For both buyers and sellers, the good news is that mortgage rates have steadily declined since last October and are expected to remain in the mid-6% range for 2024. While higher than the record lows of 2020 and ’21, they still fall below the historical average of 7.74%. This, along with increased inventory, signals the […]
One question persists in the minds of those considering a move in today’s housing market: Why is it so hard to find a house to buy? Waiting for more options might seem tempting, but the reality is that it’s not the best strategy. Let’s delve into the underlying factors contributing to the low housing inventory […]
Here comes the fun part: discussing your vision about features you would love for your new home to have! There is an overwhelming amount of possibilities out there, so your realtor should help you to stay focused on making a list of what features are most important to you. Of course it’s important to prioritize […]
Getting the cost of major upgrades at your place is a great starting point when you are looking to sell your home. When you decide to put your home on the market, one of the big decisions you have to make is whether you should complete those major renovation projects you have put off. If […]
In a world in constant flux, investors, homeowners, and everyday consumers are finding solace in the steady hand of Jerome Powell, Chair of the Federal Reserve. The recent decision by the Fed to keep its benchmark interest rate unchanged comes as no surprise, given Powell’s well-established reputation for caution and deliberate decision-making. March Meeting: No […]
After you have decided to buy a new home, your realtor should sit down with you to have a realistic discussion about two important factors: your budget and what type of house that money will get you in your city. The same budget may get you a very different type of house from city to […]
Many of the pain point items an inspector will find in your home are low hanging fruit projects that may not take you a lot of time or money to fix. Why is this so crucial? Home buyers are happy to pay top dollar for a house that is move-in ready and doesn’t have a […]
As we embark on the journey of a new year, the real estate market remains a hot topic of discussion. The year 2023 was marked by the “mortgage rate lock-in effect,” which brought about significant shifts in the housing landscape. This article will explore what experts predict for the 2024 real estate market, specifically focusing […]
A 13% decrease in SOLD properties reflects reduced demand and market activity. Despite this decline, the Average Sales Price Increased by a modest 1%, while the Average Price Per square foot remained stable, indicating consistent pricing dynamics. The rise in available homes for sale suggests a shift toward a more balanced market. However, with interest […]
A 19% decrease in SOLD properties reflects reduced demand and market activity. Despite this decline, the Average Sales Price Increased by a strong 7%, while the Average Price Per square foot declined, indicating consistent pricing dynamics. The rise in available homes for sale suggests a shift toward a more balanced market. However, with interest rates […]
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