Philip Harris Realtor-William Raveis

11/15/2023

Multi-generational living offers benefits that go well beyond financial savings. Sharing a home with multiple generations doesn’t just cut costs and expenses, it can also create stronger bonds and simplify caregiving. If these benefits appeal to you and your loved ones, DM me today so we can find the home that best suits your needs.

11/14/2023

These Top Cities Show Home Prices Are Still Climbing

If you’re considering buying a home or selling your current one to find something that better suits your needs, you may have questions about what’s happening with home prices today. Here’s what you need to know.

There’s still a lot of confusion and misinformation out there. So, no matter what you may have heard, the national data shows they've actually been climbing again.

Home Prices Are Rising Across the Top Cities in the U.S.

After seeing steady home price growth at the national level for the last several months, you may wonder if prices are going up in your local area, too. Know this: while this will vary from one area to the next, home prices are appreciating in these top cities Case-Shiller reports on in their monthly price index.

Here’s How This Affects You

• For Buyers: If you've been waiting to buy a home because you were...

If you’re considering buying a home or selling your current one to find something that better suits your needs, you may have questions about what’s happening with home prices today. 

11/13/2023

Whether it’s welcoming a new addition to your household or starting a new job, life events often spark the need to make a move. If something in your life has recently changed and you’re feeling the urge to find a home that better fits what you’re looking for, let’s connect.

11/12/2023

Thinking About Using Your 401(k) To Buy a Home?

Are you dreaming of buying your own home and wondering about how you’ll save for a down payment? You're not alone. Some people think about tapping into their 401(k) savings to make it happen. But before you decide to dip into your retirement to buy a home, be sure to consider all possible alternatives and talk with a financial expert. Here’s why.

The Numbers May Make It Tempting

It can be really tempting when you have a lot of money saved up in your 401(k) and you see your dream home on the horizon. But remember, dipping into your retirement savings for a home could cost you a penalty and affect your finances later on. That's why it's important to explore all your options when it comes to saving for a down payment and buying a home.

Alternative Ways To Buy a Home

Using your 401(k) is one way to finance a home, but it's not the...

Are you dreaming of buying your own home and wondering about how you’ll save for a down payment? You're not alone.

11/11/2023

Homeowner Net Worth Has Skyrocketed

If you’re weighing your options to decide whether it makes more sense to rent or buy a home today, here’s one key data point that could help you feel more confident in making your decision. Every three years, the Federal Reserve Board releases the Survey of Consumer Finances (SCF). That report covers the difference in net worth for both homeowners and renters. Spoiler alert: the gap between the two is significant.

The average homeowner’s net worth is almost 40X greater than a renter’s.

One of the biggest reasons homeowner net worth skyrocketed is home equity.

Over the last few years, known as the ‘unicorn’ years for housing, home prices went through the roof. That’s because there weren’t enough homes for sale, and there was a big influx of buyers rushing to buy them and take advantage of the then record-low mortgage rates. That imbalance of...

If you’re weighing your options to decide whether it makes more sense to rent or buy a home today, here’s one key data point that could help you feel more confident in making your decision.

11/10/2023

Homeownership is at the heart of the American Dream. And VA home loans can help veterans achieve that dream of owning a home. VA loans offer benefits like options for no down payment, no private mortgage insurance, and limited closing costs to help put buying a home within reach.

11/09/2023

Don’t Believe Everything You Read About Home Prices

According to the latest data from Fannie Mae, 23% of Americans still think home prices will go down over the next twelve months. But why do roughly 1 in 4 people feel that way?

It has a lot to do with all the negative talk about home prices over the past year. Since late 2022, the media has created a lot of fear about a price crash and those concerns are still lingering.

The answer is simple. Listen to the professionals who specialize in residential real estate.

Market experts acknowledge that nationally, prices did dip down slightly late last year, but that was short-lived. Data shows prices have already rebounded this year after that slight decline in 2022.

What’s worth noting is that, just a few short weeks ago, the Fannie Mae forecast was for 3.9% appreciation in 2023. In the forecast that just came out, that projection was...

According to the latest data from Fannie Mae, 23% of Americans still think home prices will go down over the next twelve months.

11/08/2023

For many people, finding a new place to call home isn't just a wish, it's a real need. If you need to move due to recent changes in your own life, let's connect and find the perfect home for you.

11/07/2023

The Benefits of Buying a Multi-Generational Home [INFOGRAPHIC]

If you’re ready to buy a home but are having a hard time affording it on your own, or, if you have aging loved ones you need to care for, you might want to consider a multi-generational home. Living with siblings, parents, and even grandparents can help you save money, give or receive childcare, and spend quality time together. Let’s connect to find a home in our area that’s perfect for you and your loved one’s needs.

11/06/2023

Debating selling your house before the year is over? Keep this in mind. If someone's looking to buy a home this time of year, you can bet they mean business. Buyers in the market toward the year’s end are usually super motivated and ready to make a move. DM me to get your house in front of those driven buyers this season.

11/05/2023

A Real Estate Agent Helps Take the Fear Out of the Market

Do negative headlines and talk on social media have you feeling worried about the housing market? Maybe you’ve even seen or heard something lately that scares you and makes you wonder if you should still buy or sell a home right now.

Regrettably, when news in the media isn't easy to understand, it can make people feel scared and unsure. Similarly, negative talk on social media spreads fast and creates fear.

But it doesn’t have to be that way. Buying a home is a big decision, and it should be one you feel confident making. You should lean on a trusted real estate agent to help you separate fact from fiction and get the answers you need.

That agent will use their knowledge of what’s really happening with home prices, housing supply, expert forecasts, and more to give you the best possible advice.

The right agent will...

Do negative headlines and talk on social media have you feeling worried about the housing market?

11/04/2023

In a recent survey, 45% of Americans said they believe real estate is the road to riches – that’s more than any other investment. That highlights the role many people believe homeownership plays in shaping their financial well-being and giving them a greater sense of stability. Ready to begin your journey toward homeownership? DM me today.