by Wells Funding Group | Sep 28, 2022 | First Time Home Buyers, For Buyers, Housing Market Updates
The historically low inventory over the past few years led to challenges for many buyers trying to find a home that met their needs and their budget. If you’re in the same boat, you should know the recent shift in the housing market may have opened up doors for you to...
by Wells Funding Group | Sep 16, 2022 | First Time Home Buyers, For Buyers, Infographics, Move-Up Buyers
Some Highlights Mortgage pre-approval means a lender has reviewed your finances and, based on factors like your income, debt, and credit history, determined how much you’re qualified to borrow. Being pre-approved for a loan can give you clarity while planning your...
by Wells Funding Group | Sep 15, 2022 | First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers
If you’re thinking about buying a home today, there’s welcome news. Even though it’s still a sellers’ market, it’s a more moderate sellers’ market than last year. And the days of feeling like you may need to waive contingencies or pay drastically over asking price to...
by Wells Funding Group | Sep 13, 2022 | First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers
It’s clear the 2022 housing market has been defined by rising mortgage rates. With rates on the rise, it’s also become more costly to purchase a home. According to the National Association of Realtors (NAR): “Compared to one year ago, the monthly mortgage payment rose...
by Wells Funding Group | Sep 6, 2022 | First Time Home Buyers, For Buyers
Owning a home is a major financial milestone and an achievement to take pride in. One major reason: the equity you build as a homeowner gives your net worth a big boost. And with high inflation right now, the link between owning your home and building your wealth is...
by Wells Funding Group | Sep 1, 2022 | First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, New Construction
According to the U.S. Census Bureau, this year, builders are on pace to complete more than a million new homes in this country. If you’ve had trouble finding a home to buy over the past year, it may be time to work with your trusted agent to consider a new build and...
