Though the housing market is no longer experiencing the frenzy of a year ago, buyers are showing their interest in purchasing a home.
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Life is a journey filled with unexpected twists and turns, like the excitement of welcoming a new addition, retiring and starting a new adventure, or the bittersweet feeling of an empty nest.
Here are a few reasons you may not want to hold off until the new year to sell your house.
Here are three reasons why homeowners feel thankful for their homes.
Thinking of buying or selling a house and wondering what the new year holds for the housing market?
- The biggest challenge in the housing market is how few houses there are for sale compared to the number of people who want to buy.
- The number of homes for sale is up from last year but below pre-pandemic numbers, and that means we’re still in a sellers’ market.
- Today’s housing market is different than it was in 2008.
- Lending standards have tightened, foreclosures have declined, home inventory is much lower, and homeowners have far more equity.
- Over the past year, homeowners have gained an unprecedented opportunity to sell with great success while buyer demand is soaring.
- With homes selling twice as fast as they did last year at this time, getting multiple offers, and rising in price, homeowners are in the driver’s seat.
Buying and owning your own home can have a big impact on your life.
- If you have additional loved ones coming to live with you but don’t have enough space, it may be time to consider a larger, multigenerational home.
- Some key benefits of multigenerational living include a combined homebuying budget, shared caregiving duties, enhanced relationships, and more. These benefits might be why more people are choosing to live in multigenerational homes today.
If you've ever dreamed of buying your own place, or selling your current house to upgrade, you're no stranger to the rollercoaster of emotions changing home prices can stir up.
Thinking about selling your house?
- On January 10th of each year, “National Cut Your Energy Costs Day” encourages consumers to reduce their overall energy costs by improving home efficiency.
- According to Freddie Mac, a typical U.S. family spends $2,200 per year on energy bills. By making energy efficient upgrades, you could reduce your energy bills by up to 30%.