Posts Tagged ‘Homebuyer’
Experts Increase 2022 Home Price Projections
Kevin Brierton – 8.17.2022 If you’re wondering if home prices are going to come down due to the cooldown in the housing market or a potential recession, here’s what you need to know. Not only are experts forecasting home prices will continue to appreciate nationwide this year, but most of them also actually increased their projections for home price appreciation…
Read MoreWhat Would a Recession Mean for the Housing Market?
Kevin Brierton – 8.16.2022 According to a recent survey from the Wall Street Journal, the percentage of economists who believe we’ll see a recession in the next 12 months is growing. When surveyed in July 2021, only 12% of economists consulted thought there’d be a recession by now. But this July, when polled, 49% believe we will see…
Read MoreThe U.S. Homeownership Rate Is Growing
Kevin Brierton – 8.15.2022 The desire to own a home is still strong today. In fact, according to the Census, the U.S. homeownership rate is on the rise. To illustrate the increase, the graph below shows the homeownership rate over the last year: That data shows more than half of the U.S. population live in a home they…
Read MoreWhat Does the Rest of the Year Hold for Home Prices?
Kevin Brierton – 8.11.2022 Whether you’re a potential homebuyer, seller, or both, you probably want to know: will home prices fall this year? Let’s break down what’s happening with home prices, where experts say they’re headed, and why this matters for your homeownership goals. Last Year’s Rapid Home Price Growth Wasn’t the Norm In 2021, home prices appreciated quickly. One reason…
Read MoreIs the Shifting Market a Challenge or an Opportunity for Homebuyers?
Kevin Brierton – 8.10.2022 If you tried to buy a home during the pandemic, you know the limited supply of homes for sale was a considerable challenge. It created intense bidding wars which drove home prices up as buyers competed with one another to be the winning offer. But what was once your greatest challenge may now be your…
Read MoreSelling Your House? Your Asking Price Matters More Now Than Ever
Kevin Brierton – 8.9.2022 There’s no doubt about the fact that the housing market is slowing from the frenzy we saw over the past two years. But what does that mean for you if you’re thinking of selling your house? While home prices are still appreciating in most markets and experts say that will continue, they’re climbing at a…
Read MoreWhy the Forbearance Program Changed the Housing Market
Kevin Brierton – 8.8.2022 When the pandemic hit in 2020, many experts thought the housing market would crash. They feared job loss and economic uncertainty would lead to a wave of foreclosures similar to when the housing bubble burst over a decade ago. Thankfully, the forbearance program changed that. It provided much-needed relief for homeowners so a…
Read MoreWhy It’s Still a Sellers’ Market
Kevin Brierton – 8.4.2022 As there’s more and more talk about the real estate market cooling off from the peak frenzy it saw during the pandemic, you may be questioning what that means for your plans to sell your house. If you’re thinking of making a move, you should know the market is still anything but normal. Even…
Read MoreBuying a Home May Make More Financial Sense Than Renting One
Kevin Brierton – 8.3.2022 If rising home prices leave you wondering if it makes more sense to rent or buy a home in today’s housing market, consider this. It’s not just home prices that have risen in recent years – rental prices have skyrocketed as well. As a recent article from realtor.com says: “The median rent across the 50 largest US metropolitan…
Read More3 Graphs To Show This Isn’t a Housing Bubble
Kevin Brierton – 8.2.2022 With all the headlines and buzz in the media, some consumers believe the market is in a housing bubble. As the housing market shifts, you may be wondering what’ll happen next. It’s only natural for concerns to creep in that it could be a repeat of what took place in 2008. The good…
Read MoreWhy Are People Moving Today?
Kevin Brierton – 8.1.2022 Buying a home is a major life decision. That’s true whether you’re purchasing for the first time or selling your house to fuel a move. And if you’re planning to buy a home, you might be hearing about today’s shifting market and wondering what it means for you. While mortgage rates are higher than they were…
Read MoreA Real Estate Professional Helps You Separate Fact from Fiction
Kevin Brierton – 7.28.2022 If you’re following the news, chances are you’ve seen or heard some headlines about the housing market that don’t give the full picture. The real estate market is shifting, and when that happens, it can be hard to separate fact from fiction. That’s where a trusted real estate professional comes in.…
Read MoreWant To Buy a Home? Now May Be the Time.
Kevin Brierton – 7.27.2022 There are more homes for sale today than at any time last year. So, if you tried to buy a home last year and were outbid or out priced, now may be your opportunity. The number of homes for sale in the U.S. has been growing over the past four months as rising mortgage rates help slow…
Read MoreA Window of Opportunity for Homebuyers
Kevin Brierton – 7.26.2022 Mortgage rates are much higher today than they were at the beginning of the year, and that’s had a clear impact on the housing market. As a result, the market is seeing a shift back toward the range of pre-pandemic levels for buyer demand and home sales. But the transition back toward…
Read MoreWhat’s Causing Ongoing Home Price Appreciation?
Kevin Brierton – 7.25.2022 If you’re thinking about making a move, you probably want to know what’s going to happen to home prices for the rest of the year. While experts say price growth will moderate due to the shifting market, ongoing appreciation is expected. That means home prices won’t fall. Here’s a look at two key reasons experts forecast…
Read MoreThink Home Prices Are Going To Fall? Think Again
Kevin Brierton – 7.21.2022 Over the last two years, the rate of home prices appreciated at a dramatic pace. While that led to incredible equity gains for homeowners, it’s also caused some buyers to wonder if home prices will fall. It’s important to know the housing market isn’t a bubble about to burst, and home price growth is supported…
Read MoreShould You Buy a Home with Inflation This High?
Kevin Brierton – 7.20.2022 While the Federal Reserve is working hard to bring down inflation, the latest data shows the inflation rate is still going up. You no doubt are feeling the pinch on your wallet at the gas pump or the grocery store, but that news may also leave you wondering: should I still buy a home right now?…
Read MoreWhy Pre-Approval Is a Game Changer for Homebuyers
Kevin Brierton – 7.19.2022 If you’re planning to buy a home this year, you might have heard that pre-approval is a necessary step to take before starting out on your journey. But why is that? And is it still important in today’s shifting market? The truth is, getting a pre-approval letter from your lender is critical, and when…
Read MoreWondering Where You’ll Move if You Sell Your House Today?
Kevin Brierton – 7.18.2022 If you put a pause on your home search because you weren’t sure where you’d go once you sold your house, it might be a good time to get back into the market. That’s because today’s market is undergoing a shift, and the supply of homes for sale is increasing as a result. That…
Read MoreHousing Experts Say This Isn’t a Bubble
Kevin Brierton – 7.14.2022 With so much talk about an economic slowdown, some people are asking if the housing market is heading for a crash like the one in 2008. To really understand what’s happening with real estate today, it’s important to lean on the experts for reliable information. Here’s why economists and industry experts say the housing market is…
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