Due to increasing mortgage rates, the housing market slowed down last year, which had an effect on property values. If you're considering selling your house soon, you should modify your expectations in line with that. As explained on realtor.com: “. . . some of the more prominent pandemic trends have changed, so sellers might wish to adjust accordingly to get the best deal possible.” In a more...
The most recent news stories about housing prices might be at the forefront of your mind if you're attempting to decide whether or not to sell your property. And if those stories have left you wondering what the impact of this will be on the value of your property, the following is the information that you really need to know. What Kind of Changes Are We Seeing in Home Prices? You've probably read...
There's no question that the housing market today is very different from the crazy one of the past few years. In the second half of 2022, there was a significant change in the real estate market, which made many people think of the housing crisis of 2008. Even though there may be some similarities, there are big differences when you look at key factors between now and the last housing cycle. In the most...
If you're about to buy your first home, you're probably saving up for all of the costs that come with it. Your down payment is probably the first cost that comes to mind. But don't make it harder than it needs to be by believing a common myth about how much you need to save. Understand That a 20% down payment isn't always the norm Freddie Mac explains: “. . . nearly a third of prospective...
Everyone wants to know what is in store for the 2023 Residential Real Estate Market. While we can't see into the future (wish we could, we'd make some Super Bowl bets!), we can look at the Data and what is happening with the economy in general to get a good idea. We think there will be two driving forces behind the 2023 real estate market. Curious about what we see on the horizon? Then check out this video...
If recent headlines about the housing market cooling and buyer demand moderating have you worried you’ve missed your chance to sell, here’s what you need to know. Buyer demand hasn’t disappeared, it’s just eased from the peak intensity we saw over the past two years. Buyer Demand Then and Now During the pandemic, mortgage rates hit record lows, and that spurred a significant rise in buyer demand....
The talk of a housing bubble in the coming year seems to be at a fever pitch as rising mortgage rates continue to slow down an overheated real estate market. Over the past two years, home prices have appreciated at an unsustainable pace causing many to ask: are things just slowing down, or is a crash coming? To answer this question, there are two things we want to understand. The first is the reality of...
In a market that’s shifting as fast as it is today, many homeowners wonder what, if anything, needs to be renovated before they sell their house. That’s where a trusted real estate professional comes in. They can help you think through today’s market conditions and how they impact what you should – and shouldn’t – do before selling your house. Here are some considerations a professional will...
One of the top stories in recent real estate headlines was the intensity and frequency of bidding wars. With so many buyers looking to purchase a home and so few of them available for sale, fiercely competitive bidding wars became the norm during the pandemic – and it drove home prices up. If you tried to buy a house over the past two years, you probably experienced this firsthand and may have been...
One of the biggest questions people are asking right now is: what’s happening with home prices? There are headlines about ongoing price appreciation, but at the same time, some sellers are reducing the price of their homes. That can feel confusing and makes it more difficult to get a clear picture. Part of the challenge is that it can be hard to understand what experts are saying when the words they...