While the number of homes for sale varies by local area, nationally we’re up over 36% year-over-year, but still down almost 29% compared to what’s normal.
Here’s what that means when you buy: more options for your search, more negotiation power for you, it’s more likely sellers will make select repairs, and more moderate price growth.
If you want to talk more about what rising inventory means for you, connect with a local real estate agent.
Back in 2008, there was an oversupply of homes for sale. Today, there’s an undersupply. The three main sources of inventory show this isn’t like the last time.
Equity is the difference between what your house is worth and what you still owe on your mortgage.
The typical homeowner gained $28,000 over the past year and has a grand total of $305,000 in equity. And there are a lot of great ways you can use that equity.
To find out how much equity you have, connect with a real estate agent who can give you a Professional Equity Assessment Report (PEAR).
They include everything from putting off pre-approval for too long, holding out for the perfect home, buying more than they can afford, and skipping out on hiring a pro.
Connect with a real estate agent to make sure you have a pro on your side who can help you avoid these mistakes.
Are you wondering if the upcoming election will have an impact on the housing market? Here’s what history tells us you need to know if you’re considering a move.
Data shows home sales slow in November but quickly bounce back and rise the following year. Prices usually keep climbing. And mortgage rates typically come down slightly.
Presidential elections have only a small and temporary impact on the housing market. If you have questions, connect with a real estate agent.
If you have questions about what to expect for the rest of the year, connect with a local agent to have a conversation about what it means for you and your plans.
Don’t take all of this responsibility on. Instead, connect with an agent so you have someone with the knowledge and experience you’ll need on your side.
According to a recent poll from Gallup, real estate has been voted the best long-term investment for twelve straight years.
That’s because a home is so much more just than a roof over your head. It’s also an asset that typically grows in value over time.
If you’ve been debating if it makes more sense to rent or buy, connect with a real estate agent to talk about why homeownership can be a better bet in the long run.
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