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]
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]
Current Market vs 15 Years Ago🏡
Undoubtedly, today’s housing market is very different from the frantic one from the past couple of years. In the second half of 2022, there was a dramatic shift in real estate, and it caused many people to make comparisons to the 2008 housing crisis. However, while there may be a few similarities, there are significant… [Read More]
Insights on 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 significant 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? … [Read More]
Market Trends Report | JAN. ’23📺
The number of new homes that entered the market in December decreased from November by 35.19 percent. Typically, the market sees a seasonal decline in new listings as sellers pull back to focus their time and energy on the holidays. However, throughout the year, inventory has gradually increased, resulting in homes staying on the market… [Read More]
Housing Market Expectations 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…. [Read More]