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
Even though the housing market is no longer experiencing the frenzy that was so characteristic of the last couple of years, it doesn’t mean today’s market is at a standstill. In actuality, buyer traffic is still strong today. The ShowingTime Showing Index is a measure of how much buyers are touring homes. The graph below uses that index to illustrate buyer activity Continue Reading
Competitive offers still exist in certain situations. While the wild ride that was the ‘unicorn’ years of housing is behind us, today’s market is still competitive in many areas because the supply of homes for sale is still low. If you’re looking to buy a home this season, know that the peak frenzy of bidding wars is in the rearview mirror, but you may still come up Continue Reading
If you’re thinking of buying or selling a home, one of the biggest questions you have right now is probably: what’s happening with home prices? And it’s no surprise you don’t have the clarity you need on that topic. Part of the issue is how headlines are talking about home prices. They’re basing their negative news by comparing current stats to the last few Continue Reading
If you've been keeping up with the news lately, you've probably heard headlines talking about the increase in foreclosures in today’s housing market. This may have left you uncertain, especially considering buying a home. It’s essential to understand the context of these reports to know the truth about what’s happening today. According to a recent report from ATTOM, a property data Continue Reading
Key Takeaways According to a recent Gallup poll, real estate has been voted the best long-term investment for 11 years, beating gold, stocks, bonds, and more. Owning real estate means more than having a home—it’s an investment in your future. That’s because it’s typically a stable and secure asset that tends to increase in value over time. Let’s Continue Reading
You may have heard some people say it’s better to rent than buy a home right now. But, even today, many good reasons exist to become a homeowner. One of them is that owning a home is typically viewed as an excellent long-term investment that helps your net worth grow over time. Homeownership Builds Wealth Regardless of Income Level You may be surprised Continue Reading
If you’re following mortgage rates because you know they impact your borrowing costs, you may be wondering what the future holds for them. Unfortunately, there’s no easy way to answer that question because mortgage rates are hard to forecast. But, there’s one thing that’s historically a good indicator of what’ll happen with rates: the relationship between the 30-Year Continue Reading
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