There’s no denying the long-term financial benefits of owning a home, but today’s housing market may have you wondering if now’s still the time to buy. While the financial aspects of buying a home are important, the non-financial and emotional reasons are too.
Home means something different to all of us. Whether it’s sharing memories with loved ones at the kitchen table or settling in to read a book in a favorite chair, the emotional connections to our homes can be ju...
Every time there’s a news segment about the housing market, we hear about the affordability challenges buyers are facing today. Those headlines are focused on how much mortgage rates have climbed this year. And while it’s true rates have risen dramatically, it’s important to remember they aren’t the only factor in the affordability equation.
Here are three measures used to establish home affordability: home prices, mortgage rates, and wages. Let’s look closely at each one.
1. Mortgage Rates
Thi...
While the Federal Reserve is working hard to bring down inflation, the latest data shows the inflation rate is still high, remaining around 8%. This news impacted the stock market and added fuel to the fire for conversations about a recession.
You’re likely feeling the impact in your day-to-day life as you watch the cost of goods and services climb. The pinch it’s creating on your wallet and the looming economic uncertainty may...
Zion joined EXIT Greater Realty in July and is excited to get started in Real Estate! Zion has always had a passion for real estate, and architectural design. From the Medford area Zion has a large family with 13 siblings. He is an energetic and outgoing person who will take on any challenge. Some of the things Zion loves to do is be in nature, hunt, and travel along with coffee. Since Zion has joined EXIT Greater Realty he has gone on multiple showings, and has helped a client with an Accepted...
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