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Good news on the way for buyers:⁠⁠According to a recent survey from the National Association of Realtors (NAR), one of t...
08/05/2022

Good news on the way for buyers:⁠
⁠
According to a recent survey from the National Association of Realtors (NAR), one of the top challenges buyers face in today’s housing market is finding a home that meets their needs. ⁠
⁠
That’s largely because the inventory of homes for sale is so low today.⁠
⁠
But there is good news...⁠
⁠
Recent data shows more sellers are listing their houses this season, which may give your buyers more options for their home search.⁠

A look back: How the current mortgage rate compares to historical data.⁠⁠Since mortgage rates have increased over two pe...
08/05/2022

A look back: How the current mortgage rate compares to historical data.⁠
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Since mortgage rates have increased over two percentage points this year, it’s natural for buyers to think about how this will impact their homeownership plans.⁠
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To put it in to perspective, Mark Fleming, Chief Economist at First American, explains it like this:⁠
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“. . . historical context is important. An average 30-year, fixed mortgage rate of 5.5 percent is still well below the historical average of nearly 8 percent.”⁠

In today’s housing market, homeowners have a great opportunity to sell their house and receive the best terms for their ...
08/05/2022

In today’s housing market, homeowners have a great opportunity to sell their house and receive the best terms for their personal situation. ⁠
⁠
That’s because there’s a limited number of homes for sale, which is creating competition among buyers.

What does the rest of the year hold for the housing market? 🤔
08/05/2022

What does the rest of the year hold for the housing market? 🤔

Even though the supply of homes for sale has been growing this year, there’s still a shortage of homes on the market. ⁠⁠...
08/05/2022

Even though the supply of homes for sale has been growing this year, there’s still a shortage of homes on the market. ⁠
⁠
The window of opportunity for your potential sellers to list their houses hasn’t closed. While buyer demand is softening due to higher mortgage rates, homes that are priced right are still selling fast. ⁠
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This means that conditions continue to favor sellers today. ⁠

When your buyers purchase a home they have a chance to build equity through their monthly mortgage payments. ⁠⁠This buil...
08/05/2022

When your buyers purchase a home they have a chance to build equity through their monthly mortgage payments. ⁠
⁠
This built equity is something they can tap into later on; when they rent, they aren’t investing in their financial future the same way they would be by paying off a mortgage. ⁠

The number of homes for sale across the country is growing, and that means more options for those thinking about buying ...
08/05/2022

The number of homes for sale across the country is growing, and that means more options for those thinking about buying a home. ⁠
⁠
This graph outlines new monthly listings compared to last year. As shown, for the past three months, more people have put their homes on the market than the previous year. ⁠
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This means that if your buyers tried to purchase a home last year and were outbid or out priced, now may be their opportunity. ⁠

There is one major question circulating in the real estate industry right now...⁠⁠Will home prices fall this year?⁠⁠Howe...
05/12/2022

There is one major question circulating in the real estate industry right now...⁠
⁠
Will home prices fall this year?⁠
⁠
However, experts say the housing market isn’t set up for a price decline due to that ongoing imbalance between supply and demand.⁠

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