Due to the rapid appreciation of real estate and a higher interest rate climate these days, everyone has an opinion about the real estate market- some good and some bad. The market is different today, but not in the ways most people think. Here are some questions our agents have been receiving along with our response.
Before you let anyone view your home or even know your home is for sale, it is a good idea to get your home ready for the market and for showings. This can be an expensive and time-consuming task. Some people in this world can keep their home in immaculate condition most of the time, but your typical homeowner has a hard time
Whether you’re already a homeowner or you’re looking to become one, the recent headlines about home prices may leave you with more questions than answers. News stories are talking about home prices falling, and that’s raising concerns about a repeat of what happened to prices in the crash in 2008. One of the questions that’s on many minds, based on … Read More
There is a lot talk about decreasing home prices, and while it might technically be true in some cases, it does not tell the whole story. What we are seeing in our area is a roll back from the height of March and April. Keep in mind, this is not universal. Several areas have seen no roll back on price whereas others are seeing prices come down anywhere from 5% to 10%. Look at the graph pictured here.
As the housing market cools in response to the dramatic rise in mortgage rates, home price appreciation is cooling as well. And if you’re following along with headlines in the media, you’re probably seeing a wide range of opinions calling for everything from falling home prices to ongoing appreciation. But what’s true? What’s most likely to happen moving forward? … Read More
You may be reading headlines and hearing talk about a potential housing bubble or a crash, but it’s important to understand that the data and expert opinions tell a different story. A recent survey from Pulsenomics asked over one hundred housing market experts and real estate economists if they believe the housing market is in a bubble. The results indicate most experts don’t think that’s the case
While you may have seen recent stories about the volume of foreclosures today, context is important. During the pandemic, many homeowners were able to pause their mortgage payments using the forbearance program. The goal was to help homeowners financially during the uncertainty created by the health crisis.
Over the course of 2021, we saw substantial changes to the real estate market. The low supply of homes for sale coupled with pent-up demand made buying a home a daunting task not only for the home buyer but for sellers as well. One out of every two homes sold for over asking price and in most cases with multiple offers. We found that many home buyers were losing out on multiple properties and in some cases they would get so discouraged that they decided to quit and leave the housing market all together.