A Recession Doesn't Equal a Housing Crisis If you're following the news, you might be wondering what could happen to the housing market if there's a recession. Here's what the data tells us about recessions and home prices. Home prices only fell twice in the last 6 recessions: In 1991 -1.9% … [Read more...]
Why an Agent Is Essential When Pricing Your House [INFOGRAPHIC]
![Why an Agent Is Essential When Pricing Your House [INFOGRAPHIC]](https://tamisavage.com/realtor/wp-content/uploads/2022/06/2022-06-24-Blog-300x169.png)
Some Highlights When it comes to pricing your house, there’s a lot to consider. The only way to ensure you price it right is by partnering with a local real estate professional.To find the best price, your agent balances current market demand, the values of homes in your neighborhood, where … [Read more...]
Homeownership Is a Great Hedge Against the Impact of Rising Inflation
If you’re following along with the news today, you’ve heard about rising inflation. Today, inflation is at a 40-year high. According to the National Association of Home Builders (NAHB): “Consumer prices accelerated again in May as shelter, energy and food prices continued to surge at the fastest … [Read more...]
Things To Avoid After Applying for a Home Loan
Once you’ve applied for a mortgage to buy a home, there are some key things to keep in mind. While it’s exciting to start thinking about moving in and decorating, be careful when it comes to making any big purchases. Here are a few things you may not realize you need to avoid after applying for … [Read more...]
The Average Homeowner Gained $64K in Equity over the Past Year
If you own a home, your net worth likely just got a big boost thanks to rising home equity. Equity is the current value of your home minus what you owe on the loan. And today, based on recent home price appreciation, you’re building that equity far faster than you may expect – here’s how it … [Read more...]
Why Achieving the Dream of Homeownership Can Be More Difficult for Some Americans
Today we take time to honor and recognize the past and present experiences of Black Americans. When it comes to real estate specifically, equitable access to housing has come a long way, but the path to homeownership is still steeper for households of color. The Gap in Homeownership Rate in … [Read more...]
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