Gilles Godin

02/26/2024

Expert Home Price Forecasts for 2024 Revised Up

Over the past few months, experts have revised their 2024 home price forecasts based on the latest data and market signals, and they’re even more confident prices will rise, not fall.

2024 Home Price Forecasts: Then and Now

There are two big factors keeping such strong upward pressure on home prices. The first is how few homes are for sale right now. According to Business Insider: “Low home inventory is a chronic problem in the US. This has generally kept home prices up . . .”

A lack of housing inventory has been pushing prices up for a long time now – and that’s not expected to change dramatically this year. But what has changed a bit is mortgage rates.

Late last year when most housing market experts were calling for home prices to rise only a little bit in 2024, mortgage rates were up and buyer demand was more moderate.

Now that rates have come down from their peak...

Over the past few months, experts have revised their 2024 home price forecasts based on the latest data and market signals, and they’re even more confident prices will rise, not fall.

02/25/2024

Thinking about selling your house? Today’s market gives you two great opportunities. First, since inventory is up a little bit compared to last year, you’ll have more options for your next home. Second, since there still aren’t enough homes to meet demand, your house will stand out to buyers. When you’re ready to make a move, DM me to chat.

02/25/2024

If you’re considering moving, here’s something you’ll want to know. Homes are selling faster than they normally do, largely because there aren’t enough for sale. And with a growing number of buyers searching for their next home, competition is up, resulting in quicker sales. Let's chat about how to get your home on the market and in front of these eager buyers.

02/24/2024

How Changing Mortgage Rates Impact You [INFOGRAPHIC]

If you’re looking to buy a home, it’s important to know how mortgage rates impact what you can afford and how much you’ll pay each month. That’s because even a small change in mortgage rates can have a big impact on your purchasing power. The best way to navigate changing mortgage rates and make an informed buying decision is to rely on the expertise of a local real estate professional and mortgage lender.

If you’re looking to buy a home, it’s important to know how mortgage rates impact what you can afford and how much you’ll pay each month.

02/23/2024

Worried about saving 20% for a down payment? You might not need to. Plus, time is money, and taking the time to save that much could cost you more in the long run. That’s because while you’re saving, rising rents and home prices are working against you, and you’re missing out on building home equity.

02/23/2024

If you’re thinking about buying a home soon don't forget - your credit score is key and boosting it might be easier than you think. Start by reducing debt, staying on top of your payments, and fixing any errors on your credit report, like closed accounts that are reported as open. When you're ready, DM me so we can start the homebuying process.

02/22/2024

Home Equity Makes All the Difference When You Sell

If you own a home, chances are you have a significant amount of equity in it. Let’s connect to find out how much.

02/21/2024

Some Experts Say Mortgage Rates May Fall Below 6% Later This Year

There’s a lot of confusion in the market about what’s happening with day-to-day movement in mortgage rates right now, but here’s what you really need to know: compared to the near 8% peak last fall, mortgage rates have trended down overall.

And if you’re looking to buy or sell a home, this is a big deal. While they’re going to continue to bounce around a bit based on various economic drivers (like inflation and reactions to the consumer price index, or CPI), don’t let the short-term volatility distract you. The experts agree the overarching downward trend should continue this year.

While we won’t see the record-low rates homebuyers got during the pandemic, some experts think we should see rates dip below 6% later this year. As Dean Baker, Senior Economist, Center for Economic Research, says: “They will almost certainly not fall to pandemic...

There’s a lot of confusion in the market about what’s happening with day-to-day movement in mortgage rates right now.

02/21/2024

Ready to become a homeowner this year? Don't wait for the spring rush - this may be a good time to kick off your search. With more homes being listed compared to 2023, and more sellers entering the market, your ideal home could be within reach sooner than you imagined. When you’re ready to explore the options in our area, let's connect.

02/20/2024

Strategic Tips for Buying Your First Home

Buying your first home is a big, exciting step and a major milestone that has the power to improve your life. As a first-time homebuyer, it's a dream you can make come true, but there are some hurdles you'll need to overcome in today’s housing market.

Save Money with First-Time Homebuyer Programs

Paying the initial costs of homeownership, like your down payment and closing costs, can feel a bit daunting. But there are many assistance programs for first-time homebuyers that can help you get a loan with little or no money upfront.

To find out more, talk to your state's housing authority or check out websites like Down Payment Resource.

Expand Your Options by Looking at Condos and Townhomes

Right now, there aren’t enough homes for sale for everyone who wants to buy one. That’s pushing home prices up and making affordability tight for buyers. One way to deal with that issue...

Buying your first home is a big, exciting step and a major milestone that has the power to improve your life.

02/19/2024

It’s Time To Prepare Your House for a Spring Listing

If you're thinking of selling your house this spring, now is the perfect time to start getting it ready.

Declutter and Organize
First impressions matter, and if your house is a mess, that can easily turn off potential buyers. According to Moving.com: “Decluttering and organizing your space will go a long way in appealing to potential buyers. . . .decluttering will help the buyers see themselves living in your home. Less clutter inside a home also helps a place appear larger and cleaner, which should attract more buyers.”

Deep Clean Your Kitchen and Bathrooms
The kitchen and bathrooms are focal points for many buyers, and often influence their overall opinion of the house. Ensure these spaces dazzle by giving them a thorough deep cleaning.

Maintain Your Yard
Your home’s exterior is the first thing potential buyers see, so it’s important to make a good impression...

If you're thinking of selling your house this spring, now is the perfect time to start getting it ready.

02/19/2024

Spring Selling Secret: Want your house to sparkle in the eyes of every potential buyer? Show it's been pampered and cared for. From decluttering to deep cleaning, make sure your space shines bright and leaves a lasting impression. DM me to chat about what steps you need to take to get your house market-ready this season.