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Bay Equity News

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May 11, 2022
Interest rates just one part of homebuying equation

When buying a home the purchase price and mortgage interest rate – as well as the accompanying monthly payments - always receive the lion’s share of attention.

With mortgage interest rates reaching three-year highs a buyer of a median-priced home today faces a mortgage payment about $290 per month higher than a year ago. With home...

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April 27, 2022
Post-pandemic projects require patience

Home improvement picked up throughout the pandemic as households modified their living spaces for work school and leisure.

Now that the post-pandemic era seems well within reach homeowners are even more pumped about undertaking home remodeling and repair.

Here’s the problem: Like many other things COVID-19 wreaked havoc on the supply chain.

Contractors are in short supply...

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April 25, 2022
Spring housing market is a season of change

Many Americans are ready to turn the corner on COVID-19 as the spring of 2022 arrives but the pandemic’s effects on U.S. home-buying patterns may linger for a long time to come.

The housing market swooned when the contagion first hit American shores in the early spring of 2020 just about the time of year U.S....

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April 13, 2022
Gen Z homebuying is a social media challenge

For the housing industry 2022 is a good time to take a hard look at the newest kids on the homebuying block. Born after 1996 this is “Generation Z " known more commonly as “Zoomers.”

Prepare to engage. Social media has a more meaningful role in influencing customers’ choices among younger generations.

Like Millennials before them Zoomers...

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March 30, 2022
Home price growth could be decelerating

As the spring 2022 home sales season begins some numbers show the housing market might finally be cooling after more than a year of frenzied sales though it could be a slow fade.

The share of markets with double-digit percentage growth rates fell from 78% to 67% in the fourth quarter of 2021. More than 90%...

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March 16, 2022
Meet you halfway: Buying and selling homes after 50

If you have surpassed the half-century mark you’ve probably accumulated a whole lot of belongings a savings and retirement plan and (hopefully) a lot of hard-earned real estate wisdom.

But buying and selling at this middle stage of life often comes with its own distinct set of challenges. The process and contracts change over time and...

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