Chris Budka's Blog Posts

How Experts Can Help Close the Gap in Today’s Homeownership Rate

How Experts Can Help Close the Gap in Today’s Homeownership RateAs we celebrate Black History Month, we reflect on the past and present experiences of Black Americans. This includes the path

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Number of Homes for Sale Up from Last Year, but Below Pre-Pandemic Years

Number of Homes for Sale Up from Last Year, but Below Pre-Pandemic YearsThe biggest challenge in the housing market right now, and likely for years to come, is how few homes there are for sale

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Why Today’s Housing Market Isn’t Headed for a Crash

Why Today’s Housing Market Isn’t Headed for a Crash67% of Americans say a housing market crash is imminent in the next three years. With all the talk in the media lately about

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The Top Reasons for Selling Your House

The Top Reasons for Selling Your HouseMany of today’s homeowners bought or refinanced their homes during the pandemic when mortgage rates were at history-making lows. Since rates doubled in

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You May Not Need as Much as You Think for Your Down Payment

You May Not Need as Much as You Think for Your Down Payment Some HighlightsMany people believe you need to put down 20% of the purchase price when you buy a home. But recent

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Experts Forecast a Turnaround in the Housing Market in 2023

Experts Forecast a Turnaround in the Housing Market in 2023The housing market has gone through a lot of change recently, and much of that was a result of how quickly mortgage rates rose

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Should You Rent Your House or Sell It?

Should You Rent Your House or Sell It?If you’re a homeowner ready to make a move, you may be thinking about using your current house as a short-term rental property instead of selling;

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Lower Mortgage Rates Are Bringing Buyers Back to the Market

Lower Mortgage Rates Are Bringing Buyers Back to the MarketAs mortgage rates rose last year, activity in the housing market slowed down. And as a result, homes started seeing fewer offers and stayed

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Where Will You Go If You Sell? You Have Options.

Where Will You Go If You Sell? You Have Options.There are plenty of good reasons you might be ready to move. No matter your motivations, before you list your current house, you need to consider

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Homeownership Builds Your Wealth over Time

Homeownership Builds Your Wealth over Time Some HighlightsIf you’re thinking of buying a home this year, be sure to factor in the long-term benefits of homeownership.On

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Why It Makes Sense To Move Before Spring

Why It Makes Sense To Move Before SpringSpring is usually the busiest season in the housing market. Many buyers wait until then to make their move, believing it’s the best time to find a home.

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Why You Shouldn’t Fear Today’s Foreclosure Headlines

Why You Shouldn’t Fear Today’s Foreclosure HeadlinesIf you’ve seen recent headlines about foreclosures surging in the housing market, you’re certainly not alone. There&rsquo

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The 3 Factors That Affect Home Affordability

The 3 Factors That Affect Home AffordabilityIf you’ve been following the housing market over the last couple of years, you’ve likely heard about growing affordability challenges. But

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Want To Sell Your House? Price It Right.

Want To Sell Your House? Price It Right.Last year, the housing market slowed down in response to higher mortgage rates, and that had an impact on home prices. If you’re thinking of &

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What’s Really Happening with Home Prices?

Some HighlightsIf you’re thinking about selling your house, recent headlines about home prices falling month-over-month may have you second guessing your decision—but

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Have Home Values Hit Bottom?

Whether you’re already a homeowner or you’re looking to become one, the recent headlines about home prices may leave you with more questions than answers. News stories;

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Pre-Approval in 2023: What You Need To Know

One of the first steps in your homebuying journey is getting pre-approved. To understand why it’s such an important step, you need to understand what pre-approval is and

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Think Twice Before Waiting for 3% Mortgage Rates

Last year, the Federal Reserve took action to try to bring down inflation. In response to those efforts, mortgage rates jumped up rapidly from the record lows we saw in 2021,

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What Past Recessions Tell Us About the Housing Market

What Past Recessions Tell Us About the Housing MarketIt doesn’t matter if you’re someone who closely follows the economy or not, chances are you’ve heard whispers of an upcoming

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Key Terms To Know When Buying a Home

Some HighlightsBuying a home is a major transaction that can seem even more complex when you don’t understand the terms used throughout the process.If you’re looking to

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Is It Time To Sell Your Second Home?

