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3 Things That Aren’t Going To Happen in Today’s Housing Market
There’s no shortage of uncertainty in today’s housing market, and that’s naturally fueling a lot of dramatic headlines. And if you’re trying to buy a home, that kind of noise can make your decision feel a lot more complicated.
In fact, a recent CNBC study asked homebuyers what they’re most concerned about, and the same three topics kept rising to the top:
- Mortgage rates
- The number of homes for sale
- Home prices
The challenge is that much of what people are hearing about these topics is driven by misconceptions, not facts. Let’s separate the headlines from what the data is really showing.
Misconception #1: “I Should Wait Because Mortgage Rates Are Going To Fall Dramatically”
One of the most common ideas circulating on social media is that mortgage rates are about to drop sharply, so waiting to buy is the smarter move.
But is that what experts are expecting?
While mortgage rates have eased a little in recent weeks, forecasts still aren’t predicting any major declines. It’s more likely that rates will stay in the low 6% range this year.
And that’s not a remarkable shift from the rates we’re seeing today:
Obviously, a lot depends on inflation and the broader economy. But based on what we know right now, waiting for a big drop in mortgage rates may not play out the way many buyers hope. As U.S. News explains:
“Mortgage rates aren’t expected to change much over the next several quarters . . .”
And even with rates where they are today, buying a home is already more affordable than it was a year ago. Even if rates don’t drop in the near future, home affordability is better now than a year ago.
Misconception #2: “There Are Too Many Homes for Sale”
You may have heard that housing inventory is rising. Nationally, that’s true: the number of homes for sale is 8% higher than it was at this time last year. But that’s not bad news. In lots of markets, it’s easing the pressure on buyers.
The problem is that some headlines make good news sound like bad news. They focus on the fact that inventory is at its highest level since 2019 or highlight how many new homes builders are adding. That can make it sound like supply is growing too much, too fast.
But the bigger picture tells a different story.
According to new Realtor.com data, even though inventory is up over last year, it’s still nearly 14% lower than it was in the last normal housing market from 2017 to 2019:
And while local conditions vary, only 9 states have more inventory now than they did before the pandemic. That’s a major reason there aren’t enough homes for sale to trigger anything like the 2008 housing crash.
Misconception #3: “Home Prices Are About To Crash”
This is another common headline you’ve probably seen. This misconception comes from the fact that a few metros are actually seeing small price declines. Influencers are pointing to this to claim home prices are crashing. But this is absolutely not true nationally.
In most markets, home prices are still rising, not falling. Here’s why:
- Many homeowners are choosing not to sell to avoid giving up the low mortgage rate they locked in a few years ago. That continues to limit how much inventory can grow.
- Inventory remains below pre-pandemic norms. There still aren’t enough homes for sale to cause a widespread price crash.
- Even in markets with more listings, some sellers are pulling their homes off the market instead of making major price cuts.
Those are three big reasons home prices are not on track for a crash.
And even in the areas seeing small price declines, those drops are nowhere near enough to erase the huge gains most homeowners have built over the past five years:
These drops don’t signal a crash. They show the market settling after a few years of record-breaking spikes in prices.
Bottom Line: Get the Facts on Your Market
The discussions we see online can often exaggerate the negative and ignore the positive, especially in housing. If you want a clearer, truer idea of what’s happening with mortgage rates, housing inventory, and home prices in your market, talk to a trusted real estate professional.
Connect with a local real estate agent so you have an expert who can give you the real story on your local housing market.
Top 10 Best Housing Markets for First-Time Home Buyers This Spring
For many hopeful buyers, purchasing a first home has lately felt less like a goal and more like a long shot.
Not because you weren’t financially responsible. Not because you weren’t ready to make a move. But because, every time you checked the numbers, homeownership still didn’t feel realistic.
That’s why so many first-time buyers have put their plans on hold.
Now, after years of watching from the sidelines, this spring may finally bring new opportunities. Especially in certain housing markets where affordability and inventory are starting to improve.
The 10 Best Markets for First-Time Buyers
Zillow recently released its list of the top 50 metro areas for first-time home buyers this spring, and the top 10 housing markets stand out for good reason.
