In the last few weeks, the average 30-year fixed mortgage rate from Freddie Mac inched up to 5%. While that news may have you questioning the timing of your home search, the truth is, timing has never been more important. Even though you may be tempted to put your plans on hold in hopes that rates will fall, waiting will only cost you more. Mortgage rates are forecast to continue rising in the year ahead.
6 Factors for Deciding Where to Live in St. Louis
Tuesday, April 19th, 2022
Figuring out where to live in St. Louis can be complicated, especially for newcomers. It is hard for some to wrap their head around the fact that the city itself is small (with a population of about 300,000) but has 79 distinct neighborhoods, each with its own vibe and name. Just outside the city limits, more than 2 million people live in 100 different municipalities spanning several counties and 2 states—all of which are sometimes referred to as the Greater St. Louis region.
Many consumers are wondering what will happen with home values over the next few years. Some are concerned that the recent run-up in home prices will lead to a situation similar to the housing crash 15 years ago.
What Are the Most Popular Home Styles in St. Louis?
Tuesday, April 5th, 2022
Image via Pixabay
Just like clothing fashions, home trends come and go and are reflected in the types of homes that are popular. The difference is that houses stick around a lot longer than clothes. When it comes to St. Louis home styles, many houses built more than 100 years ago are still standing, as are houses from every era since.
Since the number of homes for sale is low today, it can feel challenging to find one that checks all your boxes. But if you know which features are absolutely essential in your next home and which ones are just nice bonuses, you can land a home that fits your needs.
The Future of Home Buying
Tuesday, March 15th, 2022
With how much the housing market has changed over the last 50 years, or even, over the last decade, it can be interesting to think about what the future of home buying could possibly look like. With uncertainty around all of the things that go into the housing market like the environment, economy, work life, entertainment, styles, and personal preferences, who knows what the process will look like in the future? But still, it can be fun to speculate.
If you’re thinking of selling your house this year, timing is crucial. After all, you’ll want to balance getting the most out of the sale of your current home and making the best investment when you buy your next one.
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