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 major 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? An article from HousingWire offers this perspective: “The red-hot housing market of the past 2 ½ years was characterized by sub-three percent mortgage rates, … [Read more...]
What Buyers Need To Know About the Inventory of Homes Available for Sale
If you’re thinking about buying a home, you’re likely trying to juggle your needs, current mortgage rates, home prices, your schedule, and more to try to decide if you want to jump into the market. If this sounds like you, here’s one key factor that could help you with your decision: there are more homes for sale today than there were at this time last year. According to Calculated Risk, for the week ending in November 18th, there were 47.7% more homes available for sale than there were at … [Read more...]
Downsizing for seniors
These days, more and more seniors are looking to downsize their homes in search of something more affordable and easier to maintain. Many seniors look around in their sixties, seventies, or beyond and realize that their house is too big, full of clutter, expensive to live in, tiring to take care of, or isolated. The solution to these problems is often to downsize by moving to a smaller home, moving in with a relative, or moving into a residential community designed for seniors. Downsizing is … [Read more...]
Why It May Be Time To Add Newly Built Homes to Your Search
If you put a pause on your home search because you weren’t sure where you’d go once you sold your house, it might be a good time to get back into the market. If you’re willing to work with a trusted agent to consider a newly built home, you may have even more options and incentives than you realize. That may be why the National Association of Home Builders (NAHB) says the share of buyers looking for new construction is increasing: “According to the quarterly Housing Trends Report, the … [Read more...]
May 2022 Warm Fuzzy
Here’s a story about baseball – and perspective: A 9 year old girl was overheard talking to herself as she marched through the backyard, wearing her baseball cap and toting a ball and bat. "I'm the greatest hitter in the world,” she loudly announced. Then she tossed the ball into the air, swung at it, and missed. “Strike one!” she yelled. Undaunted, she picked up the ball and said again even louder, “I’m the greatest hitter in the world!” She tossed the ball into the air. When it … [Read more...]