Here are Zillow’s top 10 best markets for new buyers in 2026:
- Jacksonville, FL
- Birmingham, AL
- San Antonio, TX
- Atlanta, GA
- Houston, TX
- St. Louis, MO
- Detroit, MI
- Raleigh, NC
- Baltimore, MD
- Louisville, KY
In these higher-ranked metros, Zillow says median-income households can afford 68% of all homes currently for sale.
This is a major shift, and one that could give buyers real options in some areas.
Not long ago, many buyers felt lucky to find even a few homes within reach. Today, in some markets, there are finally more realistic options for first-time buyers trying to break into the market.
What Makes These Housing Markets Stand Out?
These markets aren’t becoming more favorable for any single reason. Rather, several smaller trends are beginning to work together.
As Orphe Divounguy, Senior Economist at Zillow, explains:
“First-time buyers are finally seeing some light at the end of the tunnel. Affordability is still a challenge, but rising incomes, stabilizing prices and improving inventory are creating real opportunities in parts of the country. In the strongest markets for first-time buyers, they’ll find more choices, less competition and a clearer path to homeownership than they’ve had in years.”
That shift comes down to three key factors:
1. More Homes Are Coming to Market
According to Realtor.com, housing inventory is up 8.1% compared to last year.
More homes for sale means buyers have more choices. It can also reduce the pressure that comes with low-inventory markets, where bidding wars and quick decisions often make it harder for new buyers to compete.
2. Home Price Growth Is Slowing
While affordability is still a challenge in many areas, home prices aren’t rising as quickly as they were in recent years.
Slower price growth can help keep more homes within reach, and in some markets, prices may even be easing enough to bring new neighborhoods back into play.
3. Incomes Are Rising
Wage growth is also helping improve the picture for buyers.
When household income increases, it can offset part of the affordability challenge, even when mortgage rates remain elevated. As Mark Fleming, Chief Economist at First American, explains:
“Income growth has outpaced house price growth for 19 straight months, boosting house-buying power even as mortgage rates remain elevated.”
Taken together, these trends are creating better conditions for new buyers in select markets across the country.
What If Your Market Didn’t Make the List?
If your city did not make Zillow’s top 10, or even the top 50, there’s no reason to worry. You’re not out of options.
Opportunities exist in any market. The key is knowing where to look and having the right guidance along the way.
Even within the same metro area, one buyer’s experience can be very different from another’s. A lot depends on local knowledge and strategy. The right real estate agent can help you identify overlooked opportunities, such as:
- Neighborhoods where prices have not climbed as fast.
- Areas with more available inventory.
- New construction communities offering builder incentives.
These kinds of opportunities may not make national headlines, but they can make a meaningful difference when trying to buy your first home.
Bottom Line: More Options for First-Time Home Buyers
For a long time, first-time home buyers have felt stuck, waiting for the market to shift in their favor.
This spring, that may finally be happening in certain markets.
With more inventory, slower price growth, and rising incomes, buying a first home may feel more realistic than it has in years. And even if your market isn’t on Zillow’s list, there may still be neighborhoods or communities nearby offering a better chance to get started.
If you want to find out where those opportunities exist in your local market, connect with a trusted real estate agent who knows where to look.
Is an Adjustable-Rate Mortgage Right for You? A Homebuyer’s Guide
If you’ve been shopping for a home lately, you’ve likely felt the pressure of today’s affordability challenges. Higher home prices and mortgage rates have made it harder for many buyers to stay within budget. That’s one reason adjustable-rate mortgages, or ARMs, are getting more attention again.
For some homebuyers, an ARM can offer welcome savings upfront. But before you go that route, it’s important to understand how these loans work, why they appeal to certain buyers, and what the long-term risks might be.
What Is an Adjustable-Rate Mortgage?
An adjustable-rate mortgage is a home loan that starts with a fixed interest rate for a set number of years. After that initial period ends, the rate can adjust at scheduled intervals based on market conditions.
As Business Insider explains:
“With a fixed-rate mortgage, your interest rate remains the same for the entire time you have the loan. This keeps your monthly payment the same for years . . . adjustable-rate mortgages work differently. You’ll start off with the same rate for a few years, but after that, your rate can change periodically. This means that if average rates have gone up, your mortgage payment will increase. If they’ve gone down, your payment will decrease.”
