What Higher Mortgage Rates Mean for Home Sellers

Higher mortgage rates are usually discussed as a buyer problem. They are a seller problem too. When rates rise, buyers focus hard on the monthly payment, and a growing share of them are finding a lower payment in one place: new construction. A homeowner selling an existing house is often competing w

There Are 4 Types of Housing Markets Right Now. Which 1 Are You In?

National housing headlines treat the market as one thing. It is not. Right now there are four very different groups moving through it at the same time: cash buyers, buyers using financing, owners who feel locked into a low rate, and builders with homes to sell. Ryan Serhant, CEO of SERHANT, put it b

3 Things You Can Actually Control About Your Mortgage Rate Right Now

For a lot of buyers, affordability comes down to one number: the mortgage rate. When rates move up, the natural reaction is to pause and wait for them to come back down. The problem is that no buyer controls where rates go. What a buyer can control is a set of factors that shape the rate they person

Think New Homes Cost More? Not Right Now.

Most people assume a newly built home costs more than an existing one. Right now, in a lot of markets, it is the other way around. New builds are often the more affordable option, because builders are cutting prices and stacking on incentives to keep their inventory moving. For a buyer, that is a re