A Drop in Equity Doesn’t Mean Low Equity
Media coverage often mentions a decline in homeowner equity, which is closely tied to home values. When home prices rise, equity grows, and when prices fall, so does equity. Recently, home prices experienced a slight drop in the latter half of 2022, impacting equity. However, despite this dip, homeo
Are Home Prices Going Up or Down? That Depends…
The media's coverage of home prices can often be perplexing, primarily because of the data utilized and the aspects they emphasize. When it comes to comparing home prices over various time periods, two distinct methods are employed: year-over-year (Y-O-Y) and month-over-month (M-O-M). Let's delve in
The Main Reason Mortgage Rates Are So High
Today’s mortgage rates are top-of-mind for many homebuyers right now. As a result, if you’re thinking about buying for the first time or selling your current house to move into a home that better fits your needs, you may be asking yourself these two questions: Why Are Mortgage Rates So High? When W
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