The Condo Queens and Luxury Homes

02/05/2024

Curious about the rumored Silver Tsunami and its potential impact on you? Well, there’s no need to worry because experts don’t think there’ll be any major impact right away. That’s because as baby boomers age, many won’t move. And those who do decide to relocate won’t be moving all at once. The effect will be gradual.

02/02/2024

Planning to make a move this year? Whether you're buzzing with excitement for the next chapter or feeling a bit sentimental about your current home, finding the right balance is key. With these three best practices, you'll feel confident and ready to take on the journey. Let's chat about your plans and ensure you navigate the process smoothly.

02/01/2024

Experts Project Home Prices Will Go Up in 2024

Experts project home prices will go up in 2024. Let’s connect to go over what’s happening with home prices in our local area.

01/31/2024

Foreclosure Activity Is Still Lower than the Norm

Have you seen headlines talking about the increase in foreclosures in today’s housing market? If so, they may leave you feeling a bit uneasy about what’s ahead. But remember, these clickbait titles don’t always give you the full story.

The truth is, if you compare the current numbers with what usually happens in the market, you’ll see there’s no need to worry.

Putting the Headlines into Perspective

The increase the media is calling attention to is misleading. That’s because they’re only comparing the most recent numbers to a time where foreclosures were at historic lows. And that’s making it sound like a bigger deal than it is.

In 2020 and 2021, the moratorium and forbearance program helped millions of homeowners stay in their homes, allowing them to get back on their feet during a very challenging period.
When the moratorium came to an end, there was an...

Have you seen headlines talking about the increase in foreclosures in today’s housing market?

01/30/2024

How Owning a Home Can Really Increase Your Wealth

If you're choosing between renting or buying a home this year, consider that homeownership can be a significant wealth-building tool. Let’s connect so you can learn more about how buying a home can increase your net worth over time.

01/29/2024

Starting out on your home buying journey and feeling a bit lost in the lingo? Let's simplify the process and boost your confidence. Here's your go-to guide, breaking down the language of home buying. DM me today with any questions you have.

01/27/2024

Why It’s More Affordable To Buy a Home This Year [INFOGRAPHIC]

Home affordability depends on three factors: mortgage rates, home prices, and wages. Mortgage rates are down from their recent peak, home prices are expected to rise at a slower pace, and wages are increasing faster than usual. That’s good news if you want to buy a home because it means affordability is getting better.

Home affordability depends on three factors: mortgage rates, home prices, and wages. 

01/26/2024

Great news for those awaiting favorable mortgage rates before making a move. They’ve been trending downward in recent months and projections indicate they’re likely to decline further throughout 2024. That means new opportunities for both buyers and sellers. Want to know how changing mortgage rates might shape your moving plans? DM me today.

01/25/2024

Are More Homeowners Selling as Mortgage Rates Come Down?

If you’re looking to buy a home, the recent downward trend in mortgage rates is good news because it helps with affordability. But there’s another way this benefits you – it may inspire more homeowners to put their houses up for sale.

The Mortgage Rate Lock-In Effect

Over the past year, one factor that’s really limited the options for your move is how few homes were on the market. That’s because many homeowners chose to delay their plans to sell once mortgage rates went up.

Early Signs Show Those Homeowners Are Ready To Move Again

According to the latest data from Realtor.com, there were more homeowners putting their houses up for sale, known in the industry as new listings, in December 2023 compared to December 2022.

Here's why this is so significant. Typically, activity in the housing market cools down in the later months of the year as some sellers...

If you’re looking to buy a home, the recent downward trend in mortgage rates is good news because it helps with affordability.

01/24/2024

Experts Project Home Prices Will Increase in 2024

Even though home prices are going up nationally, some people are still worried they might come down. In fact, a recent survey from Fannie Mae found that 24% of people think home prices will actually decline over the next 12 months. That means almost one out of every four people are dealing with that fear, and you might be, too.

To help ease that concern, here's what experts forecast will happen with prices this year.

Experts Project a Modest Increase

Prices aren’t likely to depreciate in 2024 because inventory is still tight and lower mortgage rates are leading to strong buyer demand. Those two factors will keep pushing prices up as the year goes on. As Selma Hepp, Chief Economist at CoreLogic, explains: “With mortgage rates dropping, demand for homes in early 2024 is likely to be strong and will again put pressure on prices, similar to trends observed in...

Even though home prices are going up nationally, some people are still worried they might come down.

01/23/2024

Why You May Want To Seriously Consider a Newly Built Home

Are you putting off your plans to sell because you’re worried you won’t be able to find a home you like when you move? If so, it may be time to consider a newly built home and the benefits that come with one. Here’s why.

Near-Record Percentage of New Home Inventory

The percentage of the total homes available to buy that are newly built is well over two times higher than the norm. And even more new homes are on the way.

Recent data from the Census shows there’s been an uptick in both housing starts (where builders break ground on more new homes) and housing completions (homes where construction just wrapped).

And while some people may worry builders are building too many homes, that isn’t a concern – if anything, the recent increase is really good news.

How This Helps You

Since the supply of existing homes for sale is still low right now, the increase of...

Are you putting off your plans to sell because you’re worried you won’t be able to find a home you like when you move?

01/22/2024

Why You May Want To Consider a Newly Built Home Today

If you’re feeling frustrated by the limited supply of homes for sale, you may want to look into new home construction. Let's connect to go over the process for buying a newly built home and see what’s available near us.