As mortgage rates rose last year, activity in the housing market slowed down. And as a result, homes started seeing fewer offers and stayed on the market longer. That meant some homeowners decided to press pause on selling.
http://dlvr.it/ShjvbC
Keeping it "Real" Estate is a blog designed
Tuesday, January 31, 2023
Monday, January 30, 2023
Where Will You Go If You Sell? You Have Options.
There are plenty of good reasons you might be ready to move. No matter your motivations, before you list your current house, you need to consider where you’ll go next.
http://dlvr.it/Shg22P
http://dlvr.it/Shg22P
Friday, January 27, 2023
Homeownership Builds Your Wealth over Time [INFOGRAPHIC]
Some Highlights
* If you’re thinking of buying a home this year, be sure to factor in the long-term benefits of homeownership.
* On average, nationwide, home prices appreciated by 288.7% over the last 32 years. That means homeowners grow their net worth significantly in the long term.
http://dlvr.it/ShXCbt
http://dlvr.it/ShXCbt
Thursday, January 26, 2023
Why It Makes Sense To Move Before Spring
Spring is usually the busiest season in the housing market. Many buyers wait until then to make their move, believing it’s the best time to find a home. However, that isn’t always the case when you factor in the competition you could face with other buyers at that time of year. If you’re ready to buy a home, here’s why it makes sense to move before the spring market picks up.
http://dlvr.it/ShTLJL
http://dlvr.it/ShTLJL
Wednesday, January 25, 2023
Why You Shouldn’t Fear Today’s Foreclosure Headlines
If you’ve seen recent headlines about foreclosures surging in the housing market, you’re certainly not alone. There’s no doubt, the stories in the media can be pretty confusing right now. They may even make you think twice about buying a home for fear that prices could crash. The reality is, the data shows a foreclosure crisis is not where the market is headed, and understanding what that really means is mission critical if you want to know the truth about what’s happening today. Here’s a deeper look.
http://dlvr.it/ShQSbC
http://dlvr.it/ShQSbC
Tuesday, January 24, 2023
The 3 Factors That Affect Home Affordability
If you’ve been following the housing market over the last couple of years, you’ve likely heard about growing affordability challenges. But according to experts, the key factors that determine housing affordability are projected to improve this year. Selma Hepp, Executive, Deputy Chief Economist at CoreLogic, shares:
http://dlvr.it/ShMYXM
http://dlvr.it/ShMYXM
Monday, January 23, 2023
Want To Sell Your House? Price It Right.
Last year, the housing market slowed down in response to higher mortgage rates, and that had an impact on home prices. If you’re thinking of selling your house soon, that means you’ll want to adjust your expectations accordingly. As realtor.com explains:
http://dlvr.it/ShJjXJ
http://dlvr.it/ShJjXJ
Friday, January 20, 2023
What’s Really Happening with Home Prices? [INFOGRAPHIC]
Some Highlights
* If you’re thinking about selling your house, recent headlines about home prices falling month-over-month may have you second guessing your decision—but perspective matters.
* While home prices are down slightly month-over-month in some markets, home values are still up almost 10% nationally on a year-over-year basis. A nearly 10% gain is still dramatic compared to the more normal level of appreciation, which is 3-4%.
http://dlvr.it/ShB0Fm
http://dlvr.it/ShB0Fm
Thursday, January 19, 2023
A Majority of Consumers Say It’s a Good Time To Sell Your House
If you’re a homeowner thinking about selling your house, you’re probably looking for the best time to make your move. That means you’re likely balancing a number of factors, like your changing needs, where you’ll go when you sell, and today’s mortgage rates in order to time it just right.
http://dlvr.it/Sh8KXv
http://dlvr.it/Sh8KXv
Pre-Approval in 2023: What You Need To Know
One of the first steps in your homebuying journey is getting pre-approved. To understand why it’s such an important step, you need to understand what pre-approval is and what it does for you. Business Insider explains:
http://dlvr.it/Sh71cH
http://dlvr.it/Sh71cH
Wednesday, January 18, 2023
Have Home Values Hit Bottom?
Whether you’re already a homeowner or you’re looking to become one, the recent headlines about home prices may leave you with more questions than answers. News stories are talking about home prices falling, and that’s raising concerns about a repeat of what happened to prices in the crash in 2008.
http://dlvr.it/Sh42Rf
http://dlvr.it/Sh42Rf
Tuesday, January 17, 2023
Think Twice Before Waiting for 3% Mortgage Rates
Last year, the Federal Reserve took action to try to bring down inflation. In response to those efforts, mortgage rates jumped up rapidly from the record lows we saw in 2021, peaking at just over 7% last October. Hopeful buyers experienced a hit to their purchasing power as a result, and some decided to press pause on their plans.
http://dlvr.it/Sh12j1
http://dlvr.it/Sh12j1
Monday, January 16, 2023
What Past Recessions Tell Us About the Housing Market
It doesn’t matter if you’re someone who closely follows the economy or not, chances are you’ve heard whispers of an upcoming recession. Economic conditions are determined by a broad range of factors, so rather than explaining them each in depth, let’s lean on the experts and what history tells us to see what could lie ahead. As Greg McBride, Chief Financial Analyst at Bankrate, says:
http://dlvr.it/SgyFrJ
http://dlvr.it/SgyFrJ
Friday, January 13, 2023
Thursday, January 12, 2023
Is It Time To Sell Your Second Home?
