What’s Happening with Home Prices?
Many people have questions about home prices right now.
Entries by KCM Crew
How Sellers Win When Housing Inventory Is Low
In today’s housing market, the number of homes for sale is much lower than the strong buyer demand.
Two Graphs That Show Why You Shouldn’t Be Upset About 3% Mortgage Rates
With the average 30-year fixed mortgage rate from Freddie Mac climbing above 3%, rising rates are one of the topics dominating the discussion in the housing market today.
Numbers Don’t Lie – It’s Still a Great Time To Sell [INFOGRAPHIC]
![Numbers Don’t Lie – It’s Still a Great Time To Sell [INFOGRAPHIC] | Keeping Current Matters](https://files.keepingcurrentmatters.com/wp-content/uploads/2021/11/04150135/20211105-NM.png)
Some Highlights
- Heading into the end of the year, you might wonder if it’s still a good time to sell your house. Here’s what the latest data from the National Association of Realtors (NAR) says.
- Housing supply is lower than last year, and home prices are up nationwide. Meanwhile, the average home is selling fast and receiving several offers. Listing now puts your house in the spotlight, meaning it could sell quickly – and for more than you’d expect.
- Feeling motivated? If you’re ready to sell and capitalize on today’s market, partner with a local real estate professional.
Why a Wave of Foreclosures Is Not on the Way
With forbearance plans coming to an end, many are concerned the housing market will experience a wave of foreclosures similar to what happened after the housing bubble 15 years ago.
Experts Project Mortgage Rates Will Continue To Rise in 2022
Mortgage rates are one of several factors that impact how much you can afford if you’re buying a home.
Sellers Have Incredible Leverage in Today’s Market
With mortgage rates climbing above 3% for the first time in months, serious buyers are more motivated than ever to find a home before the end of the year.
Renters Missed Out on $51,500 This Past Year
Rents have increased significantly this year.
The Mortgage Process Doesn’t Have To Be Scary [INFOGRAPHIC]
![The Mortgage Process Doesn’t Have To Be Scary [INFOGRAPHIC] | Keeping Current Matters](https://files.keepingcurrentmatters.com/wp-content/uploads/2021/10/27145850/20211029-NM.png)
Some Highlights
- Applying for a mortgage is a big step towards homeownership, but it doesn’t need to be one you fear. Here are some tips to help you prepare.
- Know your credit score and work to build strong credit. When you’re ready, lean on your agent to connect you with a lender so you can get pre-approved and begin your home search.
- Any major life change can be scary, and buying a home is no different. Partner with a trusted real estate professional to take the fear out of the equation.
Does Your House Have What Buyers Want?
The rise in remote work is changing what many Americans want in their homes.
Housing Challenge or Housing Opportunity? It Depends.
The biggest challenge in real estate today is the lack of available homes for sale.
There Are More Homes Available Now than There Were This Spring
There’s a lot of talk lately about how challenging it can be to find a home to buy.
Knowledge Is Power When It Comes to Appraisals and Inspections
Buyers in today’s market often have questions about the importance of getting a home appraisal and an inspection.
Your Home Equity Is Growing [INFOGRAPHIC]
![Your Home Equity Is Growing [INFOGRAPHIC] | Keeping Current Matters](https://files.keepingcurrentmatters.com/wp-content/uploads/2021/10/18091146/20211022-NM.png)
Some Highlights
- If you’re a homeowner, today’s rising equity is great news. On average, homeowners have gained $51,500 in equity since this time last year.
- Whether it’s funding an education, fueling your next move, or starting a business, your home equity is a great tool you can use to power your dreams.
- Ready to sell? Reach out to a local real estate professional to talk about how you can take advantage of your rising equity to reach your goals.
Important Distinction: Homes Are Less Affordable, Not Unaffordable
It’s impossible to research the subject of buying a home without coming across a headline declaring that the fall in home affordability is a crisis.
Looking To Move? It Could Be Time To Build Your Dream Home.
While today’s supply of homes for sale is still low, the number of newly built homes is increasing.
What Does the Future Hold for Home Prices?
If you’re looking to buy or sell a house, chances are you’ve heard talk about today’s rising home prices.
Sellers: Your House Could Be an Oasis for Buyers Seeking More Options
Sellers have a great opportunity this season as buyer demand still heavily outweighs the current supply of homes for sale.
Homebuyer Tips for Finding the One [INFOGRAPHIC]
![Homebuyer Tips for Finding the One [INFOGRAPHIC] | Keeping Current Matters](https://files.keepingcurrentmatters.com/wp-content/uploads/2021/10/14130244/20211015-NM.png)
Some Highlights
- The best advice carries across multiple areas of life. When it comes to homebuying, a few simple tips can help you stay on track.
- Because of increased demand, you’ll need to be patient and embrace compromises during your search. Then, once you’ve fallen in love, commit by putting your best offer forward.
- If you’re looking to buy a home this year, work with a real estate professional so you have a dedicated partner and teammate to help you find the one.
What Do Past Years Tell Us About Today’s Real Estate Market?
As you follow the news, you’re likely seeing headlines discussing what’s going on in today’s housing market.
The Big Question: Should You Renovate or Move?
The last 18 months changed what many buyers are looking for in a home.
Don’t Wait for a Lower Mortgage Rate – It Could Cost You
Today’s housing market is truly one for the record books.
Experts Agree: Homeownership Provides a Path to Long-Term Wealth
A recent survey from LendingTree.com found there are multiple reasons why Americans would choose to purchase a home instead of renting.
What’s Causing Today’s Competitive Real Estate Market? [INFOGRAPHIC]
![What’s Causing Today’s Competitive Real Estate Market? [INFOGRAPHIC] | Keeping Current Matters](https://files.keepingcurrentmatters.com/wp-content/uploads/2021/10/07130855/20211008-NM.png)
Some Highlights
- Today’s strong sellers’ market is the direct result of high demand and low supply.
- Low mortgage rates and generational trends have created an increased demand for homes. Meanwhile, the slower pace of new home construction and homeowners staying in their homes longer have both led to today’s low supply.
- If you’re thinking of selling, work with a trusted agent to understand your local area and how you can take advantage of today’s housing market.
