August Youngblood Realtor

07/27/2022

Wondering if home prices are going to fall? Even though the market is undergoing a shift and inventory is increasing, experts say home prices won't fall. Instead, they're forecasting prices will climb, just at a slower pace. DM me if you have questions about what's happening with home prices in our area.


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07/26/2022

A Window of Opportunity for Homebuyers

Mortgage rates are much higher today than they were at the beginning of the year, and that’s had a clear impact on the housing market. As a result, what the market is seeing is a shift back toward the range of pre-pandemic levels for buyer demand and for home sales.

But the transition back toward pre-pandemic levels isn’t a bad thing. In fact, the years leading up to the pandemic were some of the best the housing market has seen. That’s why, as the market undergoes this shift, it’s important to compare today not to the abnormal pandemic years, but to the most recent normal years to show how the current housing market is still strong.
According to data from ShowingTime, buyer demand is coming down from levels seen over the past two years, and the frenzy in real estate is easing because of higher mortgage rates. For you, that means buying your next...


live4realty.com

Mortgage rates are much higher today than they were at the beginning of the year, and that’s had a clear impact on the housing market. As a result, the market is seeing a shift back toward the range of pre-pandemic levels for buyer demand and home sales.

07/25/2022

What’s Causing Ongoing Home Price Appreciation?

While experts say price growth will moderate due to the shifting market, ongoing appreciation is expected. That means home prices won’t fall. Here’s a look at two key reasons experts forecast continued price growth: supply and demand.

Even though inventory is increasing this year as the market moderates, supply is still low. Right before the 2008 housing crash, homebuilding increased significantly. The resulting oversupply of homes for sale led to prices dropping during the crash and some builders leaving the industry or closing their businesses – and that led to a long period of underbuilding of new homes. It’ll take time to build enough homes to meet the deficit of underbuilding that took place over the past 14 years.

On the other hand, the frenzy the market saw during the pandemic is because there was more demand than homes...


live4realty.com

If you’re thinking about making a move, you probably want to know what’s going to happen to home prices for the rest of the year. While experts say price growth will moderate due to the shifting market, ongoing appreciation is expected. That means home prices won’t fall. Here’s a look at two...

07/22/2022

Expert Insights on Where the Housing Market Is Heading

Want to know what the future holds for rates, prices, and inventory? Let's connect so you have a trusted advisor to answer your housing market questions.


live4realty.com

07/21/2022

Think Home Prices Are Going To Fall? Think Again

Over the last two years, the rate of home prices appreciated at a dramatic pace, and it’s also caused some buyers to wonder if home prices will fall. It’s important to know the housing market isn’t a bubble about to burst, and home price growth is supported by strong market fundamentals.

Here’s what you need to know.

>> Where Experts Say Prices Will Go from Here

You might be asking: why did home prices climb so much last year? It’s because there were more buyers than there were homes for sale. That imbalance put upward pressure on home prices because demand was extremely high, and supply was record low.

While housing inventory is increasing and buyer demand is softening today, there’s still a shortage of homes available for sale. Mark Fleming, Chief Economist at First American, explains it like this:

“. . .we’re still...


live4realty.com

Over the last two years, the rate of home prices appreciated at a dramatic pace. While that led to incredible equity gains for homeowners, it’s also caused some buyers to wonder if home prices will fall. It’s important to know the housing market isn’t a bubble about to burst, and home price gr...

07/20/2022

Should You Buy a Home with Inflation This High?

While the Federal Reserve is working hard to bring down inflation, the latest data shows the inflation rate is still going up. You no doubt are feeling the pinch on your wallet at the gas pump or the grocery store, but that news may also leave you wondering: should I still buy a home right now?

Greg McBride, Chief Financial Analyst at Bankrate, explains how inflation is affecting the housing market. “Inflation will have a strong influence on where mortgage rates go in the months ahead. . . . Whenever inflation finally starts to ease, so will mortgage rates — but even then, home prices are still subject to demand and very tight supply.”

No one knows how long it’ll take to bring down inflation, and that means the future trajectory of mortgage rates is also unclear. While that uncertainty isn’t comfortable and there’s no denying...


live4realty.com

While the Federal Reserve is working hard to bring down inflation, the latest data shows the inflation rate is still going up. You no doubt are feeling the pinch on your wallet at the gas pump or the grocery store, but that news may also leave you wondering: should I still buy a home right now?

07/19/2022

Data from realtor.com shows the number of homes being listed for sale, or new listings, is rising. In fact, there are more homes coming to market today than there were at the same time last year. That’s great news if you’re craving additional options for your home search. DM me and let’s work together to find your next home.


live4realty.com

07/18/2022

Lean on a Real Estate Expert When You Sell in Today's Shifting Market

Today's market is at a turning point. Let's connect so you have an expert in your corner when you sell your house.


live4realty.com

07/15/2022

When it comes to mortgage rates, perspective is important. Rates have certainly risen since the start of the year, but they’re still low when you look at where they’ve been in the past. If you’re planning to buy a home this year, DM me to discuss why it’s still worth prioritizing your homeownership goals.


live4realty.com

07/14/2022

Today’s housing market is shifting, but we’re still in a sellers’ market. We're going from a market that's unlike any we've ever seen to one more like pre-pandemic. And the years leading up to the pandemic were some of the best years real estate has seen. DM me so we can discuss our local market and why it's still a good time to sell.


live4realty.com

07/13/2022

Realtor.com keeps a close eye on housing inventory trends and as a result updated their 2022 forecast. They’re projecting a significant increase in the inventory of homes for sale. If you’re a buyer, that means more options for your home search. DM me so we can work together to find you your dream home.


live4realty.com

07/12/2022

Wondering if you should buy a home today? Experts say home prices will continue to appreciate in the coming years. If you buy now, you’ll beat those future increases. And once you do own the home, any price appreciation that occurs will grow your home’s value and your net worth. DM me today if you’re ready to invest in homeownership.


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