During the pandemic, second homes became popular because of the rise in work-from-home flexibility. That’s because owning a second home, especially in the luxury market, allowed those homeowners to spend more time in their favorite places or with different home features. Keep in mind, a luxury home isn’t only defined by price. In a recent article, Investopedia shares additional factors that push a home into this category: location, such as a home on the water or in a desirable city, and features, the things that make the home itself feel luxurious.
http://dlvr.it/Sgmc2k
http://dlvr.it/Sgmc2k
Wednesday, January 11, 2023
Today’s Housing Market Is Nothing Like 15 Years Ago
There’s no doubt today’s housing market is very different than the frenzied one from the past couple of years. In the second half of 2022, there was a dramatic shift in real estate, and it caused many people to make comparisons to the 2008 housing crisis. While there may be a few similarities, when looking at key variables now compared to the last housing cycle, there are significant differences.
http://dlvr.it/SgjjXj
http://dlvr.it/SgjjXj
Tuesday, January 10, 2023
The Truth About Negative Home Equity Headlines
Home equity has been a hot topic in real estate news lately. And if you’ve been following along, you may have heard there’s a growing number of homeowners with negative equity. But don’t let those headlines scare you.
http://dlvr.it/SgfpGx
http://dlvr.it/SgfpGx
Monday, January 9, 2023
What Experts Are Saying About the 2023 Housing Market
If you’re thinking about buying or selling a home soon, you probably want to know what you can expect from the housing market this year. In 2022, the market underwent a major shift as economic uncertainty and higher mortgage rates reduced buyer demand, slowed the pace of home sales, and moderated home prices. But what about 2023?
http://dlvr.it/Sgby0w
http://dlvr.it/Sgby0w
Saturday, January 7, 2023
Friday, January 6, 2023
Tips To Reach Your Homebuying Goals in 2023 [INFOGRAPHIC]
Some Highlights
* If you’re planning to buy a home in 2023, here are a few things to focus on.
* Work on your credit and save for a down payment. If saving feels like a challenge, there’s help available. Then, get pre-approved, create a list of desired features, and prioritize them.
* Reach out to a real estate professional so you have expert advice on how to reach your homebuying goals this year.
http://dlvr.it/SgTNN1
http://dlvr.it/SgTNN1
Thursday, January 5, 2023
3 Best Practices for Selling Your House This Year
A new year brings with it the opportunity for new experiences. If that resonates with you because you’re considering making a move, you’re likely juggling a mix of excitement over your next home and a sense of attachment to your current one.
A gre...
http://dlvr.it/SgPpkQ
http://dlvr.it/SgPpkQ
Wednesday, January 4, 2023
Avoid the Rental Trap in 2023
If you’re a renter, you likely face an important decision every year: renew your current lease, start a new one, or buy a home. This year is no different. But before you dive too deeply into your options, it helps to understand the true costs of renting moving forward.
http://dlvr.it/SgMKWf
http://dlvr.it/SgMKWf
Tuesday, January 3, 2023
What To Expect From the Housing Market in 2023
The 2022 housing market has been defined by two key things: inflation and rapidly rising mortgage rates. And in many ways, it's put the market into a reset position.
http://dlvr.it/SgKfMz
http://dlvr.it/SgKfMz
Wondering How Much You Need To Save for a Down Payment?
If you’re getting ready to buy your first home, you’re likely focused on saving up for everything that purchase involves. One cost that’s likely top of mind is your down payment. But don’t let a common misconception about how much you need to save make the process harder than it could be. Understand 20% Isn’t […]
http://dlvr.it/SgJl7r
http://dlvr.it/SgJl7r
Monday, January 2, 2023
What Are Your Goals in the Housing Market This Year?
If buying or selling a home is part of your dreams for 2023, it’s essential for you to understand today’s housing market, define your goals, and work with industry experts to bring your homeownership vision for the new year into focus. In the last year, high inflation had a big impact on the economy, the […]
http://dlvr.it/SgGC8B
http://dlvr.it/SgGC8B
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The Down Payment Assistance You Didn’t Know About
Believe it or not, almost 80% of first-time homebuyers qualify for down payment assistance, but only 13% actually use it. http://dlvr.it/...
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Every seller wants to get their house sold quickly, for as much money as they can, with as few headaches as possible. http://dlvr.it/TDZYG...
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If you’ve been hesitant to list your house because you’re worried no one’s buying, here’s your sign it may be time to talk with an agent. ...