Buying Myths - The McGrady Group

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Madison’s Challenge: Escalating Prices & Sluggish Listings

Dane County Market Analysis, Housing Market Updates, Interest Rates, Market Updates, McGrady Group Blog, Pricing, Time-sensitive

Here at The McGrady Group, we love digging into the data to determine how national headlines apply to us in South Central Wisconsin. Our latest analysis delves into how Dane County’s robust employment but lackluster listing quantity influences…

Dane County Market Snapshot, Inventory Low, End of 2023

The McGrady Group 2024

Let’s Navigate the 2024 Dane County Market Together

Dane County Market Analysis, For Buyers, For Sellers, Housing Market Updates, Industry News, Interest Rates, Market Updates, Pricing

With a competitive 2024 market upon us, The McGrady Group is excited to help our clients balance rising home prices, dynamic interest rates, and low inventory levels. The housing market's current stability, driven by economic factors and population…

Tips for Single Homebuyers: How To Make Your Dream a Reality

Buying Myths, Down Payments, First Time Home Buyers, For Buyers

If you’re living on your own and looking to buy a home, know that you can make your dream a reality with thoughtful planning and the right team of experts. Research from Freddie Mac shows 28% of all households (36.1 million) are sole-person,…

How To Think Strategically as a Buyer in Today’s Market

Buying Myths, First Time Home Buyers, For Buyers, Move-Up Buyers

The game of chess can provide incredible lessons to apply to all aspects of life, including the homebuying process. Chess requires you to plan and think about your strategy from the very beginning of the game. The homebuying process, like chess,…

How Smart Buyers Are Approaching Rising Mortgage Rates

Buying Myths, First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers

Last week, the average 30-year fixed mortgage rate from Freddie Mac inched up to 3.1%, and experts project rates will continue rising through 2022: “The 30-year fixed-rate mortgage was 2.9% in the third quarter of 2021. We forecast mortgage…

VA Loans: Helping Veterans Achieve Their Homeownership Dreams

Buying Myths, Down Payments, For Buyers, Time-sensitive

The purpose of Veterans Affairs (VA) home loans is to provide a pathway to homeownership for those who have sacrificed so much by serving our nation. As the Veterans Administration says of the program: “The objective of the VA Home Loan…

The Mortgage Process Doesn’t Have To Be Scary [INFOGRAPHIC]

Buying Myths, First Time Home Buyers, For Buyers, Infographics, Move-Up Buyers

Some Highlights Applying for a mortgage is a big step towards homeownership, but it doesn’t need to be one you fear. Here are some tips to help you prepare. Know your credit score and work to build strong credit. When you’re ready, lean…

Knowledge Is Power When It Comes to Appraisals and Inspections

Buying Myths, First Time Home Buyers, For Buyers, Move-Up Buyers

Buyers in today’s market often have questions about the importance of getting a home appraisal and an inspection. That’s because high buyer demand and low housing supply are driving intense competition and leading some buyers to consider…

Important Distinction: Homes Are Less Affordable, Not Unaffordable

Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates

It’s impossible to research the subject of buying a home without coming across a headline declaring that the fall in home affordability is a crisis. However, when we add context to the most recent affordability statistics, we soon realize…

What Does the Future Hold for Home Prices?

Buying Myths, For Buyers, For Sellers, Housing Market Updates, Pricing, Selling Myths

If you’re looking to buy or sell a house, chances are you’ve heard talk about today’s rising home prices. And while this increase in home values is great news for sellers, you may be wondering what the future holds. Will prices continue…

Don’t Wait for a Lower Mortgage Rate – It Could Cost You

Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers

Today’s housing market is truly one for the record books. Over the past year, we’ve seen the lowest mortgage rates in history. And while those rates seemed to bottom out in January of this year, the golden window of opportunity for buyers…

If You’re a Buyer, Is Offering Asking Price Enough?

Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers

In today’s real estate market, buyers shouldn’t shop for a home with the expectation they’ll be able to negotiate a lower sales price. In a typical housing market, buyers try to determine how much less than the asking price they can offer…