If you’ve been house hunting lately, you’ve probably felt the sting of today’s mortgage rates. And it’s because of those rates and rising home prices that many homebuyers are starting to explore other types of loans to make the numbers work. And one option that’s gaining popularity? Adjustable-rate mortgages (ARMs).

If you remember the crash in 2008, this may bring up some concerns. But don’t worry. Today’s ARMs aren’t the same. Here’s why.

Back then, some buyers were given loans they couldn’t afford after the rates adjusted. But now, lenders are more cautious, and they evaluate whether you could still afford the loan if your rate increases. So, don’t assume the return of ARMs means another crash. Right now, it just shows some buyers are looking for creative solutions when affordability is tough. 

You can see the recent trend in this data from the Mortgage Bankers Association (MBA). More people are opting for ARMs right now (see graph below):

And while ARMs aren’t right for everyone, in certain situations they do have their benefits.

How an Adjustable-Rate Mortgage Works

Here’s how Business Insider explains the main difference between a fixed-rate mortgage and an adjustable-rate mortgage:

“With a fixed-rate mortgage, your interest rate remains the same for the entire time you have the loan. This keeps your monthly payment the same for years . . . adjustable-rate mortgages work differently. You'll start off with the same rate for a few years, but after that, your rate can change periodically. This means that if average rates have gone up, your mortgage payment will increase. If they've gone down, your payment will decrease.”

Of course, things like taxes or homeowner’s insurance can still have an impact on a fixed-rate loan, but the baseline of your mortgage payment doesn’t change much. Adjustable-rate mortgages don't work the same way.

Pros and Cons of an ARM

Here’s a little more information on why some buyers are giving ARMs another look. They offer some pretty appealing upsides, like a lower initial rate. As Business Insider explains:

"Because ARM rates are typically lower than fixed mortgage rates, they can help buyers find affordability when rates are high. With a lower ARM rate, you can get a smaller monthly payment or afford more house than you could with a fixed-rate loan."

On the flip side, just remember, if you have an ARM, your rate will change over time. As Barron’s explains there’s the potential for higher costs later:

"Adjustable-rate loans offer a lower initial rate, but recalculate after a period. That is a plus for borrowers if rates come down in the future, or if a borrower sells before the fixed period ends, but can lead to higher costs if they hold on to their home and rates go up."

So, while the upfront savings can be helpful now, you'll want to think through what could happen if you're still in that home when your initial rate ends. Because while projections show rates are expected to ease a bit over the next year or two, no forecast is guaranteed. 

That’s why it’s essential to talk with your lender and financial advisor about all your options and whether an ARM aligns with your financial goals and your comfort with risk.

Bottom Line

For the right buyer, ARMs can offer some big advantages. But they’re not one-size-fits-all. The key is understanding how they work, weighing the pros and cons, and thinking through if they’d be something that would work for you financially. And that’s why you need to talk to a trusted lender and financial advisor before you make any decisions.

With the cost of just about everything going up these days — groceries, gas and utilities — you might be feeling like now just isn’t the time to take on any home projects. But remember, you don’t need to tackle a full-on renovation to make a big impact.

And if you don’t know where to start or what’s worth doing, lean on your trusted REMAX® agent for advice before you get your projects started.

Sometimes, small weekend projects still pack a big punch.

Here are a few examples of smart, budget-friendly updates you can do in just a few days to not only make your home feel fresh and new, but add value too.

One key place a lot of homeowners want to give some love? The kitchen. But instead of gutting the entire thing, think about smaller ways to give your space a facelift. You could go for new hardware, or maybe even add a backsplash. And if you want a refresh on your cabinets, consider bringing in a pro to paint or re-finish them. Just remember, the right tools are essential to a quality end product. Your REMAX agent can recommend local pros they trust, if you do need to hire someone to get the job done.

Another easy win? Light fixtures. This is one of the most overlooked updates, and one of the most affordable. Switch out that builder-grade fixture in your dining room or hallway for something a bit more modern or with a spark of personality. That’s an easy win to instantly change the feel of a room. And it doesn’t have to cost more than a nice dinner out.

Strategic bathroom refreshes are another great bang-for-your-buck project. You’ll be surprised the difference a new faucet, mirror or shower curtain can make. Add some fluffy towels and a plant or two, and suddenly you’ve got spa vibes on a shoestring budget.

