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 ‘unicorn’ year when prices peaked well beyond the norm. To avoid an unfair comparison to that previous peak, we need to look at monthly data. And that tells a very … [Read more...]
Reasons Your Home May Not Be Selling
When it comes to selling your house, you want three things: to sell it for the most money you can, to do it in a certain amount of time, and to do all of that with the fewest hassles. And, while the current housing market is generally favorable to sellers due to today’s limited housing supply, there are still factors that can cause delays or even prevent a house from selling. If you're having trouble getting your house to sell in today's sellers’ market, here are a few things to think … [Read more...]
Two Questions To Ask Yourself if You’re Considering Buying a Home
If you’re thinking of buying a home, chances are you’re paying attention to just about everything you hear about the housing market. And you’re getting your information from a variety of channels: the news, social media, your real estate agent, conversations with friends and loved ones, overhearing someone chatting at the local supermarket, the list goes on and on. Most likely, home prices and mortgage rates are coming up a lot. To help cut through the noise and give you the information you … [Read more...]
Is Homeownership Still the American Dream?
Homeownership has been a symbol of the American Dream since the dawn of this great nation. Owning a home is a cherished aspiration of many Americans, representing stability, security, and financial well-being. As a nation, we take pride in our ability to achieve this dream. Owning a home is an investment of time, money, and resources. It is a decision that affects many aspects of our lives, from our daily routines to our long-term financial plans. But, in the current economic climate, is … [Read more...]
Home Values are Stabilizing: What that Means for Home Buyers and Sellers
The real estate market has been on a roller coaster ride in the past year. Prices skyrocketed during the pandemic as buyers searched for homes with more space and remote work capabilities. However, the situation quickly shifted and prices started to decline by last summer. But now, we have good news: home values are stabilizing and they are back on the rise. In this post, we'll look at what that means for home buyers and sellers. After reaching their peak last year, home prices have … [Read more...]
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