The housing market has gone through a lot of change recently, and much of that was a result of how quickly mortgage rates rose last year. Now, as we move through 2023, there are signs things are finally going to turn around. Home price appreciation is slowing from the recent frenzy, mortgage rates are coming down, inflation is easing, and [...]
Last year, the Federal Reserve took action to try to bring down inflation. In response to those efforts, mortgage rates jumped up rapidly from the record lows we saw in 2021, peaking at just over 7% last October. Hopeful buyers experienced a hit to their purchasing power as a result, and some decided to press pause on their plans. Today, the rate [...]
As you look ahead to the winter season, you’re likely making plans and thinking about what you want to achieve before the year ends. One of those key decision points could be whether or not you want to move this year. If the location or size of your current home no longer meets your needs, [...]
While the Federal Reserve is working hard to bring down inflation, the latest data shows the inflation rate is still high, remaining around 8%. This news impacted the stock market and added fuel to the fire for conversations about a recession. You’re likely feeling the impact in your day-to-day life as you watch the cost of goods and services [...]
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 [...]
It can be tempting, especially with how hot the housing market has been over the past two years, to consider selling your home on your own. But today’s market is at a turning point, making it more essential than ever to work with a real estate professional. Not only will a trusted real estate advisor keep you [...]
According to Keeping Current Matters, with a limited number of homes for sale today and so many buyers looking to make a purchase before mortgage rates rise further, bidding wars are common. Offering Over Asking Price When you think of sweetening the deal for sellers, the first thought you likely have is around the price [...]
It’s spring on the Gulf Coast and that means the annual homebuying season is in full bloom. If putting your home on the market is at the top of your to-do list this season, be sure to carve out some time to do some serious spring cleaning. Not only will a thorough cleaning make your [...]
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 holiday season is in full swing, and that means 2022 is right around the corner. Now is the time to reflect on the year and set your new year’s resolutions, especially your homeownership goals. During that time, it is important to note why you need a real estate agent to help accomplish those goals. [...]
