Sixty-two percent of millennial home buyers say they're planning to put less than 20 percent down on the house they eventually buy.
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Median mortgage payments fell at the end of last year, dropping to $1,920 month-over-month, according to the Mortgage Bankers Association.
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The housing market has gone through a lot of change recently, and much of that was a result of how quickly mortgage rates rose last year. Last fall buyers hesitated and took a break from the market. Now, as we move through 2023, there are signs things are finally going to pick up.
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If you’ve been following the housing market over the last couple of years, you’ve likely heard about growing affordability challenges. But according to experts, the key factors that determine housing affordability are projected to improve this year.
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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 what it does for you.
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The recent pullback in mortgage rates is great news – but if you’re ready to buy now, holding out for 3% is a mistake.
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The 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 a reset position. However, keep in mind that the Bismarck Mandan housing market does respond differently than what happens at the national level.
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If 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 before you dive too deeply into your options, it helps to understand the true costs of renting moving forward.
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As you set out to buy a home, saving for a down payment is likely top of mind. But you may still have questions about the process, including how much to save and where to start.
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If you are moving to Bismarck North Dakota or central North Dakota here is a breakdown of what to expect for each season.
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