If you’ve recently decided you’re ready to become a homeowner, chances are you’re trying to figure out what to do first.

While there is little doubt that the current luxury market is facing challenges, we investigate the slight shift in some of the market’s variables that could be the key to market growth in the future. We acknowledge that during the last year the expectations and reactions of buyers and sellers have become so entrenched in… The post The November 2023 Luxury Market Report appeared first on RISMedia.

The baseline conforming loan limit (CLL) for most U.S. mortgages backed by Freddie Mac and Fannie Mae in 2024 has increased from $726,200 to $766,550, an increase of $40,350 or 5.56% from 2023, according to the annual release by the Federal Housing Finance Agency (FHFA) this past Tuesday. The Housing and Economic Recovery Act (HERA)… The post FHFA Announces Conforming Loan Limit Values for 2024 appeared first on RISMedia.

Does the rising cost of just about everything these days make your dream of owning your own home feel less within reach?

REALTORS® are an essential piece of the housing market ecosystem. However, especially in the world post Burnett vs. NAR, many home sellers don’t realize the necessity of an agent when it comes to navigating the market.  For sellers that choose to make their own way in the market, it doesn’t often work in their favor.… The post Home Sellers on Working With Versus Without REALTORS® appeared first on RISMedia.

If you’re thinking about selling your house, you may have heard the supply of homes for sale is still low, and that means your house should stand out to buyers who are craving more options.

Are you wondering about the cost of a septic system? The septic system, the hidden hero beneath our yards, quietly performs the vital task of managing household wastewater. However, when the time comes for a replacement, homeowners often wonder about the financial impact. You will learn the intricacies of the septic system replacement cost. We… The post How Much Does Replacing a Septic System Cost appeared first on RISMedia.

Even with so much data showing home prices are actually rising in most of the country, there are still a lot of people who worry there will be another price crash in the immediate future.

The housing market has been teetering on the edge of a crash amidst a plethora of challenges, and consumers have begun to take notice on how much risk there is of a crash in 2024. In fact, 44% of Americans think the housing market is at risk of crashing in the next year, according to… The post How Americans Feel About a Potential Housing Market Crash appeared first on RISMedia.

Here are a few reasons you may not want to hold off until the new year to sell your house.

The process of going through a divorce is undeniably challenging, with numerous emotional, legal and financial considerations. Amidst the upheaval, whether to buy a home can add another layer of complexity to an already intricate situation. You will see the factors to consider when contemplating the purchase of a home during or after a divorce.… The post Should You Buy a Home When Getting Separated? appeared first on RISMedia.

The Personal Consumption Expenditures (PCE) index, maintained by the Bureau of Economic Analysis (BEA), tracks prices, consumer spending and fluctuations in them month to month. It is also the Federal Reserve’s preferred measure of inflation. If you want a sense of what the Fed’s board might do before their last meeting of 2023 in December,… The post Falling Inflation Could Lead to Fed Cutting Rates appeared first on RISMedia.