Reynolds Properties

12/31/2022

Before you give up on trying to buy a home in the face of rising mortgage rates, consider these negotiating tips that can help you achieve your goal of becoming a homeowner

Rising mortgage rates and home prices have reduced affordability to its lowest point since 1989 according to the National Association of Realtors (NAR). Home prices have increased significantly but have begun to fall. Prices were up 18 percent year on year in June, according to the Case-Schiller ind...

12/28/2022

You may believe that it is better to wait out the market. In fact, there are countless opportunities if you approach real estate as a long-term investment.

Buyers and sellers are struggling to keep up with the shifting market, according to a Zillow survey, which found that many think prices will fall steeply in 2023.

12/27/2022

Home buyers may have the upper hand now and are seeing a light at the end of the tunnel as the market shifts towards them.

You’ve probably noticed that the housing market is changing. Is it, however, a “buyer’s market” just yet? With buyer activity picking up as inventory rises and prices and interest rates drop, buyers can finally bid farewell to waiting lists and bidding wars and hello to more freedom. The hou...

12/24/2022

It turns out that being near grocery stores is not only convenient for homeowners, but it can also have a significant effect on home equity and value. How is this so? Read Attom's full analysis here!

ATTOM's 2022 Grocery Store Wars analysis shows how living near a Trader Joe’s, a Whole Foods or an ALDI might affect a home’s value.

12/22/2022

Homeowners have decided to stay in their current homes rather than buy new ones and are beginning to tap into their equity. Read here to know more!

12/19/2022

For homebuyers who have paused their home search, this might be the time to continue! There are indications that the home-buying competition is alleviating. Want to know more? Read here!

While home sellers may enjoy watching potential buyers compete for their properties, the housing market is experiencing a decline in bidding wars, giving those buyers who remain on the fence more choices and negotiating power. The market appears to be slowing from the surge in recent months. Accordi...

12/17/2022

The housing market is not collapsing; rather, after reaching an unsustainable high last year, it is returning to more balanced conditions. Here's what you need to know!

The housing market is slowing after mortgage rates hit historic lows during the pandemic, boosting demand for new homes and bumping up listing prices. This year, mortgage rates have risen by more than two and a half percentage points. Furthermore, the rising costs of financing a property have altere...

12/14/2022

Will foreclosures rise as house price appreciation slows and the market loses steam? To find out, read full article here!

First American Economist Ksenia Potapov examines the risks of increasing foreclosures amid cooling housing and labor markets.

12/13/2022

Building a new home allows you to get exactly what you want without having to wait for it to come on the market. Here are other factors why new construction is the best for you!

Among the many choices that homebuyers must consider is whether to purchase a new construction home or an existing home. Buyers in today’s hot housing market are likely to look at every available property on the market. While each home has its own distinct charms, newly constructed homes and resal...

12/10/2022

Potential home sellers gained equity during the pandemic. Even if affordability-constrained buyer demand drives price declines, in some markets, they are unlikely to lose what they have gained. Read the full article here.

First American Chief Economist Mark Fleming shares his proprietary Real House Price Index, examining how affordability-driven shift in demand has produced falling prices in some markets and turned the housing market toward buyers.