Jan 11, 2022 | For Buyers, For Sellers, Market Trends, Real Estate
2021 was truly a wild ride in Real Estate. Now that the year is over, the market has slowed some, giving us time to take stock. Over the last year, home prices soared upward by as much as 20%. In 2022 home prices won’t increase at the same rate which is good news...
Oct 18, 2021 | Market Trends
DEAR FRIENDS AND CLIENTS, Fall is here, and as the weather begins to cool, so does the real estate market. We’re still very much in a seller’s market, but the incredible rate of appreciation we’ve been experiencing has started to slow. But home prices are still...
Sep 14, 2021 | Downsizing, For Buyers, For Sellers, Local Market Reports, Market Trends, Real Estate
Home price growth has accelerated in the past year as buyers frantically competed for a limited number of houses on the market. Sales of new and existing homes have declined a bit in the past few months, mainly due to prices. Lawrence Yun, NAR’s chief economist...
Jul 26, 2021 | Market Trends, Remodeling
After rising to shockingly expensive levels this spring, lumber prices have fallen so far that they are starting to look cheap to some buyers. Homebuilders say they expect to collect higher profit margins rather than drop asking prices. That is typical following...
Jul 20, 2021 | For Buyers, For Sellers, Market Trends, Real Estate
“The summer swoon in mortgage rates continues as the 30-year fixed-rate mortgage fell for the third consecutive week,” Freddie Mac chief economist Sam Khater said in the report. “While this decline is not large, it provides modest relief to borrowers who are...
Jun 30, 2021 | For Buyers, Market Trends, Real Estate
Considering buying a home in this real estate market? Competition is fierce, and other buyers can be ruthless. Bidding wars are more and more common, and buyers often get caught in a multiple offer situation. Set your emotions aside. In this market, you want to try...
