Kenny Vuong Real Estate

10/28/2023

09/29/2023

Explaining Today’s Low Housing Supply [INFOGRAPHIC]

Wondering why the supply of homes for sale is limited today? There are a few factors at play. Lack of building over time, the mortgage rate lock-in effect, and people staying in their houses longer are three of the main reasons why supply is low. But real estate agents know exactly where to look and what to do to make your dream a reality. DM me so you have an expert on your side to help you successfully navigate the market and find your next home.

Wondering why the supply of homes for sale is limited today?

09/28/2023

Why Your House Didn’t Sell

If your listing expired and your house didn’t sell, you’re likely feeling a little frustrated. Not to mention, you're also probably wondering what went wrong. Here are three questions to think about as you figure out what to do next.

Did You Limit Access to Your House?

One of the biggest mistakes you can make when selling your house is restricting the days and times when potential buyers can tour it. ShowingTime advises: “. . . do your best to be as flexible as possible when granting access to your house for showings.”

It’s simple. If no one’s able to look at it, how’s it going to sell?

Did You Make Your House Stand Out?

When selling your house, the old saying matters: you never get a second chance to make a first impression. Putting in the work to make the exterior of your home look nice is just as important as how you stage it inside. As an article from U.S. News says: “After all, if people drive by, but aren’t...

If your listing expired and your house didn’t sell, you’re likely feeling a little frustrated.

09/27/2023

Why Today’s Housing Inventory Shows a Crash Isn’t on the Horizon

You might remember the housing crash in 2008, even if you didn't own a home at the time. If you’re worried there’s going to be a repeat of what happened back then, there's good news – the housing market now is different from 2008.

Here’s a closer look at today's housing inventory to understand why this isn’t like 2008.

Homeowners Deciding To Sell Their Houses

Although housing supply did grow compared to last year, it’s still low. The current months’ supply is below the norm. There’s only about a third of that available inventory today.

Newly Built Homes

People are also talking a lot about what's going on with newly built houses these days, and that might make you wonder if homebuilders are overdoing it.

The 14 years of underbuilding is a big part of the reason why inventory is so low today. Basically, builders haven’t been building enough homes for years now and that’s created a...

You might remember the housing crash in 2008, even if you didn't own a home at the time.

09/26/2023

The Return of Normal Seasonality for Home Price Appreciation

If you’re thinking of making a move, one of the biggest questions you have right now is probably: what’s happening with home prices? Despite what you may be hearing in the news, nationally, home prices aren’t falling. It’s just that price growth is beginning to normalize. Here’s the context you need to really understand that trend.

In the housing market, there are predictable ebbs and flows that happen each year. It’s called seasonality. Spring is the peak homebuying season when the market is most active. That activity is typically still strong in the summer but begins to wane as the cooler months approach. Home prices follow along with seasonality because prices appreciate most when something is in high demand.

Why This Is So Important to Understand

In the coming months, you’re going to see the media talk more about home prices. In their coverage, you’ll likely see industry terms like...

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