01 Oct 2024
By RESCO Realty

How to Find Out If Your Dream Neighborhood Is In a Buyer’s Market?

Real Estate, ,
When you're searching for a home, knowing the state of the local market is essential. Whether it's a buyer's or seller's market can influence everything from price negotiations to how quickly homes sell. So, how can you tell if your dream neighborhood is favoring buyers? Here are some useful tips to help you gauge the market: 1. Check Housing Inventory High Inventory: A large number of homes for sale often indicates a buyer’s market. With more choices, sellers may be more open to negotiations. Low Inventory: Fewer available homes suggest a seller’s market, where demand is high and buyers face…
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30 Sep 2024
By RESCO Realty

What’s Ahead For Mortgage Rates This Week – September 30th, 2024

Financial Reports, ,
With the release of the PCE Index data, we are seeing the trend hold as inflation continues to slow down. This gives the Federal Reserve room to continue its rate cuts in the future. Following the positive news for inflation data, the GDP has also seen a larger-than-expected growth of 3% this quarter. The only data running against the tide is the Consumer Confidence reports, which reported to show that consumers are at their most anxious since 2021. We should expect a greater impact on the lending and broader markets ahead of the elections. PCE Index The Federal Reserve’s preferred…
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27 Sep 2024
By RESCO Realty

Three Excellent Reasons to Buy a Home So You Can Get out of the “Renting Rut”

Home Buyer Tips, ,
Renting a home is a good option for some, but buying a home just might be the best thing for you. When you rent a home, you send money to someone else every month in exchange for knowing that you can call on your landlord when the roof leaks, an appliance stops working or your bathroom faucet breaks. There are some big advantages to buying a house that will help you get out of your renting rut and focus more on your future. Build Equity Did you know that when you rent a home, you help someone else build equity?…
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