NextHome Heritage

https://s.paragonrels.com/goto/Gc4a9yuvJRF

View Property Details Gorgeous 4 bedroom (master Bdr main level), 3 baths located in the wonderful community of Riverwoods. Home features: Hardwoods, carpet, tile floors, crown molding & recess lighting. A spacious great room with a brick fireplace. A beautiful kitchen with a breakfast bar, stone countertops, horizontal....

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https://nexthomeheritage.com

The housing market is at a turning point. That may leave you wondering: is it still a good time to buy a home? Should I make a move this year? Let's turn to the experts for projections on what the second half of the year holds for residential real estate.

>>Where Mortgage Rates Will Go Depends on Inflation
If inflation continues to rise, it’s likely that mortgage rates will respond.

When rates rise, they impact affordability and your purchasing power. That’s why it’s crucial to work with a team of professionals, so you have expert advice to help you make an informed decision about your best move.

>>The Supply of Homes for Sale Projected To Continue Increasing
Recently, realtor.com updated their 2022 inventory forecast. They increased their projections for inventory gains dramatically, going from a...

Sean Tinney
Broker/Owner
205.225.9450
www.nexthomeheritage.com

Expert Housing Market Forecasts for the Second Half of the Year The housing market is at a turning point, and if you’re thinking of buying or selling a home, that may leave you wondering: is it still a good time to buy a home? Should I make a move this year? To help answer those questions, let’s turn to the experts for projections on what the second half of ...

Over the past few weeks, the average 30-year fixed mortgage rate from Freddie Mac fell by half a percent. The drop happened over concerns about a potential recession. And since mortgage rates have risen dramatically this year, homebuyers across the country should see this decline as welcome news.

Freddie Mac reports that the average 30-year rate was down to 5.30% from 5.81% two weeks prior. But why is this recent dip such good news for homebuyers? As Nadia Evangelou at NAR explains, “According to Freddie Mac, the 30-year fixed mortgage rate dropped sharply by 40 basis points to 5.3 percent. . . . As a result, home buying is about 5 percent more affordable than a week ago. This translates to about $100 less every month on a mortgage payment.”

That’s because when rates go up (as they have for the...

Sean Tinney
Broker/Owner
205.225.9450
www.nexthomeheritage.com

The Drop in Mortgage Rates Brings Good News for Homebuyers Over the past few weeks, the average 30-year fixed mortgage rate from Freddie Mac fell by half a percent. The drop happened over concerns about a potential recession. And since mortgage rates have risen dramatically this year, homebuyers across the country should see this decline as welcome news.

According to a recent survey, more and more Americans are concerned about a possible recession. Those concerns were validated when the Federal Reserve met and confirmed they were strongly committed to bringing down inflation. And, in order to do so, they’d use their tools and influence to slow down the economy.

All of this brings up many fears and questions around how it might affect our lives, our jobs, and business overall. And one concern many Americans have is: how will this affect the housing market? We know how economic slowdowns have impacted home prices in the past, but how could this next slowdown affect real estate and the cost of financing a home?

According to Mortgage Specialists, “Throughout history, during a recessionary period, interest rates go up at the beginning of the recession. But in...

Sean Tinney
Broker/Owner
205.225.9450
www.nexthomeheritage.com

What Does an Economic Slowdown Mean for the Housing Market? According to a recent survey, more and more Americans are concerned about a possible recession. Those concerns were validated when the Federal Reserve met and confirmed they were strongly committed to bringing down inflation. And, in order to do so, they’d use their tools and influence to slow dow...

Let’s start by establishing how you build equity in your home. While price appreciation is clearly a factor that can help boost your equity, you also build equity over time as you pay down your home loan. NAR explains, “Home equity gains are built up through price appreciation and by paying off the mortgage through principal payments.”

Record levels of home price appreciation have spurred significant equity gains for homeowners over the past few years. As Diana Olick, Real Estate Correspondent at CNBC, says, “The stunning jump in home values over the course of the Covid-19 pandemic has given U.S. homeowners record amounts of housing wealth.”

If you want to find out how much equity you have, partner with a trusted real estate professional for an equity assessment on your home. They can provide an...

Sean Tinney
Broker/Owner
205.225.9450
www.nexthomeheritage.com

How Your Equity Can Grow over Time It’s true that record levels of home price appreciation have spurred significant equity gains for homeowners over the past few years. As Diana Olick, Real Estate Correspondent at CNBC, says:

Defining the American dream is personal, and no one individual will have the same definition as another. But the feelings it brings about – success, freedom, and a sense of prosperity – are universal. That’s why, for many people, homeownership remains a key part of the American dream. Your home is your stake in the community, a strong financial investment, and an achievement to be proud of.

A recent survey from Bankrate asked respondents to rank achievements as indicators of financial success, and the responses prove that owning a home is still important to so many Americans today, ranking above other significant milestones, including retirement, having a successful career, and earning a college degree.

That could be because owning a home is a significant wealth-building tool and provides meaningful...

Sean Tinney
Broker/Owner
205.225.9450
www.nexthomeheritage.com

Is Homeownership Still the American Dream? Defining the American dream is personal, and no one individual will have the same definition as another. But the feelings it brings about – success, freedom, and a sense of prosperity – are universal. That’s why, for many people, homeownership remains a key part of the American dream. Your hom...

Wishing you a happy Independence Day.

Sean Tinney
Broker/Owner
205.225.9450
www.nexthomeheritage.com

Happy Independence Day

Happy 4th of July! 🇺🇸

Home of the brave since 1776 🙌🏼🇺🇸 Happy 4th of July!

Based on a recent Gallup poll, real estate has been rated the best long-term investment for nine years in a row. Owning real estate is more than just a place to call home. It’s also an investment in your future. That’s because it’s typically a stable and secure asset that can grow in value over time. If you’re ready to buy a home and invest in your future, let’s connect.

