The Roselli Team - Your Real Estate Experts

From the opportunity to take advantage of today’s low   mortgage rates   to changing   homeowner needs , Americans have more   motivation   than ever to buy a home. According to the experts, buyers are making moves right now, creating an unseasonably strong housing market for this time of year. As we wrap up the fall season and move into the winter months, here’s a look at what several industry leaders have to say about the continued momentum in the current market, and what it means as we head into the early part of next year. Lawrence Yun, Chief Economist,   National Association of Realtors   (NAR) “This solid buying is a testament to   demand still being relatively high , as it is occurring during a time when inventory is still markedly low. The notable gain in October assures that total existing-home sales in 2021 will exceed 6 million, which will shape up to be   the best performance in 15 years .”   Odeta Kushi, Deputy Chief Economist,   First American “So far in November,   purch

Why It Just Became Much Easier To Buy a Home Since the pandemic began, Americans have reevaluated the meaning of the word   home . That’s led some renters to realize the many benefits of homeownership, including the feelings of   security and stability   and the financial benefits that come with rising   home equity . At the same time, many current homeowners have decided their house no longer meets their needs, so they moved into homes with more space inside and out, including a home office for   remote work . However, not every purchaser has been able to fulfill their desire for a new home. Here are two obstacles some homebuyers are facing: The ability to save for a down payment The ability to qualify for a mortgage at the current lending standards This past week, both of those challenges have been mitigated to some degree for many purchasers. The FHFA (which handles mortgages by   Freddie Mac ,   Fannie Mae , and the   Federal Housing Administration ) is raising its loan limit for p

The game of chess can provide incredible lessons to apply to all aspects of life, including the homebuying process. Chess requires you to plan and think about your strategy from the very beginning of the game. The homebuying process, like chess, requires strategy and planning. Here are a few things to keep in mind to ensure your plan is as strong as possible when you begin your home search. Pre-Approval: the Best Opening Play To Make as a Homebuyer It’s important to have a great opening play when you’re buying a home. And the best move you can make when you begin your home search is getting pre-approved by a lender. You’ve probably already heard this is an important step, but what exactly is pre-approval and what benefits does it provide you? As   Freddie Mac   puts it: “The pre-approval letter from your lender tells you the   maximum amount you are qualified to borrow.   Getting a pre-approval letter is not a loan guarantee, it simply states how much your lender is willing to lend you