Wallpaper is also having a moment right now — and is pretty affordable. Whether it’s the traditional variety or the peel-and-stick kind, a pattern can add interest and depth to a room. Just don’t overdo it. Sometimes too much can be overpowering.

And don’t underestimate the power of paint. A fresh, neutral coat on the walls can do wonders, especially if your current colors are looking a little tired or too specific. The right shade can brighten a room, make it feel bigger and create a clean, updated look.

The key is playing it smart with your budget.

None of these projects require a ton of time or a huge payout. You may not even need to hire a contractor. Focus on the little upgrades that make a big visual impact, because even in a time when everything feels more expensive, you still deserve to love your home.

This weekend, grab a coffee, throw on some music and knock out one small project. Your home (and future self) will thank you.

Bottom Line

When everything feels more expensive, it’s smart to focus on small updates that make a big impact. You don’t need a huge budget to love where you live. You just need a few good ideas (and maybe a little encouragement).

What’s on your weekend project list? If you’re ready to tackle those small-but-mighty upgrades, your trusted REMAX agent can help you prioritize what adds the most value. You don’t have to spend a fortune to make an impact.

There’s a lot of noise out there about what an economic slowdown could mean for the housing market. And if it leaves you feeling a little uneasy, you’re not alone. But here’s the thing.

If you’re worried about what a potential recession could mean for the value of your home, or your homebuying power, your trusted REMAX® agent is here to help set the record straight. You don't have to fear the market when you understand what the data actually shows.

A Recession Doesn’t Automatically Mean Home Prices Will Fall

It’s easy to assume that if the economy slows down, home prices will fall. You might remember what happened in 2008. But the truth is: the housing crash of 2008 was an exception — not the rule.

It hadn’t happened before. And it hasn’t happened since. But what made 2008 so different? It was a flood of oversupply and very different lending standards. And everyone remembers how painful that time was. 

Today, lending is much tighter, and even with inventory rising, the overall number of homes for sale remains well below normal levels. That keeps upward pressure on prices — and it keeps prices from falling significantly on a national level. And while prices are moderating in some markets today, a significant crash is unlikely. 

In fact, according to data from Cotality, in four of the last six recessions, home prices actually went up (see graph below):

Don’t let fear of a recession make you assume prices are about to fall dramatically. 

And since prices usually follow the path they're already on, in most markets they should rise, not fall, in the days ahead. The rise just may slower, or even flat, but certainly not a crash. 

Mortgage Rates Typically Decline During Recessions 

Another important pattern you should know? Mortgage rates usually fall when the economy slows down.

Looking at the data for the last six recessions, mortgage rates came down each time — helping boost buyer purchasing power, even during tougher economic periods (see graph below):

If a recession does happen, history suggests you could see some relief in mortgage rates. However, it’s important to stay realistic. While a dip is possible, we’re unlikely to return to the ultra-low 3% rates seen in 2020 and 2021. 

Bottom Line

Economic shifts are part of the cycle, but they don’t have to derail your plans to buy or sell a home. Don’t let fear be the thing that keeps you from your next move.

Instead, lean on facts to guide your decisions. And your trusted REMAX agent is the perfect person to make sure you have the information you need to feel confident moving forward.

Over the past year, a lot of people put their moving plans on hold. Affordability weakened, and it was harder to find a home in budget, especially when inventory was so low. But things are shifting in a big way. Today, a rare balance is emerging — more choices when you buy, but still strong conditions when you sell.

If you stepped back from your plans last year, your trusted REMAX® agent wants you to know: the door is opening again. The only question is, will you walk through it before it closes?

Inventory Is Up — And That Changes the Game

Last year, the lack of options made it hard to make a move. There just wasn’t enough out there. And when something did pop up, it disappeared fast (or it wasn’t at your price point). And why sell your current home if it's not clear if you can find another one you’d love?

This is why 70% of buyers decided to abandon their search last year.

But today, inventory is on the rise. Builders are building more homes. Sellers are listing their homes and re-entering the market. So, now you have choices that help you go from feeling stuck to maybe feeling ready to move again.

With more listings available and slightly more breathing room, many who paused before are starting to search again. And savvy sellers who act now can still capitalize on that pent-up demand.

The Real Sweet Spot

You might be wondering: if more homes are for sale now, does that mean it’ll be harder to sell your current home? Not quite.

Data from Realtor.com shows inventory is up 30.6% compared to this time last year. But overall inventory levels are still about 16% lower than what’s considered a normal market (see graph below):

Basically, you’re not stuck anymore. But you’re not competing with a flood of listings either. That’s a seller sweet spot.

