The major challenge in today’s housing market is that there are more buyers looking to purchase than there are homes available to buy. Simply put, supply can’t keep up with demand. A normal market has a 6-month supply of homes for sale. Anything over that indicates it’s a buyers’ market, but an … [Read more...] about Hope Is on the Horizon for Today’s Housing Shortage
Buying Myths
In Today’s Market, Listing Prices Are Like an Auction’s Reserve Price
For generations, the process of buying and selling a home never really changed. A homeowner would try to estimate the market value of their house, then tack on a little extra to give themselves some negotiating room. That figure would become the listing price. Buyers would then try to determine how … [Read more...] about In Today’s Market, Listing Prices Are Like an Auction’s Reserve Price
Buying a Home Is Still Affordable
The last year has put emphasis on the importance of one’s home. As a result, some renters are making the jump into homeownership while some homeowners are re-evaluating their current house and considering a move to one that better fits their current lifestyle. Understanding how housing affordability … [Read more...] about Buying a Home Is Still Affordable
The Power of Mortgage Pre-Approval [INFOGRAPHIC]
Mortgage pre-approval means a lender has reviewed your finances and, based on factors like your income, debt, and credit history, determined how much you’re qualified to borrow. … [Read more...] about The Power of Mortgage Pre-Approval [INFOGRAPHIC]
Patience Is the Key to Buying a Home This Year
The question many homebuyers are facing this year is, “Why is it so hard to find a house?” We’re in the ultimate sellers’ market, which means real estate is ultra-competitive for buyers right now. The National Association of Realtors (NAR) notes homes are getting an average of 4.8 offers per sale, … [Read more...] about Patience Is the Key to Buying a Home This Year
2021 Real Estate Myth Buster [INFOGRAPHIC]
There are a lot of misconceptions about buying or selling a home today, making it challenging to know exactly how to navigate the current real estate landscape. … [Read more...] about 2021 Real Estate Myth Buster [INFOGRAPHIC]
Why You Should Think About Listing Prices Like an Auction’s Reserve Price
For generations, the homebuying process never really changed. The seller would try to estimate the market value of the home and tack on a little extra to give themselves some negotiating room. That figure would become the listing price of the house. Buyers would then try to determine how much less … [Read more...] about Why You Should Think About Listing Prices Like an Auction’s Reserve Price
How Upset Should You Be about 3% Mortgage Rates?
Last Thursday, Freddie Mac announced that their 30-year fixed mortgage rate was over 3% (3.02%) for the first time since last July. That news dominated real estate headlines that day and the next. Articles talked about the “negative impact” it may have on the housing market. However, we should … [Read more...] about How Upset Should You Be about 3% Mortgage Rates?
How Smart Is It to Buy a Home Today?
Whether you’re buying your first home or selling your current house, if your needs are changing and you think you need to move, the decision can be complicated. You may have to take personal or professional considerations into account, and only you can judge what impact those factors should have on … [Read more...] about How Smart Is It to Buy a Home Today?
Are There Going to Be More Homes to Buy This Year?
If you’re looking for a home to purchase right now and having trouble finding one, you’re not alone. At a time like this when there are so few houses for sale, it’s normal to wonder if you’ll actually find one to buy. According to the National Association of Realtors (NAR), across the country, … [Read more...] about Are There Going to Be More Homes to Buy This Year?
