by Wells Funding Group | Sep 2, 2021 | For Buyers, For Sellers, Housing Market Updates, Interest Rates, Pricing
There are many headlines out there that claim we’re reverting to a more normal real estate market. That would indicate the housing market is returning to the pre-pandemic numbers we saw from 2015-2019. But that’s not happening. The market is still extremely vibrant as...
by Wells Funding Group | Sep 1, 2021 | Buying Myths, First Time Home Buyers, For Buyers, Rent vs. Buy
As rent prices continue to soar, many renters want to know what they can do to get ready to buy their first home. According to recent data from ApartmentList.com: “The first half of 2021 has seen the fastest growth in rent prices since the start of our estimates in...
by Wells Funding Group | Aug 31, 2021 | Buying Myths, For Buyers, For Sellers, Housing Market Updates, Pricing
It’s economy 101 – when supply is low and demand is high, prices naturally rise. That’s what’s happening in today’s housing market. Home prices are appreciating at near-historic rates, and that’s creating some challenges when it comes to home appraisals. In recent...
by Wells Funding Group | Aug 30, 2021 | First Time Home Buyers, For Buyers, Rent vs. Buy
Becoming financially secure is an important goal for many people today, but some don’t realize just how much homeownership can help them achieve that dream. A recent report, The Journey Toward Financial Freedom, surveys Americans about their perspective on financial...
by Wells Funding Group | Aug 26, 2021 | First Time Home Buyers, For Buyers, Interest Rates, Pricing, Rent vs. Buy
There are many non-financial benefits of buying your own home. However, today’s headlines seem to be focusing primarily on the financial aspects of homeownership – specifically affordability. Many articles are making the claim that it’s not affordable to buy a home in...
by Wells Funding Group | Aug 23, 2021 | First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers
Mortgage rates are hovering near record lows, and that’s good news for today’s homebuyers. The graph below shows mortgage rates dating back to 2016 and where today falls by comparison. Generally speaking, when rates are low, you can afford more home for your money....
