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 […]
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 […]
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 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 […]
While a home inspection is usually one of the steps a home buyer will take after putting an offer on a home, it is advised to conduct an inspection on your own before you get to that step of the process. This gives you as the seller a major advantage in the process, because you’ve […]
We are so glad you asked! Often people decide they want to buy a home, but they aren’t super clear on the particulars of what they want that home to look like in terms of location, size, features, and price. The outer ring is the first step where you may begin to start looking at […]
In a recent meeting of the US Federal Reserve’s Monetary Policy Committee on December 13, 2023, Chairman Jerome Powell announced a decision to maintain the current interest rate levels for the third consecutive meeting. This decision was accompanied by a signal that the Fed expects to make three rate cuts next year, suggesting a possible […]