Justin Critchfield Realtor. Buyer, Seller Foreclosure, Short Sale , Specialist.

12/10/2021

03/13/2021

We’ve been waiting on some furniture pieces and marie Kondo-ing the 💩 out of our new office. I’m happy to say it’s finally put together, organized and ready to share ❤️❤️ office

06/19/2020

Such a great area and has so many amenities!

06/08/2020

We’re all entitled to our piece of the American Dream, and homeownership is a huge part of that for most people. Millennials make up the most substantial part of the homebuying population, and regardless of generation, it can be a complicated process to jump into. If you feel ready to take the next step in homeownership, DM me so we can talk about your goals.

06/03/2020

Understanding Supply vs Demand

As we enter the summer months and work through the challenges associated with the current health crisis, many are wondering what impact the economic slowdown will have on home prices.

Looking at the big picture, supply and demand will give us the clearest idea of what’s to come.
Making our way through the month of June and entering the second half of the year, we face an undersupply of homes on the market. Keep in mind, this undersupply is going to vary by location and by price point.

According to the National Association of Realtors (NAR), across the country, we currently have a 4.1 months supply of homes on the market. Historically, 6 months of supply is considered a balanced market. Anything over 6 months is a buyer’s market, meaning prices will depreciate. Anything below 6 months is a seller’s market, where prices appreciate.

Given the undersupply of homes on the market today, there is upward pressure on prices. Looking at simple economics, when there is less of an item for sale and the demand is high, consumers are willing to pay more for that item. The undersupply is also prompting bidding wars, which can drive price points higher in the home sale process.

Many may think home prices will depreciate due to the economic slowdown from the coronavirus, but experts disagree. As we approach the second half of this year, we may actually see home prices rise even higher given the lack of homes for sale.

05/27/2020

Whether you’re buying your first home or your fifth, you need a real estate pro on your side to make sure the process goes smoothly – especially when making your offer. DM us to learn how I can help you through the entire home buying process.

05/26/2020

⬇️ Mortgage interest rates have dropped considerably this spring and are hovering at a historically low level.⁣
⁣
💰 Locking in at a low rate today could save you thousands of dollars over the lifetime of your home loan.⁣
⁣
🏡 Let’s connect to determine the best way to position yourself for a move in today’s market.

05/21/2020

If you’re thinking of selling your house this summer, now is a great time to put it on the market. With so few listings available today, your house is bound to stand out from the crowd while demand from interested buyers is high. DM me if you’re considering listing your home while we’re in a strong seller’s market

05/15/2020

Home. A word that today takes on a whole new meaning…A sanctuary. A haven. A place where we will weather the storm that, like many others, also shall pass. As we adjust to a new way of living, DM me to learn more about finding your perfect place to call home.

05/14/2020

Buyer demand is strong right now. Many are simply waiting for more inventory to become available so they can make a move, especially as the country begins to reopen. If you’re thinking about putting your house on the market, let’s connect today. There’s a good chance an eager buyer is looking for a home just like yours!

05/07/2020

Unemployment: Hope on the Horizon ☀️ ⁣
⁣
Given how we have seen more unemployment claims than ever before over the past several weeks, fear is spreading widely. Some good news, however, shows that more than 4 million initial unemployment filers have likely already found a new job, especially as industries such as health care, food and grocery stores, retail, delivery, and more increase their employment opportunities. Breaking down what unemployment means for homeownership, and understanding the significant equity Americans hold today, are important parts of seeing the picture clearly when sorting through this uncertainty.

One of the biggest questions right now is whether this historic unemployment rate will initiate a new surge of foreclosures in the market. It’s a very real fear. Despite the staggering number of claims, there are actually many reasons why we won’t see a significant number of foreclosures like we did during the housing crash twelve years ago. The amount of equity homeowners have today is a leading differentiator in the current market. Today, according to John Burns Consulting, 58.7% of homes in the U.S. have at least 60% equity. That number is drastically different than it was in 2008 when the housing bubble burst. The last recession was painful, and when prices dipped, many found themselves owing more on their mortgage than what their homes were worth. Homeowners simply walked away at that point. Now, 42.1% of all homes in this country are mortgage-free, meaning they’re owned free and clear. Those homes are not at risk for foreclosure⁣⁣
⁣⁣
The fear and uncertainty we feel right now are very real, and this is not going to be easy. We can, however, see strength in our current market through homeowner equity that has not been there in the past. That may be a bright spark to help us make it through.

05/04/2020

Staying at home doesn’t mean your search for a new place needs to come to a standstill.

Check out these tips on how to explore other neighborhoods virtually in the homebuying process. You may find a spot that better suits your needs without ever leaving your living room!

Let’s connect today so you have help with all of the additional steps along the way, and you’re ready to make your next move.