As Home Equity Rises, So Does Your Wealth
Homeownership is still an extremely vital part of the American dream. For those that own a home (and those looking to buy one), it’s clear that being a homeowner has considerable benefits both emotionally and financially. In addition to long-term stability, buying a home is
Is It Time To Move on to a New Home?
If you’ve been in your home for longer than five years, you’re not alone. According to recent data from First American, homeowners are staying put much longer than historical averages (see graph below): As the graph shows, before 2008, homeowners sold their houses after
5 Reasons Today’s Housing Market Is Anything but Normal
There are many headlines out there that claim we’re reverting to a more normal real estate market. That would indicate the housing market is returning to the pre-pandemic numbers we saw from 2015-2019. But that’s not happening. The market is
What Buyers and Sellers Need To Know About the Appraisal Gap
It’s economics 101 – when supply is low and demand is high, prices naturally rise. That’s what’s happening in today’s housing market. Home prices are appreciating at near-historic rates, and that’s creating some challenges when it comes to home appraisals. In recent months, it’s
Why 2021 Is Still the Year To Sell Your House
If you’re trying to decide whether or not to sell your house, this is the time to think seriously about making a move. Fannie Mae’s recent Home Purchase Sentiment Index (HPSI) reveals the number of respondents who say it’s a good time to sell is higher now
Are Houses Less Affordable Than They Were in Past Decades?
There are many headlines about how housing affordability is declining. The headlines are correct: it’s less affordable to purchase a home today than it was a year ago. However, it’s important to give this trend context. Is it less expensive
A Look at Housing Supply and What It Means for Sellers
One of the hottest topics of conversation in today’s real estate market is the shortage of available homes. Simply put, there are many more potential buyers than there are homes for sale. As a seller, you’ve likely heard that low supply is good
The Pandemic: How It Is Affecting Homebuying
What makes a pandemic such a hot time to buy? It seems homes are selling faster than ever, which may be shocking in the face of a pandemic which has crippled our economy and limited our public interactions. However, the intimate
Homebuying 101: 4 Easy Steps
Most people go into buying their first home knowing it will be a multi-step process, but they don’t usually know exactly what to expect. There is definitely a learning curve involved, but that doesn’t mean you should jump right in
4 Key Factors On Our Housing Market Today
Hello all! I wanted to write about some of the discussion I've had with so many folks; concerning today's housing market and what's to come with home prices. There’s a great deal going on in the economic world, and much of