Lauren McConnaughhay Realtor, Zach Taylor Real Estate

Name: Lauren McConnaughhay Realtor, Zach Taylor Real Estate
Address: Memphis, TN, US
Telephone: +19012701573

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Lauren McConnaughhay Realtor, Zach Taylor Real Estate

Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from Lauren McConnaughhay Realtor, Zach Taylor Real Estate, Real Estate, Memphis, TN.

10/23/2023

Why Home Prices Keep Going Up

If you've ever dreamed of buying your own place, or selling your current house to upgrade, you're no stranger to the rollercoaster of emotions changing home prices can stir up.

But if you put off moving because you’re worried home prices might drop, make no mistake, they’re not going down. In fact, it's just the opposite.

Orphe Divounguy, Senior Economist at Zillow, explains changing home prices over the past 12 months this way: “The U.S. housing market has surged over the past year after a temporary hiccup from July 2022-January 2023. . . . That downturn has proven to be short lived as housing has rebounded impressively so far in 2023. . .”

Looking ahead, home price appreciation typically starts to ease up this time of year. As that happens, there’s some risk the media will confuse slowing price growth (deceleration of appreciation) with home prices falling (depreciation). Don’t be...

If you've ever dreamed of buying your own place, or selling your current house to upgrade, you're no stranger to the rollercoaster of emotions changing home prices can stir up.

10/20/2023

Home Price Growth Is Returning to Normal [INFOGRAPHIC]

If you're wondering what’s happening with home prices, know they’re still rising, just at a slower pace – and that’s perfectly normal for this time of year. Based on typical seasonality in the market, prices go up most in the spring during the peak buying season, and then price growth slows down as the year goes on. Home prices aren’t falling. They’re just rising slower and going back to normal seasonal trends. That’s a good thing. If you're curious about prices in our area, let’s connect.

If you're wondering what’s happening with home prices, know they’re still rising, just at a slower pace – and that’s perfectly normal for this time of year.

10/16/2023

Are Higher Mortgage Rates Here To Stay?

Mortgage rates have been back on the rise recently and that’s getting a lot of attention from the press. If you’ve been following the headlines, you may have even seen rates recently reached their highest level in over two decades.

That can feel like a little bit of a gut punch if you’re thinking about making a move. If you’re wondering whether or not you should delay your plans, here’s what you really need to know.

How Higher Mortgage Rates Impact You

There’s no denying mortgage rates are higher right now than they were in recent years.
Basically, some people are deciding to put their plans on hold because of where mortgage rates are right now. But what you want to know is: is that a good strategy?

Where Will Mortgage Rates Go from Here?

If you’re eager for mortgage rates to drop, you’re not alone. A lot of people are waiting for that to happen. But here’s the...

Mortgage rates have been back on the rise recently and that’s getting a lot of attention from the press.

10/13/2023

The Difference Between Renting and Buying a Home [INFOGRAPHIC]

When deciding between buying a home or renting, think about these three important factors. Buying a home means owning a tangible and valuable asset, avoiding rising rents, and growing your wealth over time. If you’re ready to enjoy the advantages of owning a home, DM me to discuss your options.

When deciding between buying a home or renting, think about these three important factors.

10/09/2023

Key Skills You Need Your Listing Agent To Have

Selling your house is a big decision. And that can make it feel both exciting and a little bit nerve-wracking. But the key to a successful sale is finding the perfect listing agent to work with you throughout the process. A listing agent, also known as a seller's agent, helps market and sell your house while advocating for you every step of the way.

But, how do you know you've found the perfect match in an agent? Here are three key skills you’ll want your listing agent to have.

They Price Your House Based on the Latest Data

While it may be tempting to pick the agent who suggests the highest asking price for your house, that strategy may cost you.

As NerdWallet explains: “An agent who recommends the highest price isn't always the best choice. Choose an agent who backs up the recommendation with market knowledge.”

They’re a Great Negotiator

A skilled listing...

Selling your house is a big decision.

