A Drop in Equity Doesn’t Mean Low Equity   You may see media coverage talking about a drop in homeowner equity. What’s important to understand is that equity is tied closely to home values. So, when home prices appreciate, you can expect equity to grow. And when home prices decline, equity does too. Here’s how this has played out recently.  Home prices rose rapidly during the...

Your Needs Matter More Than Today’s Mortgage Rates   If you’re thinking about selling your house right now, chances are it’s because something in your life has changed. And, while things like mortgage rates are a key part of your decision on what you’ll buy next, it’s important to not lose sight of the reason you want to make a change in the first place. It’s...

Are Home Prices Going Up or Down? That Depends… Media coverage about what’s happening with home prices can be confusing. A large part of that is due to the type of data being used and what they’re choosing to draw attention to. For home prices, there are two different methods used to compare home prices over different time periods: year-over-year (Y-O-Y) and month-over-month (M-O-M). Here's an...

Why You Can’t Compare Now to the ‘Unicorn’ Years of the Housing Market   Some Highlights _x005F_x0001_Comparing housing market metrics from one year to another can be challenging in a normal housing market – and the last few years have been anything but normal. In a way, they were ‘unicorn’ years. _x005F_x0001_Expect unsettling housing market headlines this...

Why You Can’t Compare Now to the ‘Unicorn’ Years of the Housing Market   Some Highlights _x005F_x0001_Comparing housing market metrics from one year to another can be challenging in a normal housing market – and the last few years have been anything but normal. In a way, they were ‘unicorn’ years. _x005F_x0001_Expect unsettling housing market headlines this...

Why You Can’t Compare Now to the ‘Unicorn’ Years of the Housing Market   Some Highlights Comparing housing market metrics from one year to another can be challenging in a normal housing market – and the last few years have been anything but normal. In a way, they were ‘unicorn’ years. Expect unsettling housing market headlines this year, mostly due to...