Keys to the Market
Unlocking Insights, One Door at a Time
Debunking Scary Myths About Buying a Home
There are a number of scary myths about homebuying in today's market. Here's what you need to know. Prices are not expected to crash, it is possible to buy even with student loan debt, and there are programs that can help you save for a down payment. Don't let scary myths delay your homebuying plans. Let's connect so you have a pro to help you separate the facts from your fears.
Why Today’s Foreclosure Numbers Won’t Trigger a Crash
Current foreclosure numbers are low compared to historical data, and nowhere near the rates seen in the 2008 housing crisis. The rise in foreclosure filings since 2020 reflects the end of pandemic-era moratoriums rather than a market decline. Today's homeowners typically have substantial equity, providing a buffer against foreclosure. This equity allows many to sell rather than lose their homes to foreclosure, ensuring the market remains stable despite economic pressures.
How Long Will It Take To Sell Your House?
Understanding how long it will take to sell your house depends on various factors including local market conditions. Currently, homes are staying on the market slightly longer due to an increase in inventory, averaging about 55 days to close. However, this is still faster than the pre-pandemic norm of over 60 days. Working with a knowledgeable local real estate agent can help optimize your selling strategy, ensuring your home stands out in a competitive market. They can guide you on pricing, staging, and marketing to attract buyers quickly and effectively.
Planning To Sell Your House in 2025? Start Prepping Now
If you're planning to sell your house in 2025, starting preparations now is crucial. Early preparation allows you to tackle necessary repairs and updates one at a time, ensuring your home is market-ready by year-end. Key areas to focus on include making essential repairs, decluttering, and considering value-adding updates. Partnering with a local real estate agent is vital; they can provide insights into which improvements are most impactful in your specific market, helping your home sell quickly and for a higher price.
Mortgage Rates and Home Prices Forecast for 2025: What to Expect
Experts predict a promising outlook for the housing market in 2025, with mortgage rates expected to ease and home prices projected to rise moderately. This trend suggests improving affordability and a balanced market, encouraging both buyers and sellers to engage more actively. As mortgage rates potentially lower, demand from buyers could increase, which in turn might lead to a slight rise in home prices, although at a more sustainable pace than previous years. Understanding these trends, especially in your local area, will be crucial for making informed decisions in the real estate market.
Why Buying Now Is Worth It
You may be torn between buying a home now or waiting. But don't forget to factor in the equity you'll gain as prices rise. Experts forecast prices will climb over the next 5 years -- and based on those forecasts, you could gain about $90k in equity in that time. So, you could wait, but you'll miss out on a lot of equity if you do. If you're ready and able to buy, let's connect so you can start growing your wealth now.
Why Did More People Decide To Sell Their Homes Recently?
In a break from the usual seasonal trend, the number of homes listed for sale in September rose by 11.6% compared to last year, driven by a mid-August dip in mortgage rates. This uptick in listings provides potential homebuyers with more options and indicates a shift influenced by recent mortgage rate fluctuations. As rates continue to impact market dynamics, buyers have a unique opportunity to find diverse housing options this fall.
The Benefits of Using Your Equity To Make a Bigger Down Payment
Leverage your home equity to enhance your next home purchase! With home equity at all-time highs, learn how using it for a larger down payment can decrease your borrowing amount, reduce monthly payments, and possibly eliminate PMI. Discover the financial benefits of a substantial down payment and see how you can save more in the long run.
Unlocking Homeownership: Why a Condo is an Ideal First Home
An agent is crucial when buying a new home. They ensure you get a fair deal, navigate complex contracts, and coordinate inspections. Agents advocate for your interests, not the builder's, helping you understand market trends and builder reputations, and can often secure better terms and incentives.
Why a Condo Could Be Your Perfect First Home
Considering your first home purchase? Discover why a condo might be the perfect choice for you. With a lower entry cost, built-in amenities, and less maintenance, condos offer a smart way to build equity and enjoy homeownership. Learn about the rising popularity of condos and townhomes and explore how this could be your gateway to the real estate market.
