Tag: Housing Market

Foreclosure Numbers Today Aren’t Like 2008

Posted on 07/24/2023

If you've been keeping up with the news lately, you've probably come across headlines talking about the increase in foreclosures in today’s housing market. This may have left you with some uncertainty, especially if you're considering buying a home. It’s important to understand the context of these reports to know the truth about what’s happening today. According to...

Explaining Today’s Mortgage Rates

Distressed Properties

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Posted on 07/23/2023

If you’re following mortgage rates because you know they impact your borrowing costs, you may be wondering what the future holds for them. Unfortunately, there’s no easy way to answer that question because mortgage rates are notoriously hard to forecast. There is one thing that’s historically a good indicator of what’ll happen with rates, and that’s the relationship...

Homebuyers Are Getting Used to the New Normal

Interest Rates

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Posted on 07/23/2023

Before you decide to sell your house, it’s important to know what you can expect in the current housing market. One positive trend right now is homebuyers are adapting to today’s mortgage rates and getting used to them as the new normal. To better understand what’s been happening with mortgage rates lately, the graph below shows the trend...

Home Prices Are Rebounding

Posted on 07/19/2023

If you’re following the news today, you may feel a bit unsure about what’s happening with home prices and fear whether or not the worst is yet to come. That’s because today’s headlines are painting an unnecessarily negative picture. If we take a year-over-year view, home prices did drop some, but that’s because we’re comparing to a 'unicorn'...

5 Tips For The First Time Homebuyer

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Posted on 07/18/2023

If you're buying your first home, it can be overwhelming. We are here for you every step of the way. Here are some tips that may help you. Be Ready to Adjust Your Search You may realize that the range of options in your budget is limited. Make a list of 'must-haves', such as outdoor space, proximity to...

Low Housing Inventory Is a Sweet Spot for Sellers

First Time Home Buyers

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Posted on 07/15/2023

Today’s housing inventory is still well below more normal years. This low inventory is why homes that are priced right are still selling quickly and seeing multiple offers. If you want to sell your house, now is a great time because inventory is still low. Let’s connect to start the process....

Housing Market

Renting or Selling Your House: What's the Best Move?

Posted on 07/12/2023

If you’re a homeowner ready to make a move, you may be thinking about using your current house as a short-term rental property instead of selling it. A short-term rental (STR) is typically offered as an alternative to a hotel, and they’re an investment that’s gained popularity in recent years. While a short-term rental can be a tempting...

Short Term Rentals

Momentum Is Building for New Home Construction

Posted on 07/11/2023

If you’re in the process of looking for a home today, you know the supply of homes for sale is low because you’re feeling the impact of having a limited pool of options. And, if your biggest hurdle right now is that you’re having trouble finding something you like, don’t forget that a newly built home is a...

Today’s Housing Inventory Is a Sweet Spot for Sellers

Housing Market

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Posted on 07/07/2023

One of the biggest challenges in the housing market right now is how few homes there are for sale compared to the number of people who want to buy them. To help emphasize just how limited housing inventory still is, let’s take a look at the latest information on active listings, or homes for sale in a given...

Two Questions To Ask Yourself if You’re Considering Buying a Home

Housing Market

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Posted on 07/06/2023

If you’re thinking of buying a home, chances are you’re paying attention to just about everything you hear about the housing market. And you’re getting your information from a variety of channels: the news, social media, your real estate agent, conversations with friends and loved ones, overhearing someone chatting at the local supermarket, the list goes on and...