That’s the biggest difference between a fixed-rate mortgage and an ARM. A fixed-rate loan offers predictability, while an ARM may give you a lower payment at first but less certainty later.
It’s true that costs like property taxes and homeowners insurance can still change with a fixed-rate mortgage. But the principal and interest portion of the payment generally stays steady. With an ARM, your monthly payment can rise or fall once the fixed period ends.
Why More Home Buyers Are Considering ARMs
The main reason buyers look at adjustable-rate mortgages is simple: lower initial costs.
Business Insider puts it this way:
“Because ARM rates are typically lower than fixed mortgage rates, they can help buyers find affordability when rates are high. With a lower ARM rate, you can get a smaller monthly payment or afford more house than you could with a fixed-rate loan.”
That upfront savings can matter, especially in a market where every dollar counts. Recent reporting from Mortgage News Daily and The Wall Street Journal show that ARM rates have been coming in lower than 30-year fixed mortgage rates.
For many buyers, even modest monthly savings can make a difference. For example, Redfin found that a typical buyer could save about $150 per month by choosing an ARM instead of a 30-year fixed mortgage. Savings like that can help some buyers qualify for a home sooner or make their monthly budget more manageable.
Why Adjustable-Rate Mortgages Are Making a Comeback
More homebuyers are deciding that a lower payment today is worth considering, even if it means taking on more uncertainty later.
Recent reports from the Mortgage Bankers Association (MBA) show that the share of buyers choosing ARMs has increased in recent years. That doesn’t mean ARMs are becoming the right fit for everyone. But, it shows that some buyers are using them as a strategy to deal with affordability challenges in the current market.
For anyone who remembers the 2008 housing crash, this trend may sound concerning at first. But today’s lending environment is very different.
In the past, some borrowers were approved for loans they couldn’t realistically afford once the interest rate adjusted. Today, lending standards are tighter, and lenders generally evaluate whether borrowers could still manage the payment if rates rise. So while ARMs are becoming more common again, that alone doesn’t point to another housing crisis.
The Pros and Risks of an ARM
An adjustable-rate mortgage can make sense in the right situation, but it depends on your financial plan and your comfort with risk.
An ARM may be worth considering if:
- You expect to move before the rate adjusts.
- You believe your income will increase over time.
- You need a lower initial payment to make homeownership possible now.
Still, there are trade-offs to consider.
Once the fixed-rate period ends, your interest rate can change, and your monthly payment could increase significantly depending on where mortgage rates are at that point. There’s also no guarantee rates will fall in the future, which means refinancing later may not be as easy or as beneficial as some buyers hope.
That’s why it’s important to think beyond the introductory rate. Make sure you understand how long the fixed period lasts, how often the rate can adjust, and how much your payment could increase over time. Most importantly, talk through your options with a trusted lender and financial advisor before making a decision.
Bottom Line: Is an ARM Right for You?
Adjustable-rate mortgages are regaining popularity because they can make buying a home more affordable in the short term. For some buyers, that lower upfront payment can be a helpful tool. But an ARM isn’t necessarily the right move for everyone.
The best decision comes down to understanding how the loan works, weighing the risks, and making sure it fits your long-term goals.
If you’re considering an adjustable-rate mortgage yourself but are still on the fence, reach out to us today. We can connect you with a qualified lender in your area who explore your options with you.
Should You Still Buy a Home Right Now? What Buyers Need To Know
Between nonstop economic headlines, global uncertainty, and ongoing concerns about affordability, it’s understandable to wonder whether now is still a smart time to buy a home.
The good news is this: current events may be influencing the housing market, but they have not taken homeownership off the table. For many buyers, the opportunity is still there. It just may require a more thoughtful strategy than it did a few months ago.
Mortgage Rates Have Risen Slightly. Here’s What’s Behind It
After trending downward for much of 2025, mortgage rates have climbed again over the past month. Experts point to a mix of global events and broader economic pressures as key reasons why.
As Mark Fleming, Chief Economist at First American explains:
“Mortgage rates have recently moved higher, driven by geopolitical uncertainty and rising energy costs that are contributing to inflation concerns.”
So what does that mean if you’re thinking about buying a home? Should you wait for conditions to settle before making a move?
Not necessarily.
