Despite an increase in housing inventory compared to last year, the current market remains in favor of sellers. This is due to a persistent imbalance between the supply of homes and the growing number of buyers. If you're contemplating selling your home, now could be the opportune time to shine. Let's delve into why the market dynamics are tilted in your favor. Understanding the Housing Shortage: Chronic...
The US housing market has been on a tear in recent years, with home prices surging to record highs. However, this upward trend has not been matched by corresponding growth in incomes, leading to a widening gap between affordability and reality. In this blog post, we'll explore where the disparity is most pronounced and what it means for homebuyers and the broader economy. The National Picture According...
The housing market can be a complex and ever-changing landscape, filled with rumors, myths, and misconceptions. These misunderstandings can lead to poor financial decisions and missed opportunities. Let's debunk some of the most common housing market myths: Myth 1: You Need a 20% Down Payment to Buy a Home Reality: While a 20% down payment can help you avoid private mortgage insurance (PMI), it's not...
The housing market can be a confusing maze filled with uncertainty and misconceptions. Navigating these complexities can feel overwhelming, especially in a year like 2024, with its unique economic climate. But fear not, potential homeowners! Let's debunk some of the most pervasive myths swirling around the market and empower you to make informed decisions. Myth #1: I Should Wait Until Mortgage Rates...
If you’re thinking about buying or selling a home soon, you probably want to know what you can expect from the housing market in 2024. In 2023, higher mortgage rates, confusion over home price headlines, and a lack of homes for sale created some challenges for buyers and sellers looking to make a move. But what’s on the horizon for the new year? The good news is, many experts are optimistic...