Recent data from Freddie Mac indicates a rise in the average rate on the benchmark 30-year home loan, reaching 7.31% from 7.19% just last week. A year ago, this rate stood at 6.70%.

Money, Money, Money: With the average sale price at $490,378, you may walk away with a pretty penny. Just think of all the things you can do with that money, like taking a trip around the world or buying a lifetime supply of key lime pie.

Favorable market conditions: Despite the higher interest rates, the overall housing market remains strong. Home prices have continued to rise, and mortgage rates are still historically low compared to previous decades.

One of the biggest benefits of owning a home, regardless of your income level, is that it provides financial stability and an avenue to build wealth.

“Sellers who don’t have to move won’t be moving. The most common sellers will be: Homeowners downsizing . . . people moving to get more space, [households] looking for better schools…etc.”

If you’re thinking of buying a home this year, be sure to factor in the long-term benefits of homeownership. On average, nationwide, home prices appreciated by 288.7% over the last 32 years. That means homeowners grow their net worth significantly in the long term.

Spring Should Bring a Wave of Buyers to the Market

Home equity has been a hot topic in real estate news lately. And if you’ve been following along, you may have heard there’s a growing number of homeowners with negative equity. But don’t let those headlines scare you.

If you’re a renter, you likely face an important decision every year: renew your current lease, start a new one, or buy a home. This year is no different. But before you dive too deeply into your options, it helps to understand the true costs of renting moving forward.

While it’s exciting to start thinking about moving in and decorating after you’ve applied for your mortgage, there are some key things to keep in mind before you close. Here’s a list of things you may not realize you need to avoid after applying for your home loan.

If you’re a homeowner, your net worth got a big boost over the past few years thanks to rapidly rising home prices. Here’s how it happened and what it means for you, even as the market moderates.

Whatever your home goals are, a trusted real estate advisor can work with you to find the best option. They’ll help you sell your current house and guide you as you buy the home that’s right for you and your lifestyle today.

The supply of homes for sale, while growing, is still low today. Plus, serious buyers are out looking right now, and many are hoping to avoid falling into the rental trap for another year.

As you get ready to sell your house, focus on tasks that make it inviting, show it’s cared for, and boost your curb appeal.