Anne Arundel Living

04/19/2024

2024 Housing Market Mythbusting

There are a number of myths out there about the 2024 housing market. Need help separating fact from fiction? Let’s connect.

04/18/2024

Should I Wait for Mortgage Rates To Come Down Before I Move?

If you’ve got a move on your mind, you may be wondering whether you should wait to sell until mortgage rates come down before you spring into action. Here’s some information that could help answer that question for you.

In the housing market, there’s a longstanding relationship between mortgage rates and buyer demand. Typically, the higher rates are, you’ll see lower buyer demand. That’s because some people who want to move will be hesitant to take on a higher mortgage rate for their next home. So, they decide to wait it out and put their plans on hold.

But when rates start to come down, things change. It goes from limited or weak demand to good or strong demand. That’s because a big portion of the buyers who sat on the sidelines when rates were higher are going to jump back in and make their moves happen.

As Lisa Sturtevant, Chief Economist for Bright MLS, explains: “The higher rates...

If you’ve got a move on your mind, you may be wondering whether you should wait to sell until mortgage rates come down before you spring into action.

04/17/2024

Two paths, one ultimate goal - securing your dream lifestyle.

If you're trying to decide if it’s better to keep renting or buy a home, turn to the pros for help.

Just keep in mind that if you’re looking to build wealth, homeownership wins in the long run.

04/16/2024

Builders Are Building Smaller Homes

There’s no arguing it, affordability is still tight. And if you’re trying to buy a home, that may mean you need to look at smaller houses to find one that’s still in your budget. But there is a silver lining: builders are focused on building these smaller homes right now and they’re offering incentives. And that can help give you more options that fit the bill.

Newly Built Homes Are Trending Smaller

During the pandemic, homebuyers wanted (and could afford) larger homes – and builders delivered. They focused on homes that were bigger, so people had more space for things like working from home, having a home gym, bonus rooms for virtual school, and more.

But with the affordability challenges buyers are facing today, builders are increasingly shifting their attention to bringing smaller single-family homes to the market.

So, why the shift to less square footage? It’s simple. Builders want to build what they know...

There’s no arguing it, affordability is still tight.

04/15/2024

Ways To Use Your Tax Refund If You Want To Buy a Home

Have you been saving up to buy a home this year? If so, you know there are a number of expenses involved – from your down payment to closing costs. But did you also know your tax refund can help you pay for some of these expenses?

While how much money you may get in a tax refund is going to vary, it can be encouraging to have a general idea of what’s possible.

But if you do get a refund, here are a few examples of how you can use it when buying a home. According to Freddie Mac:

• Saving for a down payment – One of the biggest barriers to homeownership is setting aside enough money for a down payment. You could reach your savings goal even faster by using your tax refund to help.
• Paying for closing costs – Closing costs cover some of the payments you’ll make at closing. They’re generally between 2% and 5% of the total purchase price of the home. You could direct your tax refund toward these...

Have you been saving up to buy a home this year?

04/14/2024

Wanna live large in retirement?

Then downsizing could be the answer.

Whether you’re looking for the convenience of a smaller space or to save some extra cash – it could be your ticket to maximizing your golden years.

Want to chat to see if it's the right move for you? DM me.

04/13/2024

The Perks of Downsizing for Retirees

Just retired or about to soon? Let’s talk about your goals and explore the latest options that fit your changing needs.

04/12/2024

The Perks of Downsizing When You Retire [INFOGRAPHIC]

If you’re about to retire, or just did, downsizing can be a good way to try to cut down on some of your expenses. Smaller homes typically have lower energy and maintenance costs. Plus, you may have enough equity built up to fuel your move. If you're thinking about moving to a smaller home, let’s go over your goals and look at your options in our local market.

If you’re about to retire, or just did, downsizing can be a good way to try to cut down on some of your expenses.

04/11/2024

An exciting trend is happening in housing.

New data shows the size of new homes is trending down.

That’s good news if you’ve been looking for a house that checks all your boxes and still fits your budget.

If you want to see what builders are doing in our area, let’s connect. You’ll want an agent to show you the latest and be your guide as you decide what’s right for you.

04/10/2024

First and foremost, an agent is here to help make sure your homebuying process is as smooth and stress-free as possible.

Because let’s face it. In the homebuying process, there’s a ton that happens. An agent will handle a lot of that for you behind the scenes.

From setting up showings to helping you navigate multiple offer scenarios, inspections, and more, having a pro by your side can make all the difference.