So, you have more homes to choose from when you move, but there still aren’t too many for sale. 

That means your current home shouldn't have any trouble attracting a lot of interest, especially if you lean on your REMAX agent to make sure it’s well-priced and well-prepped.

But this sweet spot may not last. Inventory has been climbing for over a year and a half now. And Lance Lambert, Co-Founder of ResiClub, says even more growth is coming:

“The fact that inventory is rising year-over-year . . . strongly suggests that national active housing inventory for sale is likely to end the year higher.”

Basically, if you wait too long, your home will be competing with your neighbors — and that could impact your ability to sell quickly and for top dollar. This is exactly the type of local insight only your REMAX agent can give you.

Bottom Line

This rare balance won’t last forever. The window is open, but it’s closing little by little as more listings hit the market.

Reach out to your trusted REMAX agent. That way, you can decide if this sweet spot in your area is the opportunity you’ve been waiting for.

A lot of people want to buy a home, but they feel stuck in “wait and see” mode. Maybe you’re one of them. You’re holding your breath, hoping prices will fall or rates will come back down. But while you’re waiting, the market is moving — without you.

The reality is, trying to time the market rarely works. The longer you sit on the sidelines, the harder it may get to jump in later. That’s why your trusted REMAX® agent is here to share a simple but powerful truth: Time in the Market Beats Timing the Market.

Prices May Continue To Go Up While You Wait

Homeownership is about the long game — and home prices typically rise over time. Even though the days of double-digit price jumps are behind us, steady growth is expected for the foreseeable future.

In fact, each quarter, more than 100 industry professionals weigh in through the Home Price Expectations Survey (HPES) from Fannie Mae. And based on that data, home prices will rise nationally through at least 2029. Not runaway growth — just healthy, sustainable appreciation around 3-4% per year (see graph below):

And that's exactly what makes the next few years such a critical window for buyers. It means prices will continue to rise nationally. Sure, there will be some areas where price trends vary. Let’s say a local market has a surplus of homes for sale — that could result in prices easing in that market. But even in markets experiencing more modest price growth or slight short-term declines, the long game of homeownership usually wins over time. 

In most areas, prices will only inch higher in the years ahead. And that could cost you more if you wait.

 How Much Waiting Could Cost You

Let’s put this into perspective, because it can add up quickly. In this example, let's say you’re looking for a $400,000 home. Based on the HPES forecasts, that same home could be worth nearly $80,000 more just five years from now (see graph below):

That’s $80K you could be gaining in home value — or losing out on if you keep sitting on the sidelines. 

Next year’s home prices will likely be higher than this year’s. And that’ll happen each year for at least the next five years. That’s the time in the market piece. Once you buy, the value of your home will likely climb over time, giving you more equity and wealth.

So, here’s what to keep in mind. Even if mortgage rates come down slightly (and that’s a big “if”), you’re still looking at a higher purchase price a few years from now. 

Real estate rewards those who act, not those who wait for the stars to align.

So, When’s the Right Time To Move?

Only you can answer that. If you need to move and you can make the numbers work right now, it may be worth taking the plunge. Waiting could end up costing you far more than jumping in now. And if you have to adjust your price point or look into assistance programs to get your foot in the door, chances are that’s worth doing.

Your trusted REMAX agent and a great lender will help you understand your options and guide you through smart next steps. Because the reality is, there may never be a “perfect” market — but there is a perfect time for you based on your goals.

The key is making a move that sets you up for success, instead of missing out while you wait for a future that may not unfold the way you hope.

Bottom Line

When it comes to buying a home, the saying still holds true: yesterday was the best time to buy, but the next best time is today.

Are you curious about what home prices are doing in our local market? Reach out to your trusted REMAX agent for the latest data. Let’s take a look together, talk about what’s possible, and see if moving now makes sense for you.

Maybe you’ve heard the number of homes for sale has reached a recent high. And it might make you question if this is the start of another housing market crash.

But the reality is, the data proves that’s just not the case. In most areas, more inventory isn’t bad news. It’s actually a sign of the market returning to a more stable, healthy place.

What’s Going on With Inventory?

Based on the latest data from Realtor.com, inventory just hit its highest point since 2020, shown with the white line in the graph below.

But what you need to realize is, at the same time, inventory levels still haven’t returned to pre-pandemic norms (shown in gray):

That means there are more homes for sale now than there have been in quite some time.

