Brown Associated Brokers, Inc. Real Estate

01/25/2024

Celebrating 24 years!

05/05/2023

Despite higher mortgage rates, home prices really haven't come down in most markets and some people are still talking about a housing bubble.

The reality though is that WE ARE NOT IN A HOUSING BUBBLE.

Here are 3 reasons that this market is totally different than the housing bubble we experienced a little over a decade ago...

-> Housing supply is extremely limited. Despite higher mortgage rates, home buying demand remains strong. According to the National Association of Realtors, multiple offers are still occurring on about a third of all listings, and 28% of homes are selling above list price. Home owners with historic low rates simply are not moving.

-> Homebuyers are more credit worthy. In 2008, when the housing market crashed, mortgage standards were at an all time low for credit scores and down payment requirements, as well as proving income and assets to purchase. Current guidelines are much stricter, making the borrowers more financially secure.

-> Homes have equity. Homeowners were pulling out equity back in 2008, causing many to be upside down. This time around equity levels are extremely high, meaning that homeowners could see values decline slightly without concern.

Reach out anytime so I can show you why now is a GREAT time to buy a home, and why waiting could cost you so much more!

Shared with Dropbox

03/03/2022

Home Buying Do's and Don'ts

06/21/2021

Hello Summer!!

Make sure your home and vehicle are ready for anything this summer!

06/07/2021

01/26/2021

If you’re not sure where to start when it comes to organizing your closets, click the link below for help.

Simple ways to make your closet more manageable.

12/11/2020

Which of these ceiling would you go for? Living/Dining or Kitchen/Dining space.

11/29/2020

Check out this awesome post!

DIY garland is an easy way to bring the changing seasons indoors!

11/24/2020

This showstopping turkey is sure to be a hit this Thanksgiving season.

You’ll never want to prepare your holiday turkey any other way after making this recipe!

11/11/2020

Check out this awesome post!

This traveling USO-style song-and-dance extravaganza is bringing joy to thousands of American veterans.