Lower Mortgage Rates Are Bringing Buyers Back to the Market As mortgage rates rose last year, activity in the housing market slowed down. And as a result, homes started seeing fewer offers and stayed on the market longer. That meant some homeowners decided to press pause on selling. Now, however, ...
Continue ReadingThe spring market has sprung and from what I am seeing, buyers are anxiously waiting more inventory to hit the market. Interest rates have calmed down a bit and now, buyers are ready to get back into home shopping, so I do anticipate a strong spring market in 2023. Our ...
Continue ReadingHere are the final numbers for our neighborhood real estate market. Despite the increase in interest rates, home prices remained steady through the end of 2022. We did see a shift in buyer activity and the market slowed significantly. But we are already seeing buyer demand creeping back up in ...
Continue Reading3 Best Practices for Selling Your House This Year A new year brings with it the opportunity for new experiences. If that resonates with you because you’re considering making a move, you’re likely juggling a mix of excitement over your next home and a sense of attachment to your current ...
Continue ReadingWhat 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 this year to try to lower ...
Continue Reading2023 will be here before you know it and we will all have plans to exercise and eat healthy. Before you get busy with your marathon training, let’s put some time on your calendar to talk about your moving plans for next year. In my opinion, it is never too ...
Continue ReadingHome Equity: A Source of Strength for Homeowners Today Experts agree there’s no chance of a large-scale foreclosure crisis like we saw back in 2008, and that’s good news for the housing market. As Mark Fleming, Chief Economist at First American, says: “. . . don’t expect a housing bust like the mid-2000s, ...
Continue ReadingDetailed Charts of the LOCO housing stats from September are here. Here is what you need to know. – Median Sales Price – there were no drastic price drops. Most areas are still above where we were this time last year and in the areas where prices are lower, it ...
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