by Wells Funding Group | Oct 6, 2021 | First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, Pricing
There’s a well-known economic theory – the law of supply and demand – that explains what’s happening with prices in the current real estate market. Put simply, when demand for an item is high, prices rise. When the supply of the item increases, prices fall. Of course,...
by Wells Funding Group | Oct 5, 2021 | First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers
Every Thursday, Freddie Mac releases the results of their Primary Mortgage Market Survey which reveals the most recent movement in the 30-year fixed mortgage rate. Last week, the rate was announced as 3.01%. It was the first time in three months that the mortgage rate...
by Wells Funding Group | Sep 30, 2021 | First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, Pricing
Homeownership is still a crucial part of the American dream. For those people who own a home (and those looking to buy one), it’s clear that being a homeowner has considerable benefits both emotionally and financially. In addition to long-term stability, buying a home...
by Wells Funding Group | Sep 28, 2021 | First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers
Are you looking to buy a home? If so, we’ve got good news for you. While there’s no denying the housing market is having a great year, many of the headlines are focused on the perks for sellers. But what about buyers today? As a buyer, you’re likely braving bidding...
by Wells Funding Group | Sep 27, 2021 | Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers
In today’s real estate market, buyers shouldn’t shop for a home with the expectation they’ll be able to negotiate a lower sales price. In a typical housing market, buyers try to determine how much less than the asking price they can offer and still get the home. From...
by Wells Funding Group | Sep 24, 2021 | For Sellers, Housing Market Updates, Infographics, Move-Up Buyers, Pricing
Some Highlights Due to low supply and high demand, today is one of the strongest sellers’ markets we’ve seen. Sellers can benefit from more offers to pick from, higher home values, and a faster sales process. That might be why 73% of people believe it’s a good time to...
