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  • As median U.S. home sale price rose 3% year over year to $420,846 in August, ‘sticker shock’ is pushing buyers to pull out of agreements Buyers facing high mortgage rates are pulling out of their home-purchase agreements at the highest rate in nearly a year. Nearly 60,000 home-purchase agreements were canceled nationwide in August, equal […] The post Buyers are getting cold feet as mortgage rates exceed 7%: Redfin appeared first on MJ Agostini.

  • Spring is usually the busiest season in the housing market. Many buyers wait until then to make their move, believing it’s the best time to find a home. However, that isn’t always the case when you factor in the competition you could face with other buyers at that time of year. If you’re ready to […] The post Why It Makes Sense To Move Before Spring appeared first on MJ Agostini.

  • If you’ve seen recent headlines about foreclosures surging in the housing market, you’re certainly not alone. There’s no doubt, the stories in the media can be pretty confusing right now. They may even make you think twice about buying a home for fear that prices could crash. The reality is, the data shows a foreclosure […] The post Why You Shouldn’t Fear Today’s Foreclosure Headlines appeared first on MJ Agostini.

  • If you’ve been following the housing market over the last couple of years, you’ve likely heard about growing affordability challenges. But according to experts, the key factors that determine housing affordability are projected to improve this year. Selma Hepp, Executive, Deputy Chief Economist at CoreLogic, shares: “. . . with slowly improving affordability and a […] The post The 3 Factors That Affect Home Affordability appeared first on MJ Agostini.