[vc_row][vc_column][vc_column_text]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 are at a significant advantage. Here are three ways today’s low inventory will set you up for a win when you sell this season.   Greater Return on Your Investment   Rising prices mean homes are also gaining value, which increases the equity you have in your home.   In the...

[vc_row][vc_column][vc_column_text]Over the last year, we’ve seen a shift in what buyers are looking for in a home. Recently, the American Institute of Architects released their AIA Home Design Trends Survey results for Q3 2021. The survey showed that 70% of respondents want more outdoor living space, 69% of respondents want a home office (48% wanted multiple offices), 46% of respondents want a multi-function room/flexible space, 42% of respondents want...

[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...

[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...

[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...

[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...

[vc_row][vc_column][vc_column_text]What we’re seeing in today’s housing market is a result of low supply and high demand, making prices rise as a result of it. Home prices are appreciating at near-historic rates, and that's creating some trials when it comes to home appraisals.   In recent months, we’ve observed appraisals coming in below the contract price on the house. Shawn Telford, Chief Appraiser for CoreLogic, explained, “Recently, we observed...

[vc_row][vc_column][vc_column_text]Purchasing a home can feel intimidating for many young or first-time homebuyers. A recent survey found that homebuyers ages 25 to 40 may be uncertain about the homebuying process and what it entails. For example, 1 in 4 underestimated their buying potential by $150k or more and at least 47% don't know what a good interest rate is.   If you're interested in buying but aren't sure where to...

[vc_row][vc_column][vc_column_text]With home prices continuing to rise, some are concerned we’re in a housing bubble like the one in 2006. However, a closer look paints a completely different picture…here’s why.   Homeowners aren’t refinancing their homes   During the housing bubble in 2006, people were refinancing their homes and pulling out large sums of cash as home prices skyrocketed. As prices began to fall, that caused many to spiral into...

[vc_row][vc_column][vc_column_text]Last week, a Fannie Mae survey showed 77% of people believe it’s a “good time to sell.” This also confirms an increasing number of Americans who believe it’s a “bad time to buy” a home. While greater negativity has been expressed toward homebuying over the last few months, renters who say they are planning to buy a home in the next few years have demonstrated even more...