For many of us, visiting the same vacation spot every year is a summer tradition that’s fun, relaxing, and restful. If that sounds like you, now’s the time to think about your plans and determine if buying a vacation home this year makes more sense than renting one again. According to Forbes: “. . . [...]
You’ve likely seen headlines about the number of foreclosures climbing in today’s housing market. That may leave you with a few questions, especially if you’re thinking about buying a house. Understanding what they really mean is mission-critical if you want to know the truth about what’s happening today. According to a recent report from ATTOM, [...]
The 30-year fixed mortgage rate has been bouncing between 6% and 7% this year. If you’ve been on the fence about whether to buy a home or not, it’s helpful to know exactly how a 1%, or even a 0.5%, mortgage rate shift affects your purchasing power. The chart below helps show the general relationship [...]
Many of today’s homeowners bought or refinanced their homes during the pandemic when mortgage rates were at history-making lows. Since rates doubled in 2022, some of those homeowners put their plans to move on hold, not wanting to lose the low mortgage rate they have on their current house. And while today’s rates have started [...]
A new year brings with it the opportunity for new experiences. If that resonates with you because you’re considering making a move, you’re likely juggling a mix of excitement over your next home and a sense of attachment to your current one. A great way to ease some of those emotions and ensure you’re feeling confident [...]
One of the biggest questions people are asking right now is: what’s happening with home prices? There are headlines about ongoing price appreciation, but at the same time, some sellers are reducing the price of their homes. That can feel confusing and makes it more difficult to get a clear picture. Part of the challenge is [...]
As we move into 2022, both buyers and sellers are wondering, what’s next? The housing market has been breaking new records across multiple fronts throughout 2021, leaving home shoppers wondering if they should buy now or wait in the hope that more homes become available, and at more affordable prices in 2022. According to the [...]
The strong real estate market is expected to continue in spite of this year’s predicted busy hurricane season. Surprisingly, a hurricane has the opposite effect on the real estate market than what’s expected. Short-term effects, reports show that hurricane damages actually cause housing market prices to go up. The Alabama Gulf Coast market typically experiences [...]
So many homeowners in Mobile and Baldwin County are sitting on the fence not knowing if they should sell their home now or wait. The current market conditions are truly making this chilly winter along the Gulf Coast an ideal time to make a move. With today’s low inventory of homes on the market, which [...]
You’ve heard it before and you’re hearing it again but this time with pictures. It’s time to sell your home. I know you’ve been told this time and time again but it’s true. Baldwin County is experiencing something they haven’t dealt with in years: unusually low supply with continuously high demand. According to the Alabama [...]
