If you’re in the market to buy a home in the coming months, you may already have discovered that the competition is tight and the inventory is low in many areas of the country. 

This housing shortage is the result of a few key factors according to Gay Cororaton, senior economist and the director of housing and commercial research at the National Association of Realtors (NAR). 

With less than a 2-month supply of homes for sale on the market, the inventory in January 2021 fell nearly 26 percent compared with January 2020, NAR reports.

“All in all we’re short now about 3 million homes,” Cororaton said. “That’s a lot of homes to catch up on.”



However, there are several things you can do to increase your opportunities, even in this current market. It all comes down to being prepared. 

  1. Get pre-approved before you shop for a home
  • Working with your lender at Greenway Mortgage before you go shopping can save you time, heart-ache and head-ache.
  • When a home is still occupied by the sellers, they sometimes only allow showings from pre-approved buyers to minimize traffic. Sellers can be assured that only serious buyers who are ready to make an offer come and view their home.
  • A pre-approval gives confidence to the real estate agent(s) you are working with so that they can show you homes in the right price range.
  1. Buy a fixer-upper
  • With a market that has low inventory, sometimes getting a fixer-upper can be a great move to make, and to sweeten the deal you get to put your own touches into it.
  • Learn more about Renovation Loans here
  1. Work with a licensed real-estate agent
  • If you’re looking to buy your dream home in a market with low inventory it’s important to have a licensed real estate agent by your side to guide you through the process
  1. Be ready to move
  • Real estate markets with low inventory can turn over quick! Most buyers and sellers have contingencies on other contracts that restrict the amount of time before they can close. 
  • The average contract length is shorter and requires you as a buyer, to be ready to move quickly. 
  • Start packing and researching your moving options early in the process, so the moving process is as seamless as possible once you’re under contract.
  1. Avoid shopping at the top of our budget
    • In low inventory markets, houses tend to sell over asking price due to competition amongst buyers. Therefore, it is wise to stay away from homes that are at the absolute top of your price range.

It may seem daunting, but by following these tips to be prepared you will position yourself to navigate the home buying market with confidence and peace of mind. 

If you’re looking for more guidance as you start your home search, head over here to read 5 Tips For Starting Your Home Search, reach out to us by clicking here or give us a call at: 888-616-9885. 


Whether it’s a quick refresh or getting your house ready to be listed for sale, making changes doesn't have to be a big project, sometimes simple updates can go a long way. 

Here are 5 ways you can add curb appeal to your home without breaking the bank. 

1.     Front Door Refresh

2.     Planting a tree or adding flower boxes 

3.     Add potted plants for symmetry 

4.     Upgrade your mailbox

5.     Adding furniture


Curb Appeal Door

#1 | Brighten up the outside of your home by adding some color to your door. This simple trick helps draw people in and creates that “standout” factor. Not only will this be inviting for guests but can also help them easily find you and they will instantly feel welcomed. 


#2 | We all know a house or two in our neighborhood that makes us stop and stare because of how beautiful their tree or flower boxes look from afar. What if that house was yours? Nothing ties in the outside of a home better than an arrangement of tree or a couple of flower boxes. 


curb appear flower boxes

#3 | If trees and flower boxes are too big of a change, perhaps adding potted plants on either side of your door can help do the trick. This creates symmetry between the two sides and the illusion of formality and a wider entryway. 


#4 | When it comes to creating curb appeal, the last thing on your mind might be upgrading your mailbox, but this is a simple yet effective way to do just that. Adding a little character and charm can be as simple as changing out that old mailbox for a new one. 

Curb Appeal Furniture

#5 | Adding furniture is another great way to create curb appeal. Not only does this make the front of your home look amazing, but on those warm days, you can take refuge right in front of your home. 


Any or all of these additions can make for a fun project that will add value and create a home you're proud of.




June is National Homeownership Month and Greenway Mortgage is celebrating all month long.

For many generations, owning a home has been a source of pride and security.  In fact, it has always been considered a major part of the American Dream. From rural counties to bustling cities, owning a home offers an opportunity to lay down roots, start a family and embark on new beginnings.  And now, more than ever, our homes have become an integral part of our lives. With millions of people stuck in their homes this past year, the pandemic has definitely changed the meaning and the experience of “home”. They’re much more than the houses we live in. They’re our workplaces, virtual schools, and safe havens that have provided shelter, stability, and protection. 

Even with a new perspective on homeownership, the benefits that it brings to families, neighborhoods, and communities across America have not. 

How It All Started

National Homeownership Month started as a week-long celebration of homeownership during the Clinton administration in 1995. In 2002, President George W. Bush proclaimed June as the National Homeownership Month. Today, the mortgage industry continues the message of helping people realize the dream of responsible homeownership.

Non-Financial Benefits

Owning a home brings families a sense of happiness, satisfaction, and pride.

