Why Is Housing Inventory So Low? So today we’ll address this frustrating dichotomy – ongoing low inventory even though more homes are coming on the market at a time of year when inventory usually drops even more! For buyers new to the market, one question that’s top of mind if you’re thinking about making a move todayContinue reading “Housing Inventory is Low But More Homes Are Coming onto the Market!”
Author Archives: Your@Home Team with Re/Max Results
Fall Home Maintenance
This morning, I woke up to the kind of weather I love and made plans to pull weeds and cut down the lilies. It now officially feels like fall and that means getting our home prepped for cooler weather. OUTSIDE I always start by walking around the house and checking for any siding damage andContinue reading “Fall Home Maintenance”
How Inflation Affects the Housing Market
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. It comes from a survey ofContinue reading “How Inflation Affects the Housing Market”
How To Know If You’re Ready to Buy a Home
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 market conditions are definitelyContinue reading “How To Know If You’re Ready to Buy a Home”
Ten Steps of Buying New Construction
Currently new construction sales make up almost a third of the housing inventory. If you’re considering new construction, you want to be aware of the benefits and disadvantages of purchasing a new home. It is important to be educated before starting the process. Don’t go onsite without your agent. Usually when you go in, thereContinue reading “Ten Steps of Buying New Construction “
Don’t Expect a Flood of Foreclosures
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 to last year, expertsContinue reading “Don’t Expect a Flood of Foreclosures”
There’s Only Half the Inventory of a Normal Housing Market Today
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 to sell your house.Continue reading “There’s Only Half the Inventory of a Normal Housing Market Today”
The Good, The Bad and The Quirky
An Update of the Bloomington “Homebuyer Mortgage Assistance” Program (“HMA”). Overview Buying a home in Bloomington? The City of Bloomington has a forgivable loan down payment assistance program for buyers purchasing a home within its city limits. The program offers $10,500 of financial aid if you meet the 80% of area median income guidelines. EligibleContinue reading “The Good, The Bad and The Quirky”
Don’t Fall for the Next Shocking Headlines About Home Prices
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 to the last fewContinue reading “Don’t Fall for the Next Shocking Headlines About Home Prices”
Home Prices Are Rebounding
If you’re following the news today, you may feel a bit unsure about what’s happening with home prices and fear whether or not the worst is yet to come. That’s because today’s headlines are painting an unnecessarily negative picture. If we take a year-over-year view, home prices did drop some, but that’s because we’re comparing to a ‘unicorn’ year when prices peaked wellContinue reading “Home Prices Are Rebounding”
Real Estate | Your@HomeTeam 