Even with the latest data, the experts agree there’s no chance of a large-scale foreclosure crisis like the one we saw in 2008. While headlines may be calling attention to a slight uptick in foreclosure filings recently, the bigger picture is that we’re still well below the number we’d see in a more normal year for the housing market. As a report Continue Reading
Are you thinking about buying a home soon? If so, you should know today’s market is competitive in many areas because the number of homes for sale is still low, leading to multiple-offer scenarios. And moving into the peak homebuying season this spring, this is only expected to ramp up more. Remember these four tips to make your best offer. 1. Partner with a Real Estate Agent Rely on Continue Reading
Some Highlights With the number of new listings going up and average days on the market going down, buyers may have more options but will still want to move fast. Inventory is still low for sellers, and houses are selling fast, meaning your home should stand out. If you price it right, you may get multiple offers. If you want to know more about what’s happening in our Continue Reading
Are you considering selling your house and wondering if now’s a good time? Here’s what you need to know. Even though the number of homes for sale has been growing this year, there still aren’t enough homes for all the buyers who want to buy. So, what does that mean for you? To keep it simple, it means it’s still a seller’s market. Here’s how it works: A neutral market is when Continue Reading
Going into 2023, there was much talk about a possible recession that would cause the housing market to crash. Some in the media were even forecasting that home prices would drop by as much as 10-20%, which might have made you feel a bit unsure about buying a home. But here’s what happened: home prices increased more than usual. Brian D. Luke, Head of Commodities at S&P Dow Continue Reading
If you’ve been considering buying a home, mortgage rates are probably at the top of your mind. They may even be why you’ve put your plans on hold. When rates climbed near 8% last year, some buyers found the numbers didn’t make sense for their budget anymore. That may be the case for you, too. Data from Bright MLS shows the top reason buyers delayed their Continue Reading
If you’re trying to buy a home and have difficulty finding one you can afford, it may be time to consider a fixer-upper. That home needs a little elbow grease or some updates but has good bones. Fixer-uppers can be a great option to break into the housing market or stretch your budget further. According to NerdWallet: “Buying a fixer-upper can provide a path to homeownership for Continue Reading
Some Highlights Are you wondering if now’s a good time to sell your house? Based on the number of homes on the market, there are two big reasons why this spring is looking so good for sellers. Thanks to an uptick in inventory over last year, you’ve got more options for your next home. But there are still fewer homes for sale than there’d normally be, meaning your house should stand Continue Reading
If you’re looking at your expenses as you retire, saving money where you can has a lot of appeal. One long-standing, popular way to do that is by downsizing to a smaller home. When you think about cutting down on your spending, the odds are that you will feel like making frequent purchases, like groceries and other goods. But when you downsize your house, you often end up downsizing the Continue Reading
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