Higher rates had the immediate impact of dampening homebuyer affordability and demand. But this year, we’re seeing further repercussions, homeowners have been pushing off plans to sell because they feel beholden to their existing, lower mortgage rates.
Posts Tagged ‘HousingMarket’
We have developed a listing strategy that combines our proven approach to preparation, pricing, and promotion—all designed to help you get top dollar for your home. Here are some crucial steps you can take to set yourself up for success as a home seller in this market.
Deciding whether to jump into the housing market or rent instead is rarely an easy decision. But in today’s whirlwind market, you may find it particularly challenging to pinpoint the best time to start exploring homeownership.
You may also find it helpful to ask yourself the following questions…
While some had hoped 2022 would bring a return to normalcy, the U.S. real estate market continues to boom, despite rising interest rates and decreasing affordability.
So, what’s driving this persistent demand? And is there an end in sight?
Last year was one for the real estate history books. The pandemic helped usher in a buying frenzy that caused home prices to soar nationwide by a record 19.9% between August 2020 and August 2021.
However, there were signs in the fourth quarter that the red-hot housing market was beginning to simmer down.
Here’s where industry experts predict the market is headed in the coming year.
Feeling drained by the complex logistics of trying to sell and buy a new home all at once?
Read some of the most frequent concerns we hear from clients along with tips to work through them.
Whether you are a buyer or a seller, it has never been more important to understand the appraisal process and how it can be impacted by a quickly appreciating and highly competitive housing market. It is also crucial to work with a skilled real estate agent who can guide you to a successful closing without overpaying (if you are a buyer) or overcompensating (if you are a seller). Find out how appraisals in today’s unique real estate environment.