If you’re a homeowner ready to move, you may consider 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, an investment that has recently gained popularity. According to a Harris Poll survey, 28% of homeowners have temporarily considered using a rental… [Read More]
Where Will You Go If You Sell?🤔
There are plenty of good reasons you might be ready to move. But, no matter your motivations, before you list your current house, you need to consider where you’ll go next. In today’s market, it makes sense to explore all your options. That includes both homes that have been lived in before and newly built… [Read More]
Don’t Fear Foreclosure Headlines
You’re certainly not alone if you’ve seen recent headlines about foreclosures surging in the housing market. 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. However, the data shows a foreclosure crisis is… [Read More]
3 Factors That Affect Home Affordability
If you’ve followed the housing market over the last couple of years, you’ve likely heard about growing affordability challenges. But according to experts, the key factors determining housing affordability are projected to improve this year. Selma Hepp, Executive, Deputy Chief Economist at CoreLogic, shares: “. . . with slowly improving affordability and a more optimistic economic… [Read More]
JAN 2023/FEB 2023 NEWSLETTER 🎙️
REAL ESTATE NEWS A Mega Mansion Right in Colorado To seek out local real estate news that is not super depressing (the media sensationalizes any change in the market), here is a story about a too-good-to-be-accurate listing right in our backyard — Evergreen, Colorado. We have reported on some extravagant listings nationally, but there is… [Read More]
Want To Sell Your House? Price It Right.
Last year, the housing market slowed down in response to higher mortgage rates, which impacted home prices. So if you’re considering selling your house soon, you’ll want to adjust your expectations accordingly. As realtor.com explains: “. . . some of the more prominent pandemic trends have changed, so sellers might wish to adjust accordingly to get the… [Read More]
2023 Pre-Approval: What to Know
One of the first steps in your home-buying journey is getting pre-approved. To understand why it’s such an important step, you need to understand what pre-approval is and what it does for you. Business Insider explains: “In a preapproval [sic], the lender tells you which types of loans you may be eligible to take out, how much… [Read More]
Have Home Values Hit Bottom?
Whether you’re already a homeowner or looking to become one, the recent headlines about home prices may leave you with more questions than answers. First, news stories are talking about home prices falling, raising concerns about a repeat of what happened to prices in the crash in 2008. Based on those headlines, one of the… [Read More]
Housing Market during Past Recessions
It doesn’t matter if you’re someone who closely follows the economy or not; chances are you’ve heard whispers of an upcoming recession. But, of course, a broad range of factors determines economic conditions, so rather than explaining each in-depth, let’s lean on the experts and what history tells us to see what could lie ahead…. [Read More]
Is It Time To Sell Your Second Home?
During the pandemic, second homes became popular because of the rise in work-from-home flexibility. That’s because owning a second home, especially in the luxury market, allowed those homeowners to spend more time in their favorite places or with different home features. Keep in mind a luxury home isn’t only defined by price. In a recent… [Read More]