ERA Carlile Realty Group

Lower Mortgage Rates Boost Your Buying Power Mortgage rates are trending down and that’s great news for your bottom line. As rates drop, your monthly payment on your next home does too. Even a small change in mortgage rates can have a big impact on your purchasing power. If you put your search on hold when mortgage rates were higher, think about how much you could save now that rates are coming down. #expertanswers #stayinformed What questions may you have?

Have you heard the good news? Mortgage rates are trending down. And, if you’re looking to buy a home, that helps your bottom line. As rates drop, your monthly payment on your next home does too. The change we’ve already seen could save you hundreds of dollars a month. #mortgagerates #realestatenews What questions may you have?

The Latest Builder Trend: Smaller, Less Expensive Homes Even though affordability is improving, buying a home can still feel tough right now. But here’s some good news: builders are focusing their efforts on building smaller homes, and they’re offering key incentives to buyers. And both of these things can be a big help if you're worried about finding a home that’s right for your budget. During the pandemic, homebuyers were looking for larger homes—and many could afford them. Builders responded to that demand and created bigger spaces to help people with things like working from home, setting up home... #newhomes #homebuilders What questions may you have?

Mortgage Rates Drop to Lowest Level in over a Year and a Half Mortgage rates have hit their lowest point in over a year and a half. And that’s big news if you’ve been sitting on the homebuying sidelines waiting for this moment. Even a small decline in rates could help you get a better monthly payment than you would expect on your next home. And the drop that’s happened recently isn’t small. As Sam Khater, Chief Economist at Freddie Mac, says: “Mortgage rates have fallen more than half a percent . . . and are at their lowest level since February 2023.” But if you want to see it to really... #mortgagerates #realestatenews What questions may you have?

Mortgage rates are dropping. As a result, more buyers are getting ready to re-enter the market. That’s clear based on the rise in mortgage applications since rates started to fall. If you’ve been thinking about selling, let’s talk about how to get your house ready so you can take advantage of increased buyer activity. #buyerdemand #mortgagerates What questions may you have?

Have you felt like homeownership is out of reach? You aren’t alone. But here’s some good news: builders are focusing on bringing smaller, more affordable homes to market. And if we open up your search to include those new builds, we may be able to find the right fit for your budget. Let’s chat if you’re ready to explore what builders have to offer in and around our area. #newlybuilthomes #homeaffordability What questions may you have?

What To Know About Closing Costs Now that you’ve decided to buy a home and are ready to make it happen, it’s a good idea to plan ahead for the costs that are a typical part of the homebuying process. And while your down payment is probably the number one expense on your mind, don't forget about closing costs. Here’s what you need to know. What Are Closing Costs? Simply put, your closing costs are the additional fees and payments you have to make at closing. Some of these are one-time expenses that are baked into your closing costs. Others, like homeowners’ insurance, are initial installment... #closingcosts #homebuyingtips What questions may you have?

Even though affordability is improving, it’s still tight. So, it’s important to take some time early on to talk to a lender about pre-approval. As part of that conversation, you’ll go over your loan options, what you can borrow, and your monthly payment, so you can gauge what really works for your budget. #realestatetips #homebuying What questions may you have?

The Real Story Behind What’s Happening with Home Prices If you’re wondering what’s going on with home prices lately, you’re definitely not the only one. With so much information out there, it can be hard to figure out your next move. Home Price Growth Is Slowing, but Prices Aren’t Falling Nationally Throughout the country, home price appreciation is moderating. What that means is, prices are still going up, but they're not rising as quickly as they were in recent years. What’s Next for Home Prices? It’s All About Supply and Demand Nationally, the number of homes for sale is going up, but... #homeprices #realestatemarket What questions may you have?

How To Get Your House Ready To Sell Thinking about making a move? Here are a few general tips on how to get your house ready. You want to focus on things that’ll make it inviting, show it’s cared for, and boost your curb appeal. If you want specific advice to help your house stand out in our local market, let’s connect. #sellyourhouse #makememove What questions may you have?