Oana Sirbu Global Real Estate Advisor at Jameson Sotheby's Int'l Realty

08/24/2022

Why Today’s Housing Inventory Proves the Market Isn’t Headed for a Crash

For the market to crash, you’d have to make a case for an oversupply of inventory headed to the market, and the numbers just don’t support that. So, here’s a deeper look at where inventory is coming from today to help prove why the housing market isn’t headed for a crash.

>>Current Homeowners Putting Their Homes Up for Sale

Even though housing supply is increasing this year, there’s still a limited number of existing homes available. So, what does this mean? Inventory is still historically low. There simply aren’t enough homes on the market to cause prices to crash. There would need to be a flood of people getting ready to sell their houses in order to tip the scales toward a buyers’ market. And that level of activity simply isn’t there.

>>Newly Built Homes Coming onto the Market

Home builders are actually...

Whether or not you owned a home in 2008, you likely remember the housing crash that took place back then. And news about an economic slowdown happening today may bring all those concerns back to the surface. While those feelings are understandable, data can help reassure you the situation today is n...

08/22/2022

3 Tips for Buying a Home Today

Here are three tips for buying the home of your dreams today.

>>Understand How Mortgage Rates Impact Your Homebuying Power
It’s important to stay up to date on what’s happening with rates and understand how they can impact your purchasing power when you’re thinking of buying a home. Even a small change in mortgage rates can have a big impact on your monthly payments. If rates rise, you could exceed your budget unless you pursue a lower home loan amount. If rates fall, your purchasing power may increase, which could give you additional options for your search.

>>Be Open to Exploring Different Options During Your Search
The supply of homes for sale is improving, which gives you more homes to choose from. But historically, supply is still low. That means if you don’t find something that meets your needs, it may be worth expanding your search. And if you’re able to, opening your...

If you put off your home search at any point over the past two years, you may want to consider picking it back up based on today’s housing market conditions. Recent data shows the supply of homes for sale is increasing, giving buyers like you additional options.

08/20/2022

As the housing market shifts away from the peak frenzy it saw during the pandemic, the supply of homes for sale is increasing. As a buyer, that gives you more options for your search. And that means it shouldn’t feel as impossible to find a home today as it has over the past two years. If you’re ready to buy your dream home, DM me today.

08/18/2022

Looking for an Alternative to Rising Rents?

Rents have risen consistently year after year for over three decades. Let's connect to discuss all the benefits homeownership has to offer.

08/17/2022

Are you wondering what a recession could do to home values? Historical data proves an economic slowdown doesn’t mean prices will fall. In 4 of the last 6 recessions, home prices actually appreciated. This goes to show 2008 wasn’t the norm. DM me, and let’s discuss why history shows an economic slowdown doesn’t equal a housing crisis.

08/15/2022

The U.S. Homeownership Rate Is Growing

The desire to own a home is still strong today. In fact, according to the Census, the U.S. homeownership rate is on the rise. If you’re thinking about buying a home this year, here are just a few reasons why so many people see the value of homeownership.

There are several benefits to owning your home. A significant one, especially when inflation is high like it is today, is that homeownership can help protect you from rising costs. Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), explains, “Renters actually have a harder time in inflationary periods, because rents tend to rise along with inflation, whereas mortgage payments stay the same for homeowners with fixed-rate mortgages.”

When you buy a home with a fixed-rate mortgage, you can lock in what's likely your biggest monthly expense – your housing payment – for the duration...

The desire to own a home is still strong today. In fact, according to the Census, the U.S. homeownership rate is on the rise. To illustrate the increase, the graph below shows the homeownership rate over the last year:

08/13/2022

Why Experts Say the Housing Market Won’t Crash [INFOGRAPHIC]

Many people remember the housing crash in 2008, but experts say today’s market is fundamentally different in many ways. First, there isn’t an oversupply of homes for sale today. Plus, lending standards are much tighter, and homeowners have record levels of equity. That means signs say there won’t be a wave of foreclosures like the last time. If you have questions about the housing market, DM me.

Some Highlights Many people remember the housing crash in 2008, but experts say today’s market is fundamentally different in many ways. First, there isn’t an oversupply of homes for sale today. Plus, lending standards are much tighter, and homeowners have record levels of equity. That means sign...

08/11/2022

3 Tips for Selling Your House Right Now

Pricing your house based on current market conditions means it's more likely to sell quickly. Let's connect so you can have the best advice when you sell today.

08/10/2022

If you’re worried the housing market is a bubble, today is nothing like 2008. In the lead up to the crash, it was much easier to get a home loan than it is now. Buyers now face higher lending standards, and that's one thing that's helping to prevent a flood of foreclosures. If you have questions about why this isn’t like last time, DM me.

08/08/2022

If you’re thinking about making a move, you probably want to know what’s going to happen to home prices for the rest of the year. While experts say price growth will moderate, ongoing appreciation is expected. That means home prices won’t fall. DM me if you want to learn more.

08/06/2022

Housing Market Forecast for the Rest of 2022 [INFOGRAPHIC]

The housing market is shifting away from the intensity of the past two years. Here’s what experts project for the remainder of 2022. Home prices are forecast to rise more moderately than last year. Mortgage rates will respond to inflation, and home sales will be more in line with pre-pandemic years. DM me so you can make your best move this year.

Some Highlights The housing market is shifting away from the intensity of the past two years. Here’s what experts project for the remainder of 2022. Home prices are forecast to rise more moderately than last year. Mortgage rates will respond to inflation, and home sales will be more in line with p...

08/04/2022

Did the Home of Your Dreams Just Come onto the Market?

The supply of homes for sale has been increasing, and that gives you a better chance of finding the home of your dreams. Let's connect today so you can start exploring homes in our local market.