What To Expect From the Housing Market in 2023
The 2022 housing market has been defined by two key things: inflation and rapidly rising mortgage rates. And in many ways, it’s put the market into a reset position. As the Federal Reserve (the Fed) made moves to try to lower inflation, mortgage rates more than doubled – something that’s never happened before in a calendar year. This […]
Ready To Sell? Today’s Housing Supply Gives You Two Opportunities
At first glance, the increase in housing supply compared to last year may not sound like good news for prospective sellers, but it actually gives you two key opportunities in today’s housing market. An article from Calculated Risk helps put the inventory gains the market has seen in 2022 into perspective by comparing it to recent years (see graph below). It […]
Key Advantages of Buying a Home Today
There’s no doubt buying a home today is different than it was over the past couple of years, and the shift in the market has led to advantages for buyers today. Right now, there are specific reasons that make this housing market attractive for those who’ve thought about buying but have sidelined their search due to rising […]
3 Key Factors Affecting Home Affordability Today
Every time there’s a news segment about the housing market, there’s a focus on the home affordability challenges buyers are facing today. Those headlines are usually focused on how much mortgage rates have climbed this year. And while it’s true rates have risen dramatically, it’s important to remember they aren’t the only factor in the […]
Perspective Matters When Selling Your House Today
Does the latest news about the housing market have you questioning whether or not selling your house today makes sense? If so, perspective is key. Here are some of the ways a trusted real estate professional like myself can explain the shift that’s happening today and why it’s still a sellers’ market even during the cooldown. […]
3 Tips for Buying a Home Today
If you put off your home search at any point over the past two years, you may want to consider picking it back up based on today’s housing market conditions. In recent blogs, we’ve talked about the housing market shift and how it’s creating new opportunities for homebuyers. Plus, recent data shows the supply of […]
The U.S. Homeownership Rate Is Growing
Homeownership has long been called the American Dream. Despite a challenging market over the last few years, the desire to own a home is still strong today. In fact, according to the Census, the U.S. homeownership rate is on the rise. In fact, Millennials and GenZ-ers are fueling the market well into the future. To […]
Why a Real Estate Professional Is Key When Selling Your House
With today’s real estate market moving as fast as it is, working with a real estate professional is more essential than ever. They have the skills, experience, and expertise it takes to navigate the highly detailed and involved process of selling a home. That may be why the percentage of people who list their houses […]