  • Pride of Ownership: A place to call your own. You’ll be able to customize it according to your likes and personality without anyone telling you how.
  • Civic Participation: Homeownership creates stability, a sense of community, and increases civic engagement.
  • Provides Stability and creates a positive environment for families.

Financial Benefits

Buying a home is also an investment in your family’s financial future.

  • Forced Savings: Your monthly mortgage payment is a form of ‘forced savings’ building your net worth with every payment!
  • Home Equity: Homeownership builds equity every month. You can use that equity to start a business, pay off debt, send your kids to college and so much more.
  • Appreciation: Home prices increase annually which helps to create a safety net.
  • Net worth: A homeowners’ net worth is 44x greater than renters! This gives you the financial freedom to invest.
  • Stability: Rent prices may increase each year. However, a fixed mortgage payment allows you to save for future projects and guard against inflation.
  • Tax Benefits: Speak with your CPA to discuss the possible tax benefits homeownership can bring you.


Economic Benefits

Homeownership is even a local economic driver.

  • Housing-Related Spending: House-related expenses account for more than one-sixth of the country’s economic activity over the past three decades.
  • GDP Growth: Homeownership drives GDP growth as the country aims to make an economic rebound.
  • Entrepreneurship: Since homeownership is a form of ‘forced savings’, it helps to provide entrepreneurial opportunities as well for those who want to start or expand a business. In turn, this generates new jobs.

Bottom Line

Homeownership is and will always be part of the American Dream. There are many financial and non-financial benefits to take advantage of when owning a home.

Greenway Mortgage is proud to be a part of the industry that makes homeownership a reality for so many Americans! If owning a home is part of your dream, reach out to us to get your journey started.


To encourage and educate aspiring home buyers, Greenway offers free information and resources. You can visit us online to learn more.



With so few houses for sale today, you may be wondering what you can do to beat out the competition? Being prepared when you’re ready to buy a home is very important.

Here are some things to keep in mind:

  1. Meet with your Greenway Mortgage Loan Officer early. Getting an upfront loan approval will help you beat out the competition, negotiate with power and let you know how much you can afford.
  2. Know your must-haves and nice-to-haves. For instance: what home features are you looking for, what kind of neighborhood do you prefer and when do you plan to move? Stay organized during your home search by downloading our Home Comparison Chart. It will help you to evaluate the features of up to three homes in a side-by-side comparison, making it easier for you to decide on your dream home.
  3. Be prepared for a bidding war. The average number of offers a house receives today is 3.7. That’s why it is so important to understand the process and be clear on what you can spend. Click here to learn how you can prepare yourself for a bidding war. And find out how you can write an award-winning real estate offer letter here, too!
  4. Don’t let your emotions get the best of you. Trust your real estate agent to be a voice of reason!


In today’s competitive market, it’s extremely important to get expert guidance to help you navigate through today’s lightning-fast housing market.

Make sure to connect with your Greenway Loan Officer to get pre-approved first! We’re here when you’re ready to take the next step.



Spring is usually the busiest time of year for the housing market. This past year, it stayed busy right through the winter. After all, it’s hard to resist the lure of home offices, open spaces and big kitchens when you’re spending so much time at home.

If you've put a move on hold because you've heard it's competitive out there, here's why it's still a good time to get started:

Rates typically rise with the economy.

‚ÄčWhile commerce is just starting to rev up, interest rates are still near historically low levels.

"As both home-price growth and mortgage rates continue this upward trend, we may see affordability challenges become more severe if new and existing supply does not significantly pick up,” said Joel Kan, associate vice president of economic and industry forecasting at the Mortgage Bankers Association. 

Marketwatch says that mortgage rates have soared to the highest level since June 2020.


Prices are going up.  

So far in 2021, mortgage rates have risen over half a percentage point. Mortgage rates rose above 3% for the first time since last summer earlier this month. Rising mortgage rates are a reflection of the upbeat sentiment among investors, which has pushed long-term bond yields higher.

“Rising expectations around the boost to economic activity from a fresh round of fiscal stimulus, equal to more than one month’s worth of economic output, and reemerging consumers drove rates higher." Danielle Hale, Chief Economist at

Remember.. an asking price today may sound like a bargain tomorrow. Plus, buying now means you can start earning equity.

More people are getting vaccinated. Experts predict more homes will go on the market as people feel safer about moving.

According to Pew Research in a survey conducted in February 2021:

  1. overall, 19% of adults say they have already received at least one dose of a coronavirus vaccine

  2. another 50% say they definitely or probably plan to get vaccinated

  3. taken together, 69% of the public intends to get a vaccine – or already has – up significantly from 60% who said they planned to get vaccinated in November.

By getting pre-approved for a loan and identifying location and home style now, you'll be ready when the right home is listed.

If you want to discuss the possibilities—including how to manage buying and selling at the same time—please reach out. We are happy to help!

Showing results 26 - 30 of 162