Friday, November 25, 2022

Home Sweet Home: The Emotional Benefits of Homeownership [INFOGRAPHIC]

Home Sweet Home: The Emotional Benefits of Homeownership [INFOGRAPHIC] | Simplifying The Market

Home Sweet Home: The Emotional Benefits of Homeownership [INFOGRAPHIC] | Simplifying The Market

Some Highlights

  • While there are many financial perks to owning a home, there are also powerful non-financial benefits to consider if you’re thinking about making a move.
  • Homeownership allows you to express yourself, gives you greater privacy and comfort, enhances your connection to your community and loved ones, and is an achievement to feel proud of.
  • Let’s connect today to discuss all that homeownership has to offer.
Content previously posted on Keeping Current Matters

* This article was originally published here

Thank You for Your Support

Thank You for Your Support | Simplifying The Market

Thank You for Your Support | Simplifying The Market

Content previously posted on Keeping Current Matters

* This article was originally published here

Wednesday, November 23, 2022

Two Shipping Containers Form a Cozy Live/Work Cabin in Poland

Two Shipping Containers Form a Cozy Live/Work Cabin in Poland
The prefab design by Wiercinski Studio looks right at home tucked into its lush surrounds, but it was born to roam. In a community garden near Szelagowski Park in Poznan, Poland, architect Adam Wiercinski of Wiercinski Studio installed a shipping container home in a matter of a day. Portable Cabin, …

* View the article originally published here. ** More curations: Al Cannistra at San Antonio ONE here.

Monday, November 21, 2022

Mortgage Rates Will Come Down, It’s Just a Matter of Time

Mortgage Rates Will Come Down, It’s Just a Matter of Time | Simplifying The Market

This past year, rising mortgage rates have slowed the red-hot housing market. Over the past nine months, we’ve seen fewer homes sold than the previous month as home price growth has slowed. All of this is due to the fact that the average 30-year fixed mortgage rate has doubled this year, severely limiting homebuying power for consumers. And, this month, the average rate for financing a home briefly rose over 7% before coming back down into the high 6% range. But we’re starting to see a hint of what mortgage interest rates could look like next year.

Inflation Is the Enemy of Long-Term Interest Rates

As long as inflation is high, we’ll see higher mortgage rates. Over the past couple of weeks, we’ve seen indications that inflation may be cooling, giving us a glimpse into what may happen in the future. The mortgage market is eagerly awaiting positive news on inflation. As Ali Wolf, Chief Economist at Zonda, says:

The housing market is expected to face continued uncertainty heading into 2023 as consumers, financial markets, and policymakers work through their respective challenges in today’s economy. . . . we are watching for any additional stability in the MBS market, signs of cooling inflation, and/or less aggressive Federal Reserve action to give us confidence that mortgage rates are past their peak.”

What Does This Mean for the Future of Mortgage Rates?

As we get through the inflation battle and start to see that coming down, we should expect mortgage rates to follow. We’ve seen nods of this over the past couple of weeks. As the Federal Reserve works to bring inflation down, mortgage rates will come down as well. Bill McBride from Calculated Risk says:

My current view is inflation will ease quicker than the Fed currently expects.”

As we look toward next year, we certainly hope he’s right.

Bottom Line

Mortgage rates will come down – it’s just a matter of time. The hope is we continue to see more positive news on inflation, and that’ll bring mortgage rates down. This will give prospective homebuyers more buying power and lead to more homeowners throughout the country.

Content previously posted on Keeping Current Matters

* This article was originally published here

Saturday, November 19, 2022

260 Square Feet of Tree House Is All a Portuguese Family Needs for the Summer

260 Square Feet of Tree House Is All a Portuguese Family Needs for the Summer
260 Square Feet of Tree House Is All a Portuguese Family Needs for the Summer It has handbuilt furniture, a roof deck, and a slide—and you’ll dream about it all winter. In the coastal town of Melides, Portugal, architecture and woodworking studio Madeiguincho recently completed a 260-square-foot tree …

* View the article originally published here. ** More curations: Al Cannistra at San Antonio ONE here.

