In today’s post we address mortgage rates, where they are headed and what this will mean for the real estate industry; particularly buyers, sellers and home prices. Mortgage rates were expected to rise in 2022. At an all-time low in 2021, many forecasted that mortgage rates would rise gradually and end this year in the…
Last weekend, clocks sprung forward which brings longer days and soon warmer temperatures. This can trigger feelings associated with Spring Fever. While patiently waiting for the season to officially spring, I find myself wanting to clean, organize and freshen up inside. That way, my family is ready to relax and have fun in the…
The biggest story in real estate hasn’t changed much over the past few months. Inventory of homes for sale remains low, while demand remains high. It doesn’t appear this tale is set for a plot twist anytime soon either. According to several recent blog posts since the turn of the year from Keeping Current…
The real estate market over the past few years – dare I say real estate’s COVID years – have been a lot of the same for all parties involved: record high home prices, lack of inventory and crazy bidding wars. All of this brings feelings of uncertainty and doubt for sellers and buyers, and…
As we enter the New Year, it’s a time for predictions. What will the 2022 real estate market look like? If you are planning on buying or selling this year, we know this question is top of mind. While no one can predict the future, it seems we may see some similarities to 2021.…
Homebuyers have had it rough over the past year, particularly in early 2021. With the prevailing market conditions favoring sellers, like low inventory and bidding wars, many are feeling discouraged about the home buying process. If you are one of those buyers, don’t give up on the search for your dream home just yet.…
If you live in a hot real estate market, the rumor mill is constantly spinning. Neighbors share stories about houses selling way over asking price, sight unseen! For sellers, these stories are encouraging but often misleading. Many of these home-sale tales are anomalies. Not every seller will see the same results; especially if they price…
There’s no denying we are still in a sellers’ market; and if market conditions remain steady, we will be for some time. However, there is a silver lining for homebuyers…inventory levels may be trending up. This can be a positive for both buyers and sellers, but means sellers will want to make sure their home…
Warmer temperatures mean summer is on the way. For many of us we are looking for any reason to be outside – either doing yard work, or relaxing and enjoying the fresh air. It’s not necessary to spend, spend, spend to create the outdoor oasis you have in mind. In fact, there are so many…
The current housing market has many buyers and potential buyers frustrated. As prices drive higher and inventory seems nonexistent, they are feeling like something has to give…this bubble has got to burst. According to the National Association of Realtors chief economist, Lawrence Yun, in a recent Axios.com story, we are not in a bubble. “It…