And while it’s true inventory is up significantly compared to where it was over the last few years, the number of homes on the market is still well below typical levels. And that’s important context.

Why This Isn’t the Problem A Lot of People Think It Is

Some people hear inventory’s rising and immediately think about 2008. Because back then, inventory spiked just before the market crashed. But today’s situation is very different.

Here’s the key reason why. We don’t have a surplus of homes; we have a deficit to climb out of. What we’re dealing with is a long-term housing shortage – and it’s a big one.

The red bars in the graph below show all the years where housing starts (new builds) didn’t keep up with household formation, going all the way back to 2012. The deeper the bars in the graph, the more the housing deficit grew (see graph below):

And one of the reasons this housing shortage kept growing is because new home construction just didn’t keep up with the number of people who need to buy homes. In fact, the U.S. is actually short millions of homes at this point, and it will take years to overcome that gap. Realtor.com says:

“At a 2024 rate of construction relative to household formations and pent-up demand, it would take 7.5 years to close the housing gap.”

That means, in most areas, there isn’t a risk of having too many houses on the market right now. It’s quite the opposite – a vast majority of markets actually need more homes.

Which is why, even though inventory is rising, it’s not a problem on a national scale. It’s just helping to fill a gap that’s been growing for years.

Bottom Line

Don’t let the headlines scare you. Rising inventory isn’t a sign of a crash. It’s a step toward a more normal, stable housing market.

When buying a home, you’re probably thinking about mortgage rates, home prices, your down payment, and maybe even your closing costs. But you may not be thinking about homeowners association (HOA) fees. While you won’t necessarily have these, you should know it’s a possibility, depending on where you decide to live.

A homeowners association is basically an organization that oversees a housing community (including shared spaces) and sets and enforces rules for things like upkeep. Some buyers love the perks that come with an HOA, others may see the fees as an extra expense. The key is knowing what they cover and whether the benefits outweigh the costs for you.

The Benefits of Having an HOA

Think about this. If you’ve fallen in love with a home because of how beautiful the community is – maybe it’s the landscaping, the well-maintained streets, or the overall curb appeal – there’s a good chance the HOA is one of the reasons why it looks so good. Here are some of the biggest perks:

• Neighborhood Maintenance: Many HOAs cover landscaping, snow removal, and upkeep of common areas. This helps maintain the neighborhood’s overall appearance.
• Amenities: Depending on the neighborhood, an HOA could also include access to perks like a pool, clubhouse, fitness center, or even private security. In these cases, while you have to pay an HOA fee, you’re also saving money in some ways because you don’t need to have separate gym or pool memberships anymore.
• Property Value Protection: Since HOAs enforce community standards, they prevent homes from falling into disrepair. So, you don’t have to worry about nearby eyesores hurting your property value.
• Less Personal Upkeep: In some communities, HOAs even take care of exterior maintenance, roof repairs, or other shared responsibilities, reducing the work for homeowners.

HOA Fees: More Common, Especially in Newer Neighborhoods

Does every house have HOA fees? No, not all homes have them. But they are common, especially in newer communities. In fact, over 80% of newly built single-family homes are now part of an HOA, according to the Wall Street Journal (see graph below):

But it’s not just new builds that have homeowners associations. Homes that were previously lived in may have an HOA fee too. According to Axios roughly 4 out of every 10 homes had an HOA in 2024.

HOA Fees and Your Home Search

Ask your agent about which homes do and do not have HOA fees as part of your search – and how much the fees are. Some neighborhoods have quarterly dues, some have monthly, some don’t have any at all. To give you some sort of baseline though, the median HOA fee rose last year to $125 per month, based on a report from Realtor.com.

But remember, the costs vary and sometimes these fees give you access to great perks. As Danielle Hale, Chief Economist at Realtor.com, explains:

"When considering a home with an HOA, buyers should work to understand what benefits it provides like maintenance, security, or communal amenities, and how the HOA fees factor into their overall budget."

Bottom Line

Before buying a home in an HOA community, it’s a good idea to review the rules and fees so you know exactly what’s included, how that fits into your overall budget, and what restrictions may apply.

Would you rather pay an HOA fee for added perks, or skip it and have full control over your property? Connect with an agent to talk about what’s best for you.

If you’re a homeowner, chances are you’ve built up a lot of wealth – just by living in your house and watching its value grow over time. And that equity? It’s something that could help change your child’s life.

