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How Much Home Equity Have You Gained?
There are several reasons you may be thinking about selling your house. As you weigh your options, you may find you’re unsure how you will deal with one thing about today’s housing market – affordability. If that’s your biggest concern, understanding how much equity you have in your house could help make your decision that much easier. Here are two key factors that have…
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Market Trends Report | SEP. ’24
Key Tips for September Home Sellers September often presents unique challenges for home sellers. As summer vacations wrap up and families shift their focus back to school, the real estate market tends to cool down. However, with the right strategies, you can still attract buyers and stand out in a competitive market. Here’s what you…
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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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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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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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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…