April Real Estate News - Mortgage Rates Hit Lowest Point So Far This Year

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  If you’ve been holding off on buying a home because of high mortgage rates, you might want to take another look at the market. That’s because mortgage rates have been trending down lately – and that gives you a chance to jump back in. Mortgage rates have been declining for seven straight weeks now, according to  data  from  Freddie Mac . And the average weekly rate is now at the lowest level so far this year ( see graph below ): While that may not sound like a significant shift, it is noteworthy. Because the meaningful drop from over 7% to the mid-6’s can change your mindset when it comes to buying a home. Especially when the  forecasts  said we wouldn’t hit this  number  until roughly  Q3  of this year ( see graph below ): Why Are Rates Coming Down? According to Joel Kan, VP and Deputy Chief Economist at the  Mortgage Bankers Association  (MBA), recent economic uncertainty is playing a role in pushing rates lower: "Mortgage ...
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Why do Homes Listed with Professional Real Estate Photos Sell Quicker and For More Money?

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If you are planning to list your home for sale, you probably already know that you need to prepare your home for the market. The point is to create the most attractive, welcoming version of your home to entice buyers into the home and encourage offers. Your listing needs attention also! Professional photography is the best way to attract those buyers and to ensure you get the best possible price in the shortest timeframe. Most buyers now start their home search online. Online listings with professional photography receive significantly more views than those without. Buyers tend to linger on the site longer as well. Professional photographers do far more than snap pictures with the right lens. They understand how to create the right emotional response in the viewers. They have experience working with listings and homes and normally they specialize in real estate. You already know that homes must be staged to some degree for sale. Buyers must be able to envision themselves living in your home. Photography is about lighting and angles. A good photographer can bring out the best in your home by using these techniques in their shots. Professional pictures can play with light and position to allow your home to appear spacious and bright. Professional photography is no longer reserved for luxury property listings. More and more agents are seeing the value of beautiful pictures. Make sure your home stands out among the sea of listings as potential buyers sort through properties online. Professional photography will help you sell your home faster and for a higher sales price than those without. Present your home in the best possible light to attract those buyers and encourage them to visit and write you an offer.

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