Boomers Moving Will Be More Like a Gentle Tide Than a Tsunami

Have you heard the term “Silver Tsunami” getting tossed around recently? If so, here’s what you really need to know.

Have you heard the term “Silver Tsunami” getting tossed around recently? If so, here’s what you really need to know.
Based on a recent study, in 22 of the top 50 metros, the monthly mortgage payment is lower than the rent payment.
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…
In real estate, a good first impression is key. If the outside of a house looks welcoming, more people will want to come in and see it.
Some Highlights The housing market is moving away from the frenzy of the past year and it’s opening doors for you if you’re thinking about buying a home. Housing inventory is increasing, which means more options for your search. Plus, the intensity of bidding wars may ease as buyer demand moderates, leading to fewer homes…
If you’re trying to buy a home and are having a hard time finding one you can afford, it may be time to consider a fixer-upper.
Many people are hoping mortgage rates will come down before they buy a home. But will that actually happen?