The talk of a housing bubble in the coming year seems to be at a fever pitch as rising mortgage rates continue to slow down an overheated real estate market. Over the past two years, home prices have appreciated at an unsustainable pace causing many to ask: are things just slowing down, or is a crash coming? To answer this question, there are two things we want to Continue Reading
Buyer's Three Things to Consider It’s clear the 2022 housing market has been defined by rising mortgage rates. Undoubtedly, with rates on the rise, it’s become more costly to purchase a home for buyers. According to the National Association of Realtors (NAR): “Compared to one year ago, the monthly mortgage payment rose to $1,944 from $1,265, an increase of 53.7%.” If Continue Reading
In a market that’s shifting as fast as it is today, many homeowners wonder what, if anything, needs to be renovated before they sell their house. That’s where a trusted real estate professional comes in to help you sell your home. They can help you think through today’s market conditions and how they impact what you should – and shouldn’t – do before selling your Continue Reading
Some Takeaways If you’re thinking of buying or selling a home, you’ll want a trusted real estate professional on your side for their industry experience and expert insights. The right advisor/real estate professional utilizes the latest technology. As well as, can help you navigate today’s home pricing and market values, the contracts Continue Reading
There’s no denying the housing market is undergoing a shift this season as buyer demand slows and the number of homes for sale grows. But that shift actually gives you some unique benefits when you sell. Here’s a look at the key opportunities you have if you list your house this fall. Opportunity #1: You Have More Options for Your Move One of the biggest stories Continue Reading
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
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