The National Association of Realtors (NAR) is set to release its most recent Existing Home Sales (EHS) report tomorrow. This monthly release provides information on the volume of sales and price trends for previously owned homes. In the upcoming release, it’ll likely say home prices are down. This may seem confusing, especially if you’ve been following along and… [Read More]
Equity: Home Selling Game Changer
If you’re a homeowner, you might be torn on whether or not to sell your house right now. Maybe that’s because you don’t want to take on a higher mortgage rate on your next home. If that’s your biggest hurdle, understanding your equity may be what you need to help you feel more comfortable making your… [Read More]
Don’t Expect a Flood of Foreclosures
The rising cost of almost everything from groceries to gas right now leads to speculation that more people won’t be able to afford their mortgage payments. And that’s creating concern that many foreclosures are on the horizon. While it’s true that foreclosure filings have gone up a bit compared to last year, experts say a… [Read More]
Optimize Late Summer/Fall Home Sale
Are you planning to sell your home in late summer or fall? We’ve covered you with essential advice to enhance your chances of a successful sale. Discover the top five expert tips to set your property apart and maximize its appeal during this transitional period. Embrace the Seasonal Allure: As the weather cools, capitalize on… [Read More]
About 11,000 Houses Will Sell Today
Some homeowners have been waiting months to sell their houses because they don’t think people are buying homes. If that’s you, know that even though the housing market has slowed compared to the frenzy of a couple of years ago, it isn’t at a standstill. Contrary to your belief, buyers are still active, and many homes sell. According to… [Read More]
Most Asked Mortgage Questions
Are you dreaming of buying your perfect home, but the complexities of mortgages overwhelm you? Fear not! This comprehensive guide provides expert answers to the most common mortgage questions. Let’s dive right in! What is a mortgage? A mortgage is a long-term loan from a financial institution (bank, credit union) to help you buy a… [Read More]
Mastering Home Pricing Today
While this isn’t the fierce market, we saw during the ‘unicorn’ years, homes priced right are still selling quickly and are seeing multiple offers. That’s because the number of homes for sale is still so low. Data from the National Association of Realtors (NAR) shows 76% of homes sold within a month, and the average saw 3.5 offers in… [Read More]
Active Homebuyers Defy Usual Trends
Even though the housing market is no longer experiencing the frenzy that was so characteristic of the last couple of years, it doesn’t mean today’s market is at a standstill. In actuality, buyer traffic is still heavy today. The ShowingTime Showing Index measures how much buyers are touring homes. The graph below uses that index to illustrate… [Read More]
Home Prices Are Rebounding
If you’re following the news today, you may feel a bit unsure about what’s happening with home prices and fear whether or not the worst is yet to come. That’s because today’s headlines are painting an unnecessarily negative picture. If we take a year-over-year view, home prices did drop some, but that’s because we’re comparing to a… [Read More]
Rent or Sell Your House?
If you’re a homeowner ready to move, 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, and they’re an investment that’s gained popularity in recent years. While a short-term rental can be tempting, you may find the… [Read More]