by Wells Funding Group | Aug 31, 2022 | First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers
One of the top stories in recent real estate headlines was the intensity and frequency of bidding wars. With so many buyers looking to purchase a home and so few of them available for sale, fiercely competitive bidding wars became the norm during the pandemic – and it...
by Wells Funding Group | Aug 25, 2022 | First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers
If you’re thinking about buying a home, you likely have a lot of factors on your mind. You’re weighing your own needs against higher mortgage rates, today’s home prices, and more to try to decide if you want to jump into the market. While some buyers may wait things...
by Wells Funding Group | Aug 22, 2022 | Buying Myths, First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers, Pricing
If you put off your home search at any point over the past two years, you may want to consider picking it back up based on today’s housing market conditions. Recent data shows the supply of homes for sale is increasing, giving buyers like you additional options. But...
by Wells Funding Group | Aug 15, 2022 | First Time Home Buyers, For Buyers, Housing Market Updates, Rent vs. Buy
The desire to own a home is still strong today. In fact, according to the Census, the U.S. homeownership rate is on the rise. To illustrate the increase, the graph below shows the homeownership rate over the last year: That data shows more than half of the U.S....
by Wells Funding Group | Aug 10, 2022 | First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers
If you tried to buy a home during the pandemic, you know the limited supply of homes for sale was a considerable challenge. It created intense bidding wars which drove home prices up as buyers competed with one another to be the winning offer. But what was once your...
by Wells Funding Group | Aug 3, 2022 | First Time Home Buyers, For Buyers, Pricing, Rent vs. Buy
If rising home prices leave you wondering if it makes more sense to rent or buy a home in today’s housing market, consider this. It’s not just home prices that have risen in recent years – rental prices have skyrocketed as well. As a recent article from realtor.com...
