GREENWAY BLOG

4 June 2024

Trading Down Your Home: Is Now the Right Time?

  With listings harder to find and prices still strong, it may be a good time for homeowners who are still in their larger-than-needed homes to sell. The current real estate market offers a unique opportunity to unlock substantial equity, which can be a prudent move towards better enjoying your retirement. The Benefits of Trading Down Can Include: A Newer Home May Require Less Maintenance Moving to a newer, smaller home often means less maintenance and fewer repairs. This can be especially beneficial for retirees who want to spend their time enjoying life rather than managing home upkeep. Reduced Exterior Maintenance Some homes, such...

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1 June 2024

Celebrating National Homeownership Month: Free Resources and Expert Advice

  June is National Homeownership Month, a time to celebrate the value of owning a home and its impact on individuals, families, and communities. This annual observance highlights the significance of homeownership in building strong communities, promoting financial stability, and achieving the American dream.Homeownership is a cornerstone of the American society, providing individuals with a sense of pride, stability, and security. It is not just about owning a piece of property; it is about investing in the future, building equity, and creating a place to call home. Studies have shown that homeownership can lead to greater overall well-being, improved educational outcomes for...

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31 May 2024

MarketMinute | How are rates impacting home price growth?

Revised Q1 GDP data showed slower economic growth than initially reported, as spending and inflation moved lower.  Unemployment benefits ticked higher to 219K, but underlying strength in the labor market still showed signs of persisting. The Fed reported "slight or modest" economic expansion in most regions since April. Businesses grew "somewhat more pessimistic." The FHFA index showed sharply slowing house price growth in March, likely as rising mortgage rates weighed on...

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24 May 2024

MarketMinute | Inventory is up, but is it enough?

According to minutes from last month's Fed meeting, officials believe current policy is restrictive enough to bring inflation down further.  May's PMI measure of private sector economic health topped estimates to hit its highest level since April 2022, led by the services segment. New claims for unemployment benefits fell last week, as labor market strength continued to support the economy. Sales of previously owned homes fell 1.9% from March to April and at the same rate year over...

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21 May 2024

First-Time Home Buyer Loan Programs

  If you're shopping for your first home loan, you've come to the right place. Here's a quick primer to explain types of purchase loans and the programs you can use to access them. Some of the programs can be particularly helpful for first time homebuyers, especially if you haven't yet built a strong credit history or large savings account. The right mortgage loan program can get you into a home faster and help you optimize your home investment. Here’s information on popular first time homebuyer options. When you compare loan programs, consider: Purpose (purchase, purchase and rehab, or construction)...

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