As we step into the new year, the real estate market in January 2024 exhibited notable trends and shifts, revealing a dynamic landscape for both buyers and sellers. Let’s delve into the key statistics that shape the current state of the housing market. Active Listings Surge: In January 2024, Realtor.com reported a total of 665,569… Continue reading Real Estate Market Snapshot
Tag: renters
Gift Funds for Your Home Purchase
Using gift funds for a primary home purchase is a common practice, and many lenders allow it. Gift funds are funds given to you by a family member, friend, or other eligible source to help you with the down payment or closing costs. Here are some key points to consider: 1. Gift Letter: Most lenders require… Continue reading Gift Funds for Your Home Purchase
A Positive Outlook for Buyers and Renters
In the optimistic landscape of 2024, Zillow economists foresee several encouraging trends in the housing market: 1. Abundance of Homes on the Market: Homeowners, understanding that mortgage rates are unlikely to decrease significantly soon, are anticipated to list their homes for sale. Those who secured long-term payments at historically low rates in 2021 may decide… Continue reading A Positive Outlook for Buyers and Renters