There are many non financial benefits of buying your own home. However, today’s headlines seem to be focusing primarily on the financial aspects of homeownership – specifically affordability. Many articles are making the claim that it’s not affordable to buy a home in today’s market, but that isn’t the case. Today’s buyers are spending approximately 20% […]
If Housing Affordability Is About the Money, Don’t Forget This. Read More »
One of the major questions real estate experts are asking today is whether prospective homebuyers still believe purchasing a home makes sense. Some claim rapidly rising home prices are impacting demand and, by extension, leading to the recent slowdown in sales activity. However, demand isn’t the real issue. Instead, it’s the lack of supply (homes
Real Estate: It’s Still a Lack of Supply, Not a Lack of Demand Read More »
In the current sellers’ market, many homeowners wonder what, if anything, needs to be remodeled before they list their house. That’s where a trusted real estate professional comes in. We can help you think through today’s market conditions and how they impact what you should – and shouldn’t – renovate before selling. Here are some
The Best Use of Time (and Money) When It Comes to Renovations Read More »
According to recent data from realtor.com, median rental prices have reached their highest point ever recorded in many areas across the country. The report found rents rose by 8.1% from the same time last year. As it notes: “Beyond simply recovering to pre-pandemic levels, rents across the country are surging. Typically, rents fluctuate less than 1% from month to month. In May
With Rents on the Rise – Is Now the Time To Buy? Read More »
With home prices continuing to deliver double-digit increases, some are concerned we’re in a housing bubble like the one in 2006. However, a closer look at the market data indicates this is nothing like 2006 for three major reasons. 1. The housing market isn’t driven by risky mortgage loans. Back in 2006, nearly everyone could
3 Charts That Show This Isn’t a Housing Bubble Read More »
In today’s real estate market, mortgage interest rates are near record lows. If you’ve been in your current home for several years and haven’t refinanced lately, there’s a good chance you have a mortgage with an interest rate higher than today’s average. Here are some options you should consider if you want to take advantage of today’s
What You Should Do Before Interest Rates Rise Read More »
Last week, Fannie Mae released their Home Purchase Sentiment Index (HPSI). Though the survey showed 77% of respondents believe it’s a “good time to sell,” it also confirms what many are sensing: an increasing number of Americans believe it’s a “bad time to buy” a home. The percentage of those surveyed saying it’s a “bad time to buy”
Diving Deep into Today’s Biggest Buyer Concerns Read More »
There’s no denying we’re in a sellers market. With low inventory and high buyer demand, homes today are selling above the asking price at a record rate. According to the latest Realtors Confidence Index Survey from the National Association of Realtors (NAR): Homes typically sell within 17 days (compared to 26 days one year ago). The average home sold has five offers
Selling Your House? Make Sure You Price It Right. Read More »
In today’s real estate market, low inventory and high demand are driving up home prices. As many as 54% of homes are getting offers over the listing price, based on the latest Realtors Confidence Index from the National Association of Realtors (NAR). Shawn Telford, Chief Appraiser at CoreLogic, shares more: “The frequency of buyers being willing to pay more than the market
What To Expect as Appraisal Gaps Grow Read More »
Housing Market Insights For 2022 Yes we are at the half way mark of 2021 already!!! Yes interest rates are still low, inventory is coming up and inflation is on the rise!! So what is on the horizon as we move into the second half of 2021 and peak into 2022?? My Market Musings for
