Realtor Insights: Navigating the Current Real Estate Market Here are the key factors to consider in today’s real estate landscape: Cautious Buyers: Potential buyers are more careful with rising interest rates and economic uncertainty. They are waiting for their ideal home to become available before making significant moves. Slow Condo Market: The condo market, especially… [Read More]
Home Prices Didn’t Crash After All
During the fourth quarter of last year, many housing experts predicted home prices would crash this year. Here are a few of those forecasts: Jeremy Siegel, Russell E. Palmer Professor Emeritus of Finance at the Wharton School of Business: “I expect housing prices fall 10% to 15%, and the housing prices are accelerating on the downside.” Mark… [Read More]
The True Value of Homeownership
Buying and owning your home can make a big difference by bringing you joy and a sense of belonging. And with June being National Homeownership Month, it’s the perfect time to think about all the benefits homeownership provides. Of course, there are financial reasons to buy a house, but it’s essential to consider the non-financial benefits… [Read More]
First-Time Homebuyer Success Keys
Buying your first home is an exciting decision and a significant milestone that can change your life for the better. As a first-time homebuyer, it’s a vision you can bring to life, but, as the National Association of Realtors (NAR) shares, you’ll have to overcome some factors that have made it more challenging in recent years: “Since 2011,… [Read More]
Vacation Home vs Renting: Benefits
For many of us, visiting the same vacation spot every year is a summer tradition that’s fun, relaxing, and restful. If that sounds like you, now’s the time to consider your plans and determine if buying a vacation home this year makes more sense than renting one again. According to Forbes: “. . . if the idea of vacationing… [Read More]
Owning Home Shields Against Inflation
You’re probably feeling the impact of high inflation daily as prices have increased on groceries, gas, and more. If you’re a renter, you’re likely experiencing it a lot as your rent rises. Between all those elevated costs and uncertainty about a potential recession, you may wonder if it still makes sense to buy a home today…. [Read More]
Expert Agent: Essential for Homebuyers
Buying a home can be intimidating, especially in today’s atypical market. With a few homes for sale, bidding wars have become common, driving home prices as buyers fiercely compete for available properties. Navigating this can be daunting if you’re trying to do it alone. That’s why having a skilled expert to guide you through homebuying… [Read More]
Home Price News: Essential Insights
The National Association of Realtors (NAR) will release its latest Existing Home Sales Report tomorrow. Unfortunately, its information on home prices may confuse and even generate troubling headlines. This stems from NAR reporting the median sales price, while other home price indices report repeats sales prices. The vast majority of the repeat sales indices show prices are starting to… [Read More]
Leverage Home Equity Now
Even though home prices have moderated over the last year, many homeowners still have an incredible amount of equity. But what is equity? In the simplest terms, equity is the difference between the market value of your home and the amount you owe on your mortgage. The National Association of Realtors (NAR) explains how your equity grows over time: “Housing wealth… [Read More]
Consider New Construction Homes Today
If you’re looking to buy a house, you may find today’s limited supply of homes for sale challenging. When housing inventory is as low as it is right now, it can feel like an uphill battle to find the perfect home for you because there just isn’t much to choose from. If you need to open… [Read More]