Posts from April 2023

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 expect that to change: 

"[H]ome prices will be steady in most parts of the country with a minor change in the national median home price." 

You might think sellers...

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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 dat...

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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...

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Wondering if you should sell your house this year? As you make your decision, think about what's motivating you to consider moving. 

A recent survey from realtor.com asked why homeowners are thinking about selling their houses this year. Here are the top two reasons (see graphic below):

Let's break those reasons down and explore how they might resonate with you.

1. I Want To Take Advantage of the Current Market and Make a Profit

When you decide to sell your house, how much you'll make from the sale will likely be top of mind. So, here's some good news: according to the latest data, the average...

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