Market Updates

Nov. 17, 2021

Market Report for Holiday Season

Holiday cheer is in the air and this season gives special meaning to being at home. I hope this month finds you and yours enjoying memorable time together.

As 2021 comes to a close, there are many questions about what 2022 holds for the local, statewide and national housing market ...

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Posted in Market Updates
Oct. 27, 2021

Great News! Your Home Equity is Growing.

If you’re a homeowner, today’s rising equity is great news. On average, homeowners have gained $51,500 in equity since this time last year. National Equity increased by 29.3%.

Home Equity is a great tool that can be used to power dreams. Consider:

=>Funding an education

=>Fueling your next ...

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Posted in Market Updates
Oct. 7, 2021

What Supply and Demand Means in Today’s Market

For most of the last two years, the law of supply and demand has taken front and center stage in the housing market. Simply stated, when demand is high, prices rise; when supply increases, prices fall.

In today’s market, demand for homes is very high while the supply is very ...

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Posted in Market Updates
Oct. 4, 2021

It’s Still a Sellers’ Market

Due to low supply and high demand, today is one of the strongest sellers’ markets we’ve seen.

There’s a reason why 73% of people believe it’s a good time to sell.

Sellers benefit from three things:

  • More offers to pick from (3.8 offers in August 2021)
  • Higher home values ...
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Posted in Market Updates
Sept. 28, 2021

Today's Housing Market is like No Other

Whether you’re buying or selling, today’s housing market has lots of good news for everyone involved!

Buyers have a fantastic opportunity to get low mortgage interest rates, reap benefits of escaping rising rents, and secure an affordable monthly payment.

Sellers are in the catbird seat to receive multiple offers and ...

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Posted in Market Updates
Sept. 15, 2021

The Autumn Real Estate Market

The kids are back in school ready to resume another year of academic learning. Pumpkin Spice Lattes have returned to Starbucks. Leaves are starting to fall on well-manicured yards.

Autumn has arrived.

The autumn real estate market has also begun and will continue until Thanksgiving. This time of year is ...

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Posted in Market Updates
Aug. 23, 2021

Forbearance Worries?

There has been talk in the media that the national forbearance program implemented at the start of the pandemic and soon to come to an end, will lead to a wave of foreclosures and cause chaos in today’s sizzling hot real estate market. Forbearance allowed borrowers to pause their payments ...

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Posted in Market Updates
Aug. 9, 2021

Costs of Waiting to Buy a Home

There’s a lot of confusing information out there right now about whether now or later is the best time to buy a home and, the numbers do in fact speak loudly and deserve serious consideration.

 

Mortgage rates and home prices will rise as buyers choose to wait. The slightest ...

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Posted in Market Updates
July 26, 2021

Not a Housing Bubble: 3 Charts Show Why

Home prices are continuing to deliver double-digit increases right now, so it’s understandable that many are concerned that we’re in a housing bubble like in 2006.

A closer look at current market data – and the following 3 illustrations – all indicate that history is in fact, not repeating itself ...

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Posted in Market Updates
July 16, 2021

July 2021 Market Update

It’s been a fantastic summer so far.

As vaccination rates rise, and the recovery strengthens, optimism is growing. I hope you have had the opportunity to gather with friends and family to enjoy a barbecue, celebrate Independence Day, plan a vacation or just sit in the backyard and enjoy these ...

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Posted in Market Updates