Understanding Housing Market Trends in 2023
Understanding Housing Market Trends in 2023 Some Highlights The housing market is constantly in flux, so it’s important to stay informed if you’re thinking of buying or selling a home. Inventory levels are still very low and prices have been steadily rising, meaning that homes are going quickly when priced correctly. For more information about our local area and what […]
Understanding Current Real Estate Market Activity
Understanding Current Real Estate Market Activity Even though the housing market is no longer in an extreme frenzy like in recent years, it doesn’t mean buyer activity has ceased. In fact, there’s still a strong presence of buyers today. The ShowingTime Showing Index shows buyers’ activity levels when touring homes. The graph below uses this index to show trends in […]
The Difference Between Today’s Foreclosures and the Housing Crash
The Difference Between Today’s Foreclosures and the Housing Crash Foreclosures have been increasing in the current housing market, leading to a lot of uncertainty for potential home buyers. It’s essential to get to the core of these reports and understand what’s going on. According to a recent report from ATTOM, a property data provider, foreclosure filings have increased: 2% compared to […]
Understanding the Real Estate Market Trend & the New Normal
Understanding the Real Estate Market Trend & the New Normal Before you decide to sell your home, it’s important to be informed about the current real estate market trend. Homebuyers are adapting to today’s mortgage rates, which have become normal. Knowing what to expect can help you make an informed decision when listing your property. The graph below shows the […]
Home Prices Rising: Get Informed Now!
Home Prices Rising: Get Informed Now! Today’s news may leave you feeling uncertain about home prices, fearing the worst. But this outlook is overly negative. Looking at year-over-year changes, we see that while prices have dropped they are still within normal ranges. The only exception was a ‘unicorn’ year when they peaked significantly higher than usual. For an accurate comparison, […]
Exploring the Benefits of Buying a New Build Home Today
Exploring the Benefits of Buying a New Build Home Today Finding a home today can be difficult, as there is a limited supply. If you’re having trouble finding something that suits your needs, consider buying a new build home. It’s a great option! As a recent article from the National Association of Realtors (NAR) says: “Home buyers continue to be met with limited […]