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Silver Tsunami’s Impact on 2024 Housing Market
Have you ever heard the term “Silver Tsunami” and wondered what it’s all about? If so, that might be because there’s been a lot of talk about it online recently. Let’s dive into what it is and why it won’t drastically impact the housing market. What Does Silver Tsunami Mean? A recent article from HousingWire calls it: “. .…
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Rising Home Listings Amid Falling Mortgage Rates
If you’re looking to buy a home, the recent downward trend in mortgage rates is good news because it helps with affordability. But there’s another way this benefits you – it may inspire more homeowners to put their houses up for sale. The Mortgage Rate Lock-In Effect Over the past year, one factor limiting your move options is…
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Experts Project Home Prices Will Increase in 2024
Even though home prices are rising nationally, some people still worry they might come down. A recent survey from Fannie Mae found that 24% of people think home prices will decline over the next 12 months. That means almost one out of every four people are dealing with that fear, and you might be, too. To help ease that…
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Essential Tips for Selling Your 2024 Home
If one of the goals on your list is selling your house and making a move this year, you’re likely juggling a mix of excitement about what’s ahead and feeling a little sentimental about your current home. A great way to balance those emotions and ensure you’re confident in your decision is to keep these three best practices in…
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3 Key Factors Affecting Home Affordability
Over the past year, many people have talked about housing affordability and how tight it’s gotten. But recently, there’s been a little relief on that front. Mortgage rates have gone down since their most recent peak in October. But there’s more to being able to afford a home than just mortgage rates. To understand home affordability, you must consider…
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JAN 2024 NEWSLETTER
Stylish, Energy-Efficient Earth-Sheltered Home for Sustainable Living Realtor.com recently showcased a unique, energy-efficient home cozily nestled into the earth. This Lyme, New Hampshire residence, designed by renowned local architect Don Metz, incorporates earth-sheltered features and modern upgrades like solar power and heat pumps, reducing reliance on fossil fuels, and is currently listed for an approachable…
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Benefits of Current Mortgage Rate Trends for Sellers
If you’ve been holding off on selling your house to make a move because you felt mortgage rates were too high, their recent downward trend is exciting news for you. Mortgage rates have descended since last October, when they hit 7.79%. They’ve been below 7% for over a month now (see graph below): And while they’re not returning to…
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Homeownership: The Heart of the American Dream
Buying a home is a powerful decision and remains at the heart of the American Dream. Unlike renting, owning a home means more than just having a place to live – it offers a sense of belonging, stability, and freedom. According to Nicole Bachaud, Senior Economist at Zillow: “The American Dream is still owning a home. There’s a…
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INFOGRAPHIC: Home Prices Expected to Rise in Next 5 Years
Worried about the uncertain path of home prices? The Home Price Expectation Survey (HPES) brings good news, as experts project a consistent rise in home prices, which are expected to persist until 2028. Here are the key insights you need to know: Continuous Growth Projection Potential Equity Gains Long-Term Price Outlook Your Financial Future If…
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Homeownership’s Profound Impact on Net Worth
If you’re trying to decide whether to rent or buy a home this year, here’s a powerful insight that could give you the clarity and confidence you need to decide. Every three years, the Federal Reserve releases the Survey of Consumer Finances (SCF), which compares the net worth of homeowners and renters. The latest report shows the average homeowner’s net worth is…