Tag: Housing Market

Don’t Expect a Flood of Foreclosures

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Posted on 08/16/2023

The rising cost of just about everything from groceries to gas right now is leading to speculation that more people won’t be able to afford their mortgage payments. And that’s creating concern that a lot of foreclosures are on the horizon. While it’s true that foreclosure filings have gone up a bit compared to last year, experts say...

Where Are People Moving Today and Why?

Posted on 08/14/2023

Plenty of people are still moving these days. And if you’re thinking of making a move yourself, you may be considering the inventory and affordability challenges in the housing market and wondering what you can do to help offset those. A new report from Gravy Analytics provides insight into where people are searching for homes and what they’re...

First Time Homebuyers

Home Prices Are Back on the Rise

Posted on 08/13/2023

Looking at monthly home price data from six expert sources shows the worst home price declines are behind us, and they’re rising again nationally. If you’ve put your plans to move on pause because you were worried about home prices crashing, this rebound is good news. Let’s connect so you know what’s happening with prices in our area....

The Value of an Agent When Buying Your New Construction Home

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Posted on 08/11/2023

Buying a new construction home can be an exciting experience. From being the very first owner, to customizing your home’s features, there are a lot of benefits. But navigating the complexities of buying a home that’s under construction can also be a bit overwhelming. This is where a skilled real estate agent can make all the difference. An...

First Time Home Buyers

There's Only Half the Inventory of a Normal Housing Market Today

Posted on 08/10/2023

Wondering if it still makes sense to sell your house right now? The short answer is, yes. Especially if you consider how few homes there are for sale today. You may have heard inventory is low right now, but you may not fully realize just how low or why that’s a perk when you go to sell your...

Housing Market Forecast for the Rest of 2023

Housing Market

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Posted on 08/07/2023

Want to know what experts say will happen in the rest of 2023? Home prices are already appreciating again in many areas. The average of the expert forecasts shows positive price growth. Where mortgage rates go for the rest of the year will depend on inflation. Based on historical trends, rates are likely to ease as inflation continues...

How To Know If You’re Ready to Buy a Home

Posted on 08/03/2023

If you’re trying to decide if you’re ready to buy a home, there’s probably a lot on your mind. You’re thinking about your finances, today’s mortgage rates and home prices the limited supply of homes for sale, and more. And, you’re juggling how all of those things will impact the choice you’ll make. While housing market conditions are...

Housing Market

Sellers: Don’t Let These Two Things Hold You Back

Posted on 08/02/2023

Many homeowners thinking about selling have two key things holding them back. That’s feeling locked in by today’s higher mortgage rates and worrying they won’t be able to find something to buy while supply is so low. Let’s dive into each challenge and give you some helpful advice on how to overcome these obstacles. Challenge #1: The Reluctance...

Pricing Your House Right Still Matters Today

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Posted on 08/01/2023

While this isn’t the frenzied 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...

Home Prices

Key Housing Market Trends

Posted on 07/31/2023

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 very low, prices are climbing back up, and homes are selling 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,...