If you’re a homeowner, odds are your equity has grown significantly over the last few years. Equity builds over time as home values grow and as you pay down your home loan. And, since home prices skyrocketed during the ‘unicorn’ years, you’ve likely gained more than you think. According to the latest Equity Insights Report from CoreLogic, the average homeowner has more than $274,000 […]
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Market Conditions July 2023
CONTRACTSContract activity in July 2023 was down 10.4% from July 2022 and was down for four price categories. Through the first seven months of the year, contract activity is down 23.2%. The average number of days on the market for homes receiving contracts was 21 days in July 2022, down slightly from 22 days last […]
How Inflation Affects Mortgage Rates
When you read about the housing market in the news, you might see something about a recent decision made by the Federal Reserve (the Fed). But how does this decision affect you and your plans to buy a home? Here’s what you need to know. The Fed is trying hard to reduce inflation. And even though there’s been 12 […]
Market Conditions June 2023
CONTRACTSContract activity in June 2023 was down 15.4% from June 2022 and was down for five price categories.Through the first six months of the year, contract activity is down 25.0%. The average number of days on the market for homes receiving contracts was 17 days in June 2022, up slightly from 16 days last June. […]
Sellers: Don’t Let These Two Things Hold You Back
Many homeowners thinking about selling have two key things holding them back. That’s feeling locked in by today’s higher mortgage rates and worrying they won’t be able to find something to buy while supply is so low. Let’s dive into each challenge and give you some helpful advice on how to overcome these obstacles. Challenge #1: The […]
Tips for Making Your Best Offer on a Home
While the wild ride that was the ‘unicorn’ years of housing is behind us, today’s market is still competitive in many areas because the supply of homes for sale is still low. If you’re looking to buy a home this season, know that the peak frenzy of bidding wars is in the rearview mirror, but you may still come up against […]
Renting or Selling Your House: What’s the Best Move?
If you’re a homeowner ready to make a move, you may be thinking about using your current house as a short-term rental property instead of selling it. A short-term rental (STR) is typically offered as an alternative to a hotel, and they’re an investment that’s gained popularity in recent years. While a short-term rental can be a […]
Our Favorite Local Patio Gems
With the arrival of warmer weather, it’s the perfect time to venture outdoors and bask in the beauty of al fresco dining. Here are three of our favorite outdoor patios that have captured our hearts with their unique offerings and inviting atmospheres. Taqueria Picoso Taqueria Picoso is an outdoor patio haven for lovers of authentic […]
Why Homeownership Wins in the Long Run
Today’s higher mortgage rates, inflationary pressures, and concerns about a potential recession have some people questioning: should I still buy a home this year? While it’s true this year has unique challenges for homebuyers, it’s important to think about the long-term benefits of homeownership when making your decision. Consider this: if you know people who bought a home 5, 10, or even 30 […]
The True Cost of Selling Your House on Your Own
Selling your house is no simple task. While some homeowners opt to sell their homes on their own, known as a FSBO (For Sale by Owner), they often encounter various challenges without the guidance of a real estate agent. If you’re currently considering selling your house on your own, here’s what you should know. The most […]