Macey Burk - Realtor

If you’re dreaming of buying a home, you might not want to wait – homes are just going to get more expensive. Why? Experts are projecting home prices will go up for the next five years. That means buying now will likely help you build in the future as your home’s value rises.

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Today’s affordability challenges combined with a lack of available homes means you need to be strategic in order to find one that meets your needs and fits your budget. Opting for a fixer-upper might be the answer. Let’s chat to see if this is a good option for you and explore what’s on the market in our area.

Why There Won’t Be a Recession That Tanks the Housing Market

There’s been a lot of recession talk over the past couple of years. And that may leave you worried we’re headed for a repeat of what we saw back in 2008. Here’s a look at the latest expert projections to show you why that isn’t going to happen.

According to Jacob Channel, Senior Economist at LendingTree, the economy’s pretty strong: “At least right now, the fundamentals of the economy, despite some hiccups, are doing pretty good. While things are far from perfect, the economy is probably doing better than people want to give it credit for.”

Most experts believe there won’t be a recession in the next 12 months. One reason why is the current unemployment rate. The unemployment rate today is still very low.

But will the unemployment rate go up? Economists don’t expect the unemployment rate to even come close to the long-term average over the next three years – much less the 8.3% we saw...

Why There Won’t Be a Recession That Tanks the Housing Market There’s been a lot of recession talk over the past couple of years.

What To Know About Credit Scores Before Buying a Home

If you want to buy a home, you should know your credit score is a critical piece of the puzzle when it comes to qualifying for a mortgage. Lenders review your credit to see if you typically make payments on time, pay back debts, and more. Your credit score can also help determine your mortgage rate.

That means your credit score may feel even more important to your homebuying plans right now since mortgage rates are a key factor in affordability. According to the Federal Reserve Bank of New York, the median credit score in the U.S. for those taking out a mortgage is 770. But that doesn’t mean your credit score has to be perfect.

Working with a trusted lender is the best way to get more information on how your credit score could factor into your home loan and the mortgage rate you’re able to get.

If you’re looking for ways to improve your score, Experian...

What To Know About Credit Scores Before Buying a Home If you want to buy a home, you should know your credit score is a critical piece of the puzzle when it comes to qualifying for a mortgage.