Robert Fenton Realtor

07/23/2022

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Great News About Housing Inventory [INFOGRAPHIC]

Experts say the number of homes for sale is growing this year, and that can have a big impact on your move. If you’re planning to buy, additional options in today’s market may be just what you’ve been waiting for. More inventory means added opportunities to find the home of your dreams. DM me so you have the latest information on available homes in our area.

Some Highlights Experts say the number of homes for sale is growing this year, and that can have a big impact on your move. If you’re planning to buy, additional options in today’s market may be just what you’ve been waiting for. More inventory means added opportunities to find the home of you...

07/22/2022

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Expert Insights on Where the Housing Market Is Heading

Want to know what the future holds for rates, prices, and inventory? Let's connect so you have a trusted advisor to answer your housing market questions.

07/22/2022

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If you’re a homeowner looking to move, you have a great opportunity today thanks to your home equity. Ongoing home price appreciation has driven your home’s value up. The resulting equity may be some (if not all) of what you need for your down payment on your next home. To find out how much equity you have in your house, DM me.

07/21/2022

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Wondering if home prices are going to fall? Even though the market is undergoing a shift and inventory is increasing, experts say home prices won't fall. Instead, they're forecasting prices will climb, just at a slower pace. DM me if you have questions about what's happening with home prices in our area.

07/21/2022

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Think Home Prices Are Going To Fall? Think Again

Over the last two years, the rate of home prices appreciated at a dramatic pace, and it’s also caused some buyers to wonder if home prices will fall. It’s important to know the housing market isn’t a bubble about to burst, and home price growth is supported by strong market fundamentals.

Here’s what you need to know.

>> Where Experts Say Prices Will Go from Here

You might be asking: why did home prices climb so much last year? It’s because there were more buyers than there were homes for sale. That imbalance put upward pressure on home prices because demand was extremely high, and supply was record low.

While housing inventory is increasing and buyer demand is softening today, there’s still a shortage of homes available for sale. Mark Fleming, Chief Economist at First American, explains it like...

Over the last two years, the rate of home prices appreciated at a dramatic pace. While that led to incredible equity gains for homeowners, it’s also caused some buyers to wonder if home prices will fall. It’s important to know the housing market isn’t a bubble about to burst, and home price gr...

07/20/2022

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Should I Rent or Should I Buy? [INFOGRAPHIC]

It’s worth considering the many benefits of homeownership before you make the decision to rent or buy a home. When you buy, you can stabilize your housing costs, own a tangible asset, and grow your net worth as you gain equity. When you rent, you face rising housing costs, won’t see a return on your investment, and limit your ability to save. If you want to learn more about the benefits of homeownership, DM me today.

Some Highlights It’s worth considering the many benefits of homeownership before you make the decision to rent or buy a home. When you buy, you can stabilize your housing costs, own a tangible asset, and grow your net worth as you gain equity. When you rent, you face rising housing costs, won’t ...

07/20/2022

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Wondering Where You’ll Move if You Sell Your House Today?

If you put a pause on your home search because you weren’t sure where you’d go once you sold your house, it might be a good time to get back into the market.

>>An Existing Home Can Give You That Lived-in Charm
Many buyers want to purchase a home with history, and the character of older houses is hard to reproduce. Existing homes can often be part of an established neighborhood featuring mature landscaping that can give you additional privacy and boost your curb appeal.

Plus, you can move in based on the timeline you agree to with the sellers, rather than building a new home and waiting for construction to finish.

Just remember, while more sellers are listing their homes, supply is still low overall, meaning you’ll still need to be prepared for a fast-moving market.

>>Purchasing a Newly Built or...

If you put a pause on your home search because you weren’t sure where you’d go once you sold your house, it might be a good time to get back into the market. That’s because today’s market is undergoing a shift, and the supply of homes for sale is increasing as a result. That means you may ha...

07/20/2022

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Should You Buy a Home with Inflation This High?

While the Federal Reserve is working hard to bring down inflation, the latest data shows the inflation rate is still going up. You no doubt are feeling the pinch on your wallet at the gas pump or the grocery store, but that news may also leave you wondering: should I still buy a home right now?

Greg McBride, Chief Financial Analyst at Bankrate, explains how inflation is affecting the housing market. “Inflation will have a strong influence on where mortgage rates go in the months ahead. . . . Whenever inflation finally starts to ease, so will mortgage rates — but even then, home prices are still subject to demand and very tight supply.”

No one knows how long it’ll take to bring down inflation, and that means the future trajectory of mortgage rates is also unclear. While that uncertainty isn’t comfortable and...

While the Federal Reserve is working hard to bring down inflation, the latest data shows the inflation rate is still going up. You no doubt are feeling the pinch on your wallet at the gas pump or the grocery store, but that news may also leave you wondering: should I still buy a home right now?

07/19/2022

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Why Pre-Approval Is a Game Changer for Homebuyers

If you’re planning to buy a home this year, you might have heard that pre-approval is a necessary step to take before starting out on your journey. To better understand why, it’s important to know what pre-approval is. Freddie Mac defines the process like this:

“A pre-approval is an indication from your lender that they are willing to lend you a certain amount of money to buy your future home. The lender you work with will provide you with a pre-approval letter, which is an official document that states the maximum amount they are willing to lend you, . . .”

Put simply, pre-approval from a lender helps you understand your true price range and how much money you can borrow for your loan. That can make it easier when you set out to search for homes.

Another added benefit is that pre-approval lets the seller know...

If you’re planning to buy a home this year, you might have heard that pre-approval is a necessary step to take before starting out on your journey. But why is that? And is it still important in today’s shifting market?

07/19/2022

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If you’re a first-time homebuyer, don’t let perfection be the enemy of opportunity. If you buy a starter home to break into the market, you can benefit from ongoing home price appreciation. That appreciation will help you grow equity that can power a future move up. DM me so you can get started on your homebuying journey today.

07/18/2022

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Buyer demand is moderating, but it’s still strong. One major reason for the ongoing demand is that millennials continue to age into their peak homebuying years. If you’re planning to sell your house, that means there are likely buyers eager to buy your home. DM me today, and let’s discuss buyer demand in our area.