First Time Home Buyers

Pre-Approval Is a Critical First Step on Your Homebuying Journey

Pre-Approval Is a Critical First Step on Your Homebuying Journey | Simplifying The MarketIf you’re planning to buy a home this year, one of the first steps on your journey is getting pre-approved. Especially in today’s market when mortgage rates are higher than they were just a few months ago, getting a mortgage pre-approval can be a game changer. Here’s why. What Is Pre-Approval? To better understand why […]

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Should You Still Buy a Home with the Latest News About Inflation?

Should You Still Buy a Home with the Latest News About Inflation? | Simplifying The MarketWhile the Federal Reserve is working hard to bring down inflation, the latest data shows the inflation rate is still high, remaining around 8%. This news impacted the stock market and added fuel to the fire for conversations about a recession. You’re likely feeling the impact in your day-to-day life as you watch the cost […]

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The Latest on Supply and Demand in Housing

The Latest on Supply and Demand in Housing | Simplifying The MarketOver the past two years, the substantial imbalance of low housing supply and high buyer demand pushed home sales and buyer competition to new heights. But this year, things are shifting as supply and demand reach an inflection point. The graph below helps tell the story of just how different things are today. This year, […]

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The Emotional and Non-financial Benefits of Homeownership

The Emotional and Non-financial Benefits of Homeownership | Simplifying The MarketWith higher mortgage rates, you might be wondering if now’s the best time to buy a home. While the financial aspects are important to consider, there are also powerful non-financial reasons it may make sense to make a move. Here are just a few of the benefits that come with homeownership. Homeowners Can Make Their […]

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Four Things That Help Determine Your Mortgage Rate

Four Things That Help Determine Your Mortgage Rate | Simplifying The MarketIf you’re looking to buy a home, you probably want to secure the lowest interest rate possible for your home loan. Over the last couple of years, that was easier to do as the housing market saw record-low mortgage rates, but this year rates have risen dramatically. If you’re looking for ways to combat today’s […]

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Saving for a Down Payment? Here’s What You Should Know.

Saving for a Down Payment? Here’s What You Should Know. | Simplifying The MarketAs you set out to buy a home, saving for a down payment is likely top of mind. But you may still have questions about the process, including how much to save and where to start. If that sounds like you, your down payment could be more in reach than you originally thought. Here’s why. […]

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Two Questions Every Homebuyer Should Ask Themselves Right Now

Two Questions Every Homebuyer Should Ask Themselves Right Now | Simplifying The MarketRising interest rates have begun to slow an overheated housing market as monthly mortgage payments have risen dramatically since the beginning of the year. This is leaving some people who want to purchase a home priced out of the market and others wondering if now is the time to buy one. But this rise in […]

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The Long-Term Benefit of Homeownership

The Long-Term Benefit of Homeownership | Simplifying The MarketToday’s cooling housing market, the rise in mortgage rates, and mounting economic concerns have some people questioning: should I still buy a home this year? While it’s true this year has unique challenges for homebuyers, it’s important to factor the long-term benefits of homeownership into your decision. Consider this: if you know people who bought […]

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