Though there are more homes for sale now than there were at this time last year, there’s still an undersupply with fewer houses available than in more normal, pre-pandemic years. The Monthly Housing Market Trends Report from realtor.com puts it this way: “While the number of homes for sale is increasing, it is still 43.2% lower than it was before the pandemic […]
Though the housing market is no longer experiencing the frenzy of a year ago, buyers are showing their interest in purchasing a home. According to U.S. News: “Housing markets have cooled slightly, but demand hasn’t disappeared, and in many places remains strong largely due to the shortage of homes on the market.” That activity can be seen in […]
A home inspection is an important and necessary step when buying or selling a property. A licensed home inspector looks at the major components of a property to ensure they are in good condition and up to standards. This is essential for protecting buyers and sellers, as it helps them make informed decisions and avoids […]
The purpose of Veterans Affairs (VA) home loans is to provide a pathway to homeownership for those who have sacrificed so much by serving our nation. As the Veterans Administration says of the program: “The objective of the VA Home Loan Guaranty program is to help eligible Veterans, active-duty personnel, surviving spouses, and members of the Reserves […]
There’s no denying the long-term financial benefits of owning a home thanks to the appreciation in market value over time, but today’s housing market may have you wondering if now’s still the time to buy. While the financial aspects of buying a home and your design choices are important, the non-financial and emotional reasons are too. Home means something different […]
If you’re thinking about buying or selling a home soon, you probably want to know what you can expect from the housing market this year. In 2022, the market underwent a major shift as economic uncertainty and higher mortgage rates reduced buyer demand, slowed the pace of home sales, made some of the steps in the home buying process […]
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. Because there was […]
The housing market has gone through a lot of change recently, and much of that was a result of how quickly mortgage rates rose last year. Now, as we move through 2023, there are signs things are finally going to turn around. Home price appreciation is slowing from the recent frenzy, mortgage rates are coming down, inflation is easing, and […]
It’s almost impossible to have not heard about rising inflation in recent months. You’re also likely feeling the impact in your day-to-day life as prices go up for gas, groceries, and more. These rising consumer costs can put a pinch on your wallet and make you re-evaluate any big purchases you have planned to ensure […]
Home equity has been a hot topic in real estate news lately. And if you’ve been following along, you may have heard there’s a growing number of homeowners with negative equity. But don’t let those headlines scare you. In truth, the headlines don’t give you all the information you really need to understand what’s happening and at what scale. […]
In Texas, reputation, honesty, and quality still matter. These are the cornerstones of every home built by McNair Custom Homes and the defining principles that John McNair has built his company on. You can see it in every home they build. It’s more than just a dream home…it’s the home you deserve. McNair Custom Homes […]
If you’re thinking about retirement or have already retired this year, you may be planning your next steps. One of your goals could be selling your house and buying a home that more closely fits your needs. Fortunately, you may be in a better position to make a move than you realize. Here are a few things to […]