[vc_row][vc_column][vc_column_text]Many are concerned the housing market will experience a wave of foreclosures similar to what happened after the housing bubble 15 years ago with forbearance plans coming to an end. Here few reasons why you shouldn’t worry about that happening again. Most mortgages in forbearance have enough equity to sell their homes Due to rapidly rising home prices over the last two years, of the 1.22 million...
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[vc_row][vc_column][vc_column_text]Serious buyers are more motivated than ever to find a home before the end of the year as mortgage rates climb above 3% for the first time in months. Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), puts it best, saying: “Housing demand remains strong as buyers likely want to secure a home before mortgage rates increase even further next year.” But the sense of urgency they feel is complicated by...
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[vc_row][vc_column][vc_column_text]When demand for an item is high, prices rise. When the supply of the item increases, prices fall. That's what we call the law of supply and demand. When demand is very high and supply is very low, prices can rise significantly. This explains what’s going on in our current market. Understanding the impact both supply and demand have can provide the answers to a few...
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[vc_row][vc_column][vc_column_text]While we’re still seeing a low supply of homes for sale today, the number of newly built homes is steadily increasing. If you’ve been holding off on selling because you weren’t sure you’d be able to find a home to move into, newly built homes and those under construction can provide the options you’ve been waiting for. The latest Census data shows the inventory of new homes is increasing this...
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[vc_row][vc_column][vc_column_text]If you're looking to buy or sell a house, you've probably heard some chatter about the rising home prices in today’s market. And while this increase in home values is great news for sellers, you may be wondering what the real estate market will look like in the near future. Will prices fall or should you expect them to rise? It's important to note home prices have...
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[vc_row][vc_column][vc_column_text]There are multiple reasons why Americans opt for purchasing a home instead of renting. Some of the most common non-financial reasons include having the flexibility to make the space your own, the pride homeownership offers and a sense of stability. A large number of Americans would rather own a home than rent because of the unique way homeownership builds wealth over time as well. And experts agree – the home you own...
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[vc_row][vc_column][vc_column_text]Even in today’s market where homes are selling incredibly quickly, it’s still important to make a good first impression on potential buyers. By prepping your house appropriately, you can be sure you will bring in the greatest return on your investment. Here are four simple tips to help you maximize the sale of your home this fall...
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[vc_row][vc_column][vc_column_text]In today’s sellers' market, it can be tempting to list your house on your own without the help of an agent. This is known as For Sale By Owner (FSBO), but if you're looking to maximize your sale and minimize your effort, you need to work with a real estate professional who can save you time and money by managing every step of the process. Before...
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[vc_row][vc_column][vc_column_text]In the current seller’s market, the harsh reality is that buyers shouldn't expect to be able to negotiate a lower sales price. Typically, in a normal market, buyers try to determine how much less than the asking price they can offer and still get the home. From there, the buyer and seller negotiate and meet somewhere in the middle. Unfortunately, things are different in today’s...
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[vc_row][vc_column][vc_column_text]If you're a homeowner who's decided your current house no longer fits your needs or a renter with the desire to buy a home, you may be planning on putting it off till there are better market conditions in place to purchase a home. To determine if you should buy now or wait, you need to ask yourself a few important questions… What will mortgage rates look...
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