What’s Really Happening with Home Prices?
It’s possible you’ve seen news stories mentioning a drop in home values or home price depreciation, but it’s important to remember those headlines are designed to make a big impression in just a few words. But what headlines aren’t always great at is painting the full picture.

While home prices are down slightly month-over-month in some markets, it’s also true that home values are up nationally on a year-over-year basis. The graph below uses the latest data from S&P Case-Shiller to help tell the story of what’s actually happening in the housing market today:

THE MAJORITY OF AMERICANS STILL VIEW HOMEOWNERSHIP AS THE AMERICAN DREAM
BUYING A HOME IS A POWERFUL DECISION, AND IT REMAINS A KEY PART OF THE AMERICAN DREAM. IN FACT, THE 2022 CONSUMER INSIGHTS REPORT FROM MYND FOUND THE MAJORITY OF PEOPLE POLLED STILL VIEW HOMEOWNERSHIP AS A KEY LIFE ACHIEVEMENT. LET’S EXPLORE JUST A FEW OF THE REASONS WHY SO MANY AMERICANS CONTINUE TO VALUE HOMEOWNERSHIP.

FOR OVER 78 YEARS, VETERANS AFFAIRS (VA) HOME LOANS HAVE PROVIDED MILLIONS OF VETERANS WITH THE OPPORTUNITY TO PURCHASE HOMES OF THEIR OWN. IF YOU OR A LOVED ONE HAVE SERVED, IT’S IMPORTANT TO UNDERSTAND THIS PROGRAM AND ITS BENEFITS.
HERE ARE SOME THINGS YOU SHOULD KNOW ABOUT VA LOANS BEFORE YOU START THE HOMEBUYING PROCESS.

Experts agree there’s no chance of a large-scale foreclosure crisis like we saw back in 2008, and that’s good news for the housing market.

THERE’S NO DENYING THE HOUSING MARKET IS UNDERGOING A SHIFT THIS SEASON, AND THAT MAY LEAVE YOU WITH SOME QUESTIONS ABOUT WHETHER IT STILL MAKES SENSE TO SELL YOUR HOUSE. HERE ARE THREE OF THE TOP QUESTIONS YOU MAY BE ASKING – AND THE DATA THAT HELPS ANSWER THEM – SO YOU CAN MAKE A CONFIDENT DECISION.

IF YOU’RE THINKING ABOUT SELLING YOUR HOUSE, YOU’RE LIKELY HEARING ABOUT THE COOLING HOUSING MARKET AND WONDERING WHAT THAT MEANS FOR YOU. WHILE IT’S NOT THE PEAK INTENSITY WE SAW DURING THE PANDEMIC, WE’RE STILL IN A SELLERS’ MARKET. THAT MEANS YOU HAVEN’T MISSED YOUR WINDOW.

IF YOU’RE THINKING ABOUT BUYING A HOME, YOU’RE LIKELY TRYING TO JUGGLE YOUR NEEDS, CURRENT MORTGAGE RATES, HOME PRICES, YOUR SCHEDULE, AND MORE TO TRY TO DECIDE IF YOU WANT TO JUMP INTO THE MARKET.

EACH YEAR, HOMEOWNERS PLANNING TO MAKE A MOVE ARE FACED WITH A DECISION: SELL THEIR HOUSE DURING THE HOLIDAYS OR WAIT. AND OTHERS WHO HAVE ALREADY LISTED THEIR HOMES MAY THINK ABOUT REMOVING THEIR LISTINGS AND WAITING UNTIL THE NEW YEAR TO GO BACK ON THE MARKET.
THE TRUTH IS MANY BUYERS WANT TO PURCHASE A HOME FOR THE HOLIDAYS, AND YOUR HOUSE MIGHT BE JUST WHAT THEY’RE LOOKING FOR. HERE ARE FIVE GREAT REASONS YOU SHOULDN’T WAIT TO SELL YOUR HOUSE.

If you’re a homeowner, odds are your equity has grown significantly over the last few years as home prices skyrocketed and you made your monthly mortgage payments. Home equity builds over time and can help you achieve certain goals. According to the latest Equity Insights Report from CoreLogic, the average borrower with a home loan has almost $300,000 in equity right now.

As you weigh your options, especially in the face of inflation and talk of a recession, it’s important to understand your assets and how you can leverage them. A real estate professional is the best resource to help you understand how much home equity you have and advise you on some of the ways you can use it. Here are a few examples.

With the rapid shift that’s happened in the housing market this year, some people are raising concerns that we’re destined for a repeat of the crash we saw in 2008. But in truth, there are many key differences between what’s happening today and the bubble in the early 2000s.

One of the reasons this isn’t like the last time is the number of foreclosures in the market is much lower now. Here’s a look at why there won’t be a wave of foreclosures flooding the market.