While there have been some strong headwinds for the housing market this year, we’ve seen some room for optimism recently. Specifically, three pieces of positive news for home buyers. The first is that after a sharp run up in interest rates, we have seen rates fall sharply in the last two weeks after hitting a high in October.
The second piece is a softening of home prices. We are seeing a deceleration of rising prices and price points are not written in stone at this point.
Finally, there is higher housing inventory today, so home buyers have options!
If you are thinking about a purchase now or after the holidays, be sure to fill out our home purchase wizard on our website and we can see what best fits your needs!

The FHA announced the new loan limits for 2023 this week. The 2023 base line limit for single family homes in most areas is $472,030 an increase of over $50,000 from the previous limit. In high-cost areas the limit is actually over $1 million dollars for the first time!
The limits vary based on property type and area the single family home is the most common loan type, requirements vary but generally you’ll need a 580 credit score and a down payment of at least 3.5%. Call us or file out our online analyzer on our website and we can get you specific figures for your situation.

We often hear mortgage and real estate terms and we recognize the term and have a general idea what it is, but here is a detailed explanation of what home equity really means. In the simplest terms home equity is how much of your home you own. So if your home is valued at $500,000 and you have a mortgage balance of $300,000 then you have $200,000 in home equity. If your home’s value appreciated and you have more home equity then you can use the equity for thins like a home equity line of credit (HELOC) or if the mortgage is paid off you may also consider a reverse mortgage. In any case if you’re curious about your equity and options schedule a consultation with us and we can review your options.