Lore Real Estate Services

10/28/2022

Keeping Today’s Housing Market in Perspective Is Key When You Sell

Today’s housing market is cooling from the frenzy it saw over the past two years. Let’s connect so you can have the expert advice you need to sell your house this season.


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10/28/2022

Owning a home has many financial benefits. As a homeowner, you gain equity by paying your monthly mortgage and when your home appreciates in value. And if your needs change, you can use that equity to help fuel a move. Whether you’re already a homeowner or planning to be one, DM me to learn more.


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10/27/2022

Millennials Are Still a Driving Force of Today’s Buyer Demand

If you’re thinking about selling your house but wondering if buyers are still out there, know that there are still people who are searching for a home to buy today. Your house may be exactly what they’re looking for.

While the millennial generation has been dubbed the renter generation, that namesake may not be appropriate anymore. Millennials, the largest generation, are actually a significant driving force for buyer demand in the housing market today. Here’s why.

>>Millennial Homebuying Power

While there’s no denying higher mortgage rates are making it more challenging to afford a home today, many millennials are still eager and able to buy homes – whether it’s their first or they’re moving up. That’s in large part because of the value they place on education.

A...


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If you’re thinking about selling your house but wondering if buyers are still out there, know that there are still people who are searching for a home to buy today. And your house may be exactly what they’re looking for.

10/26/2022

Your credit score plays a big role in your mortgage rate. That’s why, if you’re planning to buy a home, it’s important to maintain good credit habits and work to improve your score. If you have questions about any steps in the mortgage process, connect with a trusted lender in our area.


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10/26/2022

3 Graphs Showing Why Today’s Housing Market Isn’t Like 2008

With all the headlines and talk in the media about the shift in the housing market, you might be thinking this is a housing bubble. The good news is, there’s concrete data to show why this is nothing like the last time.

There were too many homes for sale during the housing crisis (many of which were short sales and foreclosures). That caused prices to fall dramatically. Supply has increased since the start of this year, but there’s still a shortage of inventory available, primarily due to almost 15 years of underbuilding homes.

There just isn’t enough inventory on the market for home prices to come crashing down like they did last time.

During the lead-up to the housing crisis, it was much easier to get a home loan than it is today. Back then, lending institutions took on much...


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With all the headlines and talk in the media about the shift in the housing market, you might be thinking this is a housing bubble. It’s only natural for those thoughts to creep in that make you think it could be a repeat of what took place in 2008. But the good news is, there’s concrete data to...

10/25/2022

What Happens to Housing when There’s a Recession?

Since the 2008 housing bubble burst, the word recession strikes a stronger emotional chord than it ever did before. And while there’s some debate around whether we’re officially in a recession right now, the good news is experts say a recession today would likely be mild and the economy would rebound quickly.

To add to that sentiment, housing is typically one of the first sectors to rebound during a slowdown.

Part of that rebound is tied to what has historically happened to mortgage rates during recessions. Here’s a look back at rates during previous economic slowdowns to help put your mind at ease.

>>Mortgage Rates Typically Fall During Recessions

Historical data helps paint the picture of how a recession could impact the cost of financing a home. Looking at recessions in this country...


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Since the 2008 housing bubble burst, the word recession strikes a stronger emotional chord than it ever did before. And while there’s some debate around whether we’re officially in a recession right now, the good news is experts say a recession today would likely be mild and the economy would re...

10/25/2022

In a market where buyers have more homes to choose from than they did at this time last year, you want yours to stand out. That’s why it’s critical to do everything you can to make sure it shines. It may sound simple, but tidying up before showings can boost your home’s appeal. For expert advice, DM me, and let’s partner on your home sale.


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10/24/2022

If you’re planning to sell your house, here’s what you should know. The inventory of homes for sale has increased this year compared to last, but supply is still far below more normal years like 2019. That means your house should still be in demand if you work with an agent to price it right. If you’re ready to sell, DM me to get started.


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10/24/2022

Pre-Approval Is a Critical First Step on Your Homebuying Journey

If you’re planning to buy a home this year, one of the first steps on your journey is getting pre-approved. Especially in today’s market when mortgage rates are higher than they were just a few months ago, getting a mortgage pre-approval can be a game changer. Here’s why.

>>What Is Pre-Approval?

To better understand why pre-approval is key, it’s important to know what pre-approval is. As part of the pre-approval process, a lender will look at your finances to determine what they’d be willing to loan you. From there, your lender will give you a pre-approval letter to help you understand your true price range and how much money you can borrow.

That can make it easier when you set out to search for homes because you’ll know your overall numbers. And with mortgage rates rising and...


Contact us if you're interested in buying or selling

If you’re planning to buy a home this year, one of the first steps on your journey is getting pre-approved. Especially in today’s market when mortgage rates are higher than they were just a few months ago, getting a mortgage pre-approval can be a game changer. Here’s why.

10/24/2022

Rents have risen quickly due to high inflation. One benefit of homeownership is that it allows you to lock in what’s typically your largest monthly expense: your housing payment. That makes owning a home a great hedge against inflation. Ready to begin your home search? DM me.


Contact us if you're interested in buying or selling