Keeton Realty Group

01/19/2024

If you’re worried home prices will drop, here’s some good news. More than 100 experts project they’ll keep going up through 2028. That means if you buy now, your home's value – and your equity – could get a nice boost. Let’s connect to talk about what’s happening with home prices in our area.



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01/18/2024

3 Key Factors Affecting Home Affordability

To really understand home affordability, you need to look at the combination of three important factors: mortgage rates, home prices, and wages.

1. Mortgage Rates

Mortgage rates have come down in recent months. And looking forward, most experts expect them to decline further over the course of the year. Even a small change in mortgage rates can have a big impact on your purchasing power, making it easier for you to afford the home you want by reducing your monthly mortgage payment.

2. Home Prices

The second important factor is home prices. After going up at a relatively normal pace last year, they’re expected to continue rising moderately in 2024.
That’s great news for you because it means prices aren’t likely to skyrocket like they did during the pandemic. But it also means it’ll probably cost you more to wait. So, if you’re...



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Over the past year, a lot of people have been talking about housing affordability and how tight it’s gotten.

01/17/2024

Wondering where you’ll go when you sell your house? With so few homes available today, it’s crucial to explore all your options. That includes both existing homes as well as newly built ones. If you're curious about the choices in our area, let's chat. I'm here to help you navigate what's available and find what suits you best.



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01/16/2024

Homeownership isn't just about finding a house—it's a journey towards building wealth. Your monthly payments and home value appreciation lead to growing equity over time. It's one of the great ways homeownership can boost your net worth. Ready to get started on your wealth-building journey? Let's chat.



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01/15/2024

Avoid These Common Mistakes After Applying for a Mortgage

If you’re getting ready to buy a home, there are some key things to keep in mind after you apply for your mortgage and before you close. Here’s a list of things to remember when you apply for your home loan.

Don’t Deposit Large Sums of Cash

Lenders need to source your money, and cash isn’t easily traceable. Discuss the proper way to document your transactions with your loan officer.

Don’t Make Any Large Purchases

It’s not just home-related purchases that could disqualify you from your loan. Any large purchases can be red flags for lenders. Resist the temptation to make any large purchases, even for furniture or appliances.

Don’t Cosign Loans for Anyone

When you cosign for a loan, you’re making yourself accountable for that loan’s success and repayment.

Don’t Switch Bank Accounts

Lenders need to source...



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If you’re getting ready to buy a home, it’s exciting to jump a few steps ahead and think about moving in and making it your own.

01/14/2024

Great news for those waiting for mortgage rates to decline before making a move. While they’re not going back down to pandemic lows, there's been a recent, noticeable dip - and many experts believe they’ll decline even further. If you have questions about how changing mortgage rates affect your moving plans, DM me today.



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01/13/2024

Ways Your Home Equity Can Help You Reach Your Goals

If you’ve owned your house for at least a couple of years, there’s something you’re going to want to know more about – and that’s home equity. If you’re not familiar with that term, Freddie Mac defines it like this: “. . . your home’s equity is the difference between how much your home is worth and how much you owe on your mortgage.”

That means your equity grows as you pay down your home loan over time and as home values climb. Here are a few examples of how you can put your home equity to work for you.

1. Buy a Home That Fits Your Needs

If your current space no longer meets your needs, you can put your equity toward a down payment on something that fits your changing lifestyle.

2. Reinvest in Your Current Home

A real estate agent is a great resource on which projects to prioritize to get the greatest return on your...



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If you’ve owned your house for at least a couple of years, there’s something you’re going to want to know more about – and that’s home equity.

01/12/2024

Why the Price of Your House Matters When Selling

The asking price for your house can greatly affect your bottom line and how fast your house sells. Let’s connect so we can find the right price for your house.



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01/11/2024

The Dramatic Impact of Homeownership on Net Worth

If you're trying to decide whether to rent or buy a home this year, here's a powerful insight that could give you the clarity and confidence you need to make your decision.

Every three years, the Federal Reserve releases the Survey of Consumer Finances (SCF), which compares net worth for homeowners and renters. The latest report shows the average homeowner’s net worth is almost 40X greater than a renter’s.

One reason a wealth gap exists between renters and homeowners is because when you’re a homeowner, your equity grows as your home appreciates in value and you make your mortgage payment each month.

The Largest Part of Most Homeowner Net Worth Is Their Equity

Home equity does more to build the average household’s wealth than anything else. According to data from First American and the Federal Reserve, this holds true...



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If you're trying to decide whether to rent or buy a home this year, here's a powerful insight that could give you the clarity and confidence you need to make your decision.

01/10/2024

Why Pre-Approval Is Your Homebuying Game Changer

If you’re thinking about buying a home, pre-approval is a crucial part of the process you definitely don’t want to skip. So, before you start picturing yourself in your new living room or dining on your future all-season patio, be sure you’re working with a trusted lender to prioritize this essential step. Here’s why.

Affordability is tight with today’s mortgage rates and rising home prices. At the same time, there’s a limited number of homes for sale right now, and that means ongoing competition among hopeful buyers. But, if you’re strategic, there are ways to navigate these waters – and pre-approval is the game changer.

What Pre-Approval Does for You

To understand why it’s such an important step, you need to know more about pre-approval. As part of the homebuying process, a lender looks at your finances to determine what...



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If you’re thinking about buying a home, pre-approval is a crucial part of the process you definitely don’t want to skip.

01/09/2024

There’s so much a trusted real estate agent can help you with when you sell a house. We’re specialists at navigating today’s market and each step of the selling process. Don’t go at it alone. DM me today so we can sell your house this year.



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01/08/2024

What Lower Mortgage Rates Mean for Your Purchasing Power

If you want to buy a home, it's important to know how mortgage rates impact what you can afford and how much you’ll pay each month. Fortunately, rates for 30-year fixed mortgages have come down significantly since the end of October and are currently under 7%, according to Freddie Mac.

This recent trend is great news for buyers. As a recent article from Bankrate says: “The rate cool-off somewhat eases the housing affordability squeeze.”

And according to Edward Seiler, AVP of Housing Economics and Executive Director of the Research Institute for Housing America at the Mortgage Bankers Association (MBA): “MBA expects that affordability conditions will continue to improve as mortgage rates decline . . .”

Here’s a bit more context on how this could help with your plans to buy a home.

How Mortgage Rates Affect Your...



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If you want to buy a home, it's important to know how mortgage rates impact what you can afford and how much you’ll pay each month.