To buy or to rent?
Eric Firestone Real Estate Blog
by Eric Firestone
7M ago
Deciding whether to jump into the housing market or keep renting instead is rarely an easy decision – especially if you’re a first-time homebuyer. But in today’s whirlwind market, you may find it particularly challenging to pinpoint the best time to start exploring homeownership. Keep reading for five questions to answer before buying your first home.  A real estate boom during the pandemic pushed home prices to an all-time high.1 Add higher mortgage rates to the mix, and some would-be buyers are wondering if they should wait to see if prices or rates come down. But is renting a better al ..read more
Visit website
Higher Rates and Short Supply: The State of Real Estate in 2022
Eric Firestone Real Estate Blog
by Eric Firestone
7M ago
The last two years caught many of us off guard—and not just because of the pandemic. They also ushered in the hottest housing market on record, with home prices rising nationally by nearly 19% in 2021, driven primarily by low mortgage rates, a major supply shortage, and a year’s worth of buyers that expoloded out of the flood gates.1 But while some had hoped 2022 would bring a return to normalcy, the U.S. real estate market continues to boom, despite rising interest rates and decreasing affordability. So what’s driving this persistent demand? And is there an end in sight? Here are three factor ..read more
Visit website
3 Real Estate Investment Types to Hedge Against Inflation
Eric Firestone Real Estate Blog
by Eric Firestone
7M ago
The annual inflation rate in the United States is currently around 7.5%—the highest it has been since 1982.1 It doesn’t matter if you’re a cashier, lawyer, plumber, or retiree; if you spend U.S. dollars, inflation impacts you. Moreover, economists expect the effects of inflation, like a higher cost of goods, to continue.2 Luckily, an investment in real estate can ease some of the financial strain – here are three different ways! First, here’s what you need to know about inflation and how it impacts you. WHAT IS INFLATION AND HOW DOES IT IMPACT ME? Inflation is a decline in the value of money ..read more
Visit website
8 Popular Home Design Features for 2022
Eric Firestone Real Estate Blog
by Eric Firestone
7M ago
There’s a lot to consider when selling your home – from the market and appraisals to where you’ll go next. Don’t forget, however, that design is also a key factor. It’s often one of the first things buyers notice when they walk into a home, and it’s also a detail that you, as a seller, can easily control. Updating your home design is one way to do that. Changes like new security features or upgraded siding can add value to your home now and be highlighted when you market it for sale later. To get the most out of your updates, focus on these 8 popular home design features that will wow buyers i ..read more
Visit website
A Return to ‘Normal’? The State of Real Estate in 2022
Eric Firestone Real Estate Blog
by Eric Firestone
7M ago
Last year was one for the real estate history books. The pandemic helped usher in a buying frenzy that caused home prices to soar nationwide by a record 19.9% between August 2020 and August 2021.1 However, there were signs in the fourth quarter that the red-hot housing market was beginning to simmer down. In the month of October, only 60.3% of sales involved a bidding war—down from a high of 74.5% in April.2 While this trend could be attributed to seasonality, it could also be a signal that the real estate run-up may have passed its peak. So what’s ahead for the U.S. housing market in 2022? He ..read more
Visit website
20 Unique Home Gifts for Every Person on Your List
Eric Firestone Real Estate Blog
by Eric Firestone
7M ago
Every year, it seems the holidays sneak up on us—and every year, that brings with it the dreaded last-minute gift panic. Finding a present that hits all the right notes can be surprisingly stressful, even when it comes to people you’ve known for years. But have no fear! I’ve lined up a list of unique gifts for every “type” on your list. And since I work in real estate, they’re all centered around home life. From the coffee snob to the sports enthusiast, these presents are the perfect way to bring beauty, function or a touch of whimsy to your loved one’s home this holiday season. FOR THOSE WHO ..read more
Visit website
New Build or Existing Home: Which One Is Right for You?
Eric Firestone Real Estate Blog
by Eric Firestone
7M ago
Homebuyers today are facing a huge dilemma. There simply aren’t enough homes for sale.1 Nationwide, there were 1.27 million active listings in September, down 13% from the previous year. According to the National Association of Realtors, that’s about 2.4 months of inventory, which is far less than the six months that is generally needed to strike a healthy balance between supply and demand.2 Given the limited number of available properties, if you’re a buyer in today’s market, you may need to expand your search to include both new construction and resale homes. But it can feel a little like co ..read more
Visit website
10 Important Things You Need to Do When Buying A Home
Eric Firestone Real Estate Blog
by Eric Firestone
7M ago
Before making any decision, for you in this blog, we’ll discuss 10 important that a buyer should consider when buying a home is which based on the importance of the individual buyer. Location One of the most important factors to consider is location. Buyers want to find a place that provides easy access to the office, school, shopping, entertainment, places of worship, and family. Be sure to pay special attention to the area where you buy a home. Find easy access to the major roads you visit the most and know the flow of traffic. If you look at this before you buy it, you can save the trouble ..read more
Visit website
9 Tips for Buying and Selling Your Home at the Same Time
Eric Firestone Real Estate Blog
by Eric Firestone
7M ago
Selling your home when you still need to shop for a new one can feel daunting to even the most seasoned homeowner––especially when the demand for new homes keeps rising, but the supply feels like it’s dwindling.¹ You’re not alone either if you’re already feeling drained by the complex logistics of trying to sell and buy a new home all at once. Searching for a new home can be exciting, but many homebuyers admit that it can also be stressful, especially if you live in an unpredictable market with plenty of competitors. Unfortunately, waiting out a competitive housing market isn’t always the best ..read more
Visit website
To buy or to rent?
Eric Firestone Real Estate Blog
by Eric Firestone
1y ago
Deciding whether to jump into the housing market or keep renting instead is rarely an easy decision – especially if you’re a first-time homebuyer. But in today’s whirlwind market, you may find it particularly challenging to pinpoint the best time to start exploring homeownership. Keep reading for five questions to answer before buying your first home.  A real estate boom during the pandemic pushed home prices to an all-time high.1 Add higher mortgage rates to the mix, and some would-be buyers are wondering if they should wait to see if prices or rates come down. But is renting a better al ..read more
Visit website

Follow Eric Firestone Real Estate Blog on FeedSpot

Continue with Google
Continue with Apple
OR