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 under construction can also be a bit overwhelming. This is where a skilled real estate agent can make all the difference. An article from The Mortgage Reports sums it Continue Reading
Inventory, you might have heard, is low right now. However, you may not fully realize how common or why that’s a perk when you sell your house. Are you wondering if selling your house right now makes sense? The short answer is yes, especially considering how few homes are for sale today. This graph from Calculated Risk can help put that into Continue Reading
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 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 Insights Report from CoreLogic, the average Continue Reading
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 will likely ease Continue Reading
Fed's Target The Fed is trying hard to reduce inflation. 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 your plans to buy a home? Here's what you need to know. And even though there have been 12 straight months where inflation has cooled (see graph Continue Reading
Buying a home or just thinking about it? If you’re trying to decide if you’re ready to buy a home, there’s probably a lot on your mind. You’re thinking about your finances, today’s mortgage rates and home prices, the limited supply of homes for sale, and more. And you’re juggling how all of those things will impact the choice you’ll make. While housing market conditions are Continue Reading
Many homeowners thinking about selling have two critical things holding them back. That’s feeling locked in by today’s higher mortgage rates and worrying they won’t be able to find something to buy while supply is so low. Let’s dive into each challenge and give you some helpful advice on how to overcome these obstacles. Challenge #1: The Reluctance to Take on a Higher Mortgage Continue Reading
While this isn’t the heated market we saw during the ‘unicorn’ years, homes that are priced right are still selling quickly and seeing multiple offers right now. That’s because the number of homes for sale is still so low. Data from the National Association of Realtors (NAR) shows 76% of homes sold within a month, and the average saw 3.5 offers in June. You need to rely Continue Reading
Key Takeaways If you’re considering buying or selling a home, you’ll want to know what’s happening in the housing market. Housing inventory is still meager, prices are rising, and homes sell fast when priced right. If you want more information about our local area and what the trends mean for your plans to buy or sell, let’s connect. Other Continue Reading
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