market shift

Eighty percent. That’s the share of home sellers right now who expect to get their full asking price, or more, when they sell. When I first came across that number, it stopped me in my tracks, because the data on what’s actually happening in the market tells a very different story. I get where the expectation comes from. For a few years, that really was the market. But a lot has changed since...

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...

In this Friday’s infographic we have a great one giving 3 reasons why now is the time to look for a new home in today’s market. Some Highlights The housing market is moving away from the frenzy of the past year and it’s opening doors for you if you’re thinking about buying a home. Housing inventory is increasing, which means more options for your search. Plus, the intensity of bidding...

Mortgage rates are much higher today than they were at the beginning of the year, and that’s had a clear impact on the housing market. As a result, the market is seeing a shift back toward the range of pre-pandemic levels for buyer demand and home sales. But the transition back toward pre-pandemic levels isn’t a bad thing. In fact, the years leading up to the pandemic were some of the best the...