When closing out another year, it’s normal to wonder what’s ahead for the housing market. Though there will be future inventory issues, we expect interest rates to stay low and appreciation to continue. Here’s what three experts are saying we’ll likely see in 2020: Danielle Hale, Chief Economist at realtor.com “I think the biggest surprise […]
Category Archives: General
30
Dec
Dec
Rising home prices coupled with the current inventory in today’s market may cause some homeowners to consider selling their homes on their own (known in the industry as a For Sale By Owner). However, a FSBO might be hard to execute well for the vast majority of sellers. Here are the top 5 reasons not […]
Business, Construction, General, Marketing, Real Estate, Uncategorized
What’s Keeping Buyers Out of the Market
27
Dec
Dec
60% of buyers paid for their down payment by saving according to the 2019 Profile of Home Buyers and Sellers, recently released in San Francisco at the National Association of REALTORS Convention. The most difficult step in the process was saving for a down payment cited by 13% of respondents. 51% of those surveyed mentioned […]
Business, Construction, General, Marketing, Real Estate, Uncategorized
Year-Over-Year Rental Prices on the Rise
26
Dec
Dec
Looking ahead, 2020 is projected to be a strong year for homeownership. According to the Freddie Mac Forecast, “We expect rates to remain low, falling to a yearly average of 3.8% in 2020.” If you’re currently renting, 2020 may be a great time to think about making a jump into homeownership while mortgage rates are low. […]
Business, Construction, General, Marketing, Real Estate, Uncategorized
When a House Becomes a Happy Home
24
Dec
Dec
We talk a lot about why it makes financial sense to buy a home, but more often than not we’re drawn to the emotional reasons for homeownership. No matter the size or shape of a living space, the feeling of a home means different things to different people. Whether it’s a certain scent or a […]
Business, Construction, General, Marketing, Real Estate, Uncategorized
Bargain Buying 101: Things to Look for In a Deal
20
Dec
Dec
When you’re shopping for a new home, it’s not uncommon to face a little bit of sticker shock when it comes to price. This often leads to buyers trying to find a good balance between what they want and what they can afford. However, if you’re smart (and maybe a little lucky), you may be […]
Business, Construction, General, Marketing, Real Estate, Uncategorized
5,300 Reasons to Be Happy You’re a Homeowner
19
Dec
Dec
Studies have shown that, in many cases, the largest asset a family owns is the house they live in. Over the last twelve months, that asset has gained substantial value. CoreLogic just released their 2019 3rd Quarter Homeowner Equity Insights Report. The report revealed that: “U.S. homeowners with mortgages (roughly 64% of all properties) have […]
17
Dec
Dec
It’s exciting to put a house on the market and to think about making new memories in new spaces, but we can have deep sentimental attachments to the homes we’re leaving behind, too. Growing emotions can help or hinder a sale, depending on how we manage them. When it comes to the bottom line, homeowners […]
General, Marketing, Real Estate, Uncategorized
December 2019: The Buyer Stakes Are High Because Inventory Is Low
16
Dec
Dec
The reality of what we’re seeing this month is that homes are selling fast. In today’s strong seller’s market, bidding wars are common and expected with starter or entry-level homes. In most areas of the country, first-time buyers have been met with fierce competition throughout their homebuying experience. Some have been out-bid multiple times before […]
12
Dec
Dec
Looking for an investment that will turn $10,000 into $80,000 in seven years? Sound too good to be true? What if I told you that you could live in it every day during that seven years? Would that sound even better? A $300,000 home purchased today on an FHA loan would have a $10,500 down […]