One of the top stories in recent real estate headlines was the intensity and frequency of bidding wars. With so many buyers looking to purchase a care home and so few of them available for sale, fiercely competitive bidding wars became the norm during the pandemic – and it drove care home prices up. If you tried to buy a care home over the past two years, you probably experienced this firsthand and may...
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If you’re wondering if home prices (including care home prices for RCFEs and ARFs) are going to come down due to the cooldown in the housing market or a potential recession, here’s what you need to know. Not only are experts forecasting home prices will continue to appreciate nationwide this year, but most of them also actually increased their projections for home...
If you put off your care home search at any point over the past two years, you may want to consider picking it back up based on today’s housing market conditions. Recent data shows the supply of homes, including RCFEs and ARFs, for sale is increasing, giving buyers like you additional options. But it’s important to keep in mind that while inventory is improving, it’s still a sellers’...
Whether you’re a potential care home buyer or seller, or both, you probably want to know: will care home prices fall this year? Let’s break down what’s happening with home prices, where experts say they’re headed, and why this matters for your homeownership goals. Last Year’s Rapid Home Price Growth Wasn’t the Norm In 2021, care home prices appreciated quickly. One...
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...
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...