Foreclosure Numbers Today Aren’t Like 2008 If you've been keeping up with the news lately, you've probably come across headlines talking about the increase in foreclosures in today’s housing market. This may have left you with some uncertainty, especially if you're considering buying a home. It’s important to understand the context of these reports to know the truth about what’s happening today. According to a recent report from ATTOM, a property data provider, foreclosure filings are up 2% compared to the previous quarter and 8% since one year ago. While media headlines are d ..read more

original article by kcm Many of today’s homeowners bought or refinanced their homes during the pandemic when mortgage rates were at history-making lows. Since rates doubled in 2022, some of those homeowners put their plans to move on hold, not wanting to lose the low mortgage rate they have on their current house. And while today’s rates have started coming down from last year’s peak, they’re still higher than they were a couple of years ago. Today, 93% of outstanding mortgages have a rate at or below 6%. That means a strong majority of homeowners with mortgages have a rate below wha ..read more

original article from kcm. Last year, the housing market slowed down in response to higher mortgage rates, and that had an impact on home prices. If you’re thinking of selling your house soon, that means you’ll want to adjust your expectations accordingly. As realtor.com explains: “. . . some of the more prominent pandemic trends have changed, so sellers might wish to adjust accordingly to get the best deal possible.” In a more moderate market, how you price your house will make a big difference to not only your bottom line, but to how quickly your house could sell. A ..read more

Ready To Sell? Today’s Housing Supply Gives You Two Opportunities. article from kcm At first glance, the increase in housing supply compared to last year may not sound like good news for prospective sellers, but it actually gives you two key opportunities in today’s housing market. An article from Calculated Risk helps put the inventory gains the market has seen in 2022 into perspective by comparing it to recent years (see graph below). It shows supply has surpassed 2021 levels by 58%. But the further back you look, the more you’ll understand the bigger picture. A ..read more

  original article from KCM  As you look ahead to the winter season, you’re likely making plans and thinking about what you want to achieve before the year ends. One of those key decision points could be whether or not you want to move this year. If the location or size of your current home no longer meets your needs, finding a house that better suits your lifestyle may be a top priority for you. But with today’s cooling housing market, is it really a good time to sell your house, or should you wait? If you’re ready to make your decision, here are three reasons you may want to ..read more

Perspective Matters When Selling Your House Today original article by KCM, which can be found here Does the latest news about the housing market have you questioning your plans to sell your house? If so, perspective is key. Here are some of the ways a trusted real estate professional can explain the shift that’s happening today and why it’s still a sellers’ market even during the cooldown. Fewer Homes for Sale than Pre-Pandemic While the supply of homes available for sale has increased this year compared to last, we’re still nowhere near what’s considered a balanced market. A&nb ..read more

original article by Rae Hartley Beck can be found here. Selling a house can be a tricky business. With real estate remaining hot in spite of recent interest rate hikes, sellers are still in the driver’s seat. But when it comes time to move out, they don’t exactly get free rein to take whatever they want. What can sellers bring with them to their next home, and what must stay behind for the new owners? What must stay with a house when it’s sold? Deciding what must stay with your home after it’s sold can be difficult. Some things are obvious — of course your furniture will come with you&nbs ..read more

The orginal article by Anna Bahney can be found here. Home prices are at record highs and still rising, but there are some early indications that the market may be starting to cool. For sellers looking to get top dollar for their home, the time to sell is now. But homeowners are still holding back from listing their homes, said Jeff Tucker, senior economist at Zillow. While the inventory of homes for sale has ticked up this spring, he said it has more to do with buyers retreating than a flood of new homes hitting the market. "Sellers don't seem to be particularly incentiviz ..read more

click "here" to read the original article by Matt Carson So, you've decided to sell your house—now what? There are many steps involved, and the whole process can sometimes seem confusing, even overwhelming. Well, we're here to help. While each home sale can be just a little different, there are a few things that they will have in common. We've put together a handy guide to walk you through this journey from start to finish, to make selling your home a smooth and potentially more lucrative experience. Let's dive in.    Step 1: Speak with a Real Estate Agent The first step should ..read more

original article by Jody Ellis and Christopher Rogacz can be found here. In a perfect world, you can put your current house on the market, sell quickly to get your equity out of your home to use for a down payment, and find your next dream home just as quickly. In the real world, however, it’s not always that easy, and you can usually expect some overlap as you navigate how to sell and buy a house at the same time. At best, you’re dealing with a bit of a juggling act with some element of risk, which can be very stressful. But it does happen, and it happens much more often than you might ..read more