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According to a recent Gallup poll, real estate has been voted the best long-term investment for 11 years in a row, beating gold, stocks, bonds, and more.
An important factor shaping today’s market is the number of homes for sale.
Have you been trying to buy a home, but higher mortgage rates and home prices are limiting your options?
The housing market continues to shift and change, and in a fast-moving landscape like we’re in right now, it’s more important than ever to have a trusted real estate agent on your side.
If you’re following mortgage rates because you know they impact your borrowing costs, you may be wondering what the future holds for them.
If you’re a homeowner ready to make a move, you may be thinking about using your current house as a short-term rental property instead of selling it.
You’re probably feeling the impact of high inflation every day as prices have gone up on groceries, gas, and more.
Wondering if you should continue renting or if you should buy a home this year?
- The language of buying and selling a home may sound scary at first, but knowing how key terms relate to today’s market can help you. For example, current low mortgage rates and higher wages positively impact affordability for buyers, while home price appreciation continues to grow home equity, which sellers can use to fuel a move up.
- Terms like appraisal (what lenders rely on to validate a home’s value) and contingencies (which buyers can minimize to make their offer stand out) directly impact the transaction.
As the housing market continues to change, you may be wondering where it’ll go from here.
We’re still in a sellers’ market.
No matter how the housing market changes, there are some things about owning a home that never change—like the personal benefits it can provide. When you own your home, you likely feel a sense of attachment because of the comfort it gives and also because it’s a space that’s truly yours.