January 27, 2023 Being a Real Estate Professional By: Melissa Dittmann Tracey Great article from our friends at NAR. Things appear to be stabilizing heading into the spring market! Pending home sales increased in December for the first time in six months, and new-home sales and mortgage applications are rising. New housing data released this weekContinue reading “New Housing Data Suggests Market Slowdown Is Ending”
Tag Archives: Housing
The Average Homeowner Gained $64K in Equity over the Past Year
Check out this article from our friends at KCM. It’s still a great time to sell! Sellers are still gaining equity in 2022 and some price points still have extremely low inventory! Low inventory means HIGH demand, which often results in multiple offers and a higher sales price. Give me a call and let’s discussContinue reading “The Average Homeowner Gained $64K in Equity over the Past Year”
Now for the rest of the story….
The income needed to afford a mortgage for a forecasted median existing-home sales price expected to hit over $400,000 is at least $96,755, up from $63,956 a year ago, for a 10% down payment 30-year loan. Shocking huh… What they forget to tell you is there are ways to purchase a home for as littleContinue reading “Now for the rest of the story….”
FACT VS FICTION: THE TRUTH ABOUT TODAY’S HOUSING MARKET
Once again, the folks over at KCM keep us well informed with some great information about the current housing market. One of the most important parts of being an agent is being able to have a relevant market opinion based on facts. And this goes beyond just your local data. When you think about it,Continue reading “FACT VS FICTION: THE TRUTH ABOUT TODAY’S HOUSING MARKET”
Home Features Prompting More Americans to Move￼
Check out this great little article from NAR on reasons people are citing for making a move in the current housing market. About 40% of 2,100 Americans recently surveyed say they are considering a move in 2022. Gen Z and millennials, remote workers, renters, and parents with young children are all planning a move, accordingContinue reading “Home Features Prompting More Americans to Move￼”
IS THE REAL ESTATE MARKET GOING TO LAST?
The housing market is going to come back down at some point, but the prediction is the drop won’t end up in a crash like 2008. Check out the great information from our friends over at Keeping Current Matters. If you are planning on listing your home in 2022 or you have a few realContinue reading “IS THE REAL ESTATE MARKET GOING TO LAST?”
2022 Housing Market Perspective
I just received this great info graphic from our friends at Michigan Mortgage. It looks like 2022 is shaping up to be another good year for both buyers and sellers in the real estate market! Things look like they could be a little more stable for buyers, but still lacking the inventory for first timeContinue reading “2022 Housing Market Perspective”