Tricia Canfield

03/10/2023

Both newly constructed houses and existing homes have perks and drawbacks. If you're trying to weigh which one is the best for you, here's what you need to know.

Buyers are likely to look at every available house for sale in today’s competitive housing market. Choosing between a new construction and an older home is a decision that individuals make when looking to buy a property. According to the National Association of Realtors’ 2020 Home Buyer and Sell...

03/09/2023

It might not be as difficult to buy a home in this market for first-time homebuyers as it appears. Here's why!

First-time buyers' rent payment history doesn't count. One has to get in debt to build credit history. And no one knows about down payment assistance.

03/09/2023

Did you know that a HELOC could help you gradually raise your credit score if you borrow responsibly and pay your bills on time? Here's what you need to know!

What is a Home Equity Line of Credit or HELOC? A home equity line of credit (HELOC) is a loan that lets you take out money, spend it, and pay it back over time using the value of your house as security. Like a credit card, you can use a home equity line of credit […]

03/07/2023

According to the survey, a greater percentage of respondents believed that now is a good time to sell than those who said it is not. Here's how the purchasing sentiment improved.

In December, people's opinions about buying a home improved slightly due to lower interest rates and the expectation of them continuing to go down. However, people's opinions about selling a home decreased due to the belief that home prices will go down in the future.

03/06/2023

Experts are saying to expect sales to pick up again soon. Here's good news for everyone!

Existing-home sales fell 1.5 percent nationally between November and December while plunging 34 percent from December 2021, according to NAR.

03/03/2023

Based on the consensus range for both mortgage rates and home prices, this rate-price exchange rate indicates that changes in mortgage rates will have the biggest effects on housing affordability in 2023. Read full details here!

First American Economist Ksenia Potapov shares her analysis of the relationship between mortgage rates and house prices, determining a mortgage rate-house price 'exchange rate.'

03/02/2023

It is forecasted that the market will soon recover due to falling house prices and mortgage rates, as well as rising household funds. Should we expect to see a correction in the affordability of housing? Click the link to find out!

With a recession looking increasingly likely, Fannie Mae economists expect national home prices to fall 6.7 percent over the next two years.

03/01/2023

Foreclosure rates are anticipated to stay below pre-pandemic levels despite a number of factors at least through mid-2023. Why are the rates of foreclosure stay low? Learn more here!

In what became known as the “foreclosure crisis,” which included the burst of the housing bubble, foreclosures, and the drop in the value of mortgage-backed securities, foreclosure rates peaked in 2010. But since that time, the number of foreclosures in the US has steadily declined. The foreclos...

02/28/2023

Buying a home is not something you decide to do on the spur of the moment. Here’s a step-by-step guide to securing the property you like.

Buying a home can be a long, complicated process. Here's a step-by-step guide to help you navigate all the twists and turns along the way.

02/28/2023

The study shows that housing is still their primary form of investment and a reliable inflation hedge. Families still make money from their homes, and they always will. Click the link to read more!

02/24/2023

What exactly constitutes a luxury residence? Is it influenced by the cost, the location, the square footage, or a mix of all three? Here's what you need to know!

If you’ve ever come across real estate listings and seen an advertisement for a “luxury home,” you might have assumed that the home might be noteworthy. However, what precisely constitutes a luxury home? Is it influenced by the cost, the location, the floor area, or perhaps some elemental mix ...

02/23/2023

Improvements in Real House Prices this year may be observed after last year’s loss. Read the chief economist’s view here.

First American Financial Corporation (NYSE: FAF), a premier provider of title, settlement and risk solutions for real estate transactions and the lead