What You Really Need To Know About Home Prices
Recent data from Fannie Mae reveals that nearly a quarter of individuals anticipate a decline in home prices. If you find yourself among those concerned, it's important to grasp the following: much of this apprehension likely stems from media narratives or online sources. However, it's crucial to bear in mind that negative news tends to capture attention. Consequently, you may not be receiving the full picture. Here’s what you really need to know about home prices in today’s real estate market.
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What Mortgage Rate Do You Need To Move?
If purchasing a home has been on your mind, chances are mortgage rates are a significant consideration. They might even be the reason you've postponed your plans. When rates surged close to 8% last year, many prospective buyers discovered that the financial calculations no longer aligned with their budget. It's possible this is also true for you. Here’s how to find the mortgage rate you need to move.
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What Are Experts Saying About the Spring Housing Market?
Thinking about moving soon? You might be curious about whether there'll be more houses up for grabs, where prices and mortgage rates are going, and how to handle today’s housing market. Here's what the experts have to say about what to expect this season.
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Why We Aren't Headed for a Housing Crash
If you're banking on a housing market crash to lower home prices, the data tells a different story. Spoiler alert: that scenario isn't likely. Experts predict that home prices will continue to rise. The current housing market differs significantly from the pre-2008 crash era. We delve into why that is and what it means.
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Your Home is a Powerful Investment
As 2023 approached, speculation abounded regarding a looming recession that could precipitate a housing market collapse. Certain voices in the media went so far as to predict a potential 10-20% decline in home prices, which may have instilled some apprehension about homeownership. Yet, reality unfolded differently: home prices defied expectations and surged beyond the norm. Here’s why that is beneficial to you as a homeowner and why your home is a powerful investment.
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Home Equity Can Be a Game Changer When You Sell
Are you undecided about selling your house? Despite some improvements in affordability this year, the market remains challenging, which might weigh on your mind. However, gaining insight into your home equity could simplify your decision-making process. Let’s look at how home equity can be a game changer when selling.
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The Dramatic Impact of Homeownership on Net Worth
What is the difference in new worth between homeowners and renters? The wealth gap between renters and homeowners stems from homeowners' equity growth through property appreciation and monthly mortgage payments, acting as enforced savings. Homeownership yields financial returns upon selling. In contrast, renters don't gain financial benefits from monthly payments. Here’s what that all means.
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Expert Quotes on the 2024 Housing Market Forecast
Considering a home purchase or sale in the near future? You likely seek insights into the projected trends of the 2024 housing market. In 2023, elevated mortgage rates, conflicting home price reports, and limited property listings posed hurdles for both buyers and sellers. What lies ahead as we step into the new year?
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The Latest 2024 Housing Market Forecast
The new year is right around the corner, and you might be wondering if 2024 will be the right time to buy or sell a home. If you want to make the most informed decision possible, it’s important to know what the experts have to say about what's ahead for the housing market. Spoiler alert: the projections may be better than you think.
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Reasons To Sell Your House Before the New Year
As the year winds down, you may have decided it's time to make a move and put your house on the market. But should you sell now or wait until January? While it may be tempting to hold off until after the holidays, here are three reasons to make your move before the new year.
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Growing Your Net Worth With Homeownership
Take a moment to imagine where you want to be in a few years. You might be thinking about your job, money, wanting more stability, or goals you want to reach soon. Is homeownership a part of that vision? If it is, you should know owning a home has a whole lot of financial benefits.
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The Return of Normal Seasonality for Home Price Appreciation
If you’re thinking of making a move, one of the biggest questions you have right now is probably: what’s happening with home prices? Despite what you may be hearing in the news, nationally, home prices aren’t falling. It’s just that price growth is beginning to normalize.
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Expert Home Price Forecasts Revised Up for 2023
The headlines have an impact, even if they’re not true. While the media said home prices would fall significantly in their coverage at the end of last year, that didn’t happen. Let’s connect so you have a trusted resource to help you separate fact from fiction with reliable data.
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Sellers: Don't Let These Two Things Hold You Back
Many homeowners thinking about selling have two key things holding them back. That’s feeling locked in by today’s higher mortgage rates and worrying they won’t be able to find something to buy while supply is so low. Let’s dive into each challenge and give you some helpful advice on how to overcome these obstacles.
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Owning Your Home Helps You Build Wealth
You may have heard some people say it’s better to rent than buy a home right now. But, even today, there are lots of good reasons to become a homeowner. One of them is that owning a home is typically viewed as a good long-term investment that helps your net worth grow over time.
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Today’s Housing Inventory Is a Sweet Spot for Sellers
One of the biggest challenges in the housing market right now is how few homes there are for sale compared to the number of people who want to buy them. To help emphasize just how limited housing inventory still is, let’s take a look at the latest information on active listings, or homes for sale in a given month, as it compares to more normal levels.
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This Real Estate Market Is the Strongest of Our Lifetime
When you look at the numbers today, the one thing that stands out is the strength of this housing market. We can see this is one of the most foundationally strong housing markets of our lifetime – if not the strongest housing market of our lifetime.
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The Benefits of Selling Now, According to Experts
If you’re thinking about selling your house, you should know the number of homes for sale right now is low. That’s because, this season, there are fewer sellers listing their houses for sale than the norm.
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Get the Word // Summer Home Maintenance
Our incredible brokerage, milehimodern, is continuously on the cusp of what’s next, including forecasting the season ahead. Read on for a curated list of mhm’s summer home maintenance tips which will keep you prepared and enjoying the season to its fullest potential.
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