Friday, November 18, 2022

This Tiny Home Kit Allows You To Build A Cute Arched Cabin For Less Than $1500 - Grandma's Things

This Tiny Home Kit Allows You To Build A Cute Arched Cabin For Less Than $1500 - Grandma's Things
With the cost of real estate continuing to skyrocket across North America, many people are opting for tiny home living. After all, if you’re okay …

* View the article originally published here. ** More curations: Al Cannistra at San Antonio ONE here.

This small $4,000 house can be built in just one day. - Grandma's Things

This small $4,000 house can be built in just one day. - Grandma's Things
With a shortage of housing and wildly inflated real estate prices across North America, it’s no surprise that tiny homes are becoming more and more …

* View the article originally published here. ** More curations: Al Cannistra at San Antonio ONE here.

Should You Update Your House Before You Sell? Ask a Real Estate Professional. [INFOGRAPHIC]

Should You Update Your House Before You Sell? Ask a Real Estate Professional. [INFOGRAPHIC] | Simplifying The Market

Should You Update Your House Before You Sell? Ask a Real Estate Professional. [INFOGRAPHIC] | Simplifying The Market

Some Highlights

  • You may be wondering what needs to be renovated before you sell your house. In today’s shifting market, making your house appealing is more important than ever.
  • That’s why it’s essential to lean on a real estate professional who has in-depth knowledge of today’s housing market. They know what buyers are looking for and how to highlight any upgrades you make.
  • Let’s connect so you know where to focus your efforts so your house will stand out in a today’s market.
Content previously posted on Keeping Current Matters

* This article was originally published here

More People Are Finding the Benefits of Multigenerational Households Today

More People Are Finding the Benefits of Multigenerational Households Today | Simplifying The Market

If you’re thinking of buying a home and living with siblings, parents, or grandparents, then multigenerational living may be for you. The Pew Research Center defines a multigenerational household as a home with two or more adult generations. And the number of individuals choosing multigenerational living has increased over the past 50 years.

As you consider this option for your own home search, know it could help you on your homeownership journey and provide you with other incredible benefits along the way.

Living with Loved Ones Could Help You Achieve Your Homeownership Goals

There are several reasons people choose to live in a multigenerational household, and for many, the arrangement is a personal one. But according to the Pew Research Center, the top reason people choose to live together today is financial.

A recent study from Freddie Mac also finds more people are choosing to buy a home together so they can save money in the homebuying process. As the study says:

“. . . an increasing percentage of young adult first-time homebuyers are relying on support from older generations, including their parents, to buy a home together.

For these individuals, combining their resources can help them achieve their dream of buying and owning a home. By pooling their incomes together to make that purchase, they may be able to afford a home they couldn’t on their own.

Other Key Benefits of Multigenerational Living

Not to mention, living in a home with loved ones can have other benefits too, like giving you more quality time to spend together. Darla Mercado, Certified Financial Planner and Markets Editor for CNBC.com, explains how this living arrangement can help on a personal and financial level:

“Residing with relatives can offer advantages . . . you can pool multiple streams of income, for instance. And in households with young children, grandparents can pitch in with child care.

If this sounds like a great option for you, it’s important to work with a trusted real estate professional to discuss your needs. They can help you navigate the process to find the right home for you and your loved ones.

Bottom Line

More people are discovering the benefits of multigenerational living. For the best information and help deciding what’s right for your personal situation, let’s connect and start the conversation today.

Content previously posted on Keeping Current Matters

* This article was originally published here

Monday, November 14, 2022

Home Equity: A Source of Strength for Homeowners Today

Home Equity: A Source of Strength for Homeowners Today | Simplifying The Market

Experts agree there’s no chance of a large-scale foreclosure crisis like we saw back in 2008, and that’s good news for the housing market. As Mark Fleming, Chief Economist at First American, says:

“. . . don’t expect a housing bust like the mid-2000s, as lending standards in this housing cycle have been much tighter and homeowners have historically high levels of home equity, so there likely won’t be a surge in foreclosures.”

