GREENWAY BLOG

29 May 2025

Is Townhouse Living Right for You? Here’s Why It Might Be the Perfect Fit—Especially Now

  Buying your first home in today’s market can feel challenging. Between rising home prices and higher mortgage rates, affordability is top of mind for many buyers. That’s why more and more people are rethinking what homeownership can look like—and townhomes are quickly becoming a popular alternative. If you’ve never considered living in a townhouse, you may be surprised by how well it fits your lifestyle and budget. Let’s break down what townhomes are, why they’re gaining popularity, and the key pros and cons to help you decide if this type of home could be right for you. What Exactly Is a Townhouse? A townhouse is an...

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23 May 2025

MarketMinute | Who's driving the first-time buyer market?

This week's Fed speakers reaffirmed the Board's commitment to a wait-and-see approach to rate changes due to economic uncertainty. New jobless claims were slightly better than expected, while continuing claims rose by 36K. New jobs may be hard to find despite a stable market. In an Achieve survey, 32% of households reported financial gains and 33% declines last year, though 57% had expected growth and 10% worsening.   April’s single-family housing starts were 1.6% higher than in March....

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16 May 2025

MarketMinute | Who's thinking of selling and why?

Inflation cooled to 2.3% in April, its lowest in 4 years. Falling prices for groceries, cars, and flights offset tariff pressures. Producer prices fell in April by the most in 5 years, as companies absorbed tariff costs instead of passing them on to consumers. Retail sales rose just 0.1% in April after a March surge. Consumers pulled back amid tariff uncertainty and growing economic pessimism.   ICE’s 2025 Borrower Insight Survey found Younger Gen Z (42%) and Millennial (27%) owners are more...

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12 May 2025

Fixed Rate Mortgage vs Adjustable-Rate Mortgage (ARM): What’s the Difference and Which Should You Choose?

  Fixed Rate Mortgage vs Adjustable-Rate Mortgage:  What’s the Difference and Which Should You Choose? When it comes to financing a home, one of the most important decisions you’ll make is choosing between a Fixed Rate Mortgage and an Adjustable Rate Mortgage (ARM). Both loan types come with unique benefits, and the right choice depends on your goals, financial situation, and how long you plan to stay in your home. Let’s break down the key differences and help you figure out which might be the better fit. What is a Fixed Rate Mortgage? A Fixed Rate Mortgage is exactly what it sounds like: a loan with an interest rate...

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9 May 2025

MarketMinute | First-time buyers are leading the purchase market

The Fed held its policy rate steady at its May meeting, warning of growing inflation and unemployment risks amid trade policy uncertainty. Unemployment claims fell last week. After spiking briefly at the end of April, current levels again signal a stable labor market. April's ISM data was mixed. Manufacturing activity contracted for a 2nd straight month, while the services sector grew modestly.   Buyers returned to the spring market despite economic jitters. Purchase mortgage apps rose 11% for the...

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