Lori Gilmore's Blog Posts

Do You Want to Move? You Can Still Secure a Low Mortgage Rate on Your Next Home

Do You Want to Move? You Can Still Secure a Low Mortgage Rate on Your Next HomeThis year, mortgage rates have started to slowly climb above recent record-breaking lows. Many homeowners planning to

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How Long Does It Take To Save for a Down Payment?

How Long Does It Take To Save for a Down Payment?One of the biggest hurdles homebuyers face is saving for a down payment. As you’re budgeting and planning for your home purchase, you’ll

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Why This Is a Great Year to Sell Your Vacation Home

Why This Is a Great Year to Sell Your Vacation HomeAs vaccines are administered and travel resumes, many of us are beginning to plan for those long-awaited vacations we missed out on over the past

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Some Buyers Prefer Smaller Homes, Do You?

Some Buyers Prefer Smaller HomesOver the past year, we’ve had plenty of opportunities to reflect on what we consider most important in our lives. The place we call home is one of the

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Homeownership, It's Full of Financial Benefits

Homeownership, It's Full of Financial BenefitsA Fannie Mae survey recently revealed some of the most highly-rated benefits of homeownership, which continue to be key drivers in today

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Don’t Sell on Your Own Just Because It’s a Sellers’ Market

Don’t Sell on Your Own Just Because It’s a Sellers’ MarketIn a sellers’ market, some homeowners might be tempted to try to sell their house on their own (known

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Your Tax Refund and Stimulus Savings May Help You Achieve Homeownership This Year

Your Tax Refund and Stimulus Savings May Help You Achieve Homeownership This YearIf you’re planning to buy a home this year, saving for a down payment is one of the most important steps in the

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There’s No Reason To Panic Over Today’s Lending Standards

There’s No Reason To Panic Over Today’s Lending StandardsToday, some are afraid the real estate market is starting to look a lot like it did in 2006, just prior to the housing crash. One

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Is Owning A Home Still Considered Part of the American Dream?

Is Homeownership Still Considered Part of the American Dream?Since the birth of our nation, homeownership has always been considered a major piece of the American Dream. As Frederick Peters 

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See How a Change in Mortgage Rate Impacts Your Homebuying Budget

See How a Change in Mortgage Rate Impacts Your Homebuying BudgetMortgage rates are on the rise this year, but they’re still incredibly low compared to the historic average.

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What It Means To Be in a Sellers’ Market

What It Means To Be in a Sellers’ MarketIf you’ve given even a casual thought to selling your house in the near future, this is the time to really think seriously about making

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What Is the Strongest Tailwind to Today’s Recovering Economy?

What Is the Strongest Tailwind to Today’s Recovering Economy?Last year started off with a bang. Unemployment was under 4%, forecasters were giddy with their projections for the economy,

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How to Make a Winning Offer on a Home. . .

How to Make a Winning Offer on a HomeToday’s homebuyers are faced with a strong sellers’ market, which means there are a lot of active buyers competing for a relatively

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Will the Real Estate Market Bloom This Spring?

Will the Real Estate Market Bloom This Spring?Spring is almost here, and many are wondering what it will bring for the housing market. Even though the pandemic continues on, it’s certain to be

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6 Simple Graphs Proving This Is Nothing Like Last Time

6 Simple Graphs Proving This Is Nothing Like Last TimeLast March, many involved in the residential housing industry feared the market would be crushed under the pressure of a once-in-a-lifetime

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3% Mortgage Rates? Should You Be Upset?

How Upset Should You Be about 3% Mortgage Rates?Last Thursday, Freddie Mac announced that their 30-year fixed mortgage rate was over 3% (3.02%) for the first time since last July.

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Is It a Good Time to Sell My House?

Is It a Good Time to Sell My House?Last year, many homeowners thought twice about selling their houses due to the onset of the health crisis. This year, however, homeowners are beginning to regain

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Home Prices: What Happened in 2020? What's Predicted for This Year?

Home Prices: What Happened in 2020? What's Predicted for This Year?The real estate market was on fire during the second half of 2020. Buyer demand was way up, and the supply of homes available for

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Are There Going to Be More Homes to Buy This Year?

Are There Going to Be More Homes to Buy This Year?If you’re looking for a home to purchase right now and having trouble finding one, you’re not alone. At a time like this when there are

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How Much Leverage Do Today’s House Sellers Have?

How Much Leverage Do Today’s House Sellers Have?The housing market has been scorching hot over the last twelve months. Buyers and their high demand have far outnumbered sellers and a short

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Where Have All the Houses Gone? The Shortage Intensifies.

Where Have All the Houses Gone?In today’s housing market, it seems harder than ever to find a home to buy. Before the health crisis hit us a year ago, there was already a shortage of homes for

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Will Low Mortgage Rates Continue through 2021? What Do the Experts Say?

