From ecosystem conservation to “new” darker neutrals in exterior paint, we look at the trends set to take hold in the industry this year. Three Key Takeaways Advise buyers that nobody should copy trends for their popularity since they change over time; a better approach is to seek joy. Aging boomers have more options to…
2024 Goals? Your Home Equity Can Help!
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…
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Keys To Making Your Home Goals in 2024
If buying or selling a home is your goal for 2024, it’s important to understand today’s housing market, know your why, and work with industry experts to bring your homeownership vision for the new year into focus. Call Stovall Team today 714.343.9294. Over the last year, the economy had a big impact on the housing market, and likely on…
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11.16.23 Mortgage rates dip to lowest level since September
Mortgage interest rates declined for the third straight week, setting up the possibility of a small end-of-year rally for home sales. The 30-year fixed-rate mortgage averaged 7.44% in Freddie Mac’s weekly survey, which is the lowest level since late September. The 15-year fixed-rate also dropped slightly, averaging 6.76% for the week. That combination of economic…
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When Will Home Prices Be Affordable Again?
Home buyers have their fingers crossed that 2024 will be the year where home prices regain some normalcy. One promising sign entering the new year: mortgage rates, which remained stubbornly high throughout 2023, have steadily declined over the last couple of months. Following eight consecutive weeks of declines, the average 30-year fixed rate rose for…