Macey Burk - Realtor

03/18/2024

Considering buying a home this spring? There aren't enough houses for sale to meet buyer demand, which means you could find yourself in a multiple-offer scenario. Here are some tips to ensure yours stands out from the competition. When you’re ready to explore what's available in our area, DM me.

03/17/2024

If you’re dreaming of buying a home, you might not want to wait – homes are just going to get more expensive. Why? Experts are projecting home prices will go up for the next five years. That means buying now will likely help you build in the future as your home’s value rises.

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03/15/2024

Your Home Is a Powerful Investment

Going into 2023, there was a lot of talk about a possible recession that would cause the housing market to crash. Some in the media were even forecasting home prices would drop by as much as 10-20%—and that might have made you feel a bit unsure about buying a home.

But here’s what actually happened: home prices went up more than usual. Brian D. Luke, Head of Commodities at S&P Dow Jones Indices, explains: “Looking back at the year, 2023 appears to have exceeded average annual home price gains over the past 35 years.”

The big takeaway? Home prices almost always go up.

As an article from Forbes says: “. . . the U.S. real estate market has a long and reliable history of increasing in value over time.”

In fact, since 1980, the only time home prices dropped was during the housing market crash. Fortunately, the market today isn’t like it was in 2008. For starters, there aren’t enough...

Going into 2023, there was a lot of talk about a possible recession that would cause the housing market to crash.

03/13/2024

Today’s affordability challenges combined with a lack of available homes means you need to be strategic in order to find one that meets your needs and fits your budget. Opting for a fixer-upper might be the answer. Let’s chat to see if this is a good option for you and explore what’s on the market in our area.

03/11/2024

It’s still a seller’s market. Although there are a few more listings popping up compared to last year, the overall number of homes for sale is still really low. That means if you're thinking about selling, you've got an advantage. Ready to get your house on the market? Let's chat.

03/10/2024

Why There Won’t Be a Recession That Tanks the Housing Market

There’s been a lot of recession talk over the past couple of years. And that may leave you worried we’re headed for a repeat of what we saw back in 2008. Here’s a look at the latest expert projections to show you why that isn’t going to happen.

According to Jacob Channel, Senior Economist at LendingTree, the economy’s pretty strong: “At least right now, the fundamentals of the economy, despite some hiccups, are doing pretty good. While things are far from perfect, the economy is probably doing better than people want to give it credit for.”

Most experts believe there won’t be a recession in the next 12 months. One reason why is the current unemployment rate. The unemployment rate today is still very low.

But will the unemployment rate go up? Economists don’t expect the unemployment rate to even come close to the long-term average over the next three years – much less the 8.3% we saw...

There’s been a lot of recession talk over the past couple of years.

03/08/2024

If you put your plans to move on hold because of mortgage rates, think about what rate would get you back in the game. Let me know what that number is, and I'll be sure to reach out when the time comes.

03/06/2024

The First Step: Getting Pre-Approved for a Mortgage [INFOGRAPHIC]

If you’re looking to buy a home in 2024, getting pre-approved is a key piece of the puzzle. Mortgage pre-approval means a lender checks your finances and decides how much you’re qualified to borrow. As more buyers re-enter the market, it’ll help you make a strong offer that stands out from the crowd. Talk to a trusted professional to learn more and begin your homebuying process today.

If you’re looking to buy a home in 2024, getting pre-approved is a key piece of the puzzle. Mortgage pre-approval means a lender checks your finances and decides how much you’re qualified to borrow.

03/04/2024

What To Know About Credit Scores Before Buying a Home

If you want to buy a home, you should know your credit score is a critical piece of the puzzle when it comes to qualifying for a mortgage. Lenders review your credit to see if you typically make payments on time, pay back debts, and more. Your credit score can also help determine your mortgage rate.

That means your credit score may feel even more important to your homebuying plans right now since mortgage rates are a key factor in affordability. According to the Federal Reserve Bank of New York, the median credit score in the U.S. for those taking out a mortgage is 770. But that doesn’t mean your credit score has to be perfect.

Working with a trusted lender is the best way to get more information on how your credit score could factor into your home loan and the mortgage rate you’re able to get.

If you’re looking for ways to improve your score, Experian...

If you want to buy a home, you should know your credit score is a critical piece of the puzzle when it comes to qualifying for a mortgage.

03/03/2024

If you’re looking to buy a home, your down payment doesn’t have to be a big hurdle. You might be surprised how achievable your goal is, especially with the right support on your side. There are over 2,200 programs out there designed to assist homebuyers like you with down payments. To learn more about your options, DM me today.

03/01/2024

New construction is becoming even more important in today's housing market. Since the supply of homes available for sale is still lower than normal, newly built homes can be a game changer because they give you more options for your search. DM me so you have a local expert to help you explore all the options in our area.

02/28/2024

The Truth About Down Payments

If you’re planning to buy your first home, saving up for all the costs involved can feel daunting, especially when it comes to the down payment. That might be because you’ve heard you need to save 20% of the home’s price to put down. Well, that isn’t necessarily the case.

Unless specified by your loan type or lender, it’s typically not required to put 20% down. That means you could be closer to your homebuying dream than you realize.

According to the National Association of Realtors (NAR), the median down payment hasn’t been over 20% since 2005. In fact, for all homebuyers today it’s only 15%. And it’s even lower for first-time homebuyers at just 8%.

The big takeaway? You may not need to save as much as you originally thought.

Learn About Resources That Can Help You Toward Your Goal

According to Down Payment Resource, there are also over 2,000 homebuyer assistance programs in...

If you’re planning to buy your first home, saving up for all the costs involved can feel daunting, especially when it comes to the down payment.