• Why You Don't Need to Fear The Return of Adjustable-Rate Mortgages,The Wateridge Group

    Why You Don't Need to Fear The Return of Adjustable-Rate Mortgages

    As the graph conveys, after hovering around 3% of all mortgages in 2021, many more homeowners turned to adjustable-rate mortgages again last year. There’s a simple explanation for that increase. Last year is when mortgage rates climbed dramatically. With higher borrowing costs, some homeowners decid

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  • More Jobs & Better Pay Leads to More Buyer Demand,The Wateridge Group

    More Jobs & Better Pay Leads to More Buyer Demand

    A low unemployment rate means that most people who want to work are finding jobs. When people have jobs, they have steady incomes – and that can help set them up to consider homeownership. People Are Making More Money And data also shows hourly earnings have been going up pretty steadily over the pa

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  • Why Median Home Sales Price is Confusing Right Now,The Wateridge Group

    Why Median Home Sales Price is Confusing Right Now

    In both cases, a nickel is still worth five cents and a dime is still worth 10 cents. The value of each coin didn’t change. That’s why using the median home sales price as a gauge of what’s happening with home values may be confusing right now. Most buyers look at home prices as a starting point to

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