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Uncategorized How Upset Should You Be about 3% Mortgage Rates? How Upset Should You Be about 3% Mortgage Rates? Last Thursday, Freddie Mac announced that their 30-year fixed mortgage rate was over 3% (3.02%) for the first time since last July. That news dominated real estate headlines that day and the next. Articles talked about the “negative impact” it may have on the housing market. However, we should […]
Uncategorized 5 Reasons to Sell Your House This Spring 5 Reasons to Sell Your House This Spring When selling a house, most homeowners hope for a quick and profitable transaction that puts them in a position to make a great move. If you’re waiting for the best time to win as a seller, the market is calling your name this spring. Here are five […]
Uncategorized 3 Must-Do’s When Selling Your House This Year 3 Must-Do’s When Selling Your House This Year It’s exciting to put a house on the market and to think about making new memories in new spaces. However, despite the anticipation of what’s to come, we can still have deep sentimental attachments to the home we’re leaving behind. Growing emotions can help or hinder a […]
Uncategorized Are Home Prices Headed Toward Bubble Territory? Are Home Prices Headed Toward Bubble Territory? Talk of a housing bubble is beginning to crop up as home prices have appreciated at a rapid pace this year. This is understandable since the appreciation of residential real estate is well above historic annual averages. According to the Federal Housing Finance Agency (FHFA), annual appreciation since 1991 has averaged 3.8%. […]
Uncategorized Homes Are More Affordable Right Now Than They Have Been in Years Homes Are More Affordable Right Now Than They Have Been in Years Today, home prices are appreciating. When we hear prices are going up, it’s normal to think a home will cost more as the trend continues. The way the housing market is positioned today, however, low mortgage rates are actually making homes more affordable, even as […]
Uncategorized Buyers: Are You Ready for a Bidding War? Buyers: Are You Ready for a Bidding War? With businesses reopening throughout the country and some experts indicating early signs of a much-anticipated economic recovery, more homebuyers are actively entering the housing market this summer. Today, housing is truly driving the U.S. economy forward. With so many buyers looking for homes to purchase and so few […]
Uncategorized Is it Time to Sell Your Vacation Home? Is it Time to Sell Your Vacation Home? The travel industry is one of the major sectors that’s been hit extremely hard by the COVID-19 pandemic. Today, it’s hard to know how long it will take for summer travelers to be back in action and for the industry to fully recover. Homeowners who rent their […]
Uncategorized 6 Reasons Why Selling Your House on Your Own Is a Mistake 6 Reasons Why Selling Your House on Your Own Is a Mistake There are many benefits to working with a real estate professional when selling your house. During challenging times like the one we face today, it becomes even more important to have an expert help guide you through the process. If you’re considering selling on your […]
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Uncategorized 2020 Homeowner Wish List  2020 Homeowner Wish List Some Highlights ·       In a recent study by realtor.com, homeowners noted some of the main things they would change about their homes to make them more livable. ·       Not surprisingly, more space, an updated kitchen, and a home gym rose to the top of the list. ·       If you’re thinking of selling this year, having […]
Uncategorized Will Home Values Appreciate or Depreciate in 2020? Will Home Values Appreciate or Depreciate in 2020? With the housing market staggered to some degree by the health crisis the country is currently facing, some potential purchasers are questioning whether home values will be impacted. The price of any item is determined by supply as well as the market’s demand for that item. Each […]
Uncategorized Unemployment: Hope on the Horizon Unemployment: Hope on the Horizon Tomorrow, the unemployment rate for April 2020 will be released by the U.S. Bureau of Labor Statistics. It will hit a peak this country has never seen before, with data representing real families and lives affected by this economic slowdown. The numbers will alarm us. There will be headlines and doomsday scenarios […]
Uncategorized Confused About the Economic Recovery? Here’s Why. Confused About the Economic Recovery? Here’s Why. As we continue to work through the health crisis that plagues this country, more and more conversations are turning to economic recovery. While we look for signs that we’ve reached a plateau in cases of COVID-19, the concern and fear of what will happen as businesses open up […]
Uncategorized How to Test-Drive a Neighborhood While Sheltering in Place How to Test-Drive a Neighborhood While Sheltering in Place Some Highlights ·       Staying at home doesn’t mean your search for a new place needs to come to a standstill. ·       Check out these tips on how to explore other neighborhoods virtually in the homebuying process. You may find a spot that better suits your needs without ever leaving your […]
Uncategorized Buying a Home Right Now: Easy? No. Smart? Yes. Buying a Home Right Now: Easy? No. Smart? Yes. Through all the volatility in the economy right now, some have put their search for a home on hold, yet others have not. According to ShowingTime, the real estate industry’s leading showing management technology provider, buyers have started to reappear over the last several weeks. In the latest […]
Uncategorized The Pain of Unemployment: It Will Be Deep, But Not for Long The Pain of Unemployment: It Will Be Deep, But Not for Long There are two crises in this country right now: a health crisis that has forced everyone into their homes and a financial crisis caused by our inability to move around as we normally would. Over 20 million people in the U.S. became instantly […]
Uncategorized Economic Slowdown: What the Experts Are Saying Economic Slowdown: What the Experts Are Saying More and more economists are predicting a recession is imminent as the result of the pullback in the economy caused by COVID-19. According to the National Bureau of Economic Research: “A recession is a significant decline in economic activity spread across the economy, lasting more than a few months, […]
Uncategorized Yes, You Can Still Afford a Home Yes, You Can Still Afford a Home The residential real estate market has come roaring out of the gates in 2020. Compared to this time last year, the number of buyers looking for a home is up 20%, and the number of home sales is up almost 10%. The increase in purchasing activity has caused home price […]
Uncategorized Real Estate Is Soaring, But Not Like 2008 Real Estate Is Soaring, But Not Like 2008 Unlike last year, the residential real estate market kicked off 2020 with a bang! In their latest Monthly Mortgage Monitor, Black Knight proclaimed: “The housing market is heating entering 2020 and recent rate declines could continue that trend, a sharp contrast to the strong cooling that was seen at this […]
Uncategorized How Interest Rates Can Impact Your Monthly Housing Payments How Interest Rates Can Impact Your Monthly Housing Payments Spring is right around the corner, so flowers are starting to bloom, and many potential homebuyers are getting ready to step into the market. If you’re thinking of buying this season, here’s how mortgage interest rates are working in your favor. Freddie Mac explains: “If you’re in […]
Uncategorized 10 Steps to Buying a Home Some Highlights: ·       If you’re thinking of buying a home and you’re not sure where to start, you’re not alone. ·       Here’s a guide with 10 simple steps to follow in the homebuying process. ·       Be sure to work with a trusted real estate professional to find out the specifics of what to do in your local area.