10/06/2023

How Homeowner Net Worth Grows with Time [INFOGRAPHIC]

If you’re thinking about buying a home this year, be sure to consider the long-term financial advantages of homeownership, like home equity. On average, people who bought homes 32 years ago have seen their home’s value nearly triple over that time. If you’re wondering if buying a home is a good idea, remember rising home values could grow your net worth with time. When you’re ready to start your homebuying journey, let’s talk.

If you’re thinking about buying a home this year, be sure to consider the long-term financial advantages of homeownership, like home equity.

10/02/2023

Unpacking the Long-Term Benefits of Homeownership

If you’re thinking about buying a home soon, higher mortgage rates, rising home prices, and ongoing affordability concerns may make you wonder if it still makes sense to buy a home right now. While those market factors are important, there's more to consider. You should think about the long-term benefits of homeownership too.

Think about this: if you know people who bought a home 5, 10, or even 30 years ago, you’re probably going to have a hard time finding someone who regrets their decision. Why is that? The reason is tied to how home values grow with time and how, by extension, that grows your own wealth. That may be why, in a recent Fannie Mae survey, 76% of respondents say they believe buying a home is a safe investment.

If you look at the percent change in home prices, you can see home prices grew on average by just over 57% nationwide over a five-year...

If you’re thinking about buying a home soon, higher mortgage rates, rising home prices, and ongoing affordability concerns may make you wonder if it still makes sense to buy a home right now.

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?

09/25/2023

Beginning with Pre-Approval

If you’re looking to buy a home this fall, there are a few things you need to know. Affordability is tight with today’s mortgage rates and rising home prices. At the same time, there’s a limited number of homes on the market right now and that’s creating some competition among buyers. But, if you’re strategic, there are ways to navigate these waters. The first thing you’ll want to do is get pre-approved for a mortgage. That way you’ll know your numbers and can set yourself up for success from the start of your home search.

What Pre-Approval Does for You

Basically, pre-approval gives you critical information about the homebuying process that’ll help you understand how much you may be able to borrow. Why does this help you, especially today? With higher mortgage rates and home prices impacting affordability for many buyers right now, a solid understanding of your numbers is even more...

If you’re looking to buy a home this fall, there are a few things you need to know.

09/22/2023

How Remote Work Helps with Your House Hunt [INFOGRAPHIC]

While remote work peaked during the pandemic, many people still work from home today. If you’re one of them, it could have an unexpected benefit when you’re looking to buy a home. If you can work from home, you might have more choices for where to live. DM me to talk about your options and what's most important to you.

While remote work peaked during the pandemic, many people still work from home today.

09/18/2023

Are More Homes Coming onto the Market?

An important factor shaping today’s market is the number of homes for sale. And, if you’re considering whether or not to list your house, that’s one of the biggest advantages you have right now. When housing inventory is this low, your house will stand out, especially if it’s priced right.

But there are some early signs that more listings are coming. According to the latest data, new listings are trending up. Here’s a look at why this is noteworthy and what it may mean for you.

More Homes Are Coming onto the Market than Usual

It’s well known that the busiest time in the housing market each year is the spring buying season. That’s why there’s a predictable increase in the volume of newly listed homes throughout the first half of the year.

But here’s what’s surprising. Based on the latest data from Realtor.com, there’s an increase in the number of sellers listing their...

An important factor shaping today’s market is the number of homes for sale.

09/15/2023

Plenty of Buyers Are Still Active Today [INFOGRAPHIC]

Holding off on selling your house because you believe there aren’t any buyers out there? Data shows buyers are still active, even with higher mortgage rates. This goes to show, people still want to buy homes, and those who can are moving now. Don’t delay your plan to sell for fear no one is buying. The opposite is true and buyer traffic is still strong today. Let’s connect to get your house in front of these buyers.

Holding off on selling your house because you believe there aren’t any buyers out there?

Address

Memphis, TN

Telephone

+19012701573

Website

http://www.yourmemphishome.com/

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