What Does Rising Inflation Mean for Real Estate? Not only have high winds been relentless this month, but the winds of change may also be upon us. Anyone not living under a rock has probably noticed higher prices for gas, groceries, and just about everything else. Although the inflation rate was already rising at the… [Read More]
Market Trends Report | APR. ’22📺
With a significant increase in month-end active and new listings hitting the market, a slight seasonal shift will positively impact buyers who have started to feel fatigued in the residential market. At the same time, current homeowners continue their unprecedented growth in equity. With a historically high average sales price of $705,812 and increased interest… [Read More]
MAR/APR 2022 NEWSLETTER 🎙️
REAL ESTATE NEWS FROM ECCENTRIC BILLIONAIRE TO MINIMALIST WOULD-BE ASTRONAUT Shortly after the onset of the pandemic, the panic had many people scrambling to buy as much property as possible. Housing inventory was already low in many areas when the global crisis began, and prices were steadily rising. As a result, some buyers were facing… [Read More]
Factors That Impact Affordability👌
You can’t read an article about residential real estate without the author mentioning the affordability challenges that today’s buyers face. No doubt homes are less affordable today than they were over the last two years, but that doesn’t mean homes are now unaffordable. Three measures are used to establish home affordability: home prices, mortgage rates,… [Read More]
FEB/MAR 2022 NEWSLETTER 🎙️
REAL ESTATE NEWS Many people feel the pressures of this housing market and rising costs of living. There has been a lot of competition for homes, even in the luxury price segment of the market. Please take a look at our Market Snapshot in this newsletter. At the end of January, Inventory was meager at… [Read More]
The Path To Homeownership 🏡
As we celebrate Black History Month, we honor and recognize Black Americans’ past and present experiences. A significant part of this experience is investing in a home of their own. Unfortunately, while equitable access to housing has come a long way, the path to homeownership is still steeper for households of color. So it’s a… [Read More]
It’s a Good Time To Sell 💰🏡
In today’s sellers’ market, many homeowners are weighing their options and trying to decide if they should sell their houses. If you’re in that group, you may be balancing things like the ongoing health crisis, rising mortgage rates, and your changing needs to determine your best time to make a move. However, recent data… [Read More]
Opportunities for Sellers 🏠💰
If you’re thinking about selling your house in 2022, you truly have a once-in-a-lifetime opportunity at your fingertips. When selling anything, you always hope for solid demand for the item coupled with a limited supply. That maximizes your leverage when you’re negotiating the sale. Home sellers are in that exact situation right now. Here’s why. Demand Is Very… [Read More]
Thinking About Climate Change? 🌐
Americans are more aware than ever of climate change and natural disasters in their homes. According to a report from realtor.com: “More than 3 in 4 recent buyers, 78%, took [natural disasters] into account when choosing the locations of their homes, . . .” The study also found that many existing homeowners (34%) have already considered selling their… [Read More]
Pre-approval Is The Key in 2022 👌
You may have heard that it’s essential to get pre-approved for a mortgage at the beginning of the homebuying process, but what does that mean, and why is it so important? Especially in today’s market, with rising home prices and high buyer competition, it’s crucial to have a pre-approval letter before making an offer. Here’s why. Being intentional and competitive… [Read More]