Data from the Mortgage Bankers Association (MBA) helps tell this story. It shows the overall percentage of homeowners at risk is decreasing significantly with time (see graph below):

Home Equity: A Source of Strength for Homeowners Today | Simplifying The Market

But even though the volume of homeowners at risk is very low, there is still a small percentage of homeowners who may be coming face to face with foreclosure as a possibility today. If you’re facing difficulties yourself, it can help to understand your options. It starts with knowing what foreclosure is. Investopedia defines it like this:

Typically, default is triggered when a borrower misses a specific number of monthly payments . . . Foreclosure is the legal process by which a lender attempts to recover the amount owed on a defaulted loan by taking ownership of and selling the mortgaged property.

The good news is there are alternatives available to help you avoid going through the foreclosure process, including:

  • Reinstatement
  • Loan modification
  • Deed-in-lieu of foreclosure
  • Short sale

But before you go down any of those paths, it’s worth seeing if you have enough equity in your home to sell it and protect your investment.

You May Be Able To Use Your Equity To Sell Your House

Equity is the difference between what you owe on the home and its market value based on factors like price appreciation.

In today’s real estate market, many homeowners have far more equity in their homes than they realize due to the home price appreciation we’ve seen over the past few years. According to CoreLogic:

“The total average equity per borrower has now reached almost $300,000, the highest in the data series.”

So, what does that mean for you? If you’ve lived in your house for at least a few years or more, chances are your home’s value, and your equity, has risen dramatically. In addition, the mortgage payments you’ve made during that time chipped away at the balance of your loan. If your home’s current value is higher than what you still owe on your loan, you may be able to use that increase to your advantage.

Rick Sharga, Executive VP of Market Intelligence at ATTOM Data, explains how equity can help:

“Very few of the properties entering the foreclosure process have reverted to the lender at the end of the foreclosure. . . We believe that this may be an indication that borrowers are leveraging their equity and selling their homes rather than risking the loss of their equity in a foreclosure auction.”

Lean on Experts To Explore Your Options

To find out how much equity you have, work with a local real estate professional. They can give you an estimate of what your house could sell for based on recent sales of similar homes in your area. You may be able to sell your house to avoid foreclosure.

If you find out you have to pursue other options, your agent can help with that too. They’ll be able to connect you with other professionals in the industry, like housing counselors, who can look into your unique situation and offer advice on next steps if selling isn’t your best alternative.

Bottom Line

If you’re a homeowner facing hardship, let’s connect so you have an expert on your side to explore your options and see if you can sell your house to avoid foreclosure.

Content previously posted on Keeping Current Matters

* This article was originally published here

Sunday, November 13, 2022

This Surfer Road Tripped to Nicaragua, Built an $8K Tiny Home, and Decided to Never Leave

This Surfer Road Tripped to Nicaragua, Built an $8K Tiny Home, and Decided to Never Leave
Architect Daniel Serrano headed south from Oregon in search of the perfect wave. He found that and more, so he DIY’d his camper into a permanent residence. “None of this was part of my plan,” says architect Dani Serrano of creating a home out of the Pastime Camper he bought for $1,500 in 2019. A …

* View the article originally published here. ** More curations: Al Cannistra at San Antonio ONE here.

30′ Durable Tiny Home Can Withstand Anything You Throw at It!

30′ Durable Tiny Home Can Withstand Anything You Throw at It!
Standing tough and tall in Vista, CA, this 30′ durable tiny home, with its sturdy construction, lets you enjoy your outdoor adventures without a …

* View the article originally published here. ** More curations: Al Cannistra at San Antonio ONE here.

