Luxury living is about more than just stunning views and cutting-edge smart home technology—it’s about elevating your lifestyle. And if you’re in the market for a million-dollar home, now is an excellent time to explore the thriving luxury market. Here’s why. The Number of Luxury Homes Is Growing The top of the market, or luxury […]
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Potential Effects of the Federal Reserve’s Upcoming Decisions on the Housing Market
Now that it’s September, all eyes are on the Federal Reserve (the Fed). The overwhelming expectation is that they’ll cut the Federal Funds Rate at their upcoming meeting, driven primarily by recent signs that inflation is cooling, and the job market is slowing down. Mark Zandi, Chief Economist at Moody’s Analytics, said: “They’re ready to cut, just as long as we […]
Is It the Right Time to Sell? Lifestyle Considerations That Could Influence Your Decision
Unsure whether to sell your home now or wait? It’s a common challenge, but one crucial factor to think about is your lifestyle. While finances matter, personal reasons for moving often outweigh financial considerations, making it worthwhile to act sooner. The National Association of Realtors (NAR) provides valuable insights in its annual report, revealing that […]
Will Home Prices Decrease?
Today’s headlines and news stories about home prices are confusing and make it tough to know what’s really happening. Some say home prices are heading for a correction, but what do the facts say? Well, it helps to start by looking at what a correction means. Here’s what Danielle Hale, Chief Economist at Realtor.com, says: “In stock […]
Are We Moving Toward a Balanced Market?
If you’ve been following the housing market over the past few years, you’re likely aware that sellers have had the upper hand. But could that be changing as inventory begins to rise? Here’s what you need to know. What Is a Balanced Market?A balanced market typically refers to a market with about a five-to-seven-month supply […]
2025 Housing Market Predictions: What Lies Ahead
Looking ahead to 2025, it’s important to know what experts are projecting for the housing market. And whether you’re thinking of buying or selling a home next year, having a clear picture of what they’re calling for can help you make the best possible decision for your homeownership plans. Here’s an early look at the most recent projections on mortgage […]
How Do Presidential Elections Influence the Housing Market?
It’s no surprise that the upcoming Presidential election might have you speculating about what’s ahead. And those unanswered thoughts can quickly spiral, causing fear and uncertainty to swirl through your mind. So, if you’ve been considering buying or selling a home this year, you’re probably curious about what the election might mean for the housing market – and if it’s still […]
What Interest Rate Are You Holding Out For?
You won’t find anyone who’s going to argue that mortgage rates have had a big impact on housing affordability over the past couple of years. But there is hope on the horizon. Rates have actually started to come down. And, recently they hit the lowest point we’ve seen in 2024, according to Freddie Mac (see graph below): And if you’re thinking about buying a home, that […]
Current Major Myths About the Housing Market
Have you ever heard the phrase: don’t believe everything you hear? That’s especially true if you’re thinking about buying or selling a home in today’s housing market. There’s a lot of misinformation out there. And right now, making sure you have someone you can go to for trustworthy information is extra important. If you partner with a real estate agent, they can […]
The Top Mistake Sellers Are Making: Pricing Their House Too High
In the current housing market, a significant error many sellers are making is setting their house prices too high. This frequent mistake can result in a home lingering on the market without receiving offers. When this occurs, the seller might need to lower the asking price to attract buyers again. According to data from Realtor.com, […]
