Stephanie McCoy Realty

07/29/2023

Right now, there are more buyers looking to make a purchase than there are homes available for sale. That’s why the market favors sellers and why homeowners are still seeing multiple offers today. DM me so we can start the process of selling your house before the end of the year.

07/28/2023

Why the Median Home Sales Prices Can Be Confusing

The median home sales price can be confusing. Let’s connect so you have an expert to explain what’s really happening with home prices in our area.

07/27/2023

Homebuyers Are Still More Active Than Usual

Even though the housing market is no longer experiencing the frenzy that was so characteristic of the last couple of years, it doesn’t mean today’s market is at a standstill. In actuality, buyer traffic is still strong today.

The ShowingTime Showing Index is a measure of how much buyers are touring homes. It shows there’s seasonality in real estate. If you look at the last normal years in the market (shown in gray), there was a consistent pattern as buyer activity peaked in the first half of each year (during the peak homebuying season in the spring) and slowed as each year came to a close.

When the pandemic hit in March of 2020, that trend was disrupted as the market responded to the resulting uncertainty (shown in blue in the middle). From there, we entered the ‘unicorn’ years of housing (shown in pink). This is when mortgage rates were record-low and buyer demand was sky h...

Even though the housing market is no longer experiencing the frenzy that was so characteristic of the last couple of years, it doesn’t mean today’s market is at a standstill.

07/26/2023

According to Freddie Mac, 18% of survey respondents say they’re likely to in the next 6 months. This means there are still plenty of buyers thinking about making a move. If you’re considering selling your house, now’s a great time to start the process. DM me if you’re thinking of listing your home while we’re still in a .

07/25/2023

Don’t Fall for the Next Shocking Headlines About Home Prices

If you’re thinking of buying or selling a home, one of the biggest questions you have right now is probably: what’s happening with home prices? And it’s no surprise you don’t have the clarity you need on that topic. Part of the issue is how headlines are talking about prices.

They’re basing their negative news by comparing current stats to the last few years. But you can’t compare this year to the ‘unicorn’ years (when home prices reached record highs that were unsustainable). And as prices begin to normalize now, they’re talking about it like it’s a bad thing and making people fear what’s next. But the worst home price declines are already behind us. What we’re starting to see now is the return to more normal home price appreciation.

Why This Is So Important to Understand

In the coming months, as the housing market moves further into a more predictable seaso...

If you’re thinking of buying or selling a home, one of the biggest questions you have right now is probably: what’s happening with home prices?

07/24/2023

Foreclosure Numbers Today Aren’t Like 2008

If you've been keeping up with the news lately, you've probably come across headlines talking about the increase in foreclosures in today’s housing market. This may have left you with some uncertainty, especially if you're considering buying a home. It’s important to understand the context of these reports to know the truth about what’s happening today.

According to a recent report from ATTOM, a property data provider, foreclosure filings are up 2% compared to the previous quarter and 8% since one year ago. While media headlines are drawing attention to this increase, reporting on just the number could actually generate worry for fear that prices could crash. The reality is, while increasing, the data shows a foreclosure crisis is not where the market is headed.

In recent years, the number of foreclosures has been down to record lows. That’s because, in 2020 and 2021,...

If you've been keeping up with the news lately, you've probably come across headlines talking about the increase in foreclosures in today’s housing market.

07/23/2023

Real Estate Continues To Be the Best Investment [INFOGRAPHIC]

According to a recent Gallup poll, real estate has been voted the best long-term investment for 11 years in a row, beating gold, stocks, bonds, and more. Owning real estate means more than just having a home—it’s an investment in your future. That’s because it’s typically a stable and secure asset that tends to increase in value as time goes on. DM me if you’re ready to buy a home and invest in your future.

According to a recent Gallup poll, real estate has been voted the best long-term investment for 11 years in a row, beating gold, stocks, bonds, and more.

07/22/2023

Why Your House Isn’t Selling as Fast as You’d Like

If your house isn’t selling as fast as you’d like, there are a few things that could be a factor. Let's connect to discuss what we can do to re-ignite buyer interest in your house.

07/21/2023

If you’re thinking about buying a home soon, one thing you can do to help you get ready is focus on your credit score. Higher scores can help you get a lower mortgage rate and better loan terms. A loan officer can provide even more strategies to help you improve your credit score. If you're ready to buy now, DM me for other valuable tips on the homebuying process.

07/20/2023

Owning Your Home Helps You Build Wealth

You may have heard some people say it’s better to rent than buy a home right now. But, even today, there are lots of good reasons to become a homeowner. One of them is that owning a home is typically viewed as a good long-term investment that helps your net worth grow over time.

Homeownership Builds Wealth Regardless of Income Level

You may be surprised to learn homeowners across various income levels have a much higher net worth than renters who make the same amount.

What makes wealth so much higher for homeowners? A recent article from Realtor.com says: “Homeownership has long been tied to building wealth—and for good reason. Instead of throwing rent money out the window each month, owning a home allows you to build home equity. And over time, equity can turn your mortgage debt into a sizeable asset.”

Basically, the wealth you accumulate when you own a home has a lot to do wi...

You may have heard some people say it’s better to rent than buy a home right now.

07/19/2023

Explaining Today’s Mortgage Rates

If you’re following mortgage rates because you know they impact your borrowing costs, you may be wondering what the future holds for them. Unfortunately, there’s no easy way to answer that question because mortgage rates are notoriously hard to forecast.

But, there’s one thing that’s historically a good indicator of what’ll happen with rates, and that’s the relationship between the 30-Year Mortgage Rate and the 10-Year Treasury Yield.

Historically, the average spread between the two over the last 50 years was 1.72 percentage points (also commonly referred to as 172 basis points).

Factors such as inflation, other economic drivers, and the policy and decisions from the Federal Reserve (The Fed) are all influencing mortgage rates and a widening spread.

Why Does This Matter for You?

This may feel overly technical and granular, but here’s why homebuyers like you should understand th...

If you’re following mortgage rates because you know they impact your borrowing costs, you may be wondering what the future holds for them. 

07/18/2023

Newly listed homes are down across the country. If you’re looking to move this summer, selling while the number of homes coming onto the market is so low means your house will be in the spotlight for eager buyers who have limited options. DM me today so we can discuss why now is a great time to sell, if you’re ready.