Buying Beats Renting in These Top Cities
Based on a recent study, in 22 of the top 50 metros, the monthly mortgage payment is lower than the rent payment. Make sure you work with a pro who can help you crunch the numbers and see how your city stacks up. This may be your opportunity to forget renting for good. If you want to see which option makes the most sense in our area, let's do the math together.
How Much Does It Cost To Sell My House?
If you’re toying with the idea of selling your house, you’re probably wondering how much it’ll cost. To be honest, the final number will depend on several factors like the offer you accept, if you help with your buyer’s closing costs, how many repairs you tackle, and more. So, to give you a ballpark of what to expect, here’s some information on a few of the expenses you’ll want to be ready for
Two Reasons Why the Housing Market Won’t Crash
Amid concerns about the economy and whispers of a recession, fears of a housing market crash might be looming. However, this article explains why the current real estate market conditions are vastly different from those that led to the 2008 crash. Discover two major reasons—strong demand against low supply, and low unemployment rates—that support a stable housing market unlikely to see a crash anytime soon. Dive into expert insights and data-driven analysis to understand why the housing market remains robust despite economic uncertainties.
Why Now’s Not the Time To Take Your House Off the Market
Thinking about pulling your house off the market? Think again. Learn why the current real estate environment makes it advantageous to keep your listing active. This article explains how the seasonal decrease in competition, coupled with the presence of serious, ready-to-act buyers, creates a prime opportunity for sellers. Understand why those who stay the course may be better positioned to sell quickly and at a favorable price, despite others choosing to wait until next year. Connect with a real estate expert to strategize effectively and take advantage of the current buyer interest.
Now’s the Time To Upgrade to Your Dream Home
Considering upgrading to your dream home? Discover why the current market conditions make this the ideal time to sell your current home and move up. Learn how significant home equity gains and lower mortgage rates can enhance your purchasing power, making it easier than ever to afford a bigger or more luxurious home. This article delves into how these factors combine to create a favorable environment for buyers looking to upgrade. Connect with a real estate professional to explore your options and maximize your investment.
The Top 3 Reasons Affordability Is Improving
Affordability is based on three key factors: mortgage rates, home prices, and wages. And today, it's improving quickly as rates come down, prices level off, and wages climb. If you put your search on pause because it was too expensive to buy, let's talk about why now may be the perfect time to jump back in.
Home Values Rise Even as Median Prices Fall
Recent headlines have been buzzing about the median asking price of homes dropping compared to last year, and that’s sparked plenty of confusion. And as a buyer or seller, it’s easy to assume that means prices are coming down. But here’s the catch: those numbers don’t tell the full story.
Secrets To Selling Your House Quickly
Struggling with a slow-moving property in a shifting market? This article provides essential tips on how to sell your house quickly, emphasizing the importance of choosing the right real estate agent. Learn about competitive pricing, improving your home's condition, and offering attractive incentives to stand out. Discover how a strategic approach, backed by a knowledgeable agent, can accelerate the sale process, ensuring your home doesn’t linger on the market. Connect with a local expert to implement these proven strategies and achieve a faster sale.
This Is the Sweet Spot Homebuyers Have Been Waiting For
After months of sitting on the sidelines, many homebuyers who were priced out by high mortgage rates and affordability challenges finally have an opportunity to make their move. With rates trending down, today’s market is a sweet spot for buyers—and it’s one that may not last long.
Buying Beats Renting in 22 Major U.S. Cities
Discover why in 22 of the 50 largest U.S. metro areas, buying a home is now more affordable than renting, according to a recent Zillow study. This article delves into the factors contributing to improved affordability, such as decreasing mortgage rates and moderating home prices. Learn how these changes could influence your decision to buy, especially if you've been renting. Explore the financial benefits of homeownership, including the potential to build equity, and why now might be the perfect time to consider making a move in the housing market.