About Bradley Mayhew
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Entries by Bradley Mayhew
Why It Makes Sense To Move Before Spring
January 26, 2023 in First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers /by Bradley MayhewSpring 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 […]
Why You Shouldn’t Fear Today’s Foreclosure Headlines
January 25, 2023 in For Buyers, For Sellers, Foreclosures, Housing Market Updates /by Bradley MayhewIf 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 3 Factors That Affect Home Affordability
January 24, 2023 in First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers, Pricing /by Bradley MayhewIf 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:
Want To Sell Your House? Price It Right.
January 23, 2023 in For Sellers, Pricing, Selling Myths /by Bradley MayhewLast year, the housing market slowed down in response to higher mortgage rates, and that had an impact on home prices. If you’re thinking of selling your house soon, that means you’ll want to adjust your expectations accordingly. As realtor.com explains:
What’s Really Happening with Home Prices? [INFOGRAPHIC]
January 20, 2023 in For Sellers, Housing Market Updates, Infographics, Pricing /by Bradley MayhewHave Home Values Hit Bottom?
January 18, 2023 in For Buyers, For Sellers, Pricing /by Bradley MayhewWhether you’re already a homeowner or you’re looking to become one, the recent headlines about home prices may leave you with more questions than answers. News stories are talking about home prices falling, and that’s raising concerns about a repeat of what happened to prices in the crash in 2008.
Think Twice Before Waiting for 3% Mortgage Rates
January 17, 2023 in Buying Myths, First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers /by Bradley MayhewLast year, the Federal Reserve took action to try to bring down inflation. In response to those efforts, mortgage rates jumped up rapidly from the record lows we saw in 2021, peaking at just over 7% last October. Hopeful buyers experienced a hit to their purchasing power as a result, and some decided to press […]
What Past Recessions Tell Us About the Housing Market
January 16, 2023 in For Buyers, For Sellers, Housing Market Updates /by Bradley MayhewIt doesn’t matter if you’re someone who closely follows the economy or not, chances are you’ve heard whispers of an upcoming recession. Economic conditions are determined by a broad range of factors, so rather than explaining them each in depth, let’s lean on the experts and what history tells us to see what could lie […]
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