For the past couple of years, it’s been tough for a lot of homebuyers to make the numbers work. Home prices shot up. Mortgage rates too. And a number of people hit pause because it just didn’t feel possible. Maybe you were one of them. But there’s some encouraging news. If you’ve been waiting forContinue reading “3 Reasons Affordability is Showing Signs of Improvement this Fall”
Tag Archives: home prices
Why 50% of Homes Are Selling for Under Asking and How to Avoid It
The housing market has shifted from a seller’s frenzy to a more normalized state, with about 50% of homes now selling below asking prices. Sellers must adjust pricing strategies and prepare homes carefully to maximize chances of selling at favorable prices. Understanding market dynamics is crucial for successful sales today.
Today’s Tale of Two Housing Markets
The housing market is currently divided, with some regions favoring buyers while others benefit sellers. In the Northeast and Midwest, demand exceeds supply, leading to rising prices. Conversely, the South and West feature more homes than buyers, causing prices to soften. Local insights are essential for navigating these differing conditions effectively.
Housing Market Forecasts for the Rest of 2025
In 2025, home prices are expected to rise by 1.5-2%, despite some local dips. Many buyers anticipate a decrease, but experts foresee steady mortgage rates around 6.5%. Market conditions necessitate strategic decisions over speculation. It’s crucial for buyers and sellers to focus on personal circumstances rather than market headlines.
What Every Homeowner Needs to Know in Today’s Shifting Market
Here’s something you need to know. The housing market is getting back to a healthier, more normal place. And even though it may not sound like it, this shift is actually a good thing. It’s what you should expect. It’s just that our expectations have been skewed by the intense seller’s market over the pastContinue reading “What Every Homeowner Needs to Know in Today’s Shifting Market”
Why Would I Move with a 3% Mortgage Rate?
Many homeowners hesitate to move due to low mortgage rates on their current loan. But personal needs should take priority. Experts predict rising home prices over the next five years, making purchase delays costly. Evaluating future housing plans and timelines is crucial to making informed decisions about moving before prices increase significantly.
Housing Market Forecasts for the Second Half of the Year
The housing market is showing signs of improvement, with expert projections indicating a slight decline in mortgage rates and increased inventory, potentially easing affordability for buyers. While home prices are expected to rise modestly, the pace of growth will slow. Buyers are encouraged to consult local agents for specific market insights.
A Tale of Two Housing Markets
The housing market is evolving from a strong seller’s market to a more balanced environment, allowing buyers more negotiating power. This shift varies by region, with some areas experiencing increased inventory. Understanding local market conditions is essential for making effective real estate decisions, making it crucial to consult with local agents.
Here’s What a Recession Could Mean for the Housing Market
The rising possibility of a recession has sparked concerns about the housing market. Historically, recessions don’t typically cause home prices to drop significantly; rather, they often continue rising. Additionally, mortgage rates usually decline during recessions, improving affordability. Understanding these patterns can alleviate concerns for potential buyers and sellers.
The #1 Thing Sellers Need To Know About Their Asking Price
When selling a home, accurate pricing is crucial due to changing market dynamics and increased inventory. Overpricing can deter buyers and result in lower offers. Agents play a key role in setting competitive prices based on market data. A well-priced home attracts serious buyers and facilitates quicker sales, ensuring better outcomes.
Real Estate | Your@HomeTeam 