Posts Tagged ‘Housing Market’
Are More Homes Coming onto the Market?
Kevin Brierton – 9.18.2023 An important factor shaping today’s market is the number of homes for sale. And, if you’re considering whether or not to list your house, that’s one of the biggest advantages you have right now. When housing inventory is this low, your house will stand out, especially if it’s priced right. But there are some early…
Read MoreLook Beyond Rates: The Keys to Picking the Right Mortgage Lender
In an environment where mortgage rates are rising, many homebuyers decide that getting the lowest interest rate is the most important factor when choosing a mortgage lender. And while a competitive rate is important and should be considered when shopping for a home loan, focusing solely on the rate and ignoring other important parts of…
Read MoreExpert Home Price Forecasts Revised Up for 2023
Kevin Brierton – 9.5.2023 Toward the end of last year, there were a number of headlines saying home prices were going to fall substantially in 2023. That led to a lot of fear and questions about whether there was going to be a repeat of the housing crash that happened back in 2008. But the headlines got…
Read MoreWhy It’s Still a Seller’s Market Today
Kevin Brierton – 9.4.2023 Even though activity in the housing market has slowed from the frenzy that was the ‘unicorn’ years, it’s still a seller’s market because the supply of homes for sale is so low. But what does that really mean for you? And why are conditions today so good if you want to sell your house? The…
Read MoreWarren Buffett and Goldman Sachs Do Not Think Home Prices Will Fall – What Are They Seeing?
The U.S. housing market is going through a crucial period in 2023, and there are a lot of conflicting opinions about where things are headed. Some believe that the trajectory of home prices over the last few years means we are due for a market correction, while others look at supply and demand data and…
Read MoreHow Inflation Affects the Housing Market
Kevin Brierton – 8.31.2023 Have you ever wondered how inflation impacts the housing market? Believe it or not, they’re connected. Whenever there are changes to one, both are affected. Here’s a high-level overview of the connection between the two. The Relationship Between Housing Inflation and Overall Inflation Shelter inflation is the measure of price growth specific to housing.…
Read MoreBuyer Traffic Is Still Stronger than the Norm
Kevin Brierton – 8.30.2023 Are you putting off selling your house because you’re worried no one’s buying because of where mortgage rates are? If so, know this: the latest data shows plenty of buyers are still out there, and they’re purchasing homes today. Here’s the data to prove it. The ShowingTime Showing Index is a measure of buyers touring homes. The…
Read MoreGen Z: The Next Generation Is Making Moves in the Housing Market
Kevin Brierton – 8.28.2023 Generation Z (Gen Z) is eager to put down their own roots and achieve financial independence. As a result, they’re turning to homeownership. According to the latest Home Buyers and Sellers Generational Trends Report from the National Association of Realtors (NAR), 30% of Gen Z buyers transitioned straight from living under their parents’ roofs to owning…
Read MoreMore Jobs and Better Pay Leads to More Buyer Demand
Kevin Brierton – 8.24.2023 There’s been talk about a recession for quite a while now. But the economy has been remarkably resilient. Why? One reason is employment and wages have stayed strong. Let’s look at the latest information on each one and why both are good news if you’re thinking about selling your house. More…
Read MoreWhy You Need a True Expert in Today’s Housing Market
Kevin Brierton – 8.23.2023 The housing market continues to shift and change, and in a fast-moving landscape like we’re in right now, it’s more important than ever to have a trusted real estate agent on your side. Whether you’re buying your first home or selling once again, it’s mission-critical to work with an expert who can…
Read MorePeople Want Less Expensive Homes – And Builders Are Responding
Kevin Brierton – 8.17.2023 In today’s housing market, there are two main affordability challenges impacting buyers: mortgage rates that are higher than they’ve been the past couple of years, and rising home prices caused by low inventory. To overcome those challenges, many people are working with their agents to find less expensive homes. And with newly built homes making up a…
Read MoreDon’t Expect a Flood of Foreclosures
Kevin Brierton – 8.16.2023 The rising cost of just about everything from groceries to gas right now is leading to speculation that more people won’t be able to afford their mortgage payments. And that’s creating concern that a lot of foreclosures are on the horizon. While it’s true that foreclosure filings have gone up a bit compared…
Read MoreWhere Are People Moving Today and Why?
Kevin Brierton – 8.14.2023 Plenty of people are still moving these days. And if you’re thinking of making a move yourself, you may be considering the inventory and affordability challenges in the housing market and wondering what you can do to help offset those. A new report from Gravy Analytics provides insight into where people are searching for homes and what they’re prioritizing most right…
Read MoreAbout 11,000 Houses Will Sell Today
Kevin Brierton – 8.10.2023 Some homeowners have been waiting for months to put their house on the market because they don’t think people are buying homes right now. If that’s you, know that even though the housing market has slowed compared to the frenzy of a couple of years ago, it isn’t at a standstill. Contrary to what you may believe,…
Read MoreThere’s Only Half the Inventory of a Normal Housing Market Today
Kevin Brierton – 8.8.2023 Wondering if it still makes sense to sell your house right now? The short answer is, yes. Especially if you consider how few homes there are for sale today. You may have heard inventory is low right now, but you may not fully realize just how low or why that’s a perk when you go…
Read MoreHow Inflation Affects Mortgage Rates
Kevin Brierton – 8.3.2023 When you read about the housing market in the news, you might see something about a recent decision made by the Federal Reserve (the Fed). But how does this decision affect you and your plans to buy a home? Here’s what you need to know. The Fed is trying hard to reduce inflation. And even…
Read MoreHow To Know If You’re Ready to Buy a Home
Kevin Brierton – 8.2.2023 If you’re trying to decide if you’re ready to buy a home, there’s probably a lot on your mind. You’re thinking about your finances, today’s mortgage rates and home prices, the limited supply of homes for sale, and more. And, you’re juggling how all of those things will impact the choice you’ll make. While housing…
Read MoreHomebuyers Are Still More Active Than Usual
Kevin Brierton – 7.27.2023 Even though the housing market is no longer experiencing the frenzy that was so characteristic of the last couple of years, it doesn’t mean today’s market is at a standstill. In actuality, buyer traffic is still strong today. The ShowingTime Showing Index is a measure of how much buyers are touring homes. The graph…
Read MoreDon’t Fall for the Next Shocking Headlines About Home Prices
Kevin Brierton – 7.25.2023 If you’re thinking of buying or selling a home, one of the biggest questions you have right now is probably: what’s happening with home prices? And it’s no surprise you don’t have the clarity you need on that topic. Part of the issue is how headlines are talking about prices. They’re basing their negative news by comparing current stats…
Read MoreForeclosure Numbers Today Aren’t Like 2008
Kevin Brierton – 7.24.2023 If you’ve been keeping up with the news lately, you’ve probably come across headlines talking about the increase in foreclosures in today’s housing market. This may have left you with some uncertainty, especially if you’re considering buying a home. It’s important to understand the context of these reports to know the truth…
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