How Do Changing Mortgage Rates Impact Your Homebuying Budget?

Mortgage rates are on the rise this year, but they’re still incredibly low compared to the historic average. However, anytime there’s a change in the mortgage rate, it affects what you can afford to borrow when you’re buying a home. As Sam Khater, Chief Economist at Freddie Mac, shares: “Since January, mortgage rates have increased half a percentage point from historic…

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What Rochester’s Record-Low Housing Inventory Means for Buyers & Sellers

With mortgage rates hovering at historic lows, the Rochester and Finger Lakes real estate market is expected to do very well in 2021. One challenge to the housing industry, however, is the lack of homes available for sale today. Last week, the National Association of Realtors (NAR) released their Existing Home Sales Report, which shows that the inventory of…

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Fall Housing Market Trends

Fall is officially here which makes now a great time to look at fall housing market trends. While some favor spring/summer to make a move, the fall market is traditionally strong and tends to bring out both serious buyers and serious sellers who want to be settled before the sn%* flies. On a National Level:…

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Here’s What’s Cooking: Down Payment Assistance

Hey there! The Courtney Dudek Homes Team is back with this month’s edition of Here’s What’s Cooking: Down Payment Assistance! We decided that life is short and some days it’s okay to eat dessert first. So what did we bake? These beautiful and bodacious white chocolate chip cranberry cookies with some help from our junior…

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Penfield Real Estate Stats: January 2019

Believe it or not, January has already passed us, which means that the month of love is here! It’s the first Saturday of February, and we’ve got some fresh stats about what’s been going on in the Rochester Real Estate Market. Curious about what the past year has looked like as a whole? The Greater…

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November Real Estate Stats

December has arrived and the holiday countdown has officially begun! Get ready, because we’re going to jump right into the real estate stats from November. Although it’s a little chilly outside, it’s still worth taking some time out of your holiday online shopping to see what great house Santa may have in his sack. Sellers…

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October Real Estate Report

November has arrived, and before we know it the holidays will be here! As we embark on the snowy season, let’s look back at last month’s real estate report in order to predict where the market is headed. It is starting to look like we are continuing on a path toward a more balanced market,…

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September Real Estate Market in Penfield, NY

Happy October! It’s the first Saturday of the month, which means it’s time to check out the Penfield, NY real estate market! As we change seasons, it’s a great time to think about changing your address. Here’s why: Buyers are Serious Fall market buyers are ready to be somewhere before the snow flies. They’ve usually…

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