Your Key to Savannah Living
Your Key to Savannah Living
Mortgage rates may trend downward in 2026, but lower rates don’t guarantee a better deal. Avoid buying a home you can’t afford, as monthly payments should stay under 30% of your income. Waiting for rates to drop further might increase home prices due to demand. Also, mortgage rates don’t always fall in line with federal […]
Mistakes You Must Not Make If Mortgage Rates Drop Read More »
Home sales are projected to increase 14% nationwide, signaling strong market activity. New-home sales are expected to rise 5%, boosting supply modestly. Median home prices forecasted to grow 4%, suggesting sustainable, balanced appreciation. Average 30-year mortgage rates predicted around 6%, down from 6.7%, improving affordability slightly. Price reductions vary by market, ranging from 4.9% to
Housing Market Forecast Predicts Strong Growth in 2026 Read More »
Emerging US markets show high growth potential with increasing populations and expanding infrastructure in 2025. Remote work drives migration to suburbs, boosting housing demand and prices outside major metropolitan centers. Smart homes, VR tours, and eco-friendly developments enhance property value and attract modern buyers. Millennials seek tech-savvy, eco-friendly homes; aging population demands accessible, amenity-rich properties.
Where Are Real Estate Opportunities Rising? Read More »
Rising mortgage rates hinted at declining housing demand before widespread market awareness. Inventory increases and longer listing times revealed growing buyer hesitation early. Local economic indicators like job growth, inflation, and GDP hinted at market instability. Comparative-market analysis revealed overvalued properties before corrections occurred.
How I Predicted the Last Market Shift Before Everyone Else Read More »
Redfin predicts a gradual housing market reset in 2026, marked by slower home price growth, improved affordability as wages outpace prices, and modestly lower mortgage rates around 6.3%. Home sales are expected to rise slightly, while rents may increase 2-3%. Multi-generational living and shared homeownership will continue. Policy reforms and AI tools will aid the
Housing Market Predictions for 2026: Affordability, Prices, and Demand Read More »
First-time homebuyers often make costly mistakes like breaking their budget, skipping mortgage preapproval, and foregoing home inspections. It's crucial to set a comfortable budget including maintenance costs, get preapproved (not just prequalified) for a mortgage, and never skip a home inspection to avoid hidden repair costs. Also, comparison shop lenders for the best rates and
5 First-Time Home Buyer Blunders And How to Avoid Them Read More »
Existing home sales in October rose in two of four U.S. regions, with the Midwest up 5.3% and the South up 0.5%. The Northeast saw no change, while the West declined 1.3%. Total homes for sale increased slightly from last year, offering more options for buyers. Mortgage rates averaged 6.24%, down from 6.78% a year
What did existing home sales look like in October 2025? Read More »
Mortgage rates may finally fall into the 5.5%–6% range, significantly improving affordability. Home sales are projected to rise to nearly 5M as buyer confidence strengthens. Price growth should remain stable between 3%–5%, reflecting a more balanced environment. Inventory could reach 4.5–5 months’ supply, marking the healthiest market conditions in years. This year will likely feel
Is 2028 the Year the Market Becomes Truly Balanced? Read More »
Sales to jump 14% in 2026 after a flat 2025; new-home sales up 5%. Home prices to rise 4%, supported by job growth and tight inventory. Mortgage rates expected near 6% in 2026, easing from 2025’s highs. Higher-end homes lead gains, while first-time buyers remain constrained by affordability.
NAR Sees Strong Housing Rebound in 2026 Read More »
Home location significantly impacts value, with homes in large metro areas worth about 60% more than those in non-metro areas. Pacific states have home values 35% higher than New England, while Southern and Midwestern regions have values 19-60% lower. Neighborhood quality adds roughly 2% value per rating point, while nearby abandoned buildings and visible trash
The Impact of Location and Neighborhood Condition on Home Value Read More »