Before you decide to sell your house, knowing what you can expect in the current housing market is essential. One positive trend is that homebuyers are adapting to today’s mortgage rates and getting used to them as the new normal. To better understand what’s been happening with mortgage rates lately, the graph below shows the 30-year fixed mortgage rate trend from Freddie Mac since Continue Reading
If you’re following the news today, you may feel a bit unsure about what’s happening with home prices and fear whether or not the worst is yet to come. That’s because today’s headlines are painting an unnecessarily negative picture. If we take a year-over-year view, home prices did drop some, but that’s because we’re comparing to a ‘unicorn’ year when prices Continue Reading
Key Take Away Today’s housing inventory is still well below average years. Manhattan's Inventory is the lowest in five years. This low inventory is why homes priced right are still selling quickly and seeing multiple offers. If you want to sell your house, now is an excellent time because inventory is still low. Let’s connect to start Continue Reading
Even as some companies transition back into the office, remote work remains a popular choice for many professionals. So, if you enjoy working from home or hope to be able to soon, you’re not alone. According to a recent survey, most working professionals want to work either fully remote or hybrid (see below): This trend is good news if you’re looking to buy a home because a remote Continue Reading
A short-term rental (STR) is typically offered as an alternative to a hotel, and they’re an investment that’s gained popularity in recent years. If you’re a homeowner ready to move, consider using your current house (townhouse) as a short-term rental property instead of selling it. New York City Short-term Rentals It's important to note that short-term rentals of residential units (rentals for Continue Reading
. If you’re looking for a home today, you know the supply of homes for sale is low. You feel the impact of having a limited pool of options. And if your most significant hurdle right now is that you’re having trouble finding something you like. Don’t forget that a newly built home is a great option. As a recent article from the National Association of Continue Reading
When selling your house, you want to sell it for the most money; you can do it in a certain amount of time and do all of that with the fewest hassles. And while the current housing market is generally favorable to sellers due to today’s limited housing supply, there are still factors that can cause delays or even prevent a house from selling. If you're having trouble getting your house to Continue Reading
Some Key Takeaways Downsizing is a popular choice for homeowners when they retire or when their needs change, but with inflation still high; it’s also a way to reduce costs. Downsizing could help reduce expenses, and your equity can fuel your move. If you’re considering moving to a smaller home, let’s connect to review your Continue Reading
One of the biggest challenges in the housing market right now is how few homes there are for sale compared to the number of people who want to buy them. To help emphasize just how limited housing inventory still is, let’s look at the latest information on active listings or homes for sale in a given month as it compares to more normal levels. According to a recent report Continue Reading
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