Nathan George- Exp Realty Realtor

09/22/2024

Lower Mortgage Rates Boost Your Buying Power

Mortgage rates are trending down and that’s great news for your bottom line.

09/22/2024

The Latest Builder Trend: Smaller, Less Expensive Homes

Even though affordability is improving, buying a home can still feel tough right now. But here’s some good news: builders are focusing their efforts on building smaller homes, and they’re offering key incentives to buyers. And both of these things can be a big help if you're worried about finding a home that’s right for your budget.

During the pandemic, homebuyers were looking for larger homes—and many could afford them. Builders responded to that demand and created bigger spaces to help people with things like working from home, setting up home gyms, and having extra rooms for virtual school.

Now, with affordability as tight as it is, builders are turning their focus to smaller single-family homes. At the end of the day, builders are going to focus on building homes that meet current market demand – because they want to build what they know will sell. And the number one thing homebuyers are...

Even though affordability is improving, buying a home can still feel tough right now.

09/22/2024

Have you heard the good news? Mortgage rates are trending down.

And, if you’re looking to buy a home, that helps your bottom line. As rates drop, your monthly payment on your next home does too.

The change we’ve already seen could save you hundreds of dollars a month.

09/21/2024

Falling Mortgage Rates Are Bringing Buyers Back

If you’ve been hesitant to list your house because you’re worried no one’s buying, here’s your sign it may be time to talk with an agent.

After months of high rates keeping buyers on the sidelines, things are starting to shift. Rates are already coming down due to a number of economic factors. And yesterday the Federal Reserve cut the Federal Funds Rate for the first time since they began raising that rate in March 2022. And while they don’t control mortgage rates, this sets the stage for mortgage rates to fall even further than they already have – especially since more cuts from the Fed are expected into next year. And lower mortgage rates are bringing more buyers back into the market. Lisa Sturtevant, Chief Economist at Bright MLS, says: “A drop in the cost of borrowing will help fuel more homebuyer demand . . . Falling rates will also bring more sellers into the market.”

The best part? You can take...

If you’ve been hesitant to list your house because you’re worried no one’s buying, here’s your sign it may be time to talk with an agent.

09/20/2024

Lower Mortgage Rates Boost Your Buying Power

As rates drop, your monthly payment on your next home will too. Let’s connect to talk about how today’s rates boost your purchasing power.

09/19/2024

Mortgage rates are dropping. As a result, more buyers are getting ready to re-enter the market. That’s clear based on the rise in mortgage applications since rates started to fall.

If you’ve been thinking about selling, let’s talk about how to get your house ready so you can take advantage of increased buyer activity.

09/18/2024

Mortgage Rates Drop to Lowest Level in over a Year and a Half

Mortgage rates have hit their lowest point in over a year and a half. And that’s big news if you’ve been sitting on the homebuying sidelines waiting for this moment.

Even a small decline in rates could help you get a better monthly payment than you would expect on your next home. And the drop that’s happened recently isn’t small. As Sam Khater, Chief Economist at Freddie Mac, says:

“Mortgage rates have fallen more than half a percent . . . and are at their lowest level since February 2023.”

But if you want to see it to really believe it, here’s how the math shakes out. Going from 7.5% just a few months ago to the low 6s has a big impact on your bottom line. In just a few months’ time, the anticipated monthly payment on a $400K loan has come down by over $370. That’s hundreds of dollars less per month.

With the recent drop in mortgage rates, the purchasing power you have right now is...

Mortgage rates have hit their lowest point in over a year and a half.

09/18/2024

Have you felt like homeownership is out of reach? You aren’t alone.

But here’s some good news: builders are focusing on bringing smaller, more affordable homes to market. And if we open up your search to include those new builds, we may be able to find the right fit for your budget.

Let’s chat if you’re ready to explore what builders have to offer in and around our area.

09/17/2024

09/17/2024

Mortgage rates have hit their lowest level since February 2023 – and that’s big news.

So if you’ve been sitting on the homebuying sidelines waiting for this to happen, it’s time to talk about making your move. Because the monthly savings is going to be a game changer for your purchasing power.

DM me and I’ll show you how the recent decline may help you get a better monthly payment than you’d expect.

09/17/2024

Why Pre-Approval Should Be at the Top of Your Homebuying To-Do List

Since the supply of homes for sale is growing and mortgage rates are coming down, you may be thinking it’s finally your moment to jump into the market. To make sure you’re ready, you need to get pre-approved for a mortgage.

That’s when a lender looks at your finances, including things like your W-2, tax returns, credit score, and bank statements, to figure out what they’re willing to loan you. After that process, you’ll get a pre-approval letter to show what you can borrow. Here are two reasons why this is essential in today’s market.

Pre-Approval Helps You Know Your Numbers

While home affordability is finally starting to show signs of improving, it’s still tight. So, it’s a good idea to talk to a lender about your loan options and how today’s changing mortgage rates will impact your monthly payment. The pre-approval process is the perfect time for that. In addition to determining...

Since the supply of homes for sale is growing and mortgage rates are coming down, you may be thinking it’s finally your moment to jump into the market.

09/16/2024

September 29 – October 5 is the best week to buy a home this year, according to a study from Realtor.com.

And with mortgage rates coming down like they have recently, that makes this sweet spot even hotter.

So, if you’re looking to make a move, DM me so we can make sure you’re ready to go.