What Happens to Housing When There’s a Recession?

October 25, 2022

What Happens to Housing When There’s a Recession?

Since the 2008 housing bubble burst, the word recession strikes a stronger emotional chord than it ever did before. And while there’s some debate around whether we’re officially in a recession right now, the good news is experts say a recession today would likely be mild and the economy would rebound quickly. Part of that […]

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Resource Interest Rate Buydown

October 17, 2022

Resource Interest Rate Buydown

If you’ve been shopping for a home lately, you may have heard the term, “temporary buydown program.” What is this and how can it help you afford the home you want in today’s market? If you’re ready to buy but higher interest rates have you on the fence, the Resource Buydown* program could be a […]

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September 13, 2022

Resource Increases Conforming Loan Limits

Resource Financial is providing more opportunities for the American dream with the new increased conforming loan limits.  Conforming loan limits are increasing to $715,000 from $647,200 – that is a $67,800 increase from just earlier this year. What does this mean to me? You may be able to take advantage of a more affordable loan […]

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Is the Housing Market Correcting?

June 15, 2022

Is the Housing Market Correcting?

If you’re following the news, all of the headlines about conditions in the current housing market may leave you with more questions than answers. Is the boom over? Is the market crashing or correcting? Here’s what you need to know. The housing market is moderating compared to the last two years, but what everyone needs to remember is […]

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What Does the Rest of the Year Hold for the Housing Market?

June 1, 2022

What Does the Rest of the Year Hold for the Housing Market?

If you’re thinking of buying or selling a house, you’re at an exciting decision point. And anytime you make a big decision like that, one thing you should always consider is timing. So, what does the rest of the year hold for the housing market? Here’s what experts have to say. The Number of Homes Available for Sale […]

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Three Tips for First Time Homebuyers

May 17, 2022

Three Tips for First Time Homebuyers

Buying your first home is a major decision and an exciting milestone. Even though it can feel daunting at times, it has the power to change your life for the better. If you’re looking to purchase your first home, you may be wondering what’s happening in the housing market today, how much you need to save, and where […]

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Remote work means flexibility for first-time homebuyers

April 19, 2022

Remote work means flexibility for first-time homebuyers

Today’s low inventory can be challenging for homebuyers, especially if you’re looking to purchase your first home. But if you’re one of many people who work remotely, you may have a great opportunity to use the flexibility you have at work to achieve your homebuying goals this year. In a recent report, Arch Capital Services explains how the ongoing trend of […]

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Homeownership is a Key to Building Wealth

April 4, 2022

Homeownership is a Key to Building Wealth

The link between financial security and homeownership is especially important as inflation rises. But many people may not realize just how much owning a home contributes to your overall net worth. As Leslie Rouda Smith, President of the National Association of Realtors (NAR) says, “Homeownership is rewarding in so many ways and can serve as […]

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Did Your Dream Home Just Come on the Market?

March 23, 2022

Did Your Dream Home Just Come on the Market?

For the first time in a long time, the number of newly listed homes is beginning to rise. In their latest monthly release, realtor.com reveals the number of existing homes entering the market has increased for two months in a row (this comes after six months of declines). Here’s a graph showing the monthly new listings going back […]

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Don’t Let Student Loans Delay Your Homeownership Dreams

February 23, 2022

Don’t Let Student Loans Delay Your Homeownership Dreams

If you’re looking to buy a home, you may be wondering how your student loan debt could impact those plans. Do you have to wait until you’ve paid off your student loans before you can buy your first home? Or could you qualify for a home loan with that debt? To give you the answers […]

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