Market Report: Janary 2023 Housingwire offers this perspective.… “The red-hot housing market of the past 2 ½ years was characterized by sub-three percent mortgage rates, fast-paced bidding wars and record-low inventory. But more recently, market conditions have done an about-face. . . . now is the opportunity for everyone to become re-educated about what a […]
The housing crash of 2008 left 9 million people out of a home due to foreclosure. This was, in part, due to relaxed lenders loaning too much money to people that couldn’t afford the payment. Thankfully now foreclosures are the lowest they have been since the MBA started tracking them in 1979! This is mainly […]
Market Report: November 2022 The market is not crazy. We need to stop using that term. The real estate market is complex and competitive. We needed home prices to cool off so we can get back to a normal price point. If you watched any of my videos I did warn you in the first […]
The market has shifted…and it’s not sitting well with some sellers. Should of , would have, could have. We can drive ourselves crazy thinking these thoughts. Let me tell you this. …appreciation has gone up 290% over the past 30 years! Your home is still worth more than what it was worth 2.5 years ago, […]
The market has shifted….and that’s a good thing! Do not get confused by the verbiage. Deceleration and Depreciation are two different things. Our market is showing deceleration which means that homes are still appreciating just at a much slower pace than this time last year. I noticed the shift with my buyers and sellers in […]
Market Report: August 2022 Demand for our area remains high, but we are seeing a deceleration in the housing market. What does that look like? There are three reasons why it’s still a great time to buy in a shifting market. 1.) Less multiple offers to compete with. In April sellers were seeing 5 […]
Demand for our area remains high, but we are seeing a deceleration in the housing market. What does that look like? The outcomes of recent contracts prove that we are at a turning point. The four homes my clients have under contract saw fewer showings and less multiple offers, sellers paid for buyers home warranties […]
Market Report: JUNE 2022 Demand for our area remains high, but we are seeing a deceleration in the housing market. The news can be daunting but I follow some of the leading experts in economics, banking and real estate and the market shift is not as scary as the news makes it out to be. […]
Market Report: May 2022 Demand for our area remains high, and it’s having a positive effect on prices. National data shows that home sales have been on the rise since January which means more options for buyers in the low inventory market. According to Realtor.com the growth is expected to continue. Despite rising prices, homes […]
Market Report: Demand for our area remains high, and it’s having a positive effect on prices. As much as buyers want to check all the boxes when buying a home, some are realizing that they may have to do without some things. Buying new construction and closing in 5 months have agents and their buyers […]
