For home buyers, rising home prices have made their journey to buy their dream home rather difficult. Home buyers have had to contend with constant bidding wars and houses selling for far more than the original asking price. Thankfully, real estate market conditions are changing. There is good evidence that housing prices are leveling off and it is a great time for home buyers.

The federal government moratorium was set to expire at the end of July and President Biden did not extend it over fear of his legal ability to do so. Instead, President Biden asked Congress to extend it. The situation seemed bleak as Congress was unable to come to an agreement and instead left on their planned recess. Thankfully, the CDC stepped in and extended the eviction moratorium themselves.

Why is it that the most expensive homes and the least expensive homes have seen their prices increase so much compared to other homes? What do these trends mean for home buyers and the real estate market overall? The team at Peopels Choice Mortgage is here to break it down.

The number of COVID cases are rising in every state in the nation, and in some places, in dramatic fashion. The first major surge that occurred in 2020 caused a series of dominoes to fall that impacted all aspects of our lives, including the real estate market. What lessons can we learn from the last year of the pandemic and what will this latest surge mean for home buyers and homeowners?

The winds of change are blowing and home buyers soon will not find themselves caught between a rock and a hard place. Things are starting to look up for home buyers, which means that now is the perfect time to prepare to buy a house.

If you are paying attention to the number of mortgage applications being processed, you might wonder if it is a warning sign for the market. However, other data indicates that declining mortgage applications is nothing to worry about.

Understanding the relationship between mortgage rates and inflation will give you a better picture of the economy and help you be prepared as homeowners and home buyers.

…When you find a home you want to buy, you will most likely be in a bidding war. In this scenario, it is important to act decisively and act quickly. You will need an accurate picture of what you are willing to spend and what you are able to spend. This is key to making decisive decisions. Having an accurate understanding of what you can spend requires having a realistic budget.

All indications are that mortgage rates are going to start rising and will continue to rise through the end of this year. The team at People's Choice Mortgage is here to give you the data regarding mortgage rates and what it means for homeowners and home buyers.

Demand to buy a house is through the roof, but there just is not enough housing inventory to meet the demand. In turn, buyers are getting into bidding wars just to make offers that are for far more than the asking price. All of this is intimidating and some might think it is just better to wait out the market and buy home later. The truth is that waiting is a big mistake. The team at People's Choice Mortgage has three reasons why waiting to buy a home is a bad idea.

Rock bottom mortgage rates are incredible for current homeowners because they provide an opportunity to refinance their existing mortgages. However, not all homeowners have been able to take advantage of this opportunity. Lenders have been very selective with their mortgage refinance requirements. Fortunately, it looks like good news is on the horizon and more homeowners will be able to refinance their current home loans.

Every week, more good news keeps coming out about the real estate market and homeowners! The team at Peoples Choice Mortgage is here to keep you updated on some of the latest real estate headlines and what it means for buyers, sellers, and homeowners.

New home sales in February dropped well below their January levels. Does this mean the red hot housing market is cooling down? Does this mean that homebuyers have finally had enough? The team at Peoples Choice Mortgage wants to take you behind some of this data to give you the full picture. When you look at all the numbers, the housing market is strong as ever and nothing is stopping motivated homebuyers.

For the first time since July of 2020, mortgage rates climbed about 3%. Chances are very slim that rates will drop any lower and might actually increase. The team at Peoples Choice Mortgage is here to discuss what rising mortgage rates mean for homeowners and home buyers.

Many are under the assumption that you have to have 20% for a down payment in order to qualify for a mortgage. This is not true. There are a lot of mortgage programs where you do not need a 20% down payment. However, while you don’t need a 20% down payment, it is helpful.

Rock bottom mortgage rates have been the fuel for the real estate market’s revved up engine. Since that is the case, what does the future hold for mortgage rates and what does it mean for the market? The team at Peoples Choice Mortgage is here to walk you through some of the important things to be aware of when it comes to mortgage rates.

…you should not let the sticker shock of today’s home prices make you think that you cannot afford to buy a home. There is more to home affordability than its cost and the team at Peoples Choice Mortgage is here to tell you why.

If you are one of those people who have been thinking about buying a home, but haven’t acted on it, it is time to stop delaying. Waiting any longer to buy a new home can cost you significant money in the short term and long term.

A combination of forbearance extensions, foreclosure moratoriums and increased demand for home purchases led to a housing boom instead of a market crash. Home prices increased across the United States in 2020. This has some asking whether or not we are in the midst of a real estate market bubble.

Low mortgage rates made 2020 great for homeowners in another respect. It presented the opportunity to refinance their mortgages. Where does the refinance market stand in the beginning of 2021?