Some people believe there’s a group of homeowners who may be reluctant to sell their houses because they don’t want to lose the historically low mortgage rate they have on their current home. You may even have the same hesitation if you’re thinking about selling your house. Data shows 51% of homeowners have a mortgage rate under 4% as of […]
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Market Conditions for August 2022
CONTRACTContract activity in July 2022 was down 26.2% from July 2021 and was down in all price categories. Through the first seven months of the year, contract activity is down 18.3%. The average number of days on the market for homes receiving contracts was 22 days in July 2022, the same as last July. URGENCY […]
Experts Increase 2022 Home Price Projections
If you’re wondering if home prices are going to come down due to the cooldown in the housing market or a potential recession, here’s what you need to know. Not only are experts forecasting home prices will continue to appreciate nationwide this year, but most of them also actually increased their projections for home price appreciation from their original 2022 […]
What Sellers Need To Know in Today’s Housing Market
If you’re thinking about selling your house, you may have heard about the housing market slowing down in recent months. While it’s still a sellers’ market, the peak frenzy the market saw over the past two years has cooled some. If you’re asking yourself if you’ve missed your chance to sell your house and make a […]
What’s Actually Happening with Home Prices Today?
One of the biggest questions people are asking right now is: what’s happening with home prices? There are headlines about ongoing price appreciation, but at the same time, some sellers are reducing the price of their homes. That can feel confusing and makes it more difficult to get a clear picture. Part of the challenge is […]
Market Conditions for July 2022
CONTRACTSContract activity in July 2022 was down 26.2% from July 2021 and was down in all price categories. Through the first seven months of the year, contract activity is down 18.3%. The average number of days on the market for homes receiving contracts as 22 days in July 2022, the same as last July. URGENCY […]
Simple Decorating Tips
Thank you to our friends from Metropolitan Staging LIVING When staging a living room, we like to use a lot of light, bright neutrals and add intexture with throw blankets and pillows for warmth.Branches in a tall vase add height and color to the space while not blocking light fromthe window. DINING In dining spaces, […]
Why Pre-Approval Is a Game Changer for Homebuyers
If you’re planning to buy a home this year, you might have heard that pre-approval is a necessary step to take before starting out on your journey. But why is that? And is it still important in today’s shifting market? The truth is, getting a pre-approval letter from your lender is critical, and when it comes to your […]
Housing Experts Say This Isn’t a Bubble
With so much talk about an economic slowdown, some people are asking if the housing market is heading for a crash like the one in 2008. To really understand what’s happening with real estate today, it’s important to lean on the experts for reliable information. Here’s why economists and industry experts say the housing market is not a bubble ready to pop. […]
How Your Equity Can Grow over Time
It’s true that record levels of home price appreciation have spurred significant equity gains for homeowners over the past few years. As Diana Olick, Real Estate Correspondent at CNBC, says: “The stunning jump in home values over the course of the Covid-19 pandemic has given U.S. homeowners record amounts of housing wealth.” That’s great for your home’s value over the last […]