This Spring, first-time homebuyers may find renewed opportunities in various markets, as Zillow reports that median-income households can afford 68% of homes in top metros. Factors such as increased inventory, stabilizing prices, and rising incomes are contributing to this shift. Even in less popular markets, opportunities exist with proper guidance.
Tag Archives: housing market
Getting a Tax Refund? Here’s How It Can Help You Buy a Home
Using your tax refund wisely can significantly aid you in buying a home. With refunds averaging 11.1% higher this year, consider applying it towards your down payment, closing costs, or even lowering your mortgage rate. Consult professionals to develop a tailored plan to maximize your refund for homeownership.
Your House Hasn’t Sold Yet. Should You Rent It Out Instead?
The rise of accidental landlords occurs as homeowners, faced with stagnant sales, consider renting instead. This decision involves evaluating the property’s rental potential, readiness to manage landlord responsibilities, and the financial implications. Homeowners are advised to consult real estate agents to explore better selling strategies before committing to renting.
The Best Week to List Your House is Just Around the Corner!
Realtor.com identifies April 12–18 as the optimal week to sell a home this spring. Homes listed during this time receive 16.7% more views and sell 17% faster, often for about $5,300 more than average. Sellers should prepare their homes now to maximize interest and price potential this season.
The #1 Reason Buyers Walk Away (And How to Get Ahead of It)
The rise in contract cancellations, driven by inspection issues, is creating challenges for home sellers, especially in today’s market with numerous options for buyers. With over 70% of canceled contracts resulting from inspection problems, addressing potential deal-breakers before listing is crucial. Engaging a knowledgeable agent can help identify and resolve key issues, ensuring a smoother sale process.
Are Home Prices Dropping? Here’s the Real Story.
Despite social media claims of falling home prices, the overall trend shows stability or modest increases in most regions. Nationally, median home prices rose 1.2% year-over-year. While some markets experience slight declines, they are minor compared to significant long-term growth. The broader picture indicates that homeowners remain in a strong position.
The Real Reason Home Sales Slowed in January. And it’s not What You Think.
January’s drop in home sales, reported at 8.4%, is largely attributed to seasonal patterns and adverse weather conditions rather than a decline in demand. Historically, sales dip during January and recover in February as spring approaches. Improving affordability suggests that sales activity will increase in the coming months.
Inventory is Making a Comeback in 2026
After a prolonged period of low inventory, the housing market is witnessing improvement, with available homes for sale in January at their highest since 2020. Although not uniform across all areas, this trend offers buyers more options and negotiating power. Continued inventory growth is anticipated, enhancing the market’s balance.
Top 2026 Housing Markets for Buyers and Sellers
In 2026, the housing market is expected to show significant regional differences, with some areas favoring sellers and others benefiting first-time buyers. Seller markets will exhibit strong buyer interest and quicker sales, while buyer markets will offer more affordable prices and less competition. Local conditions will determine strategies for both buyers and sellers.
Mortgage Rates Recently Hit a 3-Year Low. Here’s Why That’s Still a Big Deal
Mortgage rates have dipped to their lowest in nearly three years, now hovering around the low 6% range. This drop provides potential homebuyers with increased affordability, allowing approximately 550,000 households to enter the market within the next 12 to 18 months. It’s an encouraging time for those previously sidelined.
Real Estate | Your@HomeTeam 