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!

June 21, 2019

Top Tips for House Hunting Online

Hunting for a new home online is a great place to start your search but keep in mind that you don’t see everything. Real estate agents are great at highlighting the features of a house listing online but to make the most of your time, keep these three things in mind: 

Identify your Housing Needs 

Preferences are important when house searching. A house may not have everything you want but it will have most of

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Posted in Home Buyers
June 14, 2019

Maximizing Your Home's Value

Are you ready to list your home for sale? One of the first questions you might have is, “how can I maximize my home value?” Every seller wants to get the best possible price for their home.  So here are four ways to make sure your potential buyers see the true value of your property and allow you to receive top dollar when you sell. 

  1. Clean, declutter, depersonalize – The first thing every home seller needs to do is take a critical look at the home
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June 9, 2019

Take a Look at Foreclosures

Unfortunately, since the mortgage meltdown, foreclosed properties have become more common. Many home buyers see this as an opportunity to find a great home for a bargain price. While foreclosures can offer some nice discounts,

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Posted in Home Buyers
June 3, 2019

Home Improvements with High ROI

Is your house a little dated? Do you want to make some improvements or upgrades but also want to make sure that you get the best bang for your buck if you decide to sell? Not all home improvements bring a good return on investment when selling, so unless the improvement is simply for your own style and enjoyment, choosing projects

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May 24, 2019

Boomerang Buyers Feel Comfortable Buying Again

According to CoreLogic, from 2006 to 2014 “there were 7.3 million housing foreclosures and 1.9 million short sales.” The hesitation some Americans feel after experiencing a foreclosure brings to mind the old saying: Fool me once-shame on you.  Fool me twice-shame on me.”

According to the 2019 Home Buyer Report from NerdWallet, “Thirteen percent of Americans have lost a home due to a

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May 17, 2019

Lack of Housing Inventory Still Impacts Our Market

The housing crisis in our market is finally in the rear view mirror as our real estate market moves toward complete recovery.  Home values are up and distressed sales (foreclosures and short sales) have fallen to their lowest point in years.  The market will continue to strengthen in 2019.

However, there is one thing that may cause our market to tap the brakes: a lack of housing inventory!  Buyer demand

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May 10, 2019

Rethinking an Economic Slowdown

In recent months, there are many who have believed that a recession could happen within the next two years. Some 70% of economists and market analysts surveyed last year believed that a recession will occur in 2019 or 2020.  

However, the U.S. economy has performed well in the first quarter of 2019 and that has caused some experts to

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May 3, 2019

What Would Make You Want To Sell Your House?

There are many reasons why someone decides to sell their house and move.  The latest Generational Trends Report from the National Association of Realtors asked recent home sellers to share their reason for moving.

The younger the respondents, the more likely their top response centered around needing a larger home (ages 29 to

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April 26, 2019

Cost of Owning Decreases While Rents Increase

 

Over the last couple of months, I have noticed that purchasing a home in our area requires less of a buyer’s monthly paycheck.  

The National Association of Realtors has found a similar trend as their February 2019 Housing Affordability Index showed that the “percentage of income needed” to pay the typical mortgage has decreased the last three months:

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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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