Real Estate Market Forecast Home Sales About To Surge? We May See a Winter Like Never Before. Like most industries, residential real estate has a seasonality to it.  For example, toy stores sell more toys in October, November, and December than they do in any other three-month span throughout the year.  More cars are sold in the U.S. during the second quarter (April, May, and June) than in any other quarter of […]
Home Equity 4 Ways Homeowners Can Use Their Equity Your equity is a powerful tool that can help you achieve your goals as a homeowner.  And chances are, your equity grew substantially over the past year. According to the latest Equity Insights Report from CoreLogic, homeowners gained an average of $51,500 in equity over the past year. If you’re looking for the best ways to use your growing equity, […]
Real Estate Market Forecast What’s Happening with Home Prices?   Many people have questions about home prices right now. How much have prices risen over the past 12 months? What’s happening with home values right now? What’s projected for next year? Here’s a look at the answers to all three of these questions. How much have home values appreciated over the last 12 months? According to […]
Real Estate Tips How Sellers Win When Housing Inventory Is Low In today’s housing market, the number of homes for sale is much lower than the strong buyer demand. As a result, homeowners ready to sell have a significant advantage. Here are three ways today’s low inventory will set you up for a win when you sell this season. 1. Higher Prices With so many more buyers in the market than […]
Real Estate Market Forecast Home Price Appreciation Is Skyrocketing in 2021. What About 2022? One of the major story lines over the last year is how well the residential real estate market performed.  One key metric in the spotlight is home price appreciation.  According to the latest indices, home prices are skyrocketing this year. Here are the latest percentages showing the year-over-year increase in home price appreciation: The House Price […]
Real Estate Tips 5 Tips for Making Your Best Offer In today’s sellers’ market, standing out as a buyer is critical.  Multi-offer scenarios and bidding wars are the norm due to the low supply of houses for sale and high buyer demand. If you’re buying this fall, you’ll want every advantage, especially when you’ve found the home of your dreams. Below are five things to keep in […]
Home-Financing What Buyers and Sellers Need To Know About the Appraisal Gap It’s economy 101 – when supply is low and demand is high, prices naturally rise.  That’s what’s happening in today’s housing market. Home prices are appreciating at near-historic rates, and that’s creating some challenges when it comes to home appraisals. In recent months, it’s become increasingly common for an appraisal to come in below the contract price […]
Home-Financing What Do Experts Say About Today’s Mortgage Rates?   Mortgage rates are hovering near record lows, and that’s good news for today’s homebuyers.  The graph below shows mortgage rates dating back to 2016 and where today falls by comparison.Generally speaking, when rates are low, you can afford more home for your money.  That’s why experts across the industry agree – today’s low rates present […]
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Home Equity A Look at Home Price Appreciation and What It Means for Sellers When you hear the phrase home price appreciation, what does it mean to you? Through context clues alone, chances are you know it has to do with rising home prices. And as a seller, you know rising home prices are good news for your potential sale.  But let’s look past the dollar signs and dive deeper […]
Home Equity Are Houses Less Affordable Than They Were in Past ?   There are many headlines about how housing affordability is declining.  The headlines are correct: it’s less affordable to purchase a home today than it was a year ago. However, it’s important to give this trend context. Is it less expensive to buy a house today than it was in 2005?  What about 1995? What […]
Real Estate Tips Community and Economic Impacts of a Home Sale If you’re thinking of buying or selling a house, chances are you’re focusing on the many extraordinary ways it’ll change your life. What you may not realize is that decision impacts people’s lives far beyond your own.  Home purchases and sales are significant drivers of economic activity.  They have a major impact on your community […]
Real Estate Market Forecast Housing Supply … the shortage of available homes. One of the hottest topics of conversation in today’s real estate market is the shortage of available homes.  Simply put, there are many more potential buyers than there are homes for sale.  As a seller, you’ve likely heard that low supply is good news for you. It means your house will get more attention, and likely, […]
Real Estate Market Forecast Surprising Shift Favors Homeowners: Buyers Now Prefer Existing Homes In April, the National Association of Home Builders (NAHB) posted an article, Home Buyers’ Preferences Shift Towards New Construction, which reported: “60% of people who were looking to buy a home in 2020 said they’d prefer new construction to an existing home.” However, it seems buyers are now shifting their preferences back to existing homes. The latest Consumer Confidence Survey reveals […]
Real Estate Tips Today’s Real Estate Market Explained Through 4 Key Trends As we move into the second half of the year, one thing is clear: the current real estate market is one for the record books.  The exact mix of conditions we have today creates opportunities for both buyers and sellers. Here’s a look at four key components that are shaping this unprecedented market. A Shortage […]
Real Estate Market Forecast Remote Work Has Changed Our Home Needs. Is It Time for Your Home To Change, Too? Over the past year, many homeowners realized what they need in a home is changing, especially with the rise in remote work. If you’re longing for a dedicated home office or a change in scenery, now may be the time to find the home that addresses your evolving needs. Working from Home Isn’t a Passing Fad Before the […]
Real Estate Tips Before Interest Rates Rise 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 […]
Home-Financing Diving Deep into Today’s Biggest Buyer Concerns 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” hit […]
Real Estate Market Forecast This Isn’t Your Typical Summer Housing Market In real estate, it’s normal to see ebbs and flows in the market.  Typically, the summer months are slower-paced than the traditionally busy spring.  But this isn’t a typical summer.  As the economy rebounds and life is returning to normal, the real estate market is expected to have an unusually strong summer season. Here’s how […]
Real Estate Market Forecast A Look at Home Price Appreciation Through 2025   Home prices have increased significantly over the last year, which in turn has grown the net worth of homeowners. Appreciation and home equity are directly linked – as the value of a home increases, so does a homeowner’s equity. And with these recent gains, homeowners are witnessing their financial stability and well-being grow to record levels. […]
Home-Financing The Truths Young Homebuyers Need To Hear For many young or first-time homebuyers, purchasing a home can feel intimidating.  A recent survey shows some homebuyers ages 25 to 40 may be unsure about the homebuying process and what they can afford. It found: “1 in 4 underestimated their buying potential by $150k or more” “1 in 4 underestimated the increase in value by […]