24’ Weekender is the Perfect Nomadic Tiny Home on Wheels

24’ Weekender is the Perfect Nomadic Tiny Home on Wheels
True to its name, the Weekender is a gorgeous, fully functional 24’ Perfect Nomadic Tiny Home on wheels, oozing a certain kind of Nomadic charm and …

* View the article originally published here. ** More curations: Al Cannistra at San Antonio ONE here.

Friday, November 11, 2022

VA Loans: Making Homes for the Brave Achievable [INFOGRAPHIC]

VA Loans: Making Homes for the Brave Achievable [INFOGRAPHIC] | Simplifying The Market

VA Loans: Making Homes for the Brave Achievable [INFOGRAPHIC] | Simplifying The Market

Some Highlights

  • VA Loans can help make homeownership possible for those who have served our country.
  • These loans offer great benefits for eligible individuals and can help them buy a VA-approved house or condo, build a new home, or make improvements to their house.
  • Homeownership is the American Dream. One way we can honor and thank our veterans is to ensure they have the best information about the benefits of VA home loans.
Content previously posted on Keeping Current Matters

* This article was originally published here

Tuesday, November 8, 2022

THE WINNING LOTTO NUMBERS

A break away from real estate today and hopefully a laugh while we all wait for Powerball's huge prize drawing to get "unstuck" Enjoy...

This is a true story – the couple is deceased, OK to share…. 











The couple shared this and enjoyed many laughs from the event. Married forever they had their comfortable routines and…..


Her domain, first floor – the kitchen

At home, his domain – second floor

Normal Sunday paper – split – he likes certain sections – she likes hers

He brings the paper in and divides it for them to share – retreating upstairs with his sections

On this one Sunday (following a BIG lotto drawing) he does the routine split but messes up and leaves “his” lotto section downstairs

She did not know he left “his section” featuring the winning numbers with her share of the newspaper

At the time he was well over 300 pounds and not really motivated to come down stairs for lotto numbers

So he yells down – “M – what are the lotto numbers”

One by one as she read them they were “matching” perfectly to the tickets he had in his hand

He explained later his heart was pounding as he jumped up and ran down the stairs

M explained she heard this awful noise shaking the house – BOOM BOOM BOOM

It was J running down the stairs yelling “WE WON, WE WON”

He gets to the kitchen and finds her holding the prefilled lotto card they use to buy their lotto tickets every week

After a brief pause, he asked what she was doing with that card and she replied “you asked for our lotto numbers and I read them to you”

And their winnings quickly vaporized


Monday, November 7, 2022

Key Factors Affecting Home Affordability Today

Key Factors Affecting Home Affordability Today | Simplifying The Market

Every time there’s a news segment about the housing market, we hear about the affordability challenges buyers are facing today. Those headlines are focused on how much mortgage rates have climbed this year. And while it’s true rates have risen dramatically, it’s important to remember they aren’t the only factor in the affordability equation.

Here are three measures used to establish home affordability: home prices, mortgage rates, and wages. Let’s look closely at each one.

1. Mortgage Rates

This is the factor most people are focused on when they talk about homebuying conditions today. So far, current rates are almost four full percentage points higher than they were at the beginning of the year. As Len Kiefer, Deputy Chief Economist at Freddie Mac, explains:

“U.S. 30-year fixed mortgage rates have increased 3.83 percentage points since the end of last year. That’s the biggest year-to-date increase in rates in over 50 years.”

That increase in mortgage rates is impacting how much it costs to finance a home purchase, creating a challenge for many buyers that’s pricing some out of the market. While the current global uncertainty makes it difficult to project where mortgage rates will go in the future, experts do say that rates will likely remain high as long as inflation does.

2. Home Prices

The second factor at play is home prices. Home prices have made headlines over the past few years because they skyrocketed during the pandemic. Now, the most recent Home Price Index from S&P Case-Shiller shows home values continued to decelerate for a fifth consecutive month (shown in green in the graph below):

Key Factors Affecting Home Affordability Today | Simplifying The Market

This deceleration is happening because higher mortgage rates are moderating demand, and as a result, easing the buyer competition and bidding wars that previously drove prices up.