Your Opportunity To Buy Hasn’t Disappeared
There’s no denying that buying felt a bit more affordable when mortgage rates were closer to 6%. Now that rates are hovering in the mid-6% range, monthly payments are naturally a little higher.
But it helps to take a step back and look at the bigger picture.
For example, if you’re financing a $500,000 home, a rate in the mid-6s could still mean a monthly payment that is roughly $300 lower than what buyers were facing early last year.
That means today’s higher rates have not erased all the progress we’ve seen. In fact, buying a home can still be more affordable than it was just a year ago.
Yes, your payment may have been lower a few weeks ago. But trying to perfectly time the market rarely works in your favor. Conditions can shift quickly, and hindsight always makes past decisions look easier.
Instead of waiting for the “perfect” moment, focus on making the best decision based on your goals, finances, and today’s market conditions.
Expect Mortgage Rate Volatility
One thing buyers should be prepared for is continued movement in mortgage rates.
Rates may keep rising or falling in the weeks and months ahead as new economic reports are released and world events continue to unfold. That kind of uncertainty can feel frustrating, but it’s also part of today’s market.
The truth is, you can’t control what happens with inflation, global events, or mortgage rates next week. What you can control is how prepared you are when the right opportunity comes along.
That preparation can make all the difference.
If You Need To Move, You Still Have Options
For many buyers, the decision to move is not just about market timing. Life keeps moving, even when the market feels unpredictable.
Maybe your family is growing. Maybe you’re relocating for work. Maybe your current home no longer fits your lifestyle or needs. Those reasons still matter, and they may be more important than waiting for rates to change.
Buyers who are moving forward right now are often doing so because their personal situation makes it the right time.
And the good news is there are still strategies that can help make a purchase more manageable.
For example, some buyers are exploring adjustable-rate mortgages (ARMs) to secure a lower initial rate. That approach is not right for everyone, but it’s one example of how flexibility and planning can create opportunities in today’s market.
A Smart Plan Starts With the Right Experts
In a market like this, having a plan matters more than ever.
Working with a trusted real estate agent and lender can help you:
- Understand what you can realistically afford at today’s rates
- Review financing options, including ARMs and buyer assistance programs
- Stay informed as market conditions shift
- Make confident decisions based on your goals, not just the headlines
The right professionals can help you look beyond the noise and focus on what makes sense for your specific situation.
Conclusion
Uncertainty in the market does not mean you’re out of options.
If you need or want to move, buying a home may still be the right decision. The key is to go in with a solid plan, the right support, and a clear understanding of your financing options.
Homeownership is still possible. You just need the right strategy for today’s market.
CENTURY 21 Affiliated Named #1 CENTURY 21® Franchise in the World for 12th Consecutive Year
MADISON, WI, April 8, 2026 – CENTURY 21 Affiliated has once again been named the #1 CENTURY 21® franchise in the world, marking an unprecedented 12th consecutive year in the top position. This continued achievement reinforces the company’s position as the most successful franchise in the history of the CENTURY 21® brand and underscores its sustained leadership in the real estate industry.
“This recognition is a direct reflection of the consistency, professionalism, and drive of our agents and staff,” said Dan Kruse, CEO & Owner of CENTURY 21 Affiliated. “Twelve consecutive years at #1 is not just a milestone, it is a responsibility. We remain focused on delivering exceptional experiences and creating meaningful opportunities for both our clients and our agents.”
Over the past year, CENTURY 21 Affiliated has continued to strengthen its national presence, driven by the organization’s ability to adapt, evolve, and lead through changing market conditions has been a defining factor in maintaining its top ranking.
“Our continued success comes down to our people,” said Jasen Schrock, President & Owner of CENTURY 21 Affiliated. “Our agents and leadership team are deeply committed to growth, collaboration, and delivering value at every level. This recognition reflects the culture we have built and the standards we hold ourselves to every day.”
CENTURY 21 Affiliated’s model prioritizes comprehensive white-glove support, forward-thinking technology, and a collaborative environment designed to help agents scale their business and better serve their clients.
“We are proud of what this milestone represents, but we are even more focused on what comes next,” said Sam Bell, President of Brokerage at CENTURY 21 Affiliated. “Twelve years at #1 reinforces our commitment to innovation, accountability, and continuous improvement. Our goal is to keep raising the bar for what agents can achieve within our organization.”
