No matter how the housing market changes, there are some things about owning a home that never change—like the personal benefits it can provide. When you own your home, you likely feel a sense of attachment because of the comfort it gives and also because it’s a space that’s truly yours.
Before you buy a home, it’s important to plan ahead. While most buyers consider how much they need to save for a down payment, many are surprised by the closing costs they have to pay. To ensure you aren’t caught off guard when it’s time to close on your home, you need to understand what closing costs are and how much you should budget for.
![How To Win as a Buyer in Today’s Housing Market [INFOGRAPHIC] Simplifying The Market](https://files.simplifyingthemarket.com/wp-content/uploads/2023/02/09132525/How-To-Win-As-A-Buyer-In-Todays-Housing-Market-KCM-Share.png)
67% of Americans say a housing market crash is imminent in the next three years. With all the talk in the media lately about shifts in the housing market, it makes sense why so many people feel this way. But there’s good news. Current data shows today’s market is nothing like it was before the housing crash in 2008.
As we celebrate Black History Month, we reflect on the past and present experiences of Black Americans. This includes the path toward investing in a home of their own. And while equitable access to housing has come a long way, homeownership can be a steeper climb for households of color. It’s an important experience to talk about, along with how it can make all the difference for diverse homebuyers to work with the right real estate experts.
![You May Not Need as Much as You Think for Your Down Payment [INFOGRAPHIC] Simplifying The Market](https://files.keepingcurrentmatters.com/wp-content/uploads/2023/02/01165833/You-May-Not-Need-As-Much-As-You-Think-For-Your-Down-Payment-KCM-Share.png)
The housing market has gone through a lot of change recently, and much of that was a result of how quickly mortgage rates rose last year.
![Homeownership Builds Your Wealth over Time [INFOGRAPHIC] Simplifying The Market](https://files.keepingcurrentmatters.com/wp-content/uploads/2023/01/26131727/Homeownership-Builds-Your-Wealth-In-The-Over-Time-KCM-Share.png)
Spring 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 buy a home, here’s why it makes sense to move before the spring market picks up.
If 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 crisis is not where the market is headed, and understanding what that really means is mission critical if you want to know the truth about what’s happening today. Here’s a deeper look.