Local Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

April 19, 2019

As the Spring Market Begins, Buyer Demand Surges

Over the years, I have heard so many predictions about the real estate market that have never come true.  Case in point are the predictions that the 2019 real estate market would be a disaster.  Some experts even went so far as to believe that we might experience a housing crash like the one that occurred during the last decade.

Well, the numbers are starting to come in and according to two separate reports, buyer demand has dramatically

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April 12, 2019

Home Value Appreciation Begins To Stabilize

For over a year now, the percentage of home appreciation on a year-over-year basis has decreased each month.  The question out there has been how far would annual appreciation fall in our area. Based on what I am seeing now, it seems that we are finally getting the answer for our area.

I’m starting to sense that home values are beginning to stabilize in our region and that we may see appreciation beginning to accelerate again in some parts of our market. 

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April 5, 2019

Now's the Time for You To Upgrade Your Current House

Have you been looking to upgrade your current home?  It looks like now is the perfect time to move up especially if you have been considering a premium or luxury home in our area.  A premium home is one that is priced at the top 25% of the price range in our area.  A luxury home is defined as one that costs $1 million or more.

In today’s real estate market, there are deals to be had at the higher end.  This is great news for you and anyone else

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March 29, 2019

Putting Your Housing Costs to Work For You

Over the years, I have written a lot about the benefits of home ownership. One benefit that always rises to the top is the added wealth homeowners gain simply by paying their mortgage while their home increases in value.

The National Association of Realtors (NAR) recently broke down the equity gained from principal payments and price

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March 22, 2019

33% of Millennials are Mortgage Ready! Do They Know It?

Much has been written about the millennial generation and whether or not they, as a whole, believe in homeownership as part of attaining the American Dream.

Unlike generations before them, millennials have taken longer to obtain traditional milestones, such as getting married,

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March 15, 2019

Are There Still Bidding Wars?

Over the past few years, we have been in a strong seller’s market where bidding wars were common and expected.  A seller’s market is a market where the inventory of homes for sale cannot satisfy the number of buyers who want to purchase a home.

In some of the areas around us, first-time buyers have been met with stiff competition throughout their experience. 

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March 8, 2019

Our Market is Beginning to "Spring Forward"

Just like our clocks overnight Saturday, our local housing market will soon “Spring Forward”!  Similar to the tension in a spring, the lack of inventory available in our area has been holding back our local market.  

Many potential sellers in our area believe that waiting until spring is in their best interest.  Years ago this would have been the case but buyer demand doesn’t have as much seasonality to it as it did 20 to 30 years ago in our area.

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March 1, 2019

3 Tips For Making Your Home Buying Dreams Come True

If your goal is to buy a home of your own in 2019, here are 3 tips that will help make that dream a reality:

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Feb. 22, 2019

This Will Be a Great Year for Sellers and Buyers

Many potential home sellers believe that rising interest rates have scared away buyers and therefore have not listed their property for sale yet.  But, the truth is that buyers who were unable to find a home last year are out in force, and there are more coming.

Nerd Wallet’s 2018 Home Buyer Report revealed that: Approximately 32% of Americans plan to purchase a home in the

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Feb. 15, 2019

Love=Mortgage+Home? Couples Lead The Way

 

In the most recent Profile of Home Buyers and Sellers from the National Association of Realtors, married couples once again topped the first-time homebuyers statistics in 2018 at 54% of all buyers.  This is very understandable as buying

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Posted in Home Buyers