As CENTURY 21 Affiliated looks ahead, the company remains focused on expanding its impact, empowering agents, and sustaining its position as an industry leader.
About CENTURY 21 Affiliated
CENTURY 21 Affiliated is a member of multiple listing services in California, Illinois, Michigan, Minnesota, and Wisconsin, with over 1,400+ sales professionals and 65+ offices. CENTURY 21 Affiliated also specializes in worldwide relocation. At CENTURY 21 Affiliated, the customer comes first. The complete commitment to this philosophy has made CENTURY 21 Affiliated a powerful force in the real estate industry. CENTURY 21 Affiliated has been ranked the No. 1 CENTURY 21® franchise worldwide for twelve years in a row. Visit C21Affiliated.com to learn more.
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The Best Time To List Your House Is Almost Here
Spring is usually one of the strongest seasons to sell a home, but according to research from Realtor.com, one specific week tends to stand out year after year. And it’s almost here.
Based on historical housing market trends, the best week to list your house this year is April 12–18.
Here’s why that window can be especially favorable for sellers.
Buyers Are More Active
Realtor.com reports that homes listed during this week typically receive 16.7% more views than the average week. In a market where buyers have more choices, extra visibility can make a real difference.
More attention early on can help generate stronger interest, more showings, and a better overall start to your sale.
Homes Sell Faster
More buyer activity can also lead to a quicker sale. Realtor.com found that homes listed during this week spend 17% less time on the market than usual.
That matters, especially in a market where some homes are taking longer to sell than they did a year ago. A faster sale can mean less stress, fewer disruptions, and more momentum from the start.
Sellers May Get a Better Price
As inventory grows, buyers often feel more comfortable asking for repairs, concessions, or price reductions. But during this early spring window, Realtor.com says about 18.9% fewer homes need a price cut.
That gives sellers a stronger chance of listing confidently and holding closer to their asking price.
More Money in Your Pocket
According to the same study, a well-prepared home listed during this week can sell for about $5,300 more than the average week and about $26,000 more than homes listed at the beginning of the year.
For sellers, that’s a meaningful difference.
More views, less time on the market, and a better shot at top dollar all make this one of the most appealing times to list.
What You Should Do Now To Prepare
If you’re thinking about selling and want to take advantage of this timing, the next step is simple: connect with a local real estate agent.
A trusted local agent can help you decide how to prepare based on what is happening in your market. Real estate trends can vary by city, neighborhood, and even price point, so local insight matters.
Your agent can help you figure out:
- What updates are worth making before you list
- Which repairs should come first
- What buyers in your area care about most
- Which small improvements can have the biggest impact
For some sellers, getting ready may only take a couple of weekends. Fresh paint, basic landscaping, or a deep clean can go a long way.
For others, taking a few extra weeks to make light updates may be the smarter move. And that’s completely fine. While mid-April may offer an advantage, it is not the only good time to sell.
Spring Still Offers a Strong Opportunity
Zillow says May is also one of the best times to list a home. That means sellers still have a strong window of opportunity throughout the spring season.
So while April 12–18 may be a standout week, it’s not your only shot at a successful sale.
Conclusion
Listing your house in mid-April could help you attract more buyers, sell faster, and maximize your sale price. But the bigger opportunity is the spring market as a whole.
The real question is: what do you need to do now to get your home ready to list?
For anyone planning a spring move, now is the time to start preparing. The sooner you connect with a local agent, the sooner you can make a plan that fits your goals and your timeline.
Mortgage Rate Volatility: What You Can Control as a Buyer
Mortgage rates have been moving up and down lately, and that can make buying a home feel harder to plan for. When rates are unpredictable, many buyers wonder whether they should wait, move forward, or try to time the market.
Here’s the good news: while you can’t control where mortgage rates go next, you can control several factors that may help you secure a better rate. The first step is understanding what’s driving today’s market and knowing where to focus your time and effort.
Mortgage Rate Volatility Is Normal
Recent data from Freddie Mac show that mortgage rates have been fluctuating. After trending downward for well over a year, rates ticked up again this month.
That kind of movement can feel frustrating, especially when you’re doing your best to budget for a home purchase. But occasional increases and decreases are a normal part of the mortgage market. Even over the past year, there have been periods when rates jumped before settling back down.
