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Uncategorized Buyer Traffic Is Still Stronger than the Norm Buyer Traffic Is Still Stronger than the Norm Are you putting off selling your house because you’re worried no one’s buying because of where mortgage rates are? If so, know this: the latest data shows plenty of buyers are still out there, and they’re purchasing homes today. Here’s the data to prove it. The ShowingTime Showing Index is a measure of […]
Uncategorized Why You May Still Want To Sell Your House After All Why You May Still Want To Sell Your House After All Even though you may feel reluctant to sell your house because you don’t want to take on a mortgage rate that’s higher than the one you have now, there’s more to consider. While the financial side of things does matter, your personal needs may actually matter just as […]
Uncategorized Gen Z: The Next Generation Is Making Moves in the Housing Market Gen Z: The Next Generation Is Making Moves in the Housing Market Generation Z (Gen Z) is eager to put down their own roots and achieve financial independence. As a result, they’re turning to homeownership. According to the latest Home Buyers and Sellers Generational Trends Report from the National Association of Realtors (NAR), 30% of Gen Z buyers transitioned straight […]
Uncategorized Today’s Housing Market Has Only Half the Usual Inventory [INFOGRAPHIC] Today’s Housing Market Has Only Half the Usual Inventory [INFOGRAPHIC] Some Highlights There are only about half the number of homes for sale compared to the last normal years in the market. That means buyers don’t have enough options right now. So, if you work with an agent to list your house, it should be in the spotlight. If you’re […]
Uncategorized More Jobs and Better Pay Leads to More Buyer Demand More Jobs and Better Pay Leads to More Buyer Demand There’s been talk about a recession for quite a while now. But the economy has been remarkably resilient. Why? One reason is employment and wages have stayed strong. Let’s look at the latest information on each one and why both are good news if you’re […]
Uncategorized Why You Need a True Expert in Today’s Housing Market Why You Need a True Expert in Today’s Housing Market The housing market continues to shift and change, and in a fast-moving landscape like we’re in right now, it’s more important than ever to have a trusted real estate agent on your side. Whether you’re buying your first home or selling once again, it’s mission critical […]
Uncategorized Why You Don’t Need To Fear the Return of Adjustable-Rate Mortgages Why You Don’t Need To Fear the Return of Adjustable-Rate Mortgages If you remember the housing crash back in 2008, you may recall just how popular adjustable-rate mortgages (ARMs) were back then. And after years of being virtually nonexistent, more people are once again using ARMs when buying a home. Let’s break down why that’s […]
Uncategorized Why Median Home Sales Price Is Confusing Right Now Why Median Home Sales Price Is Confusing Right Now The National Association of Realtors (NAR) is set to release its most recent Existing Home Sales (EHS) report tomorrow. This monthly release provides information on the volume of sales and price trends for homes that have previously been owned. In the upcoming release, it’ll likely say home prices are down. This may […]
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Uncategorized Don’t Expect a Wave of Foreclosures [INFOGRAPHIC] Don’t Expect a Wave of Foreclosures [INFOGRAPHIC] Some Highlights With ongoing high inflation pushing up everyday costs, some people are worried that’ll create a flood of foreclosures. Here’s why that’s unlikely. Fewer people are seriously behind on mortgage payments right now. If foreclosures were going to rise a lot, more people would need to be late on their payments. Since most are paying on […]
Uncategorized People Want Less Expensive Homes – And Builders Are Responding People Want Less Expensive Homes – And Builders Are Responding In today’s housing market, there are two main affordability challenges impacting buyers: mortgage rates that are higher than they’ve been the past couple of years, and rising home prices caused by low inventory. To overcome those challenges, many people are working with their agents to find less expensive homes. And with […]
Uncategorized Don’t Expect a Flood of Foreclosures Don’t Expect a Flood of Foreclosures The rising cost of just about everything from groceries to gas right now is leading to speculation that more people won’t be able to afford their mortgage payments. And that’s creating concern that a lot of foreclosures are on the horizon. While it’s true that foreclosure filings have gone up a […]
Uncategorized Equity Is a Game Changer for Homeowners Looking To Sell Equity Is a Game Changer for Homeowners Looking To Sell If you’re a homeowner, you might be torn on whether or not to sell your house right now. Maybe that’s because you don’t want to take on a higher mortgage rate on your next home. If that’s your biggest hurdle, understanding your equity may be exactly what you need to […]
Uncategorized Where Are People Moving Today and Why? Where Are People Moving Today and Why? Plenty of people are still moving these days. And if you’re thinking of making a move yourself, you may be considering the inventory and affordability challenges in the housing market and wondering what you can do to help offset those. A new report from Gravy Analytics provides insight into where people are searching for homes and what they’re […]
Uncategorized Home Prices Are Back on the Rise [INFOGRAPHIC] Home Prices Are Back on the Rise [INFOGRAPHIC] Some Highlights Looking at monthly home price data from six expert sources shows the worst home price declines are behind us, and they’re rising again nationally. If you’ve put your plans to move on pause because you were worried about home prices crashing, this rebound is good news. Let’s connect so you know what’s happening with prices in our area.
Uncategorized About 11,000 Houses Will Sell Today About 11,000 Houses Will Sell Today Some homeowners have been waiting for months to put their house on the market because they don’t think people are buying homes right now. If that’s you, know that even though the housing market has slowed compared to the frenzy of a couple of years ago, it isn’t at a standstill. Contrary to what you […]
Uncategorized The Value of an Agent When Buying Your New Construction Home The Value of an Agent When Buying Your New Construction Home Buying a new construction home can be an exciting experience. From being the very first owner, to customizing your home’s features, there are a lot of benefits. But navigating the complexities of buying a home that’s under construction can also be a bit overwhelming. This is […]
Uncategorized There’s Only Half the Inventory of a Normal Housing Market Today There’s Only Half the Inventory of a Normal Housing Market Today Wondering if it still makes sense to sell your house right now? The short answer is, yes. Especially if you consider how few homes there are for sale today. You may have heard inventory is low right now, but you may not fully realize just how low or […]
Uncategorized Four Ways You Can Use Your Home Equity Four Ways You Can Use Your Home Equity If you’re a homeowner, odds are your equity has grown significantly over the last few years. Equity builds over time as home values grow and as you pay down your home loan. And, since home prices skyrocketed during the ‘unicorn’ years, you’ve likely gained more than you think. According to the latest Equity […]
Uncategorized Housing Market Forecast for the Rest of 2023 [INFOGRAPHIC] Housing Market Forecast for the Rest of 2023 [INFOGRAPHIC] Some Highlights Want to know what experts say will happen in the rest of 2023? Home prices are already appreciating again in many areas. The average of the expert forecasts shows positive price growth. Where mortgage rates go for the rest of the year will depend on inflation. Based on historical trends, rates are likely to ease as inflation continues […]
Uncategorized How Inflation Affects Mortgage Rates How Inflation Affects Mortgage Rates When you read about the housing market in the news, you might see something about a recent decision made by the Federal Reserve (the Fed). But how does this decision affect you and your plans to buy a home? Here’s what you need to know. The Fed is trying hard to reduce inflation. And […]