While the future isn’t completely certain, all signs are pointing to a recession, so here’s everything you need to know about the coming housing recession. Definition of a Housing Recession An economic recession is defined as “a significant, widespread, and prolonged downturn in economic activity,” according to Investopedia. A generally accepted rule of thumb is…
Answers vary according to who you listen to, so is Fresno experiencing a housing recession or not? Experts like Lawrence Yun, chief economist for the National Association of Realtors (NAR), say that the U.S. housing market nationwide is in trouble. Fox Business quotes Yun as saying, “We’re witnessing a housing recession in terms of declining…
With so much economic uncertainty and almost everything costing more these days, is it still a good time to buy a house? For most people, yes! Buying vs. Renting Home prices have trended up over the past several years, but so have rent prices. While there are personal reasons why you may choose to rent…
If you’re looking to buy a home in the Fresno-Clovis metropolitan area, should you look in Fresno or Clovis? Which city is best for your next home purchase? It all depends on what you’re looking for and what your priorities are. Fresno Fresno is larger and more diverse, and the median home prices are lower…
You’ve got questions about Fresno, CA real estate, and you’re not alone … here are the answers to some of the most frequently asked questions … your Fresno real estate FAQ. What is real estate? Real estate, as defined by Investopedia, is “the land along with any permanent improvements attached to the land, whether natural…
Buying a home is a major investment, and one that most people don’t do often, so it can be helpful to have a checklist to keep you on track of “what questions should I ask my realtor before making an offer?” You want to have as much clarity and peace of mind as possible before…
When the real estate market is hot and competitive it can seem impossible to purchase a home, but with these tips for buying in a seller’s market, you can increase your odds of success. A seller’s market means there is greater demand (buyers) than supply (homes on the market). When supply and demand is out…
Part of the home mortgage loan application process is a review of your credit history and credit score, so a common question is, “What kind of credit score do I need to buy a home?” This is a fair question. And while we’ll give you some general guidelines, the very best answer will come from…
There are many questions you may have when looking into home ownership, but one of the first is probably, “What should my income be to buy a home?” You want to be sure you can actually afford the monthly mortgage payments without stretching your budget too thin. After all, you’ll have other expenses and things…
So, you want to buy a house and you may have heard that it’s good to get this thing called a pre-approval, but exactly what does it mean to be pre-approved to buy a home? We’re glad you asked. It shows you’re serious about buying a home. But before we go into that, let’s start…
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