The housing market has undergone a lot of change recently, and much of that resulted from how quickly mortgage rates rose last year. Now, as we move through 2023, there are signs that things will finally turn around. Home price appreciation is slowing from the recent frenzy, mortgage rates are coming down, inflation is easing,… [Read More]
Should You Rent Your House or Sell It?
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]
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]
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]
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]