Buying a home is one of the most significant milestones in life. Apart from the obvious advantage of owning a roof over your head, homeownership has so much more to offer. For instance, homeownership has proven to be beneficial in various aspects of life, such as health, community involvement, and financial literacy. In this blog, we will discuss the five most significant social benefits of homeownership. Civic Participation: Homeownership has a significant impact on community … [Read more...]

You may see media coverage talking about a drop in homeowner equity. What’s important to understand is that equity is tied closely to home values. So, when home prices appreciate, you can expect equity to grow. And when home prices decline, equity does too. Here’s how this has played out recently. Home prices rose rapidly during the ‘unicorn’ years. That gave homeowners a considerable equity boost. But those ‘unicorn’ years couldn’t last forever. The market had to moderate at some point, and … [Read more...]

If you’re thinking about selling your house right now, chances are it’s because something in your life has changed. And, while things like mortgage rates are a key part of your decision on what you’ll buy next, it’s important to not lose sight of the reason you want to make a change in the first place. It’s true mortgage rates have climbed from the record lows we saw in recent years, and that has an impact on affordability. With rates where they are right now, some homeowners are deciding … [Read more...]