Will Low Mortgage Rates Continue through 2021?With mortgage interest rates hitting record lows so many times recently, some are wondering if we’ll see low rates continue throughout

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3 Ways Home Equity Can Have a Major Impact on Your Life

3 Ways Home Equity Can Have a Major Impact on Your LifeThere have been a lot of headlines reporting on how homeowner equity (the difference between the current market value of your home and the

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Millennials: Is It Time to Buy a Bigger Home?

Millennials: Is It Time to Buy a Bigger Home?In today’s housing market, all eyes are on millennials. Not only are millennials the largest generation, but they’re also currently between

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3 Ways You’ll Win When You Buy a Home This Year

3 Ways You’ll Win When You Buy a Home This YearThere are so many great reasons to purchase a home, and over the past year, we’ve realized more of them than we ever thought possible. If

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47% of New Buyers Surprised by How Affordable Homes Are Today

47% of New Buyers Surprised by How Affordable Homes Are TodayHeadlines matter. Right now, it’s hard to read about real estate without seeing a headline that suggests homes have become

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Three Reasons We’re Definitely Not in a Housing Bubble

Three Reasons We’re Definitely Not in a Housing BubbleHome values appreciated by about ten percent in 2020, and they’re forecast to appreciate by about five percent this year. This has

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6 Foundational Benefits of Homeownership Today

6 Foundational Benefits of Homeownership TodayOver the past year, our homes have become an integral part of our lives more than ever. They’re much more than the houses we live in. They&rsquo

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Why Owning a Home Is a Powerful Financial Decision

Why Owning a Home Is a Powerful Financial DecisionIn today’s housing market, there are clear financial benefits to owning a home: increasing equity, the chance to build your net,

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Do I Really Need a 20% Down Payment to Buy a Home?

Do I Really Need a 20% Down Payment to Buy a Home?Is the idea of saving for a down payment holding you back from buying a home right now? You may be eager to take advantage of today’s low

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Want to Build Wealth? Buy a Home This Year.

Want to Build Wealth? Buy a Home This Year.Every year, households across the country make the decision to rent for another year or take the leap into homeownership. They look at their earnings and

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Turn to an Expert for the Best Advice. . .Not Perfect Advice

Turn to an Expert for the Best Advice, Not Perfect AdviceAs we approach the anniversary of the hardships we’ve faced through this pandemic and the subsequent recession, it’s normal to

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Three Must-Do’s When Selling Your House This Year

3 Must-Do’s When Selling Your House This YearIt’s exciting to put a house on the market and to think about making new memories in new spaces. However, despite the anticipation of what

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Did You Outgrow Your Home in 2020?

Did You Outgrow Your Home in 2020?It may seem hard to imagine that the home you’re in today – whether it’s your starter home or just one you’ve fallen in love with along the

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3 Reasons to Be Optimistic about Real Estate in 2021

3 Reasons to Be Optimistic about Real Estate in 2021This year will be remembered for many reasons, and optimism is one thing that’s been in short supply since the spring. We’re

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Homes for Sale Are Rapidly Disappearing, Will Yours Be Next?

Homes for Sale Are Rapidly DisappearingThrough all the challenges of 2020, the real estate market has done very well, and purchasers are continuing to take advantage of historically low mortgage

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Buyer Interest Is Growing among Younger Generations

Buyer Interest Is Growing among Younger GenerationsThe demand for homes this year is extraordinary as record-breaking numbers of hopeful buyers continue to shop for homes. In a normal year, the peak

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How Down Payment Assistance Opens the Door to Homeownership

How Down Payment Assistance Opens the Door to HomeownershipMany people are eager to buy a home right now while affordability continues to be a highlight of the current housing market.

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Wondering About Home Values? They're Projected to Keep Rising

Home Values Projected to Keep RisingAs we enter the final months of 2020 and continue to work through the challenges this year has brought, some of us wonder what impact continued economic

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The Real Estate Market Continues to Show Unprecedented Strength This Year

Real Estate Continues to Show Unprecedented Strength This YearThe 2020 housing market has surpassed all expectations and continues to drive the nation’s economic recovery. The question is,

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Do You Have Enough Money Saved for a Down Payment?

Do You Have Enough Money Saved for a Down Payment?One of the biggest misconceptions for first-time homebuyers is how much you’ll need to save for a down payment. Contrary to popular belief,

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Should You Buy a Retirement Home Sooner Rather than Later?

Should You Buy a Retirement Home Sooner Rather than Later?Every day in the U.S., roughly 10,000 people turn 65. Prior to the health crisis that swept the nation in 2020, most people had to

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Thinking About Moving to a Single-Story Home?

