Aaron Lawrenson Coldwell Banker Bain

10/23/2023

Why Home Prices Keep Going Up

If you've ever dreamed of buying your own place, or selling your current house to upgrade, you're no stranger to the rollercoaster of emotions changing home prices can stir up.

But if you put off moving because you’re worried home prices might drop, make no mistake, they’re not going down. In fact, it's just the opposite.

Orphe Divounguy, Senior Economist at Zillow, explains changing home prices over the past 12 months this way: “The U.S. housing market has surged over the past year after a temporary hiccup from July 2022-January 2023. . . . That downturn has proven to be short lived as housing has rebounded impressively so far in 2023. . .”

Looking ahead, home price appreciation typically starts to ease up this time of year. As that happens, there’s some risk the media will confuse slowing price growth (deceleration of appreciation) with home prices falling (depreciation). Don’t be...

If you've ever dreamed of buying your own place, or selling your current house to upgrade, you're no stranger to the rollercoaster of emotions changing home prices can stir up.

10/20/2023

Home Price Growth Is Returning to Normal [INFOGRAPHIC]

If you're wondering what’s happening with home prices, know they’re still rising, just at a slower pace – and that’s perfectly normal for this time of year. Based on typical seasonality in the market, prices go up most in the spring during the peak buying season, and then price growth slows down as the year goes on. Home prices aren’t falling. They’re just rising slower and going back to normal seasonal trends. That’s a good thing. If you're curious about prices in our area, let’s connect.

If you're wondering what’s happening with home prices, know they’re still rising, just at a slower pace – and that’s perfectly normal for this time of year.

10/19/2023

I love these nights where I get to hang out with him by the river and do a little yardwork.

10/18/2023

What Are the Real Reasons You Want To Move Right Now?

If you're considering selling your house right now, it's likely because something in your life has changed. And while things like mortgage rates play a big role in your decision, you don’t want that to overshadow why you thought about making a move in the first place.

Here are a few of the most common reasons people choose to sell today.

Relocation
Some of the things that can motivate a move to a new area include changing jobs, a desire to be closer to friends and loved ones, wanting to live in your ideal location, or just looking for a change in scenery.

Upgrading
Many homeowners decide to sell to move into a larger home. This is especially common when there’s a need for more room to entertain, a home office or gym, or additional bedrooms to accommodate a growing number of loved ones.

Downsizing
Homeowners may also decide to sell because someone’s moved out of...

If you're considering selling your house right now, it's likely because something in your life has changed.

10/18/2023

Looking to create a comfortable space? These design tips can help.

Looking for a home so cozy you almost want to cuddle with it? The following design elements can crea...

10/16/2023

Are Higher Mortgage Rates Here To Stay?

Mortgage rates have been back on the rise recently and that’s getting a lot of attention from the press. If you’ve been following the headlines, you may have even seen rates recently reached their highest level in over two decades.

That can feel like a little bit of a gut punch if you’re thinking about making a move. If you’re wondering whether or not you should delay your plans, here’s what you really need to know.

How Higher Mortgage Rates Impact You

There’s no denying mortgage rates are higher right now than they were in recent years.
Basically, some people are deciding to put their plans on hold because of where mortgage rates are right now. But what you want to know is: is that a good strategy?

Where Will Mortgage Rates Go from Here?

If you’re eager for mortgage rates to drop, you’re not alone. A lot of people are waiting for that to happen. But here’s the...

Mortgage rates have been back on the rise recently and that’s getting a lot of attention from the press.

10/14/2023

Ashton’s 2nd year at Thompson’s Farm 🎃

10/13/2023

The Difference Between Renting and Buying a Home [INFOGRAPHIC]

When deciding between buying a home or renting, think about these three important factors. Buying a home means owning a tangible and valuable asset, avoiding rising rents, and growing your wealth over time. If you’re ready to enjoy the advantages of owning a home, DM me to discuss your options.

When deciding between buying a home or renting, think about these three important factors.

10/13/2023

Wife and I just finalized the house plans for the new house!

Architect:

10/11/2023

The Latest Expert Forecasts for Home Prices in 2023

Are you thinking about making a move? If so, all the speculation that home prices would crash this year may have you feeling a bit on edge about your decision. Let the data and the experts reassure you. Prices aren’t in a downward spiral and will actually finish the year strong.

Even though you may have heard talk that prices would drop 5, 10, or even 20% this year, that hasn’t happened. The big reason why is the supply of homes for sale is too low. There are just more buyers looking to buy than homes available, and that’s kept prices from falling.

Most Experts Project Home Prices Will Net Positive this Year

The general consensus from industry experts is that home price appreciation will actually be positive for 2023. The latest 2023 year-end forecasts are in from six different organizations.

All but one project nationally prices will net positive this year. That’s...

Are you thinking about making a move?