A recent Bank of America survey asked potential homebuyers what would make them feel more confident about buying a home. The top answers? Affordability—specifically, home prices and mortgage rates. Here’s the good news: while the broader economy may still feel uncertain, the housing market is showing positive signs in both areas. Here’s what buyers need to know and how it may impact your...

For the past couple of years, many homebuyers have felt squeezed out of the market as prices and mortgage rates climbed. If you’ve been waiting for a better moment to jump back in, there’s finally some encouraging news this fall. According to the latest data from Redfin, the typical monthly mortgage payment is now about $290 lower than it was just a few months ago. That shift comes from three key...

The Federal Reserve is meeting this month, and many experts expect a cut to the Federal Funds Rate. But what does that mean for mortgage rates—and more importantly, for your ability to buy or sell a home? Let’s break it down. The Fed Doesn’t Directly Set Mortgage Rates It’s a common misconception that the Federal Reserve directly controls mortgage rates. In reality, the Fed sets the Federal...

If your house has been sitting on the market without the right offers, you may be asking yourself: what’s next? For many homeowners, that question often turns into a new decision — should I rent it out instead of selling? This situation is becoming so common there’s even a name for it: “accidental landlord.” According to Yahoo Finance: “These ‘accidental landlords’ are homeowners...

Lately, you may have seen headlines warning about foreclosures increasing. Naturally, that raises questions: Is another housing crash around the corner? The short answer is: No. Here’s why. Foreclosures Today vs. the 2008 Crash During the housing crash (2007–2011), more than nine million homeowners went through a distressed sale. By comparison, in 2023, there were just over 300,000. So...

Now that the market is slowing down, homeowners who haven’t sold at the price they were hoping for are increasingly pulling their homes off the market. According to the latest data from Realtor.com, the number of homeowners taking their homes off the market is up 38% since the start of this year and 48% since the same time last June. For every 100 new listings in June, about 21 homes were taken off the...

When you sell a house, the last thing you want is for the deal to fall apart right before closing. But according to the latest data from Redfin, that’s happening a bit more often lately. The good news? With the right preparation, it’s completely avoidable. This June, 15% of pending home sales fell through. That’s a bump up from the 2017–2019 average of roughly 12%. While it may not seem huge,...

By Michael Olubajo, Broker – Coldwell Banker Realty Believe it or not, there are clear signs buyer interest is picking up again. Let’s break down what’s really going on behind the scenes—and why the housing market might not be as quiet as it seems. Buyers Are Looking – And the Data Proves It One of the easiest ways to see what’s on people’s minds is by looking at what...

By Michael Olubajo, Broker – Coldwell Banker Realty Buying a home is exciting… until you start thinking about the down payment. That’s when the worry can set in. “I’ll never save enough.”“I need a small fortune just to get started.”“I guess I’ll just rent forever.” Sound familiar? You’re not alone. And you’re definitely not out of luck. Here’s the truth: a lot of...

Are you a homebuyer trying to find the perfect balance between affordability and long-term value? In today’s real estate market, newly built homes may be your best bet—and Michael Olubajo is here to help you make the most informed move. Here's Why New Construction Could Be Right for You: ✅ More Inventory = More Options According to recent housing data, nearly 1 in 5 homes on the market is...