Is it Time to Move into a Single-Story Home?Once the kids have left the nest, you may be wondering what to do with all of the extra space in your home. Chances are, you don’t need four

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Rising Home Equity Can Power Your Next Move [INFOGRAPHIC]

Rising Home Equity Can Power Your Next Move [INFOGRAPHIC]Some HighlightsAccording to CoreLogic, homeowners across the country are gaining significant equity.Over the past year, the average

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Buyers Are Finding More Space in the Luxury Home Market

Buyers Are Finding More Space in the Luxury Home MarketA year ago, additional space and extra amenities had a very different feel for homebuyers. Today, the health crisis has brought to light how

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Housing Market on Track to Beat Last Year’s Success

Housing Market on Track to Beat Last Year’s SuccessBack in March, as the nation’s economy was shut down because of the coronavirus, many were predicting the real estate market would face

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Why Pricing Your Home Right Matters This Fall [INFOGRAPHIC]

Why Pricing Your Home Right Matters This Fall [INFOGRAPHIC]Some HighlightsAs a seller today, you may think pricing your home on the high end will result in a higher final sale price, but the

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Home Equity Gives Sellers Options in Today’s Market

Home Equity Gives Sellers Options in Today’s MarketHomeownership is one of the best ways to invest in your financial future, especially as your home equity grows. Home equity is a form of

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The True Cost of a Home Is Far More Important than the Price

The True Cost of a Home Is Far More Important than the PriceHousing inventory is at an all-time low. There are 39% fewer homes for sale today than at this time last year, and buyer demand

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Is the Economic Recovery Beating All Projections?

Is the Economic Recovery Beating All Projections?Earlier this year, many economists and market analysts were predicting an apocalyptic financial downturn that would potentially rattle the U.S.

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How Low Inventory May Impact the Housing Market This Fall

How Low Inventory May Impact the Housing Market This FallReal estate continues to be called the ‘bright spot’ in the current economy, but there’s one thing that may hold the

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The Surging Real Estate Market Continues to Climb

The Surging Real Estate Market Continues to ClimbEarlier this year, realtor.com announced the release of the Housing Recovery Index, a weekly guide showing how the pandemic has

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Is Now a Good Time to Move?

Is Now a Good Time to Move?How long have you lived in your current home? If it’s been a while, you may be thinking about moving. According to the latest Profile of Home Buyers and Sellers

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Two New Surveys Indicate Urban to Suburban Lean

Two New Surveys Indicate Urban to Suburban LeanThere has been much talk around the possibility that Americans are feeling less enamored with the benefits of living in a large city and now may be

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Virtual School Is Changing Homebuyer Needs [INFOGRAPHIC]

Virtual School Is Changing Homebuyer Needs [INFOGRAPHIC]Some HighlightsWith remote learning sweeping the nation this academic year, organized spaces with enough room for kids to learn effectively

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Homebuyer Traffic Is on the Rise

Homebuyer Traffic Is on the RiseOne of the biggest surprises of 2020 is the resilience of the residential real estate market. Lawrence Yun, Chief Economist of the National Association

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The Latest Unemployment Rate Fell to 8.4%

The Latest Unemployment Rate Fell to 8.4%Last Friday, the Bureau for Labor Statistics released their Employment Report for August 2020. The big surprise was that the unemployment

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Have You Ever Seen a Housing Market Like This?

Have You Ever Seen a Housing Market Like This?The year 2020 will certainly be one to remember, with new realities and norms that changed the way we live. This year’s real estate market is

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Homebuyer Demand Is Far Above Last Year’s Pace

Homebuyer Demand Is Far Above Last Year’s PaceHomebuying has been on the rise over the past few months, with record-breaking sales powering through the market in June and July. Buyers are

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It’s Not Just About the Price of the Home, There's More To It Than That!

When most of us begin searching for a home, we naturally start by looking at the price. It’s important, however, to closely consider what else impacts the purchase. It’s not just the

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Three Ways to Win in a Bidding War

With so few houses for sale today and low mortgage rates driving buyer activity, bidding wars are becoming more common. Multiple-offer scenarios are heating up, so it’s important to

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The Cost of Renting Vs. Buying a Home

Some HighlightsThe percentage of income needed to afford a median-priced home today is declining, while that for renting is on the rise.This is making buying a home an increasingly

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According to Builders & Realtors.... Real Estate Is Back

When shelter-in-place orders brought the economy to a screeching halt earlier this year, many believed the residential housing market would follow suit. Countless analysts predicted buyer demand

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Existing Home or New Construction? What the Best Option?

Finding the right home to purchase today is one of the biggest challenges for potential buyers. With so few homes for sale and construction of newly built homes ramping up, you may be

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Why Is It so Important to Be Pre-Approved in the Homebuying Process?

You may have heard that pre-approval is a great first step in the homebuying process. But why is it so important? When looking for a home, the temptation to fall in love with a house that

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Will We See a Surge of Homebuyers Moving to the Suburbs?

As remote work continues on for many businesses and Americans weigh the risks of being in densely populated areas, will more people start to move out of bigger cities? Spending extra time at home

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Add Value To Your Home - 9 DIY Improvements

Whether you’re prepping your house to go on the market or looking for ways to maximize its long-term appreciation, these nine home improvement projects are great ways to add function, beauty,

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Serious About Selling? 5 Steps to Make Your Home the Best on the Block

We all want to be good neighbors. But when it comes to selling your home, it’s not just about “keeping up with the Joneses.” It’s about outshining them at every opportunity

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