future of the economy, initially prompting homebuyers to pause purchases. Eventually, lockdowns and remote working and learning inspired many to seek out additional space. This, combined with a low interest rate environment and low inventory, has spurred bidding wars and sent home prices skyrocketing.

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