Shifting Market Dynamics: What You Need to Know About the Housing Market If you’ve been tracking the housing market in recent years, you’ve likely noticed that sellers have held the upper hand. However, with the growing inventory of homes, could the tide be turning? Let’s break down the essentials. Understanding
Looking ahead to 2025, understanding expert predictions for the housing market is crucial. Whether you’re planning to buy or sell a home, having a clear understanding of these forecasts can help you make informed decisions for your homeownership journey. Here’s an early glimpse at the latest projections for mortgage rates,
As the Presidential election approaches, it’s natural to wonder what lies ahead. These unanswered questions can lead to worry and uncertainty, especially if you’re thinking about buying or selling a home. You might be curious about how the election could impact the housing market and whether it’s still a smart
There’s no denying that mortgage rates have significantly influenced housing affordability in recent years. However, there’s a glimmer of hope. Rates have started to decline, and recently, they reached their lowest level of 2024, as reported by Freddie Mac (refer to the graph below): If you’re considering buying a home,
Although the number of homes for sale varies depending on the local market, nationwide, inventory has increased by over 36% compared to last year. However, it’s still nearly 29% below the typical levels. So, what does this mean for you as a buyer? You’ll have a broader range of options
Ever heard the saying, “Don’t believe everything you hear”? This couldn’t be more true when it comes to navigating today’s housing market. With so much misinformation swirling around, it’s crucial to have a reliable source to guide you. By partnering with a real estate agent, you gain access to someone
“In today’s competitive housing market, many sellers are falling into a common trap: overpricing their homes. This costly mistake often results in properties lingering on the market without attracting offers. When a home sits unsold for too long, sellers are often forced to lower the asking price in an attempt
Selecting the right real estate agent can significantly impact your home buying or selling experience. But how do you find the best fit? Here are some tips to guide your decision as you choose your partner in this important process. Evaluate Their Reputation Begin by researching agents in your area,
What’s Happening with Mortgage Rates? Mortgage rates have been on a downward trend recently, which is promising news for your homebuying plans. However, it’s crucial to remember that rates are unpredictable and can fluctuate due to several influencing factors. Elements such as the state of the economy, the job market,
The housing market is undergoing a shift, and this fall presents three valuable opportunities for prospective buyers. First, there’s a growing inventory of homes available, giving you more options to choose from. Second, builders are eager to sell, making newly constructed homes more attainable than you might expect. Lastly, mortgage