Sean Tinney
Broker/Owner
205.225.9450
www.nexthomeheritage.com

Real Estate Consistently Voted Best Investment Some Highlights Based on a recent Gallup poll, real estate has been rated the best long-term investment for nine years in a row. Owning real estate is more than just a place to call home. It’s also an investment in your future. That’s because it’s typically a stable and secure asset that can g...

There are several misconceptions about down payment assistance programs. For starters, many people believe there’s only assistance available for first-time homebuyers. While first-time buyers have many options to explore, repeat buyers have some, too. According to the latest Homeownership Program Index from downpaymentresource.com, “It is a common misconception that homebuyer assistance is only available to first-time homebuyers, however, 38% of homebuyer assistance programs in Q1 2022 did not have a first-time homebuyer requirement.”

That means repeat buyers could qualify for over one-third of the assistance programs available. And if you’re a repeat buyer, you may still be able to take advantage of some first-time homebuyer programs, depending on your personal situation. That means no matter where...

Sean Tinney
Broker/Owner
205.225.9450
www.nexthomeheritage.com

Homeownership Could Be in Reach with Down Payment Assistance Programs A recent survey from Bankrate asks prospective buyers to identify the biggest obstacles in their homebuying journey. It found that 36% of those polled said saving for a down payment is one of their primary hurdles to buying a home.

As you may have already heard, the number of homes for sale has increased this year, and even more so this spring. Mark Fleming at First American says inventory growth is happening not just because there’s as increase in the number of listings coming onto the market, but also because buyer demand has moderated some in light of higher mortgage rates and other economic factors. “There has been a pickup in the inventory that we've seen recently, but it's not from a big increase in new listings . . . but rather a slowdown in the pace of sales. And remember that months’ supply measures the inventory of sale relative to the pace of sales. Same inventory, fewer sales, means more months’ supply.”

The combination of more homes coming onto the market and a slower pace of home sales means you’ll have more...

Sean Tinney
Broker/Owner
205.225.9450
www.nexthomeheritage.com

A Key Opportunity for Homebuyers There’s no denying the housing market has delivered a fair share of challenges to homebuyers over the past two years. Two of the biggest hurdles homebuyers faced during the pandemic were the limited number of homes for sale and the intensity and frequency of bidding wars. But those two things have...

A home is lot of things – it’s a roof over your head, a place to call your own, and it’s typically a strong financial investment. That’s why homeownership still ranks as the top accomplishment Americans feel proud of. DM me so you have an expert guide to help you accomplish your dream of .

Sean Tinney
Broker/Owner
205.225.9450
www.nexthomeheritage.com

When it comes to pricing your house, there’s a lot to consider. The only way to ensure you price it right is by partnering with a local real estate professional. To find the best price, your agent balances current market demand, the values of homes in your neighborhood, where prices are headed, and your home’s condition. Don’t pick just any price for your house. If you’re ready to sell, DM me to find the perfect price for your house.

Sean Tinney
Broker/Owner
205.225.9450
www.nexthomeheritage.com

Why an Agent Is Essential When Pricing Your House Some Highlights When it comes to pricing your house, there’s a lot to consider. The only way to ensure you price it right is by partnering with a local real estate professional. To find the best price, your agent balances current market demand, the values of homes in your neighborhood, where price...

Here are a few things you may not realize you need to avoid after applying for your home loan.

>>Don’t Deposit Large Sums of Cash
Lenders need to source your money, and cash isn’t easily traceable.

>>Don’t Make Any Large Purchases
It’s not just home-related purchases that could disqualify you from your loan. Any large purchases can be red flags for lenders.

>>Don’t Co-Sign Loans for Anyone
When you co-sign for a loan, you’re making yourself accountable for that loan’s success and repayment. With that obligation comes higher debt-to-income ratios as well.

>>Don’t Switch Bank Accounts
Lenders need to source and track your assets.

>>Don’t Apply for New Credit
When you have your credit report run by organizations in multiple financial channels (mortgage, credit card, auto, etc.), it will...

Sean Tinney
Broker/Owner
205.225.9450
www.nexthomeheritage.com

Things To Avoid After Applying for a Home Loan Once you’ve applied for a mortgage to buy a home, there are some key things to keep in mind. While it’s exciting to start thinking about moving in and decorating, be careful when it comes to making any big purchases. Here are a few things you may not realize you need to avoid after applying for ...

If you own a home, your net worth likely just got a big boost thanks to rising home equity. Equity is the current value of your home minus what you owe on the loan. And today, based on recent home price appreciation, you’re building that equity far faster than you may expect – here’s how it works.

Because there’s an ongoing imbalance between the number of homes available for sale and the number of buyers looking to make a purchase, home prices are on the rise. That means your home is worth more in today’s market because it’s in high demand.

Basically, because your home value has likely climbed so much, your equity has increased too. According to the latest Homeowner Equity Insights from CoreLogic, the average homeowner’s equity has grown by $64,000 over the last 12 months.

In addition to...

Sean Tinney
Broker/Owner
205.225.9450
www.nexthomeheritage.com

The Average Homeowner Gained $64K in Equity over the Past Year If you own a home, your net worth likely just got a big boost thanks to rising home equity. Equity is the current value of your home minus what you owe on the loan. And today, based on recent home price appreciation, you’re building that equity far faster than you may expect – here’s how it wo...

As we celebrate Juneteenth, let’s reflect on the work that still needs to be done so there's equitable access to housing for all.

Sean Tinney
Broker/Owner
205.225.9450
www.nexthomeheritage.com

Happy Father’s Day to all the dads out there!

Not all heroes wear capes 💪🏼 Wishing all the dads a very Happy Father's Day 🧡