Posts Tagged ‘Housing’
Understanding the Benefits of Owning Your First Home
Kevin Brierton – 10.4.2023 Are you considering buying your first home? If so, it can be helpful to know what led other people to make that decision. According to a recent survey of first-time homebuyers by PulteGroup: “When asked why they purchased their first home recently, the answer was simple: because they wanted to. Either the desire to stop renting…
Read MoreHome Prices Are Not Falling
Kevin Brierton – 10.3.2023 During the fourth quarter of last year, some housing experts projected home prices were going to crash in 2023. The media ran with those forecasts and put out headlines calling for doom and gloom in the housing market. All of this negative news coverage made a lot of people have doubts about the strength…
Read MoreWhy Today’s Housing Inventory Shows a Crash Isn’t on the Horizon
Kevin Brierton – 9.27.2023 You might remember the housing crash in 2008, even if you didn’t own a home at the time. If you’re worried there’s going to be a repeat of what happened back then, there’s good news – the housing market now is different from 2008. One important reason is there aren’t enough homes for sale.…
Read MoreThe Return of Normal Seasonality for Home Price Appreciation
Kevin Brierton – 9.26.2023 If you’re thinking of making a move, one of the biggest questions you have right now is probably: what’s happening with home prices? Despite what you may be hearing in the news, nationally, home prices aren’t falling. It’s just that price growth is beginning to normalize. Here’s the context you need to really understand that trend. In…
Read MoreWhy Is Housing Inventory So Low?
Kevin Brierton – 9.14.2023 One question that’s top of mind if you’re thinking about making a move today is: Why is it so hard to find a house to buy? And while it may be tempting to wait it out until you have more options, that’s probably not the best strategy. Here’s why. There aren’t enough homes available for sale,…
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 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 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 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 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 MoreTips for Making Your Best Offer on a Home
Kevin Brierton – 7.26.2023 While the wild ride that was the ‘unicorn’ years of housing is behind us, today’s market is still competitive in many areas because the supply of homes for sale is still low. If you’re looking to buy a home this season, know that the peak frenzy of bidding wars is in the rearview mirror, but you may…
Read MoreToday’s Housing Inventory Is a Sweet Spot for Sellers
Kevin Brierton – 7.6.2023 One of the biggest challenges in the housing market right now is how few homes there are for sale compared to the number of people who want to buy them. To help emphasize just how limited housing inventory still is, let’s take a look at the latest information on active listings,…
Read MoreLending Standards Are Not Like They Were Leading Up to the Crash
Kevin Brierton – 6.28.2023 You might be worried we’re heading for a housing crash, but there are many reasons why this housing market isn’t like the one we saw in 2008. One of which is how lending standards are different today. Here’s a look at the data to help prove it. Every month, the Mortgage…
Read MoreWhy Buying or Selling a Home Helps the Economy and Your Community
Kevin Brierton – 6.15.2023 If you’re thinking about buying or selling a house, it’s important to know that it doesn’t just affect your life, but also your community. The National Association of Realtors (NAR) releases a report every year to show how much economic activity is generated by home sales. The chart below illustrates that…
Read MoreAre Home Prices Going Up or Down? That Depends…
Kevin Brierton – 6.12.2023 Media coverage about what’s happening with home prices can be confusing. A large part of that is due to the type of data being used and what they’re choosing to draw attention to. For home prices, there are two different methods used to compare home prices over different time periods: year-over-year…
Read MoreThis Real Estate Market Is the Strongest of Our Lifetime
Kevin Brierton – 6.8.2023 When you look at the numbers today, the one thing that stands out is the strength of this housing market. We can see this is one of the most foundationally strong housing markets of our lifetime – if not the strongest housing market of our lifetime. Here are two fundamentals that…
Read MoreThe Main Reason Mortgage Rates Are So High
Kevin Brierton – 6.7.2023 Today’s mortgage rates are top-of-mind for many homebuyers right now. As a result, if you’re thinking about buying for the first time or selling your current house to move into a home that better fits your needs, you may be asking yourself these two questions: Here’s context you need to help…
Read MoreThe Benefits of Selling Now, According to Experts
Kevin Brierton – 5.25.2023 If you’re trying to decide if now’s the time to sell your house, here’s what you should know. The limited number of homes available right now gives you a big advantage. That’s because there are more buyers out there than there are homes for sale. And, with so few homes on…
Read MorePowerful Job Market Fuels Homebuyer Demand
Kevin Brierton – 5.18.2023 The spring housing market has been surprisingly active this year. Even with affordability challenges and a limited number of homes for sale, buyer demand is strong and getting stronger. One way we know there are interested buyers right now is because showing traffic is up. Data from the latest ShowingTime Showing…
Read MoreWhat You Need To Know About Home Price News
Kevin Brierton – 5.17.2023 The National Association of Realtors (NAR) will release its latest Existing Home Sales Report tomorrow. The information it contains on home prices may cause some confusion and could even generate some troubling headlines. This all stems from the fact that NAR will report the median sales price, while other home price indices…
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