Claudia Bordon Realtor

09/08/2022

Owning a home is a major financial milestone and an achievement to take pride in. One major reason: the equity you build as a homeowner gives your net worth a big boost. And with high inflation right now, the link between owning your home and building your wealth is especially important.

09/05/2022

Happy Labor Day!!

09/02/2022

According to the U.S. Census Bureau, this year, builders are on pace to complete more than a million new homes in this country. If you’ve had trouble finding a home to buy over the past year, it may be time to work with your trusted agent to consider a new build and the incentives that come with i...

08/30/2022

What's actually Happening with Home Prices today?

One of the biggest questions people are asking right now is: what’s happening with home prices? There are headlines about ongoing price appreciation, but at the same time, some sellers are reducing the price of their homes. That can feel confusing and makes it more difficult to get a clear picture...

08/26/2022

Why You May Want To Start Your Home Search Today

If you’re thinking about buying a home, you likely have a lot of factors on your mind. You’re weighing your own needs against higher mortgage rates, today’s home prices, and more to try to decide if you want to jump into the market. While some buyers may wait things out, there’s a reason serious buyers are making moves right now, and that’s the growing number of homes for sale.

So far this year, housing inventory has been increasing and that’s making the prospect of finding your dream home less difficult. While there are always reasons you could delay making a big decision, there are also always reasons to consider moving forward. And having a growing number of options for your home search may be exactly what you needed to feel more confident in making a move.

What’s Causing Housing Inventory To Grow?
As new data comes out, we're getting an updated picture of why housing supply is increasing so much this year. As Bill McBride, Author of Calculated Risk, explains:

“We are seeing a significant change in inventory, but no pickup in new listings. Most of the increase in inventory so far has been due to softer demand - likely because of higher mortgage rates.”

Basically, the inventory growth is primarily from homes staying on the market a bit longer (known as active listings). And that’s happening because higher mortgage rates and home prices have helped moderate the peak frenzy of buyer demand.

The graph below uses data from realtor.com to show how much active listings have risen over the past five months as a result (shown in green):

Why You May Want To Start Your Home Search Today | MyKCM

Why This Growth Is Good News for You
Regardless of the source, the increase in available housing supply is good for buyers. More housing supply actively for sale means you have more options as your search for your next home. A recent article from realtor.com explains just how significant the inventory growth has been and why it’s good news for your plans to buy:

“Nationally, the inventory of homes actively for sale on a typical day in July increased by 30.7% over the past year, the largest increase in inventory in the data history and higher than last month’s growth rate of 18.7% which was itself record-breaking. This amounted to 176,000 more homes actively for sale on a typical day in July compared to the previous year and more choice for buyers who are still looking for a new home.”

The growth this year is certainly good news for you, especially if you’ve had trouble finding a home that meets your needs. If you start your search today, those additional options should make it less difficult to find a home than it would have been over the past two years.

Bottom Line
If you’re ready to jump into the market and take advantage of the increasing supply of homes for sale, let’s connect today.

08/24/2022

Something about me:

I am a research scientist that has a passion for Real Estate, I'm in love with this business and the possibility of meeting new people and creating new relationships all the time. One of most important, and at time stressful, decisions in anyone's adult life is the buying or selling of a home. Whether you have decided to sell a home in which you have built years of memories in, or are looking to buy a place where you can create new ones, I can be there to help every step of the way. As a homeowner, I know the challenges you will face, and you will quickly realize it doesn't have to be a stressful experience when you're aided by someone who knows and understands every aspect of the business. As an agent who has lived in Maryland for more than two decades, I'm deeply knowledgeable about the many neighborhoods throughout. I Know how to buy and sell real estate, and you need someone you can trust for up-to-date information. I will listen to every one of my client's needs and desires as my clients are and always have been my # 1 priority. When I am not doing Real Estate I enjoy spending time with my family and friends and I love to travel and explore new places.