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If you’ve been keeping up with the news lately, you’ve probably come across some articles saying the number of foreclosures in today’s housing market is going up. The reality is, while increasing, the data shows a foreclosure crisis is not where the market is headed. The Headlines Make the Increase Sound Dramatic – But It’s Not The increase the media is calling attention to is a little bit misleading. That’s because it’s comparing the most recent numbers to a time when foreclosures were at historic lows. And that lopsided comparison is making it sound like a much bigger deal than it actually is... #realestatenews #realestatemarket #realtorhanoverpa
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Do You Know How Much Equity You Have? #sellyourhouse #realestatetips #affordability #realtorhanoverpa
Do You Know How Much Equity You Have?
simplifyingthemarket.com
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Over the past year or so, a lot of people have been talking about how tough it is to buy a home. And while there’s no arguing affordability is still tight, there are signs it’s starting to get a bit better and may improve even more throughout the year. 1. Mortgage Rates Despite the recent volatility, rates are still lower than they were last fall when they reached nearly 8%. On top of that, most experts still think they’ll come down some over the course of the year. Any drop in rates can make a difference for you. When rates go down, you can afford the home you really want more easily because your... #realestatenews #realestateagent #realtorhanoverpa
Is It Getting More Affordable To Buy a Home?
simplifyingthemarket.com
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According to recent data from Fannie Mae, almost 1 in 4 people still think home prices are going to come down. If you’re one of the people worried about that, here’s what you need to know. A lot of that fear is probably coming from what you’re hearing in the media or reading online. But here’s the thing to remember. Negative news sells. That means, you may not be getting the full picture. You may only be getting the clickbait version. As Jay Thompson, a Real Estate Industry Consultant, explains: “Housing market headlines are everywhere. Many are quite sensational, ending with exclamation points or... #realestatenews #realestateagent #realtorhanoverpa
What You Really Need To Know About Home Prices
simplifyingthemarket.com
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You may have seen reports in the news recently saying it’s more affordable to rent right now than it is to buy a home. How Equity Changes the Game If you rent, your monthly rental payments only go toward covering your housing costs and your landlord’s expenses. So other than saving a bit more per month and maybe getting your rental deposit back when you move, the money you spent on housing each month is gone – forever. When you buy, your monthly mortgage payment pays for your shelter, but it also acts as an investment. That investment grows in the form of equity as you make your mortgage payment each... #firsttimehomebuyer #opportunity #realtorhanoverpa
Is It Better To Rent Than Buy a Home Right Now?
simplifyingthemarket.com
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2024 Housing Market Mythbusting #realestatetips #realestateadvice #realestateexperts #realtorhanoverpa
2024 Housing Market Mythbusting
simplifyingthemarket.com
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