The increasing effects of natural disasters lead to new obstacles in residential real estate. As a recent article from CoreLogic explains: “As the specter of climate change looms large, the world braces for unprecedented challenges. In the world of real estate, one of those challenges will be the effects of natural catastrophes on property portfolios, homeowners, and Continue Reading
Are you considering buying your first home? If so, knowing what led other people to make that decision can be helpful. According to a recent survey of first-time homebuyers by PulteGroup: “When asked why they purchased their first home recently, the answer was simple: because they wanted to. Either the desire to stop renting or recognition that homeownership is a smart Continue Reading
During the fourth quarter of last year, some housing experts projected home prices would crash in 2023. The media ran with those forecasts and posted headlines calling for doom and gloom in the housing market. All of this negative news coverage made many people doubt the strength of the residential real estate market. If it made you question if you should delay your plans to move, Continue Reading
If you’re thinking about buying a home soon, higher mortgage rates, rising home prices, and ongoing affordability concerns may make you wonder if buying a home right now makes sense. While those market factors are important, there's more to consider. You should think about the long-term benefits of homeownership, too. Think about this: if you know people who bought a home 5, 10, Continue Reading
Key Take Away Wondering why the supply of homes for sale is limited today? There are a few factors at play. Lack of building over time, the mortgage rate lock-in effect, and people staying in their houses longer are three of the main reasons why supply is low. But real estate agents know exactly where to look and what to do to make Continue Reading
If your listing expired and your house didn’t sell, you’re likely feeling a little frustrated. Not to mention, you're also probably wondering what went wrong. Here are three questions to consider as you determine what to do next. Did You Limit Access to Your House? One of the biggest mistakes you can make when selling your house is restricting the days and times Continue Reading
You might remember the housing crash in 2008, even if you didn't own a home. If you’re worried there will be a repeat of what happened back then, there's good news – the housing market now differs from 2008. One important reason is there aren't enough homes for sale. That means there’s an undersupply, not an oversupply like the last time. For the market to crash, there would have to be too Continue Reading
If you’re considering moving, one of your biggest questions right now is probably: what’s happening with home prices? Despite what you may be hearing in the news, nationally, home prices aren’t falling. It’s just that price growth is beginning to normalize. Here’s the context you need to understand that trend. In the housing market, predictable ebbs and flows happen each Continue Reading
A mortgage pre-approval is one of the first steps to take if you’re looking to buy a home this fall. Additionally, there are a few things you need to know. Affordability is tight with today’s mortgage rates and rising home prices. At the same time, a limited number of homes are on the market, creating some competition among buyers. But, if you’re strategic, there are ways to Continue Reading
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