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A Look at Housing Supply and What It Means for Sellers

By |2021-07-27T03:00:10-07:00July 27th, 2021|Categories: For Sellers, Housing Market Updates, Move-Up Buyers, New Construction, Real Estate, Selling Myths|

One of the hottest topics of conversation in today’s real estate market is the shortage of available homes. Simply put, there are many more potential buyers than there are homes for sale. As a seller, you’ve likely heard that low supply is good news for you. It means your house will get more attention, and [...]

3 Charts That Show This Isn’t a Housing Bubble

By |2021-07-20T03:00:08-07:00July 20th, 2021|Categories: For Buyers, For Sellers, Housing Market Updates, New Construction, Pricing, Real Estate|

With home prices continuing to deliver double-digit increases, some are concerned we’re in a housing bubble like the one in 2006. However, a closer look at the market data indicates this is nothing like 2006 for three major reasons. 1. The housing market isn’t driven by risky mortgage loans. Back in 2006, nearly everyone could [...]

Home Builders Ramp Up Construction Based on Demand

By |2021-07-05T03:00:47-07:00July 5th, 2021|Categories: For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, New Construction, Real Estate|

If you’re thinking of buying a home, there really is no time like the present. With today’s low mortgage rates, you have a great opportunity to get more home for your money. The challenge is inventory. Like you, many buyers want to capitalize on these market conditions, and it’s leading to more buyer competition and [...]

Hope Is on the Horizon for Today’s Housing Shortage

By |2021-06-15T03:00:01-07:00June 15th, 2021|Categories: Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, New Construction, Real Estate|

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 inventory level below [...]

Patience Is the Key to Buying a Home This Year

By |2021-04-28T03:00:31-07:00April 28th, 2021|Categories: Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, New Construction, Real Estate|

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, and that number keeps [...]

Will the Housing Market Maintain Its Momentum?

By |2021-04-27T03:00:51-07:00April 27th, 2021|Categories: For Buyers, Housing Market Updates, New Construction, Real Estate|

Last week’s Existing Home Sales Report from the National Association of Realtors (NAR) shows sales have dropped by 3.7% compared to the month before. This is the second consecutive month that sales have slumped. Some see this as evidence that the red-hot real estate market may be cooling. However, there could also be a simple [...]

Latest Jobs Report: What Does It Mean for You & the Housing Market?

By |2021-04-07T03:00:59-07:00April 7th, 2021|Categories: For Buyers, For Sellers, Housing Market Updates, New Construction, Real Estate|

Last Friday, the Bureau of Labor Statistics released a very encouraging jobs report. The economy gained 916,000 jobs in March – well above expert projections of 650,000 to 675,000. The unemployment rate fell again and is now at 6%. What does this mean for you? Our lives are deeply impacted by our nation’s economy. The [...]

What Is the Strongest Tailwind to Today’s Recovering Economy?

By |2021-03-17T03:00:12-07:00March 17th, 2021|Categories: For Buyers, For Sellers, New Construction, Real Estate|

Last year started off with a bang. Unemployment was under 4%, forecasters were giddy with their projections for the economy, and the residential housing market had the strongest January and February activity in over a decade. Then came the announcement on March 11, 2020, from the World Health Organization declaring COVID-19 a worldwide pandemic. Two [...]

Will the Housing Market Bloom This Spring?

By |2021-03-11T04:00:11-07:00March 11th, 2021|Categories: For Buyers, For Sellers, Housing Market Updates, Interest Rates, New Construction, Pricing, Real Estate|

Spring is almost here, and many are wondering what it will bring for the housing market. Even though the pandemic continues on, it’s certain to be very different from the spring we experienced at this time last year. Here’s what a few industry experts have to say about the housing market and how it will [...]

Are There Going to Be More Homes to Buy This Year?

By |2021-02-25T04:00:36-07:00February 25th, 2021|Categories: Buying Myths, Distressed Properties, First Time Home Buyers, For Buyers, For Sellers, Foreclosures, Housing Market Updates, Move-Up Buyers, New Construction, Real Estate, Selling Myths|

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, inventory of [...]