The Westbrooks Team - Adams, Cameron, & Co. Realtors

05/02/2024

The number of homes for sale is playing a big role in today’s housing market. And, if you’re considering whether or not to list your house, today’s limited supply is one of the biggest advantages you have right now. That’s because your house stands out more when the inventory is low, especially if it’s priced right.

But the supply of homes for sale is growing. As Realtor.com says: “. . . sellers turned out in higher numbers this March as newly listed homes were 15.5% above last year’s levels. This marked the fifth month of increasing listing activity after a 17-month streak of decline.”

What This Means for You

If you’ve been putting off selling your house, maybe it’s time to start thinking about it again – before your neighbors do. While we’re not going to suddenly have a surplus of homes for sale, each house that pops on the market in your area runs the risk of pulling buyer attention away from yours.

For example, if your neighbor gets in on the...

The number of homes for sale is playing a big role in today’s housing market.

04/30/2024

More homeowners are saying it's a good time to sell. Want to know why?
The short answer is: this is the best time of year to list.
And if you get your home on the market now, you could see some serious perks.
Want to learn more? Let’s chat.

04/28/2024

Did you know the equity you have in your current house can help make your move possible? Once you sell, you can use it for a larger down payment on your next home, so you’re borrowing less. Or, you may even have enough to be an all-cash buyer. The typical homeowner has $298,000 in equity. If you want to find out how much you have, let’s connect for a Professional Equity Assessment Report.

Did you know the equity you have in your current house can help make your move possible?

04/27/2024

Multi-generational homes are gaining popularity for a number of reasons.

From cost savings to making it easier to care for aging parents, there are a lot of benefits to consider.

Thinking of buying a multi-gen home? Let’s talk to see if it's a perfect fit for you and your needs.

04/25/2024

If you’ve been keeping up with the news lately, you’ve probably come across some articles saying the number of foreclosures in today’s housing market is going up.

The reality is, while increasing, the data shows a foreclosure crisis is not where the market is headed.

The Headlines Make the Increase Sound Dramatic – But It’s Not

The increase the media is calling attention to is a little bit misleading. That’s because it’s comparing the most recent numbers to a time when foreclosures were at historic lows. And that lopsided comparison is making it sound like a much bigger deal than it actually is.

Back in 2020 and 2021, there was a moratorium and forbearance program that helped millions of homeowners avoid foreclosure during challenging times. That’s why numbers for just a few years ago were so low.

Now that the moratorium has come to an end, foreclosures are resuming and that means numbers are rising. But it’s an expected increase, not a...

If you’ve been keeping up with the news lately, you’ve probably come across some articles saying the number of foreclosures in today’s housing market is going up.

04/23/2024

Did you know?

Around 1 in 4 people still think homes prices are going to fall according to Fannie Mae.

A lot of that is because of clickbait headlines. But the actual data shows prices are rising nationally, not falling.

Have questions about what you’re reading? I'm here to help clear up any confusion.

04/21/2024

When it comes to the current housing market, there’s a lot of misinformation out there right now.

And you may be confused about what’s fact and what’s fiction.

That’s why I’m busting some of the biggest myths and misconceptions in real estate today. Swipe to see.

04/20/2024

There are a number of myths out there about the 2024 housing market. Need help separating fact from fiction? Let’s connect.

04/18/2024

Over the past year or so, a lot of people have been talking about how tough it is to buy a home. And while there’s no arguing affordability is still tight, there are signs it’s starting to get a bit better and may improve even more throughout the year.

1. Mortgage Rates

Despite the recent volatility, rates are still lower than they were last fall when they reached nearly 8%. On top of that, most experts still think they’ll come down some over the course of the year.

Any drop in rates can make a difference for you. When rates go down, you can afford the home you really want more easily because your monthly payment would be lower.

2. Home Prices

The second big factor to think about is home prices. Most experts project they'll keep going up this year, but at a more normal pace. That’s because there are more homes on the market this year, but still not enough for everyone who wants to buy one.

These forecasts are actually good news for you because...

Over the past year or so, a lot of people have been talking about how tough it is to buy a home.

04/16/2024

Waiting for mortgage rates to fall? A lot of other buyers are too.

When rates are higher, there are fewer buyers in the market. But when rates start to come down later this year, buyer demand will ramp up.

If you want to beat the crowd, you could sell now. It’ll save you a heap of competition and stress down the road. Let’s chat.

04/14/2024

If you’re about to retire, or just did, downsizing can be a good way to try to cut down on some of your expenses. Smaller homes typically have lower energy and maintenance costs. Plus, you may have enough equity built up to fuel your move. If you're thinking about moving to a smaller home, let’s go over your goals and look at your options in our local market.

If you’re about to retire, or just did, downsizing can be a good way to try to cut down on some of your expenses.