The Optimal Time to List Your House is Quickly Approaching Considering a move? If you’ve been contemplating putting your house on the market, the timing may be just right. According to experts, the optimal week to list your property is approaching. Based on a recent analysis by Realtor.com, which examined housing market trends over the years (excluding 2020 due to its unique circumstances), the prime week to sell this year falls between April 14th and April 20th: “Each year, there’s a standout week when selling a home feels particularly advantageous. In 2024, that week falls on April 14–20, pr ..read more

A Debt Ceiling Default Will CRUSH Housing, Mortgages, and … the Entire World Economy! The dreaded debt ceiling crisis has been in the news now for a few months, and it is scaring the heck out of everyone for a very good reason. If the debt ceiling is not raised by early June, home sales will come to a standstill, mortgage rates will shoot through the roof, and the economy will pretty much collapse. The debt ceiling is the maximum amount of money that the U.S. government is allowed to borrow by law. And, as we all know, the government needs to borrow tens of billions every month just to pay it ..read more

Single-Family Home Prices Are Bending, Not Breaking The swift rise in mortgages rates over the last year reduced the affordability of single-family houses more rapidly and more severely than what buyers experienced after the Great Financial Crisis. yet remain more than 100 basis points higher than they were this time last year and are 330 basis points higher than two years ago dampening impact on single-family home prices as potential buyers were priced out of the market amid higher financing costs. But home prices have hardly responded as buyers appear to be growing accustomed to a higher rat ..read more

Home Inspections for Sellers: What You Need To Know [INFOGRAPHIC] Some Highlights The inspection is a major part of the home selling process. Many buyers used to waive inspections to be more competitive with their offer, but recently, inspections and repairs are becoming popular again. Let’s connect so you have an expert on your side who can help you determine the repairs and updates your house needs before you sell ..read more

Your Tax Refund Can Help You Achieve Your Homebuying Goals Have you been saving up to buy a home this year? If so, you know there are a variety of expenses involved – from your down payment to closing costs. But there’s good news – your tax refund can help you achieve your goals by paying for some of these expenses. SmartAsset estimates the average American will receive a $1,798 tax refund this year. The map below provides a more detailed estimate by state: According to Freddie Mac, there are multiple ways your refund check can help you as a homebuyer. If you’re getting a refund this year an ..read more

The Big Advantage If You Sell This Spring Thinking about selling your house? If you’ve been waiting for the right time, it could be now while the supply of homes for sale is so low. HousingWire shares: “. . . the big question is whether we are finally starting to see the seasonal spring increase in inventory. The answer is no, because active listings fell to a new low last week for 2023 . . .” The National Association of Realtors (NAR) confirms today’s housing inventory is low by looking at the months’ supply of homes on the market. In a balanced market, about a six-month supply is needed ..read more

Homebuyer Activity Shows Signs of Warming Up for Spring The spring season appears to be warming up in housing as more and more buyers enter the market. And after rising mortgage rates sidelined so many buyers last year, that’s a good sign for sellers. Realtor.com has the latest: “Spring is officially here, and like green shoots emerging from the bleak winter, new data suggests that more buyers are back in the market, although more subdued compared to a year ago.” We know buyer activity is trending up because of mortgage purchase application data. According to Investopedia: “A mortgage appl ..read more

The Key Advantage of Investing in a Home [INFOGRAPHIC] Some Highlights Buying a home is a major way to build wealth and gain financial stability. That’s why, across different income levels, the largest part of most homeowners’ net worth is their equity. Let’s connect today so you can start investing in homeownership ..read more

Trying To Buy a Home? Hang in There. We’re still in a sellers’ market. And if you’re looking to buy a home, that means you’re likely facing some unique challenges, like difficulty finding a home and volatile mortgage rates. But keep in mind, there are some benefits to being a buyer in today’s market that give you good reason to stick with your search. Here are a few of them. Long-Term Benefits Outweigh Short-Term Challenges Owning a home grows your net worth – and since building that wealth takes time, it makes sense to start as soon as you can. If you wait to buy and keep renting, you’ll mis ..read more

Why Aren’t Home Prices Crashing? There have been a lot of shifts in the housing market recently. Mortgage rates rose dramatically last year, impacting many people’s ability to buy a home. And after several years of rapid price appreciation, home prices finally peaked last summer. These changes led to a rise in headlines saying prices would end up crashing. Even though we’re no longer seeing the buyer frenzy that drove home values up during the pandemic, prices have been relatively flat at the national level. Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), doesn’t ..read more