Manny Fajardo, Jr. MBA - Homes by Manny

07/28/2023

Key Housing Market Trends [INFOGRAPHIC]

If you’re considering buying or selling a home, you’ll want to know what’s happening in the housing market. Housing inventory is still very low, prices are climbing back up, and homes are selling fast when priced right. If you want more information about our local area and what the trends mean for your plans to buy or sell, let’s connect.



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If you’re considering buying or selling a home, you’ll want to know what’s happening in the housing market.

07/27/2023

Right now, there are more buyers looking to make a purchase than there are homes available for sale. That’s why the market favors sellers and why homeowners are still seeing multiple offers today. DM me so we can start the process of selling your house before the end of the year.



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07/26/2023

Foreclosure Numbers Today Aren’t Like 2008

If you've been keeping up with the news lately, you've probably come across headlines talking about the increase in foreclosures in today’s housing market. This may have left you with some uncertainty, especially if you're considering buying a home. It’s important to understand the context of these reports to know the truth about what’s happening today.

According to a recent report from ATTOM, a property data provider, foreclosure filings are up 2% compared to the previous quarter and 8% since one year ago. While media headlines are drawing attention to this increase, reporting on just the number could actually generate worry for fear that prices could crash. The reality is, while increasing, the data shows a foreclosure crisis is not where the market is headed.

In recent years, the number of foreclosures has been down to re...



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If you've been keeping up with the news lately, you've probably come across headlines talking about the increase in foreclosures in today’s housing market.

07/25/2023

Don’t Fall for the Next Shocking Headlines About Home Prices

If you’re thinking of buying or selling a home, one of the biggest questions you have right now is probably: what’s happening with home prices? And it’s no surprise you don’t have the clarity you need on that topic. Part of the issue is how headlines are talking about prices.

They’re basing their negative news by comparing current stats to the last few years. But you can’t compare this year to the ‘unicorn’ years (when home prices reached record highs that were unsustainable). And as prices begin to normalize now, they’re talking about it like it’s a bad thing and making people fear what’s next. But the worst home price declines are already behind us. What we’re starting to see now is the return to more normal home price appreciation.

Why This Is So Important to Understand

In the coming months, as the housing marke...



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If you’re thinking of buying or selling a home, one of the biggest questions you have right now is probably: what’s happening with home prices?

07/24/2023

According to Freddie Mac, 18% of survey respondents say they’re likely to in the next 6 months. This means there are still plenty of buyers thinking about making a move. If you’re considering selling your house, now’s a great time to start the process. DM me if you’re thinking of listing your home while we’re still in a .



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07/21/2023

If you’re thinking about buying a home soon, one thing you can do to help you get ready is focus on your credit score. Higher scores can help you get a lower mortgage rate and better loan terms. A loan officer can provide even more strategies to help you improve your credit score. If you're ready to buy now, DM me for other valuable tips on the homebuying process.



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07/20/2023

Why Your House Isn’t Selling as Fast as You’d Like

If your house isn’t selling as fast as you’d like, there are a few things that could be a factor. Let's connect to discuss what we can do to re-ignite buyer interest in your house.



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07/19/2023

Explaining Today’s Mortgage Rates

If you’re following mortgage rates because you know they impact your borrowing costs, you may be wondering what the future holds for them. Unfortunately, there’s no easy way to answer that question because mortgage rates are notoriously hard to forecast.

But, there’s one thing that’s historically a good indicator of what’ll happen with rates, and that’s the relationship between the 30-Year Mortgage Rate and the 10-Year Treasury Yield.

Historically, the average spread between the two over the last 50 years was 1.72 percentage points (also commonly referred to as 172 basis points).

Factors such as inflation, other economic drivers, and the policy and decisions from the Federal Reserve (The Fed) are all influencing mortgage rates and a widening spread.

Why Does This Matter for You?

This may feel overly technical and granular, but here’s...



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If you’re following mortgage rates because you know they impact your borrowing costs, you may be wondering what the future holds for them. 

07/18/2023

Homebuyers Are Getting Used to the New Normal

Before you decide to sell your house, it’s important to know what you can expect in the current housing market. One positive trend right now is homebuyers are adapting to today’s mortgage rates and getting used to them as the new normal.

Rates have been between 6% and 7% pretty consistently for the past nine months.

According to Lawrence Yun, Chief Economist at NAR, mortgage rates play a significant role in buyer demand and, by extension, home sales. Yun highlights the positive impact of stable rates: “Mortgage rates heavily influence the direction of home sales. Relatively steady rates have led to several consecutive months of consistent home sales.”

As a seller, hearing that home sales are consistent right now is good news. It means buyers are out there and actively purchasing homes. Here’s a bit more context on how mortgage rat...



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Before you decide to sell your house, it’s important to know what you can expect in the current housing market. 

07/17/2023

Expert Insights for the Rest of the Year in Housing

Here’s what experts have to say about what lies ahead for inventory, mortgage rates, and home prices. Let's connect so you know what to expect in the housing market for the rest of the year.



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07/14/2023

Low Housing Inventory Is a Sweet Spot for Sellers [INFOGRAPHIC]

Today’s housing inventory is still well below more normal years. This low inventory is why homes that are priced right are still selling quickly and seeing multiple offers. If you want to sell your house, now is a great time because inventory is still low. Let’s connect to start the process.



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Today’s housing inventory is still well below more normal years.

07/13/2023

If you’re working remotely or only going into the office a couple of days, you may not need to limit your homebuying options based on your office’s location. Remote work allows you to broaden your search radius to include more affordable options outside of your traditional commute. DM me today if you’d like to cast a wider net when looking for your next home.



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