This is another one of those moments, and it helps to keep that in mind.
When there’s economic uncertainty or major global events unfolding, mortgage rates often respond quickly. As Investopedia explains:
“Mortgage rates don’t move in isolation. When global events inject uncertainty into financial markets . . . that can ripple through to borrowing . . . mortgage costs can respond quickly to geopolitical developments. As long as uncertainty remains elevated, rate swings may continue.”
That’s exactly why trying to predict the perfect time to buy usually doesn’t pay off. Rates can change fast, and waiting for the market to cooperate may not give you the outcome you want.
Focus on What You Can Control
You may not be able to influence the market, but you can take steps put yourself in a better position as a buyer. If your goal is to get the best mortgage rate possible, these are the areas that matter most.
Your Credit Score
Your credit score is one of the biggest factors that affects the rate you qualify for. In many cases, even a modest improvement in your score can lead to better loan terms and a lower monthly payment.
As Bankrate explains:
“Your credit score is one of the most important factors lenders consider when you apply for a mortgage. Not just to qualify for the loan itself, but for the conditions: Typically, the higher your score, the lower the interest rates and better terms you’ll qualify for.”
That’s why it’s worth taking steps to strengthen your credit before applying for a mortgage. Paying bills on time, reducing outstanding debt, and avoiding new credit inquiries can all help. If you’re not sure where your score stands or what improvements would make the biggest difference, a trusted loan officer can help you create a plan.
Your Loan Type
The type of mortgage you choose also affects your rate. There are many different types of loans, and each comes with different eligibility requirements, benefits, and pricing.
The Consumer Financial Protection Bureau (CFPB) explains:
“There are several broad categories of mortgage loans, such as conventional, FHA, USDA, and VA loans. Lenders decide which products to offer, and loan types have different eligibility requirements. Rates can be significantly different depending on what loan type you choose.”
This is why exploring your mortgage options is so important. A conventional loan may be the right fit for one buyer, while an FHA, USDA, or VA loan may offer better advantages for another. Comparing programs and speaking with more than one lender can help you understand which path makes the most sense for your financial situation.
Your Loan Term
The length of your loan term matters, too. Most lenders offer 15-year, 20-year, and 30-year mortgage options, and the term you choose can affect both your interest rate and your monthly payment.
Freddie Mac explains it this way:
“When choosing the right home loan for you, it’s important to consider the loan term, which is the length of time it will take you to repay your loan before you fully own your home. Your loan term will affect your interest rate, monthly payment, and the total amount of interest you will pay over the life of the loan.”
A shorter loan term may come with a lower interest rate, but the monthly payment is often higher. A longer term may give you more flexibility in your monthly budget, even if you pay more interest over time. The right choice depends on your goals, your budget, and how long you plan to stay in the home.
Conclusion
If you’re in the market for a home right now, the best strategy is not to focus on trying to predict where mortgage rates will go next.
Instead, focus on what you can control. Improve your credit score, explore different loan types, and choose a loan term that fits your needs. Most importantly, work with a trusted lender who can guide you through your options. If you need help connecting with trustworthy lender, reach out to us today.
Mortgage rates may be out of your hands, but the steps you take to prepare are not. And when you focus on what you can change, you give yourself a much better chance to move forward with confidence.
3 Key Steps for First-Time Home Buyers
Buying your first home is exciting, but it can feel a bit overwhelming. When you’ve never gone through the buying process before, it’s easy to wonder where to start and what to do first.
The good news is that you don’t need to figure out everything out on your own, or all at once. The best approach is to take it all step by step.
If you’re getting ready to buy your first home, here are the three most important steps to focus on first.
1. Build Your Team: Don’t Do It Alone
Buying a home is not a solo project. Having the right professionals on your side can make the entire experience smoother, less stressful, and more successful.
Here are two key people every first-time home buyer should have in place early:
A local real estate agent
A knowledgeable local agent will guide you from your first showing all the way to closing day. They can help you understand the market, explain each step of the process, and make sure you feel confident in the decisions you make.
A trusted lender
A lender will help you explore your mortgage options, estimate your monthly payment, and understand what price range makes sense for your budget. Having that info early helps you shop smarter and avoid unwanted surprises later.
When you have the right team in place, you can find your new home with more clarity and confidence.
