Moxie Signature Group

10/03/2024

Seeing headlines that the median price of a home has dropped? It's easy to assume that means home prices are falling. But that’s not the case.

While median prices have dipped, that's because smaller, less expensive homes are hitting the market—and that’s impacting the mix of sales and driving the median down.

A closer look shows prices are still rising nationally. Have questions? DM me.



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10/03/2024

Home Values Rise Even as Median Prices Fall

Nationally, home values are actually rising, even if the median price is down a bit. Let’s break down what’s really happening so you can make sense of the market without getting caught up in the fear the headlines create.

Homes on the Market Right Now Are Smaller

The biggest reason for the dip in median price is the size of homes being sold. The median price reflects the middle point of all the homes for sale at any given time. And that’ll be affected by the mix of homes on the market.

Right now, there’s a greater number of smaller, less expensive homes on the market, and that’s bringing the overall median price down. But that doesn’t mean home values are declining.

Price Per Square Foot Is Still Rising

This means that while smaller homes are affecting the median price, the average home’s value is still rising.

So...



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Recent headlines have been buzzing about the median asking price of homes dropping compared to last year, and that’s sparked plenty of confusion.

10/02/2024

Secrets To Selling Your House Quickly

Seeing your house sit on the market without any bites is the ultimate frustration. And unfortunately, some sellers are in that tricky spot today.

According to data from the National Association of Realtors (NAR), the average time a house spends on the market has increased over the past few years.

Some of that is because inventory has gone up, so buyers have more options. And higher mortgage rates have definitely slowed demand over the past two years, and that’s out of your control.

Make no mistake, with the right strategy and agent partner, your house can still sell quickly, even today.

Here are just a few tips a great real estate agent will walk you through. They may seem simple, but advice like this can make all the difference.

1. Competitive Pricing: A local real estate agent will do a competitive market analysis by...



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Seeing your house sit on the market without any bites is the ultimate frustration.

10/02/2024

Looking to sell your house in today’s shifting market? The secret to standing out and selling quickly is to hire a pro.
An agent will use market data to find the right price, give advice on what repairs to tackle for maximum impact, and what concessions you may want to consider (like help with closing costs).
Let’s connect to come up with the strategy that’s right for you.



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10/02/2024

Buying Beats Renting in 22 Major U.S. Cities

That’s right—according to a recent study from Zillow, in 22 of the 50 largest metro areas, monthly mortgage payments are now lower than rent payments.

As mortgage rates have eased off their recent peak, home prices have moderated, and inventory has ticked up, affordability has improved significantly. When you add all of that up, it’s getting less expensive to buy a home than to rent one in many parts of the country.

You see, talking with a local real estate agent about what’s happening in your market before this happens in your ideal neighborhood could really change the game for you. It’s all about being informed by a true expert, and understanding what was out of reach before might actually be getting more affordable than you think.

Now, while this study compares monthly rent to principal and interest on a...



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That’s right—according to a recent study from Zillow, in 22 of the 50 largest metro areas, monthly mortgage payments are now lower than rent payments.

10/01/2024

Are you waiting for rates to drop below 6%? You may want to rethink that strategy because other people are going to do the same thing.

If rates dip more, it’s likely that buyer competition will go up, driving prices higher.

Right now, we’re in a sweet spot with lower rates and more homes to choose from.

Want to learn more about why buying now might be the better move? DM me.



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10/01/2024

This Is the Sweet Spot Homebuyers Have Been Waiting For

After months of sitting on the sidelines, many homebuyers who were priced out by high mortgage rates and affordability challenges finally have an opportunity to make their move. With rates trending down, today’s market is a sweet spot for buyers—and it’s one that may not last long.

The truth is, if mortgage rates continue to ease, as experts project, more buyers will jump back into the market. A survey from Bankrate shows over half of homeowners would be motivated to buy this year if rates drop below 6%.

With rates already in the low 6% range, we’re not terribly far off from hitting that threshold. The bottom line is, that when they drop into the 5s, the number of buyers in the market is going to go up – and that means more competition for you.

What This Means for You

Right now, you’ve got the...



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After months of sitting on the sidelines, many homebuyers who were priced out by high mortgage rates and affordability challenges finally have an opportunity to make their move.

09/30/2024

According to a recent study from Zillow, Mortgage payments are lower than rent in 22 of the 50 largest U.S. metros.

That’s a game changer if you’re thinking about owning a home.

Let’s grab a calculator and do the math together to see if buying might be right for you in our local market.



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09/29/2024

You're probably wondering: is it better to move now or wait?
To make sure you’re making the best decision possible, let’s chat.
Together we can go over other market factors that may have an impact on your decision – like buyer demand, home prices, and the potential to gain equity.
And once you've got all the information, you can decide if buying now makes more sense for you.



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09/28/2024

Buy Now, or Wait?

If you’re wondering if you should buy now or wait, here’s what you need to know. If you wait for rates to drop more, you’ll have to deal with more competition and higher prices as additional buyers jump back in. But if you buy now, you’d get ahead of that and have the chance to start building equity. Should you buy now or wait? Let’s talk through it together, so you can make your best decision.



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If you’re wondering if you should buy now or wait, here’s what you need to know. 

09/27/2024

Buy Now, or Wait?

Buy Now, or Wait? You may be tempted to wait until mortgage rates come down even more. But here’s what you need to know. If you wait, you'll have to compete with all those other people when you go to buy your next home. You have a chance to get ahead of the other buyers right now. Let’s connect and make it happen.



Message us if you'd like to talk about buying or selling!