by The Bingham Team | Feb 28, 2023 | Buyers, Buying Conditions, Helpful Tips, Home Equity, Home value, Inflation, Interest Rates, Mortgage, Real Estate, Selling Conditions
After steadily falling over the winter, mortgage rates have started to rise in recent weeks. This is concerning to some potential homebuyers as the combination of higher mortgage rates and higher prices have made homes less affordable. So, if you’re planning to...
by The Bingham Team | Feb 28, 2023 | Blog, Buyers, Buying Conditions, Helpful Tips, Home Equity, Home value, Inflation, Interest Rates, Mortgage, Real Estate
One of the many reasons to buy a home is that it’s a major way to build wealth and gain financial stability. According to Freddie Mac: “Building equity through your monthly principal payments and appreciation is a critical part of homeownership that can help you...
by The Bingham Team | Jan 31, 2023 | Buyers, Buying Conditions, Downsizing, Helpful Tips, Home Equity, Home Transition, Home value, Inflation, Interest Rates, Mortgage, Real Estate, Sellers, Selling Conditions
It doesn’t matter if you’re someone who closely follows the economy or not, chances are you’ve heard whispers of an upcoming recession. Economic conditions are determined by a broad range of factors, so rather than explaining them each in depth, let’s lean on the...
by The Bingham Team | Jan 31, 2023 | Buyers, Buying Conditions, Helpful Tips, Inflation, Interest Rates, Mortgage, Real Estate
One of the first steps in your homebuying journey is getting pre-approved. To understand why it’s such an important step, you need to understand what pre-approval is and what it does for you. Business Insider explains: “In a preapproval [sic], the lender tells...
by The Bingham Team | Jan 31, 2023 | Blog, Buyers, Buying Conditions, Great Ideas!, Helpful Tips, Home Equity, Home value, Inflation, Interest Rates, Mortgage, Real Estate, Sellers, Selling Conditions
As mortgage rates rose last year, activity in the housing market slowed down. And as a result, homes started seeing fewer offers and stayed on the market longer. That meant some homeowners decided to press pause on selling. Now, however, rates are beginning to come...
by The Bingham Team | Jan 13, 2023 | Buyers, Buying Conditions, Great Ideas!, Helpful Tips, Inflation, Interest Rates, Mortgage, Real Estate
If you’re getting ready to buy your first home, you’re likely focused on saving up for everything that purchase involves. One cost that’s likely top of mind is your down payment. But don’t let a common misconception about how much you need to save make the process...