2. Prep Your Finances: Build a Strong Foundation
It goes without saying that your finances play a major role in the homebuying process. They affect what you can afford, how competitive your offer may be, and how comfortable you’ll feel once you own the home.
Here are the main financial steps first-time home buyers should take:
Check your credit score
Your credit score can affect the loan programs available to you and the mortgage rate you receive. Checking it early gives you time to improve it if needed.
Save for your down payment and closing costs
Many buyers focus only on the down payment, but closing costs are also an important part of the equation. Saving for both can help reduce last-minute stress.
Research first-time buyer assistance programs
There are programs designed to help first-time home buyers with upfront costs. Depending on where you live and your financial situation, you may qualify for assistance that helps you buy sooner than expected.
Talk to a lender about your mortgage options
Fixed-rate, adjustable-rate, FHA, VA, and conventional loans all work differently. Understanding the pros and cons of each option can help you choose the loan that best fits your needs.
Get pre-approved
A mortgage pre-approval gives you a clearer picture of how much a lender may be willing to lend you. It also helps you set a realistic price range and shows sellers you’re serious when it’s time to make an offer.
Set a realistic monthly budget
Your mortgage payment is only part of the cost of homeownership. You also need to account for utilities, home insurance, maintenance, and everyday living expenses. Setting a realistic budget helps ensure your home feels affordable, not overwhelming.
Being confident in your finances before you start house hunting can help you feel more prepared and better positioned in a competitive market.
3. Gather Your Documents: Save Time and Reduce Stress
Once you’re ready to move forward, your lender will need to verify your income, assets, and financial history. Gathering your documents ahead of time can help speed up the loan process and avoid unnecessary back-and-forth.
Here are some of the most common documents lenders may ask for:
W-2s and tax returns from the past two years
These help verify your income history and show consistency over time.
Recent pay stubs, usually from the last one to two months
These confirm your current income and employment.
Bank statements from the past two to three months
These show your available funds, spending patterns, and where your down payment money is coming from.
Investment account statements from the past two to three months
If investments are part of your financial picture, your lender may want to review them as well.
A copy of your driver’s license
This is used to verify your identity during the loan process.
Your residential history for the past two years
Lenders may request this to confirm your housing background and stability.
Statements for outstanding debts from the past two months
This may include student loans, car loans, and credit cards. These debts help lenders calculate your debt-to-income ratio.
Proof of supplemental income
If you receive bonuses, commissions, freelance income, or child support, you may need documentation to show that income can be counted.
Keep in mind that document requirements and timelines can vary by lender. Still, having these items ready is a smart way to stay organized and avoid potential hiccups.
Conclusion
Buying your first home doesn’t mean you need to have every detail figured out from day one. It just means starting your journey with a plan.
When you gather the right people, prepare your finances, and organize your documentation early, you give yourself a much better chance to buy with confidence.
If you want help understanding any part of the process or are ready to take the first step to homeownership, connect with a trusted real estate agent.
Home Affordability Improved in All 50 States: What Buyers Need To Know
For the past few years, affordability has been one of the biggest reasons buyers have put their home search on hold. Maybe you did the same.
At some point, you may have looked at the numbers, saw what a monthly mortgage payment would be, and decided to wait for the market to become more manageable. But there’s encouraging news you may have missed.
Over the past year, housing affordability has improved in all 50 states. Yes, every single one.
That’s according to new research from First American. And while buying a home is still more expensive than what’s historically normal, the affordability pressure many buyers have felt over the last several years is finally starting to ease.
Some Markets Are Seeing Bigger Improvements
One of the most important things to understand is this isn’t limited to one part of the country or just a few select markets. Affordability is improving almost all over the country.
Of course, real estate is always local. Conditions can vary a lot from one state, city, or neighborhood to the next. But overall, the market is becoming more favorable for buyers. In fact, affordability has improved in 48 of the top 50 metros over the past year.
That same research also highlights the top 10 cities seeing the biggest gains in affordability:
Top 10 Cities Where Home Affordability Has Improved the Most
- Miami, FL
- Atlanta, GA
- Seattle, WA
- Denver, CO
- Pittsburgh, PA
- Tampa, FL
- Salt Lake City, UT
- Riverside, CA
- Raleigh, NC
- Las Vegas, NV
If you’re wondering why some markets are improving faster than others, a lot of it comes down to home inventory.
