Homebuyers have more negotiating power today. Discover how concessions like closing cost help, rate buy-downs, and price cuts are giving buyers an edge.

Recession buzz is everywhere right now. And if you're thinking about buying or selling a home, it's totally normal to wonder: What would a recession mean for the housing market?

Let’s cut through the noise and look at the hard facts. We’ll use real data from the past six recessions to give you the full picture—and a clear head.

Sure, it might still feel like homes are expensive and competition exists. But compared to the feeding frenzy of recent years, things are starting to feel more… balanced. And in real estate, balance means opportunity—especially for buyers who know how to use their negotiating power.

If you're a first-time buyer dreaming of owning a home but getting sticker shock from single-family listings—look no further. Townhomes check all the right boxes: affordability, space, style, and a whole lot less stress. It’s like getting the best of both worlds—without the major commitment of going full suburban.

If you’re dreaming about ditching your landlord and finally getting the keys to a place of your own, your tax refund might be your secret weapon. Sure, it’s tempting to splurge on a vacation or the latest gadget—but what if that refund could fast-track your path to homeownership?

The Federal Housing Administration (FHA) recently issued new guidance restricting FHA-backed loan programs to U.S. citizens and lawful permanent residents. These new rules reflect the administration's aim to align housing policies with broader immigration priorities.

Mortgage rates shape your homebuying decisions. When rates go down, buyers gain more purchasing power. This week, mortgage rates dipped slightly as the Federal Reserve signaled plans to cut rates twice this year. However, the path to lower mortgage rates relies on inflation continuing to slow.

A sharp drop in mortgage rates has boosted loan demand. More homeowners and buyers are returning to the market after a slow start to the year.

Good news for homebuyers and homeowners! The 30-year fixed mortgage rate has dropped for the second straight week. According to Zillow, the average 30-year rate is now 6.19%, the lowest since October 2024.

The 20-year fixed rate also declined to 5.86%, while the 15-year fixed rate dropped to 5.48%.

The Kiddie Condo Loan is an FHA loan program designed for young buyers. It helps students or young adults buy a home near school. A parent or relative can co-sign, making qualification easier.

As we move into March 2025, many homebuyers are wondering where mortgage rates are headed. Will they dip? Will they rise? Or will they hold steady.

Good news for California homeowners impacted by recent natural disasters — Governor Gavin Newsom has proposed a $125 million mortgage relief program aimed at helping families avoid foreclosure while they focus on recovery.

Thinking of buying a home? Act before spring to avoid competition, negotiate better deals, and lock in today’s prices. Learn why winter is the best time to buy and how Best Option Mortgage can help you secure the best financing. Apply now for pre-approval!

Discover the rising trend of smaller homes and how they offer affordability, efficiency, and modern perks. Learn why homebuilders are shifting focus and how Best Option Mortgage can help you secure financing. Apply now for pre-approval!

Get mortgage pre-approved with Best Option Mortgage! Know your budget, strengthen your offer, and secure the best rates. Apply now for a stress-free homebuying experience!

Resources To Support Those Affected By The L.A. Fires

Freddie Mac’s relief program includes up to 12 months of mortgage forbearance with no late fees or penalties. If your property or employment has been affected, relief options are available.

In response to the devastating wildfires in California, the Biden administration has announced immediate relief for affected homeowners. This includes a 90-day foreclosure moratorium on Federal Housing Administration (FHA) loans and additional disaster assistance programs.

While recent years have seen higher mortgage rates, the tide may finally be turning, creating new opportunities for homeowners and aspiring buyers alike.

Let’s dive into the key predictions for the 2025 housing market and why this could be the perfect time to consider purchasing your dream home.

The year 2025 is shaping up to be a promising one for prospective homebuyers. With predictions of more available homes and slightly lower mortgage rates, the housing market could provide exciting opportunities for those ready to take the leap. However, rising home prices remain a factor, so preparation and strategy will be key to securing the best deal.