Since affordability is still a challenge, a lot of first-time buyers are struggling to buy a home in today’s market. Even if they have a stable job and a solid plan, buying can still feel out of reach. But that’s where your equity could make all the difference.

To give you an idea, the average homeowner with a mortgage has $311,000 worth of equity, according to Cotality (formerly CoreLogic). That’s significant. And some parents are using a portion of their equity to help their children become homeowners, too.

According to Bank of America, 49% of buyers between 18 and 26 got money from their parents to use toward their down payment (see chart below): 

Even though the data doesn’t specify how many parents used their equity, the wealth they’ve built through homeownership may have helped make it possible – especially given how much equity the average homeowner has today.

While what’s right for each person’s specific situation will vary on a case-by-case basis, that’s a powerful legacy to pass on. It helps those younger people buy a home, build equity of their own, and begin the next chapter of their life with a little less financial stress and a lot more stability. And for those parents? It’s a way to turn what they've built into something deeply meaningful.

This isn’t just about money. For many homeowners, it’s about being the reason their child gets to say, “we got the house.” And giving them the kind of head start they might’ve only dreamed of at their age. And here’s the part that really sticks. Compare the Market says: 

“Of those who did receive monetary aid from parents and grandparents to buy a house, 45% of Americans said they would not have been able to purchase a house without financial support from parents and grandparents.”

Bottom Line

Your equity could be the thing that makes homeownership possible for your children when they might not be able to do it on their own. So, here’s the question.

If helping your kids buy a home was more feasible than you thought, would you want to explore that option?

If you want to learn more or find out the best way to make it happen, talk to your lender and a financial advisor you trust.

Some Highlights

• Are you wondering what to expect if you buy or sell a home in the second half of the year? Here’s what the expert forecasts tell you.
• Mortgage rates are expected to come down slightly. There will be more homes available for sale. And as inventory rises, home price growth will moderate.
• Want to know what this could mean for your plans? Connect with a local agent and talk through it together.

If you have a 3% mortgage rate, you’re probably pretty hesitant to let that go. And even if you’ve toyed with the idea of moving, this nagging thought may be holding you back: “why would I give that up?”

But when you ask that question, you may be putting your needs on the back burner without realizing it. Most people don’t move because of their mortgage rate. They move because they want or need to. So, let’s flip the script and ask this instead: 

What are the chances you’ll still be in your current house 5 years from now?

Think about your life for a moment. Picture what the next few years will hold. Are you planning on growing your family? Do you have adult children about to move out? Is retirement on the horizon? Are you already bursting at the seams?

If nothing’s going to change, and you love where you are, staying put might make perfect sense. But if there’s even a slight chance a move is coming, even if it’s not immediate, it’s worth thinking about your timeline.

Because even a year or two can make a big difference in what your next home might cost you.

What the Experts Say About Home Prices over the Next 5 Years

Each quarter, Fannie Mae asks more than 100 housing market experts to weigh in on where they project home prices are headed. And the consensus is clear. Home prices are expected to rise through at least 2029 (see graph below):

While those projections aren’t calling for big increases each year, it's still an increase. And sure, some markets may see flatter prices or slower growth, or even slight dips in the short term. But look further out. In the long run, prices almost always rise. And over the next 5 years, the anticipated increase – however slight – will add up fast.

Here’s an example. Let's say you'll be looking to buy a roughly $400,000 house when you move. If you wait and move 5 years from now, based on these expert projections, it could cost nearly $80,000 more than it would now (see graph below):

That means the longer you wait, the more your future home will cost you. 

If you know a move is likely in your future, it may make sense to really think about your timeline. You certainly don't have to move now. But financially, it may still be worth having a conversation about your options before prices inch higher. Because while rates are expected to come down, it’s not by much. And if you’re holding out in hopes we’ll see the return of 3% rates, experts agree it’s just not in the cards (see graph below): 

So, the question really isn’t: “why would I move?” It’s: “when should I?” – because when you see the real numbers, waiting may not be the savings strategy you thought it was. And that’s the best conversation you can have with your trusted agent right now.

Bottom Line

Keeping that low mortgage rate is smart – until it starts holding you back.

If a move is likely on the horizon for you, even if it’s a few years down the line, it’s worth thinking through the numbers now, so you can plan ahead.

What other price point do you want to see these numbers for? Connect with a local agent to have a conversation, so you can see how the math adds up. That way, you can make an informed decision about your timeline.