How To Think Strategically as a Buyer in Today’s Market The game of chess can provide incredible lessons to apply to all aspects of life, including the homebuying process. Chess requires you to plan and think about your strategy from the very beginning of the game. The homebuying process, like chess, requires strategy and planning. Here are a few things to keep in mind to ensure your plan is Continue Reading about How To Think Strategically as a Buyer in Today’s Market
Real Estate Market
Don’t Believe Everything You Read: The Truth Many Headlines Overlook
Don’t Believe Everything You Read: The Truth Many Headlines Overlook There are a lot of questions right now regarding the real estate market as we head into 2022. The forbearance program is coming to an end and mortgage rates are beginning to rise. With all of this uncertainty, anyone with a megaphone – from the mainstream media to a lone blogger – has realized that bad news sells. Continue Reading about Don’t Believe Everything You Read: The Truth Many Headlines Overlook
Sellers Have Incredible Leverage in Today’s Market
Sellers Have Incredible Leverage in Today’s Market With mortgage rates climbing above 3% for the first time in months, serious buyers are more motivated than ever to find a home before the end of the year. Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), puts it best, saying: “Housing demand remains strong as buyers likely want to secure a home before mortgage Continue Reading about Sellers Have Incredible Leverage in Today’s Market
What Do Past Years Tell Us About Today’s Real Estate Market?
What Do Past Years Tell Us About Today’s Real Estate Market? As you follow the news, you’re likely seeing headlines discussing what’s going on in today’s real estate market. Chances are high that some of the more recent storylines you’ve come across mention terms like cooling or slowing when talking about where the market is headed. But what do these terms mean? The housing market today is Continue Reading about What Do Past Years Tell Us About Today’s Real Estate Market?
What’s Causing Today’s Competitive Real Estate Market? [INFOGRAPHIC]
What’s Causing Today’s Competitive Real Estate Market? [INFOGRAPHIC] Some Highlights Today’s strong sellers’ market is the direct result of high demand and low supply. Low mortgage rates and generational trends have created an increased demand for homes. Meanwhile, the slower pace of new home construction and homeowners staying in their homes longer have both led to today’s low supply. If Continue Reading about What’s Causing Today’s Competitive Real Estate Market? [INFOGRAPHIC]
What Do Supply and Demand Tell Us About Today’s Housing Market?
There’s a well-known economic theory – the law of supply and demand – that explains what’s happening with prices in the current real estate market. Put simply, when demand for an item is high, prices rise. When the supply of the item increases, prices fall. Of course, when demand is very high and supply is very low, prices can rise significantly. Understanding the impact both supply and demand Continue Reading about What Do Supply and Demand Tell Us About Today’s Housing Market?
Early October is the Sweet Spot for Buyers
Are you looking to buy a home? If so, we’ve got good news for you. While there’s no denying the housing market is having a great year, many of the headlines are focused on the perks for sellers. But what about buyers today? As a buyer, you’re likely braving bidding wars and weighing low mortgage rates versus price appreciation as you search for your dream home. If you find yourself a bit Continue Reading about Early October is the Sweet Spot for Buyers
Is Offering Asking Price Enough If You’re a Buyer?
If You’re a Buyer, Is Offering Asking Price Enough? In today’s real estate market, buyers shouldn’t shop for a home with the expectation they’ll be able to negotiate a lower sales price. In a typical housing market, buyers try to determine how much less than the asking price they can offer and still get the home. From there, the buyer and seller typically negotiate and agree on a revised price Continue Reading about Is Offering Asking Price Enough If You’re a Buyer?
