There’s no doubt about the fact that the housing market is slowing from the frenzy we saw over the past two years. But what does that mean for you if you’re thinking of selling your care home (RCFE or ARF)? While home prices are still appreciating in most markets and experts say that will continue, they’re climbing at a slower pace because rising mortgage rates are creating...
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Once you’ve applied for a mortgage to buy an RCFE, there are some key things to keep in mind. While it’s exciting to start thinking about moving in and decorating, be careful when it comes to making any big purchases. Here are a few things you may not realize you need to avoid after applying for your RCFE home loan. Don’t Deposit Large Sums of Cash Lenders need to source your money, and cash...
If you’re thinking about buying an RCFE, you’ve probably heard mortgage rates are rising and have wondered what that means for you. Since mortgage rates have increased over two percentage points this year, it’s natural to think about how this will impact your RCFE homeownership plans. Today, buyers are reacting in one of two ways: they’re either making the decision to buy now before rates...
Even if you haven’t been following real estate news, you’ve likely heard about the current sellers’ market. That’s because there’s a lot of talk about how strong market conditions are for people who want to sell their RCFE homes. But if you’re thinking about listing your house, you probably want to know: what does being in a sellers’ market really mean? What Is a Sellers’ Market? The...
If you’re following along with the news today, you’ve likely heard about rising inflation. You’re also likely feeling the impact in your day-to-day life as prices go up for gas, groceries, and more. These rising consumer costs can put a pinch on your wallet and make you re-evaluate any big purchases you have planned to ensure they’re still worthwhile. If you’ve been thinking about purchasing an...
In the last few weeks, the average 30-year fixed mortgage rate from Freddie Mac inched up to 5%. The rates for RCFE mortgages are about .75% - 5.0% higher, depending upon the type of financing utilized. While that news may have you questioning the timing of your RCFE home search, the truth is, timing has never been more important. Even though you may be tempted to put your plans on hold in hopes that...
There’s never been a truer statement regarding forecasting mortgage rates than the one offered last year by Mark Fleming, Chief Economist at First American: “You know, the fallacy of economic forecasting is: Don’t ever try and forecast interest rates and or, more specifically, if you’re a real estate economist mortgage rates, because you will always invariably be wrong.” Coming into this year,...
With rates inching their way up to 5%, the housing market is slowly changing and trends are emerging that illustrate a shift in the insanely hot housing market. New Trends Emerge As rates zoom upwards, home affordability is beginning to impact the housing market in several profound and meaningful ways. The scent of orange tree blossoms is captivating. It is just the beginning of the slow metamorphosis...
When you sell your RCFE, you want to sell your house for the highest price possible. That might be why many RCFE homeowners are eager to list in today’s sellers’ market. After all, with record-low inventory and high buyer demand, many RCFE homes are selling for more than asking price. Data from the National Association of Realtors (NAR) shows 46% of homes are selling above list price...
In today’s sellers’ market, many care home owners are weighing their options and trying to decide if they should sell their care home. If you’re in that group, you may be balancing things like the ongoing health crisis, rising mortgage rates, difficulty in obtaining caregivers and residents, and your own changing needs to determine your best time to sell. However, recent data shows...