5 Factors That Reveal Where The Real Estate Market Is Really Headed It’s the old supply-and-demand predicament: Home sales in the U.S. continue at a torrid pace, but the availability of listings remains limited. Buoyed by historically low mortgage rates, buyers keep shopping for homes, reducing the available inventory and sparking a rise in home prices across the country. News website The Atlantic summarized the sizzling home market this way: “Pick a housing statistic at random, and it’s probably setting an all-time record. Home prices: record high. Inventory: record low. Percentage of homes selling above asking price: record high. Average time on... View Article
If you’re searching for drama, don’t limit yourself to Netflix. Instead, tune in to the real estate market, where the competition among buyers has never been fiercer. And with homes selling for record highs,1 the appraisal process—historically a standard part of a home purchase—is receiving more attention than ever. That’s because some sellers are finding out the hard way that a strong offer can fizzle quickly when an appraisal comes in below the contract price. Traditionally, the sale of a home is contingent on a satisfactory valuation. But in a rapidly appreciating market, it can be difficult for appraisals to... View Article
Learn how to determine your current net worth and how an investment in real estate can help improve your bottom line. Among its many impacts, COVID-19 has had a pronounced effect on the housing market. Low home inventory and high buyer demand have driven home prices to an all-time high.1 This has given an unexpected financial boost to many homeowners during a challenging time. However, for some renters, rising home prices are making dreams of homeownership feel further out of reach. If you’re a homeowner, it’s important for you to understand how your home’s value contributes to your overall net... View Article
Live in the Payment, Not the Price Has all this time spent at home got you daydreaming about a new space? That dream might not be so farfetched. Even if you had no intention of making a move or selling your home at the beginning of 2020, a move could prove to be quite lucrative for you today. To show you how making a move right now can pay off down the line, I’m outlining a couple mortgage scenarios that demonstrate the big impacts that occur from small changes in interest rates. The mortgage payment is what sticks with you... View Article
2021 Real Estate Market Snapshot This past year was filled with twists and turns that no one could have predicted. It wasn’t always easy, but now that we have entered into 2021, we can continue to shift our focus toward a brighter future. If the economic uncertainty of 2020 had you concerned, I’m here to bring some peace-of-mind for 2021 when it comes to the housing market. The information I’m sending this month provides a well-rounded snapshot of the real estate market today, while noting a few trends to watch as the year unfolds. I’m also including a short quiz... View Article
