May 6, 2022 | Business, For Buyers, For Homeowners, For Sellers, Market Trends, Real Estate
In 2006 foreclosures flooded the market and that dramatically decreased home values. The two main reasons for the flood of foreclosures were: Many purchasers were not truly qualified for the mortgage they obtained, which led to more homes turning into foreclosures....
May 4, 2022 | Market Trends, Rent vs Own
Are you thinking about a plan to purchase a property, list it on VRBO or AirBNB, and watch the money roll in. They say short-term rentals, often called vacation rentals, will be a breeze. While short-term rentals do ear owners 30% more than long-term rentals, there...
May 3, 2022 | For Buyers, For Homeowners, For Sellers, Local Market Reports, Market Trends, Real Estate
Due to pandemic-related disruptions over the past two years, the real estate market has completely changed and decidedly favors sellers. If you want to take advantage of this market and extract as much value out of your property as possible, now is the time to sell....
Apr 28, 2022 | For Buyers, Home Financing, Market Trends, Real Estate
Homebuyers could soon catch a break in this hot seller’s market. Sellers lowered prices and housing inventory grew after the average 30 year, fixed-rate mortgage passed 5% last week. Specifically, for the four weeks ending April 3rd, sellers dropped their asking...
Apr 15, 2022 | For Buyers, For Sellers, Market Trends, Real Estate
Even in the face of a daunting struggle – finding a home that met their needs, coming up with the money to afford it, and prevailing in a bidding war, buyers weren’t dissuaded. The top reasons to purchase a home, even in this market, were that buyers wanted to own a...
Apr 13, 2022 | For Buyers, For Sellers, Market Trends, Real Estate
As the COVID pandemic dragged on, buyers continue to prefer their own space. The majority (about 82%) of home sales were for existing homes. New construction was only about 15% of sales and were mostly buyers that didn’t want to do renovations or have problems with...