What’s worth noting though, is how much higher home prices still are than they were before the pandemic (shown in blue in the graph above). Even now, we have a long way to go to get to more normal levels of home price appreciation, which is historically closer to 4%. When both mortgage rates and home prices are high, affordability and your purchasing power become a greater challenge.

But while prices are still elevated in many markets, some areas are seeing slight declines. It all depends on your local market. For insight into what’s happening in your area, reach out to a trusted real estate professional.

3. Wages

The one big, positive component in the affordability equation is the increase in American wages. The graph below uses data from the Bureau of Labor Statistics (BLS) to show how wages have grown over time. This year is no exception.

Key Factors Affecting Home Affordability Today | Simplifying The Market

As the Bureau of Labor Statistics (BLS) reports:

Median weekly earnings of the nation’s 120.2 million full-time wage and salary workers were $1,070 in the third quarter of 2022 (not seasonally adjusted), the U.S. Bureau of Labor Statistics reported…This was 6.9 percent higher than a year earlier

So, when you think about affordability, remember the full picture includes more than just mortgage rates. Home prices and wages need to be factored in as well. Because wages have been rising, they’re a big reason why serious buyers are still purchasing homes this year.

If you have questions or want to learn more, reach out to a trusted advisor who can explain how all of these variables work together and what’s happening in your area. As Leslie Rouda Smith, President of the National Association of Realtors (NAR), says:

Buying or selling a home involves a series of requirements and variables, and it’s important to have someone in your corner from start to finish to make the process as smooth as possible… and objectivity to deliver trusted expertise to consumers in every U.S. ZIP code.”

Bottom Line

To learn more, let’s connect today and make sure you have a trusted lender so you’re able to make an informed decision if you’re planning to buy or sell a home right now.

Content previously posted on Keeping Current Matters

* This article was originally published here

Sunday, November 6, 2022

Why Were Not Headed for a Housing Crash


Recession and Housing Crash - NOT the same. Find out how the market is different today and unlike the time of the great housing crash. Reach out to us if you would like to discuss today's market.

Friday, November 4, 2022

The Up-and-Coming Areas in Austin to Buy Property

 Our Guest Author Today:  John Crawford

A picture of downtown Austin, Texas

Is it your dream to move to Austin and have finally gotten the opportunity to make it a reality? Or maybe you were forming your house budget and are now ready to house hunt? Whatever the case, Austin s is an excellent choice for your new home. Nowadays, the capital of Texas is in high demand for home buyers. Many young adults choose Texas for their first home because of its great food, people, and beautiful locations. Austin is constantly evolving and expanding to accommodate more residents. These are some of the best up-and-coming areas in Austin for you to choose from.

A Piece of advice to begin with

Before we begin, however, here is a piece of advice. One thing you should include in your house budget is the moving costs. There are many moving companies with different price ranges and qualities. They also offer other services and transportation options. It can get a bit overwhelming, but this is a necessary step.

Reading reviews to know what others have said when choosing a moving company on its website or social media page can be of great help. People often leave reviews of their experiences with a moving company. This helps other people who are planning to move figure out easier if the company is the right one for them.

Mueller

Located just three miles from downtown, Mueller is an excellent place for those who enjoy a vibrant lifestyle. The neighborhood is built with a focus on sustainability and nature preservation. For those who love to spend their free time outdoors, Mueller is the place for you. It has many parks and open spaces for recreational activities. The layout of Mueller is excellent for those who enjoy doing sports or having peaceful strolls along walking paths surrounded by lush trees. The neighborhood also has plenty of bike lanes and is very pedestrian-friendly.

Mueller also has a thriving nightlife scene. You can find plenty of restaurants, stores, and pubs along Aldrich Street. And in addition, there are plenty of new locations opening all the time with the expansion of the area. Mueller is definitely one of the best up-and-coming areas in Austin if you are looking to buy a home.