Is It Time To Sell Your Second Home?During the pandemic, second homes became popular because of the rise in work-from-home flexibility. That’s because owning a second home, especially in the

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Today’s Housing Market Is Nothing Like 15 Years Ago

There’s no doubt today’s housing market is very different than the frenzied one from the past couple of years. In the second half of 2022, there was a dramatic shift in real

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The Truth About Negative Home Equity Headlines

Home equity has been a hot topic in real estate news lately. And if you’ve been following along, you may have heard there’s a growing number of homeowners with negative equity. But don

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What Experts Are Saying About the 2023 Housing Market

What Experts Are Saying About the 2023 Housing MarketIf you’re thinking about buying or selling a home soon, you probably want to know what you can expect from the housing&

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3 Best Practices for Selling Your House This Year

3 Best Practices for Selling Your House This YearA new year brings with it the opportunity for new experiences. If that resonates with you because you’re considering making a move, you

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Tips To Reach Your Homebuying Goals in 2023

Tips To Reach Your Homebuying Goals in 2023 Some HighlightsIf you’re planning to buy a home in 2023, here are a few things to focus on.Work on your credit and save for

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Here’s to a Wonderful 2023!

Here’s to a Wonderful!

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What Are Your Goals in the Housing Market This Year?

What Are Your Goals in the Housing Market This Year?If buying or selling a home is part of your dreams for 2023, it’s essential for you to understand today’s housing market, define your

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Wondering How Much You Need To Save for a Down Payment?

Wondering How Much You Need To Save for a Down Payment?If you’re getting ready to buy your first home, you’re likely focused on saving up for everything that purchase involves. One cost

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Avoid the Rental Trap in 2023

Avoid the Rental Trap in 2023If you’re a renter, you likely face an important decision every year: renew your current lease, start a new one, or buy a home. This year is no different. But

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What To Expect From the Housing Market in 2023.

What To Expect From the Housing Market in 2023The 2022 housing market has been defined by two key things: inflation and rapidly rising mortgage rates. And in many ways, it's put the market into

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Millennials Are Still a Driving Force of Today’s Buyer Demand

Millennials Are Still a Driving Force of Today’s Buyer DemandIf you’re thinking about selling your house but wondering if buyers are still out there, know that there are still

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What’s Going on with Home Prices? Ask a Professional

What’s Going on with Home Prices? Ask a Professional.If you’re thinking about buying or selling a home this year, you may have questions about what’s happening

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Why Buying a Home May Make More Sense Than Renting

Why Buying a Home May Make More Sense Than Renting [INFOGRAPHIC]Some HighlightsIf you’re trying to decide whether to rent or buy a home, consider the advantages homeownership offers

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Luxury Homes Are in High Demand

Luxury Homes Are in High DemandAs people realize their needs are changing, some are turning to luxury housing to find their dream home. Investopedia helps define what pushes a home into

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You May Have More Negotiation Power When You Buy a Home Today

You May Have More Negotiation Power When You Buy a Home TodayDid the frequency and intensity of bidding wars over the past two years make you put your home search on hold? If so, you

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What Every Seller Should Know About Home Prices

What Every Seller Should Know About Home PricesIf you’re trying to decide whether or not to sell your house, recent headlines about home prices may be top of mind. And if those stories

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Planning To Retire? Your Equity Can Help You Reach Your Goal

Planning To Retire? Your Equity Can Help You Reach Your Goal.Whether you’ve just retired or you’re thinking about retirement, you may be considering your options and trying to picture a

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Ready To Sell? Today’s Housing Supply Gives You Two Opportunities.

Ready To Sell? Today’s Housing Supply Gives You Two Opportunities.At first glance, the increase in housing supply compared to last year may not sound like good news for prospective ,

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