[vc_row][vc_column][vc_column_text]One of the major questions in today’s market is whether potential homebuyers still believe purchasing a home makes sense. Some experts believe rising home prices are impacting demand and, by default, leading to the recent stall in sales activity.   However, it’s more likely that it's the lack of supply that is responsible for the stalled activity.   The Wall Street Journal explained that “Home builders have sold more...

[vc_row][vc_column][vc_column_text] There’s a pretty good chance you’ve heard we’re in a serious sellers’ market right now...

[vc_row][vc_column][vc_column_text]Considering buying a home? Sometimes, it can feel like everyone has a opinion when it comes to buying a home. Keep in mind that while your friends and family have your best interests in mind, they may also be missing information about today’s housing market that can be used to make your best decision.   Before you buy a home, you should know how to answer the following...

[vc_row][vc_column][vc_column_text]In April, the National Association of Home Builders (NAHB) reported that 60% of people who were looking to buy a home in 2020 would prefer new construction to an existing home. However, it now seems that buyers have shifted their preferences back to existing homes.   While the percentage of Americans planning to buy a home in the next six months is virtually the same as it was back...

[vc_row][vc_column][vc_column_text]Median rental prices have reached their highest point ever recorded in many areas across the country. Rent payments rose by 8.1% from the same time last year. Beyond recovering to pre-pandemic levels, rents across the country are surging.   Typically, rents fluctuate less than 1% from month to month, but in May and June, rents increased by 3.0% and 3.2%. Meaning if you’re a renter concerned about rising prices, now may be...

[vc_row][vc_column][vc_column_text]With forbearance plans coming to an end, many are concerned the housing market will experience a surge of foreclosures like what happened after the housing bubble in 2008. Here are a few reasons why that won't happen…   The current market can take any listings new to the market   When foreclosures hit the market in 2008, there was an excess supply of homes for sale. In 2008, there...

With today's low mortgage rates, buyers can get more home for their money. Although, in the current market the biggest hurdle is a lack of inventory. Like you, many buyers want to capitalize on these market conditions, but this is leading to more buyer competition and bidding wars. With that being said, if you're having a hard time finding a home to buy, it may be time...