The Benefits of Selling Now, According to Experts
If you’re trying to decide if now’s the time to sell your house, here’s what you should know. The limited number of homes available right now gives you a big advantage. That’s because there are more buyers out there than there are homes for sale. And, with so few homes on the market, buyers will […]
Why Buyers Need an Expert Agent by Their Side
The process of buying a home can feel a bit intimidating, even under normal circumstances. But today’s market is still anything but normal. There continues to be a very limited number of homes for sale, and that’s creating bidding wars and driving home prices back up as buyers compete over the available homes. Navigating all […]
It May Be Time To Consider a Newly Built Home
If you’re looking to buy a house, you may find today’s limited supply of homes available for sale challenging. When housing inventory is as low as it is right now, it can feel like a bit of an uphill battle to find the perfect home for you because there just isn’t that much to choose […]
How Homeowners Win When They Downsize
Downsizing has long been a popular option when homeowners reach retirement age. But there are plenty of other life changes that could make downsizing worthwhile. Homeowners who have experienced a change in their lives or no longer feel like their house fits their needs may benefit from downsizing too. U.S. News explains: “Downsizing is somewhat […]
Beyond Mortgage Rates: The 3 Surprising Factors Shaping Home Affordability Today
The current state of home affordability is not just based on mortgage rates, but also on home prices and wages. Although mortgage rates have climbed since their pandemic-era record lows, they have remained relatively stable for the past eight months, hovering between 6% and 7%. Home prices, on the other hand, have varied by market, with some areas seeing slight declines while others continue to climb. However, rising wages are currently the most positive factor in affordability, as higher income reduces the percentage of one’s paycheck needed to cover monthly housing costs. To get a better understanding of how these factors work together in your local market, it’s best to consult with a trusted real estate agent.