October is filled with frightful tales of ghosts and graveyards, but nothing is as scary to a home buyer as the regrets that arise after they creep across the threshold of their new home. Home buying can be a whirlwind, especially in the current market. Many buyers are desperately searching for a home, for months…
Interest Rate Hikes Lead to Questions With yesterday’s news that the Federal Reserve (aka the Fed) may raise interest rates again, many homebuyers may be considering what their next move is. Do they continue to house hunt? Is now still the right time to buy a home? Should they leap at the next house that…
As 2022 comes to a close and we sit back to reflect on the ups and downs of this year’s housing market, we can’t help but wonder what’s in store for 2023. According to several articles and predictions we’ve browsed, 2023 could be tough for both buyers and sellers. A recent article posted on Bankrate…
Note: This article by Lawrence Yun has been reprinted from the Spring 2022 issue of Realtor Magazine, with permission of the National Association of REALTORS®. Calmer Market Ahead Expect some easing in sales, though prices will continue to inch higher By Lawrence Yun (originally printed in the Spring 2022 issue of Realtor Magazine) The…
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…
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…
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…
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…
Today, we are announcing an exciting new way to connect with Laffely Real Estate Associates on the go. We’ve partnered with HomeStack, a real estate mobile app builder, to create the Laffely Real Estate Associates App. By downloading the app, you can create personalized property searches. It also gives users access to our office and…
