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Monthly Archives: October 2022

    Taking the Fear out of Saving for a Home

    By Steven Padernacht | October 31, 2022

    If you’re planning to buy a home, knowing what to budget for and how to save may sound scary at first. But it doesn’t have to be. One way to take the fear out of budgeting is understanding some of the costs you might encounter.  And to do that, turn to trusted real estate professionals. They can... Read More

    Applying for a Mortgage Doesn’t Have To Be Scary [INFOGRAPHIC]

    By Steven Padernacht | October 28, 2022

    Some Highlights Even with higher mortgage rates, the mortgage process doesn’t need to be something you fear. Here are some steps to help as you set out to buy a home. Know your credit score and work to build strong credit. When you’re ready, lean on the pros and connect with a lender so you can get pre-approved and begin your home search. Any major life... Read More

    Millennials Are Still a Driving Force of Today’s Buyer Demand

    By Steven Padernacht | October 27, 2022

    If you’re thinking about selling your house but wondering if buyers are still out there, know that there are still people who are searching for a home to buy today. And your house may be exactly what they’re looking for. While the millennial generation has been dubbed the renter generation, that namesake may not be appropriate anymore. Millennials, the... Read More

    What Happens to Housing when There’s a Recession?

    By Steven Padernacht | October 26, 2022

    What Happens to Housing when There’s a Recession? Since the 2008 housing bubble burst, the word recession strikes a stronger emotional chord than it ever did before. And while there’s some debate around whether we’re officially in a recession right now, the good news is experts say a recession today would likely be mild and... Read More

    Pre-Approval Is a Critical First Step on Your Homebuying Journey

    By Steven Padernacht | October 24, 2022

    If you’re planning to buy a home this year, one of the first steps on your journey is getting pre-approved. Especially in today’s market when mortgage rates are higher than they were just a few months ago, getting a mortgage pre-approval can be a game changer. Here’s why. What Is Pre-Approval? To better understand why pre-approval is key, it’s important to know what... Read More

    3 Questions You May Be Asking About Selling Your House Today [INFOGRAPHIC]

    By Steven Padernacht | October 21, 2022

    Some Highlights If you’re planning to sell your house this year, you likely have questions about what the shift in the housing market means for your home sale. You might be wondering: Should I wait to sell? Are buyers still out there? And can I afford to buy my next home? Let’s connect so you can get answers to these questions and learn about... Read More

    What’s Ahead for Home Prices?

    By Steven Padernacht | October 20, 2022

    As the housing market cools in response to the dramatic rise in mortgage rates, home price appreciation is cooling as well. And if you’re following along with headlines in the media, you’re probably seeing a wide range of opinions calling for everything from falling home prices to ongoing appreciation. But what’s true? What’s most likely to happen moving forward?... Read More

    Should You Still Buy a Home with the Latest News About Inflation?

    By Steven Padernacht | October 19, 2022

    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.... Read More

    The Latest on Supply and Demand in Housing

    By Steven Padernacht | October 18, 2022

    Over the past two years, the substantial imbalance of low housing supply and high buyer demand pushed home sales and buyer competition to new heights. But this year, things are shifting as supply and demand reach an inflection point. The graph below helps tell the story of just how different things are today. This year, buyer... Read More

    The Emotional and Non-financial Benefits of Homeownership

    By Steven Padernacht | October 17, 2022

    With higher mortgage rates, you might be wondering if now’s the best time to buy a home. While the financial aspects are important to consider, there are also powerful non-financial reasons it may make sense to make a move. Here are just a few of the benefits that come with homeownership. Homeowners Can Make Their Home Truly Their... Read More