If you’ve been thinking of buying a home, you may have been watching what’s happened with mortgage rates over the past year. It’s true they’ve risen dramatically, but where will they go from here, especially as the market continues to slow? As you think about your homeownership goals and decide if now’s the time to make your move, the best place to turn to for that Continue Reading
Owning a home is a major financial milestone and an achievement to take pride in and a means to build your net worth. One major reason: the equity you build as a homeowner gives your net worth a big boost. And with high inflation right now, the link between owning your home and building your wealth is especially important. If you’re looking to increase your Continue Reading
The Overall Manhattan Market remains in Seller's Market Territory. The Manhattan Market Pulse chart for all bedroom configurations and price points by Urban Digs demonstrates the ratio between pending sales (a measure of demand) and supply being edged towards benefitting sellers. An increase indicates a strengthening market. A decrease indicates a weakening market. Every neighborhood Continue Reading
Since the pandemic, there has been a broadening gap in price and time on the market between units that need work and units that are move-in ready. While there have always been buyers who want to buy a "wreck" and get excited about a project. Consequently, we know that renovations have now increased in cost, hurdles, and delays. In this Interview Series, we sit down with experts throughout the real Continue Reading
One of the top stories in recent real estate headlines was the intensity and frequency of bidding wars. With so many buyers looking to purchase a home and so few of them available for sale, fiercely competitive bidding wars became the norm during the pandemic – and it drove home prices up. If you tried to buy a house over the past two years, you probably experienced this Continue Reading
One of the biggest questions people are asking right now is: what’s happening with home prices? There are headlines about ongoing price appreciation, but at the same time, some sellers are reducing the price of their homes. That can feel confusing and makes it more difficult to get a clear picture. Part of the challenge is that it can be hard to understand what experts are Continue Reading
If you’re a homeowner or are planning to become one soon, you’re probably looking for clear information about today’s housing market. And if you’ve turned to the news or even just read headlines recently, you might feel like you’re left with more questions than answers. The best way to make sure you get what you need is to work with an expert. A trusted Real Continue Reading
The Infographic "What Would a Recession Mean for the Housing Market?" above demonstrates that in most of the recent recessions, home prices have appreciated and mortgage rates have declined in the last six recessions. Key Takeaways If you’re wondering what a potential recession could mean for the housing market, here’s what history tells us. In four Continue Reading
If you’re thinking about buying a home, you likely have a lot of factors on your mind. You’re weighing your own needs against higher mortgage rates, today’s home prices, and more to try to decide if you want to jump into the market. While some buyers may wait things out, there’s a reason serious buyers are making moves right now, and that’s the growing number of homes for Continue Reading
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