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Current Market The Importance of Proper Pricing in Today’s Real Estate Market In today’s evolving real estate landscape, pricing your home correctly has never been more crucial. A recent Redfin report highlights some concerning trends that sellers need to be aware of: Stale Listings on the Rise: As of June 2024, nearly 65% of home listings have been on the market for over 30 days, up from […]
Current Market Proposed Rent Cap: Why It Falls Short and How Renters Can Pivot to Homeownership The article “Biden’s Rent Cap Plan Is ‘Harmful,’ Housing Groups Say” from REALTOR Magazine discusses a recent proposal by the Biden administration to cap rent increases on certain federally backed rental housing. Proposed Cap Plan: The administration aims to limit rent increases to 10% annually on properties with mortgages backed by Freddie Mac and Fannie […]
Navigating Today’s Real Estate Market: Why I’m Here for You As your dedicated real estate agent, I want to address the challenges we’re facing in the current market and reassure you that I’m here to guide you through these uncertain times. Despite the difficulties, I’m committed to serving you and continuously improving my skills to provide the best possible service. According to the National Association […]
Why Proper Home Pricing is Crucial in Today’s Market: Insights from a Real Estate Professional As a real estate agent, one of the most challenging aspects I see homeowners face is pricing their property correctly. Recent market data underscores just how critical this task is, and why partnering with an experienced real estate professional can make all the difference. The current market is showing clear signs of a pricing imbalance. […]
No Need to Worry – Today’s Rising Foreclosures Are Not a Crisis If you’ve seen the recent headlines about foreclosures increasing in the housing market, you might be getting flashbacks to the mortgage crisis of 2008 and feeling concerned. However, the data tells a different story than those alarming headlines would suggest. Despite the media portraying it as dramatic, the reality is that today’s foreclosure increase is […]
Are We Still Asking the ‘Housing Crash’ Question??? Maintaining a positive mindset in the face of daily challenges is crucial for me, and that’s why I steer clear of the news when it comes to the state of the world, my business, and myself. Perhaps that is why I am surprised the question about the possibility of another housing crash seems to linger. […]
Home Buying Why ‘Timing the Market’ May Not Be The Best Idea Although the Fed did not “cooperate” and cut rates as soon as hoped this year, those rate cuts are still projected. We are seeing buyers getting back into the market and expect a FLOOD of buyers once these lower rates hit, and you know what that means, right? With the current low inventory (just under […]
Home Equity Can Be a Game Changer When You Sell Article from Keeping Current Matters, 2/8/24 Are you on the fence about selling your house? While affordability is improving this year, it’s still tight. And that may be on your mind. But understanding your home equity could be the key to making your decision easier. An article from Bankrate explains: “Home equity is the difference between your home’s value and […]
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Why Mortgage Rates Could Continue to Decline Check out this article from Keeping Current Matters (original link below): When you read about the housing market, you’ll probably come across some information about inflation or recent decisions made by the Federal Reserve (the Fed). But how do those two things impact you and your homebuying plans? Here’s what you need to know. The Federal Funds Rate Hikes Have […]
Current Market With these interest rates, is it a good time to buy my first house? Hey, this is Rob, Your Realtor, and today I want to address the question, “With these interest rates, is it a good time to buy my first house?” The short answer is YES and I’m about to tell you why. Today’s interest rate (September 12) of 7.12% for a 30-year, fixed rate mortgage and this […]
First Time Home Buyers Explaining Today’s Mortgage Rates 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. But, there’s one thing that’s historically a good indicator of what’ll happen with rates, and that’s the relationship between […]
How Changing Mortgage Rates Can Affect You The 30-year fixed mortgage rate has been bouncing between 6% and 7% this year. If you’ve been on the fence about whether to buy a home or not, it’s helpful to know exactly how a 1%, or even a 0.5%, mortgage rate shift affects your purchasing power. The chart below helps show the general relationship […]
Home Ownership What’s Ahead for Home Prices in 2023 Over the past year, home prices have been a widely debated topic. Some have said we’ll see a massive drop in prices and that this could be a repeat of 2008 – which hasn’t happened. Others have forecasted a real estate market that could see slight appreciation or depreciation depending on the area of the country. […]
Why You Shouldn’t Fear Today’s Foreclosure Headlines If you’ve seen recent headlines about foreclosures surging in the housing market, you’re certainly not alone. There’s no doubt, the stories in the media can be pretty confusing right now. They may even make you think twice about buying a home for fear that prices could crash. The reality is, the data shows a foreclosure crisis is […]
Current Market Record Share of U.S. Home Sellers Are Giving Concessions to Buyers 42 percent of all home sellers now offering concessions to homebuyers National property broker Redfin says U.S. home sellers gave concessions to buyers in 41.9% of home sales in the fourth quarter of 2022 — the highest share of any three-month period in Redfin’s historical records. That’s up from just over 30% in both the […]
What Experts Are Saying About the 2023 Housing Market If you’re thinking about buying or selling a home soon, you probably want to know what you can expect from the housing market this year. In 2022, the market underwent a major shift as economic uncertainty and higher mortgage rates reduced buyer demand, slowed the pace of home sales, and moderated home prices. But what about 2023? An article […]
What To Expect from the Housing Market in 2023 The 2022 housing market has been defined by two key things: inflation and rapidly rising mortgage rates. And in many ways, it’s put the market into a reset position. As the Federal Reserve (the Fed) made moves this year to try to lower inflation, mortgage rates more than doubled – something that’s never happened before in a calendar year. This […]
Why It May Be Time To Add Newly Built Homes to Your Search If you put a pause on your home search because you weren’t sure where you’d go once you sold your house, it might be a good time to get back into the market. If you’re willing to work with a trusted agent to consider a newly built home, you may have even more options and incentives […]
3 Trends That Are Good News for Today’s Homebuyers While higher mortgage rates are creating affordability challenges for homebuyers this year, there is some good news for those people still looking to buy a home. As the market has cooled this year, some of the intensity buyers faced during the peak frenzy of the pandemic has cooled too. Here are just a few trends that may benefit […]
3 Graphs Showing Why Today’s Housing Market Isn’t Like 2008 With all the headlines and talk in the media about the shift in the housing market, you might be thinking this is a housing bubble. It’s only natural for those thoughts to creep in that make you think it could be a repeat of what took place in 2008. But the good news is, there’s concrete data […]
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