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Housing Market Forecast for the Rest of 2023 [INFOGRAPHIC]

By |2023-08-04T03:30:00-07:00August 4th, 2023|Categories: For Buyers, For Sellers, Housing Market Updates, Infographics, Interest Rates, Pricing, Real Estate|

Some HighlightsWant to know what experts say will happen in the rest of 2023? Home prices are already appreciating again in many areas. The average of the expert forecasts shows positive price growth.Where mortgage rates go for the rest of the year will depend on inflation. Based on historical trends, rates are likely to ease [...]

Pricing Your House Right Still Matters Today

By |2023-07-31T03:30:00-07:00July 31st, 2023|Categories: For Sellers, Market Updates, Pricing, Real Estate|

While this isn’t the frenzied market we saw during the ‘unicorn’ years, homes that are priced right are still selling quickly and seeing multiple offers right now. That’s because the number of homes for sale is still so low. Data from the National Association of Realtors (NAR) shows 76% of homes sold within a month [...]

Don’t Fall for the Next Shocking Headlines About Home Prices

By |2023-07-25T03:30:00-07:00July 25th, 2023|Categories: Buying Myths, For Buyers, Housing Market Updates, Pricing, Real Estate|

If you’re thinking of buying or selling a home, one of the biggest questions you have right now is probably: what’s happening with home prices? And it’s no surprise you don’t have the clarity you need on that topic. Part of the issue is how headlines are talking about prices.They’re basing their negative news by [...]

Home Prices Are Rebounding

By |2023-07-17T03:30:00-07:00July 17th, 2023|Categories: Buying Myths, For Buyers, For Sellers, Pricing, Real Estate, Selling Myths|

If you’re following the news today, you may feel a bit unsure about what’s happening with home prices and fear whether or not the worst is yet to come. That’s because today’s headlines are painting an unnecessarily negative picture. If we take a year-over-year view, home prices did drop some, but that’s because we’re comparing to a ‘unicorn’ year [...]

Reasons Your Home May Not Be Selling

By |2023-07-10T03:30:00-07:00July 10th, 2023|Categories: For Sellers, Pricing, Real Estate|

When it comes to selling your house, you want three things: to sell it for the most money you can, to do it in a certain amount of time, and to do all of that with the fewest hassles. And, while the current housing market is generally favorable to sellers due to today’s limited housing [...]

Two Questions To Ask Yourself if You’re Considering Buying a Home

By |2023-07-05T03:30:00-07:00July 5th, 2023|Categories: Buying Myths, First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers, Pricing, Real Estate|

If you’re thinking of buying a home, chances are you’re paying attention to just about everything you hear about the housing market. And you’re getting your information from a variety of channels: the news, social media, your real estate agent, conversations with friends and loved ones, overhearing someone chatting at the local supermarket, the list [...]

Why Homeownership Wins in the Long Run

By |2023-06-27T03:30:00-07:00June 27th, 2023|Categories: First Time Home Buyers, For Buyers, Pricing, Real Estate, Rent vs. Buy|

Today’s higher mortgage rates, inflationary pressures, and concerns about a potential recession have some people questioning: should I still buy a home this year? While it’s true this year has unique challenges for homebuyers, it’s important to think about the long-term benefits of homeownership when making your decision.Consider this: if you know people who bought [...]

Why the Median Home Price Is Meaningless in Today’s Market

By |2023-06-20T03:30:00-07:00June 20th, 2023|Categories: For Buyers, For Sellers, Housing Market Updates, Pricing, Real Estate|

The National Association of Realtors (NAR) will release its latest Existing Home Sales (EHS) report later this week. This monthly report provides information on the sales volume and price trend for previously owned homes. In the upcoming release, it’ll likely say home prices are down. This may feel a bit confusing, especially if you’ve been [...]

How Owning a Home Grows Your Wealth with Time [INFOGRAPHIC]

By |2023-06-16T03:30:00-07:00June 16th, 2023|Categories: First Time Home Buyers, For Buyers, Infographics, Move-Up Buyers, Pricing, Real Estate|

Some HighlightsIf you’re thinking of buying a home this year, be sure to factor in the long-term benefits of homeownership.Over time, homeownership allows you to build equity. On average, nationwide home prices appreciated by 290.2% over the last 32 years.That means your net worth can grow significantly in the long term when you own a [...]

A Drop in Equity Doesn’t Mean Low Equity

By |2023-06-14T03:30:00-07:00June 14th, 2023|Categories: For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, Pricing, Real Estate|

You may see media coverage talking about a drop in homeowner equity. What’s important to understand is that equity is tied closely to home values. So, when home prices appreciate, you can expect equity to grow. And when home prices decline, equity does too. Here’s how this has played out recently. Home prices rose rapidly during [...]