Category: Featured Post
Key takeaways: If you have the means, now may be a good time to buy a house. The median U.S. home sale price hit $435,000 in October, following 16 months of year-over-year gains. Daily average mortgage rates topped 7% and... Read More
Key takeaways Rent concessions are generally one-time incentives, like three months of free parking, six weeks of free rent, or a waived security deposit Concessions can be great for a renter’s budget by reducing short-term housing expenses, but can lead to surprisingly high costs... Read More
When you’re buying a home, one of the most important pieces of the puzzle is working with a real estate agent to guide you through the process. But how do these agents get paid, and who is responsible for covering their fees? This is where buyer agency compensation... Read More
Key takeaways: The Fed just lowered their interest rate benchmark by 0.5%, which may be good news for homebuyers waiting for lower mortgage rates. If you want to beat the competition, now is a great time to buy a house. Daily average mortgage rates... Read More
When buying or selling a home, understanding real estate commissions is essential. These fees, typically a percentage of the final sale price, compensate agents for their services in guiding you through the process. However, contrary to popular belief, real estate commissions aren’t set in stone and can be... Read More
A buyer agency agreement outlines the formal relationship between a homebuyer and their real estate agent. But is it something you really need, and how does it impact your home search? With the recent National Association of Realtors (NAR) settlement, which took effect on August 17, the way... Read More
The short answer to the question “Are mortgage rates dropping?” is yes. On August 5th, daily average 30-year fixed mortgage rates dropped to 6.43% which is the lowest since April 2023. For home buyers, this poses a great opportunity to enter the market after over a year of... Read More
Are you buying or selling a home? Then you might be wondering: “Who pays the real estate agent?” Traditionally, this cost has been shouldered by the seller, but recent changes have brought new dynamics into play. The National Association of Realtors (NAR) and... Read More
Mortgage interest rates are always changing – moving up and down each day, even each hour. These quick changes can impact the amount you pay when you refinance or close on your mortgage. In early August 2024, interest rates dropped to 6.34%, their lowest... Read More
There are important changes happening in the real estate industry this month. The National Association of Realtors and multiple listing service (MLS) have implemented new rules about how real estate agents communicate about real estate fees. The changes provide greater... Read More
Choosing the right home loan is a crucial step in your homebuying journey. With various mortgage types available, navigating the options can be overwhelming. Whether you’re looking to buy your first home in Austin... Read More
Daily average mortgage rates recently dropped to 6.34%, the lowest for a 30-year fixed mortgage since April 2023. Rates have since ticked up slightly, but they are still near... Read More