When there are more homes for sale, the market becomes more balanced. This can help improve affordability by giving buyers more negotiating power. With more options available, buyers may have a better chance of finding a home that fits their budget, and they may also be in a stronger position to ask for seller concessions, price reductions, or closing cost assistance.
That can make a bigger difference than many people expect.
What Does This Mean for Buyers?
Home affordability challenges haven’t disappeared altogether, obviously. Buying a home is still a major financial decision, and housing prices remain high in many markets. But the overall nationwide trend is moving in a direction that gives buyers more opportunity than they’ve had in recent years.
As Chen Zhao, Head of Economic Research at Redfin, explains:
“The housing affordability crisis is showing signs of easing. . . opening the door for more Americans to make the jump to homeownership.”
Conclusion
If you’ve been waiting on the sidelines for affordability to improve, this may be the sign you’ve been hoping for. To find out what’s happening in your local market and how much buying power you may have today, connect with a trusted local real estate agent.
Why Spring Gives Home Sellers an Advantage
Homeowners planning to sell usually want the same three things: more buyer interest, stronger offers, and a faster sale. And it’s no secret that spring is the season that most often delivers on all three.
If selling your home has been on your mind this year, this may be the right time to make your move. Spring consistently brings more energy to the housing market, and that momentum can work in your favor. Here’s why this season is often such a strong opportunity for sellers.
1. More Buyers Are Actively Looking
Spring is traditionally one of the busiest times of year for the housing market. Historically, buyer activity tends to rise as the season begins, and data from ShowingTime has consistently shown that buyer traffic peaks during the spring months each year (see graph below).
This year, there’s another factor helping sellers: mortgage rates are hovering near three-year lows. That combination of seasonal demand and improved affordability could be the spark that gets buyers back into the market.
More buyers and better affordability often mean more attention on your home.
That doesn’t mean the market is going back to the kind of buying craze we saw during the pandemic. But it does suggest that more buyers may be ready to make a move. As Redfin says:
“Homebuying demand is improving . . . and mortgage-purchase applications are sitting near their highest level in three years. . .”
For sellers, that creates more opportunity. Listing your house while buyer demand is picking up can help you take full advantage of the seasonal uptick in activity.
2. You Could Receive More Offers
When more buyers are searching, sellers often enjoy increased competition, and in many cases, that leads to more offers.
Data from the National Association of Realtors (NAR) over the past three years shows a clear pattern: sellers tend to receive more offers during the spring months than at other times of the year (see graph below).
That doesn’t mean every home will spark a bidding war; the market is more balanced now than it was in 2020 and 2021. Even so, seasonality still matters, and spring can offer a more favorable market environment for sellers.
As Realtor.com explains:
“Spring typically brings out more buyers who are ready to make a move before summer. Listings see more views, showings, and offers during this season.”
More views and more showings can lead to stronger offer activity, which may put you in a better position when it comes time to negotiate.
3. Homes Often Sell Faster in Spring
Another trend that shows up year after year is speed. Homes generally sell faster in the spring.
According to research from Realtor.com, homes sell about 20 days faster in spring than they do in winter on average (see graph below). That’s nearly three weeks less time on the market.
For many sellers, that matters just as much as price. A faster sale can reduce the stress of the process, limit disruptions to your daily life, and help you move on to your next home or next chapter sooner.
And since homes have been taking a little longer to sell in recent months, listing during one of the most active parts of the year may help improve your timeline. If your goal is to sell efficiently, the spring market can give you a critical edge.
Why Timing Still Matters
Spring doesn’t automatically guarantee a fast or profitable sale. Pricing, presentation, marketing, and local market conditions still play a major role. But this season does tend to create stronger momentum than other times of year.
When you combine that momentum with more active buyers and better affordability, the spring market can offer a real advantage.
If you need more space, want to downsize, or are simply ready for a change, this spring season may be your best chance to make a decisive move.
Conclusion
Spring can give sellers something incredibly valuable: opportunity.
More buyers. More activity. More potential offers. And often, a faster sale.
If you’re already thinking about selling this year, it makes sense to consider listing when market conditions are typically most favorable. Talk with a local real estate agent about what this spring could mean for your home, your timing, and your next move.
