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Today’s Ideal Housing Supply for Sellers
Wondering if it still makes sense to sell your house right now? The short answer is yes. And if you look at the current number of homes for sale, you’ll see two reasons. An article from Calculated Risk shows there are 15.6% more homes for sale now compared to the same week last year. That tells us inventory has…
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2024 Expert Home Price Forecasts Revised Up
Over the past few months, experts have revised their 2024 home price forecasts based on the latest data and market signals, and they’re even more confident prices will rise, not fall. So, let’s see exactly how experts’ thinking has shifted – and what’s caused the change. 2024 Home Price Forecasts: Then and Now The chart below shows what seven…
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Don’t Let Home Price Headlines Confuse You!
Based on what you’re hearing in the news about home prices, you may be worried they’re falling. But here’s the thing. The headlines aren’t giving you the whole picture. If you look at the national data for 2023, home prices showed positive growth for the year. While this varies by market, and there were some months with slight declines nationally,…
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FEB 2024-MAR 2024 NEWSLETTER
2023 Real Estate Triumphs: Luxury Living in Denver & Boulder In a year that witnessed a slowdown in the residential real estate market, 2023 proved extraordinary for luxury home transactions in Denver and its surrounding areas. Despite the challenges posed by dwindling inventory and declining sales, some remarkable properties changed hands, leaving an indelible mark on our…
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What’s Happening with Mortgage Rates?
Are you feeling a bit unsure about what’s happening with mortgage rates? That might be because you’ve heard someone say they’re coming down. But then you read somewhere else that they’re up again. And that may leave you scratching your head and wondering what’s true. The most straightforward answer is that what you read or hear…
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INFOGRAPHICS: Homebuying Winning Plays in Today’s Market
In today’s competitive housing market, achieving success requires combining the right team and a solid plan. Here are some key strategies to help you come out on top when buying a home: Build My Dream Team: Surround yourself with a team of professionals who understand the intricacies of the market. This includes real estate agents,…
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Houses Are Still Selling Fast
Have you been thinking about selling your house? If so, here’s some good news. While the housing market isn’t as fierce as during the ‘unicorn’ years when houses sold quicker than ever, they’re still selling faster than usual. The graph below uses data from Realtor.com to tell the story of median days on the market for every January from 2017 through…
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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…