If you’re following the news today, you may feel a bit unsure about what’s happening with home prices and fear whether or not the worst is yet to come. That’s because today’s headlines are painting an unnecessarily negative picture. If we take a year-over-year view, home prices did drop some, but that’s because we’re comparing to a ‘unicorn’ year when prices peaked well…
Today’s mortgage rates are top-of-mind for many homebuyers right now. As a result, if you’re thinking about buying for the first time or selling your current house to move into a home that better fits your needs, you may be asking yourself these two questions: Why Are Mortgage Rates So High? When Will Rates Go Back Down?…
If you’re a homeowner thinking about making a move, you may wonder if it’s still a good time to sell your house. Here’s the good news. Even with higher mortgage rates, buyer traffic is actually picking up speed. Data from the latest ShowingTime Showing Index, which is a measure of buyers actively touring homes, helps paint the picture of how much…
This report will help you stay informed for your buying and selling decisions by breaking down the numbers and finding the trends. Click here for a printable version of these charts We are seeing the last of the dramatic year-over-year changes, as the effects of the extremely low interest rates, low inventory, and high buyer…
Thinking about selling your house? If you’ve been waiting for the right time, it could be now while the supply of homes for sale is so low. HousingWire shares: “. . . the big question is whether we are finally starting to see the seasonal spring increase in inventory. The answer is no, because active listings fell to…
Right now is an excellent time to buy, so if you are in the buying market, be sure to have your loan pre-approval completed before starting your search. When changes occur in your life, we’re here to help you find the space and the home that is right for your next chapter or adventure. Please…
Days on Market (DOM) is the time from original listing until closed sale, including the time in escrow. Through the end of February, the Average DOM increased by 0.9% to 107 days. By comparison, the Average DOM per month for 2018-2019 was 86 days. Last year at this time, Days on Market was 62.1% lower…
You may have seen reports in the news recently saying it’s better to rent right now than it is to own your home. But before you let that impact your decisions, you should understand what these claims are based on. A lot of the time, these reports are assuming things that aren’t realistic for the average…
