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The biggest challenge the housing market’s facing is how few homes there are for sale. Mark Fleming, Chief Economist at First American, explains the root causes of today’s low supply:“Two dynamics are keeping existing-home inventory historically low – rate-locked existing…
The recent changes in home prices are top of mind for many as the housing market begins gearing up for spring. It can be hard to navigate misleading headlines and confusing data, so here’s what you should know about today’s…
If you’re thinking about buying a home, you might be focusing on previously owned ones. But with so few houses for sale today, it makes sense to consider all your options, and that includes a home that’s newly built.The Number…
![[:en]Why It’s Easy To Fall in Love with Homeownership[:]](https://www.primemortgage.com/wp-content/uploads/2023/02/why-its-easy-to-fall-in-love-with-homeownership-KCM.jpg)
Before you buy a home, it’s important to plan ahead. While most buyers consider how much they need to save for a down payment, many are surprised by the closing costs they have to pay. To ensure you aren’t caught…
![How To Win as a Buyer in Today’s Housing Market [INFOGRAPHIC]](https://www.primemortgage.com/wp-content/uploads/2023/02/How-To-Win-As-A-Buyer-In-Todays-Housing-Market-KCM-Share.jpg)
Some Highlights In today’s housing market, you can still be the champion if you have the right team and strategy. To win as a buyer, you need to build your team, make strategic plays, consider what’s in and out of…
67% of Americans say a housing market crash is imminent in the next three years. With all the talk in the media lately about shifts in the housing market, it makes sense why so many people feel this way. But…
![You May Not Need as Much as You Think for Your Down Payment [INFOGRAPHIC]](https://www.primemortgage.com/wp-content/uploads/2023/02/You-May-Not-Need-As-Much-As-You-Think-For-Your-Down-Payment-KCM-Share.png)
Some Highlights Many people believe you need to put down 20% of the purchase price when you buy a home. But recent homebuyers actually put down far less on their purchase. And with programs like FHA loans, VA loans, and…
The housing market has gone through a lot of change recently, and much of that was a result of how quickly mortgage rates rose last year.Now, as we move through 2023, there are signs things are finally going to turn…
![Homeownership Builds Your Wealth over Time [INFOGRAPHIC]](https://www.primemortgage.com/wp-content/uploads/2023/01/Homeownership-Builds-Your-Wealth-In-The-Over-Time-KCM-Share.png)
Some Highlights If you’re thinking of buying a home this year, be sure to factor in the long-term benefits of homeownership. On average, nationwide, home prices appreciated by 288.7% over the last 32 years. That means homeowners grow their net…