A path leading through a park.

Mueller has many beautiful locations to enjoy nature.


Leander

This beautiful suburban area is located north of Austin and is an excellent location for families. The population here is rapidly increasing, and the area is constantly expanding to satisfy the high demand. The suburbs are seeing new houses of all sizes being built all over the area.

In addition, Leander is connected to the city via a rail station, making commuting quite convenient. The house price ranges are quite diverse, too. This is an excellent location for first-time buyers with littleto no experience in real estate. If you are looking for an affordable home for you and your family, definitely check out Leander.

North Loop

If you’re looking for a more vibrant location with many places to visit, here’s something for you. North Loop is just northeast of the University of Texas, making it the hub for students and young adults. There is a lot of life and activity in this area and plenty of places to visit. It is located close to all the city's amenities and businesses. This makes North Loop a very convenient neighborhood if you don’t want to travel far every time you need to buy something.

In addition, North Loop has many local restaurants and hot spots to offer for your morning coffee or lunch break. And with the growth of the neighborhood came plenty of foreign cuisine restaurants as well. As with every area that is a hub for students, nightlife in North Loop is also very developed. If you want a more lively neighborhood with plenty of pubs and bars to have a drink in, then this neighborhood should be on your radar.

The best up-and-coming areas in Austin have pubs brimming with people at night.
Many young adults love to frequent the pubs in North Loop.

Shady Hollow

For those interested in a more secluded and rural atmosphere, there is Shady Hollow. This suburb has a population of about four thousand, and most residents own their houses. Shady Hollow is located about ten miles southwest of downtown Austin. This makes it a perfect place for those who wish to get away from the hustle and bustle of the city. In case you want a quieter and calmed neighborhood, this one offers just that.

Pflugerville

The city was named after Henry Pfluger, a German farmer who escaped war and found solace in working the fields in present-day Pflugerville. The word Pfluger comes from German, which means “plowmen.”

However, the area has changed drastically since its days of origin. Pflugerville is now a bustling city with plenty of affordable houses to choose from. It is one of the up-and-coming areas in Austin that grows most rapidly. With its population of over sixty-five thousand, this suburban area of Austin is excellent for families of all sizes.

The city is located eighteen miles north of Austin, but its highway network makes travel very convenient. In addition, plenty of businesses are being established here, allowing you to find work close to home.

An old barn on a green field.
It is difficult to imagine a large city such as Pflugerville as the simple farm it once was.

Final thoughts and advice

Austin is in very high demand, and there are always new opportunities popping up. New and old houses are constantly being put up for sale, and it can become difficult to keep track of it all. This is why it is good to have a real estate advisor help you choose the right home for you. Real estate experts know the housing market quite well and can help you find the best deals for your budget. They can also provide you with any additional information you might need.

Buying a house is one of the biggest and most difficult decisions in your life, and it is good to have all the help you can get. These were but a few of the up-and-coming areas in Austin for you to consider. Good luck in your search, and enjoy your stay in Austin, Texas!

Meta: Austin is one of the most rapidly developing cities in the US. Here is some help in choosing a location in the up-and-coming areas in Austin.





Bio: John Crawford has been working at Verified Movers for over four years. John takes great care when researching the matters of the topic subjects so that he can provide the best advice to his readers. As a professional content writer, he aims to provide honest information to experienced and new home buyers.


https://unsplash.com/photos/wKfTNWaDYgs Featured

https://unsplash.com/photos/SBiVq9eWEtQ

https://pixabay.com/photos/bar-people-bottles-beverages-463476/

https://pixabay.com/photos/barn-old-abandoned-rustic-farm-166100/



Thursday, November 3, 2022

The Best Long Term Investment


You can put money in a bank account - but you cannot live in it.
You can invest in stock - but you cannot live in it.
You can invest in gold - but you cannot live it it.
You can invest in a home - and move in!
Ready?

Seriously - are you ready to make the investment? Reach out to us if you are.