It is true that record levels of home price appreciation have spurred significant equity gains for homeowners over the past few years. As Diana Olick, Real Estate Correspondent at CNBC, says: “The stunning jump in home values over the course of the Covid-19 pandemic has given U.S. homeowners record amounts of housing wealth.” That is great for your home’s value over the last couple of years, but what if you have lived in your home for longer than that? You may be wondering
Defining the American dream is personal, and no one individual will have the same definition as another. But the feelings it brings about – success, freedom, and a sense of prosperity – are universal. That’s why, for many people, homeownership remains a key part of the American Dream. Your home is your stake in the community, a strong financial investment, and an achievement to be proud of, now more than ever! A recent survey from Bankrate asked respondents to rank achieve
Most people don’t buy their “forever house” right out of the gate. It is hard to afford a home that has the size and amenities you want on your first (or even second) purchase.
So most people start out with something a little smaller, needing some work, or not in their ideal location. The plan is usually to spend a few years in it, then sell it to buy a bigger, better home in your ideal neighborhood once you have built up some equity. That typical trajectory has been put
Experts in the real estate industry use a number of terms when they talk about what is happening with home prices. And some of those words sound a bit similar but mean very different things. To help clarify what's happening with home prices and where experts say they are going, here is a look at a few terms you may hear: Appreciation is when home prices increase. Depreciation is when home prices decrease. Deceleration is when home prices continue to appreciate, but at a slo
If you are a homeowner thinking about selling your house, you are probably looking for the best time to make your move. That means you are likely balancing a number of factors, like your changing needs, where you will go when you sell, and today’s mortgage rates in order to time it just right. According to recent data, that sweet spot could already be here. The latest Home Purchase Sentiment Index (HPSI) by Fannie Mae finds that 76% of consumers believe now is a good time t
We are in the midst of what experts are dubbing The Great Resignation, with people leaving their jobs in record numbers. But what if you are considering buying a home in the near future? Is joining The Great Resignation the right move for you, or is it better to wait until after you have purchased a home to make a major career move? A recent article from realtor.com outlined factors potential buyers should consider if they are considering changing jobs before or during their
If you are following the news, all of the headlines about conditions in the current housing market may leave you with more questions than answers. Is the boom over? Is the market crashing or correcting? Here’s what you need to know. The housing market is moderating compared to the last two years, but what everyone needs to remember is that the past two years were record-breaking in nearly every way.
Record-low mortgage rates and millennials reaching peak homebuying years
Thinking about buying a home, but concerned that your credit score isn’t where it needs to be? Not to worry; there are steps you can take to increase your credit score prior to buying a home—and increase your likelihood of getting approved for a mortgage in the process. So what, exactly, are those steps? A recent article from realtor.com outlined strategies potential buyers can use to boost their credit score in the months before purchasing a home, including: Check your cre
When you buy a new construction home, you can go with the baseline design, or you can invest in upgrades to customize your home. But the question is—which upgrades are actually worth the investment? A recent article from realtor.com outlined the most valuable builder upgrades buyers should consider for their new construction homes, including: Energy-efficient upgrades. Energy-efficient upgrades (like Energy Star windows or a smart thermostat) offer significant savings on ut
It doesn’t matter if it is a sellers’ market or one that is more in favor of buyers; if a house is desirable and priced appropriately, the chances are you’re going to find yourself in a bidding war. Makes sense, right? If you love the house, most likely other buyers in the market will as well.
So, not only do you have to act fast, but you need to pull out all the stops in order to get your offer accepted. But that doesn’t mean you want to offer more than you have to in ord
June is National Homeownership Month, and it is a great time to consider the benefits of owning your own home. Are you ready to experience all the great benefits that come from purchasing a home? Let’s connect to begin the process today. #dfwrealestate #realestate #dallasrealestate #dfwrealtor #northdallasrealtor #northdallasrealestate #dfwrealestateadvisor #dfw #dfwreadvisors
As people realize their needs are changing, some are turning to luxury housing to find their dream home. Investopedia helps define what pushes a home into this category. In a recent article, they point out that a luxury home isn’t only defined by its price. Location is also an important factor. It could be a condo at a desirable city address, a spacious home on the water, or one with access to luxury activities like arts and entertainment, high-end shopping and dining, and
There is a lot going on in the United States economy, and that can directly influence the housing market. So, what does the current economic climate in the US mean for the housing market in the coming months? A recent article from realtor.com outlined insights on the housing market from George Ratiu, senior economist and manager of economic research for realtor.com, including: Mortgage interest rates will probably keep going up. Ratiu predicts that as the Federal Reserve ti
Are you thinking about selling your current home? If so, the biggest question on your mind may be: if I sell now, where will I go? If this resonates with you, there is something you should know. The number of homes coming onto the market is increasing and that could make it easier for you to move up this summer. According to the latest data from realtor.com, the number of homes being listed for sale, known as new listings, has increased consistently this year (see graph bel
If your lifestyle has changed recently and you are ready to make a move, taking advantage of today’s sellers’ market might be just the answer for your summer plans.
With homes continuing to get multiple offers, this could be your moment to get the contract you are looking for on your house if you are ready to sell. And here is the thing – you need an expert on your side to ensure you make all the right moves when you do, especially when it comes to pricing your house. Even
If you have questions, let’s connect to discuss why today’s housing market is nothing like 2008. #dfwrealestate #realestate #dallasrealestate #dfwrealtor #northdallasrealtor #northdallasrealestate #dfwrealestateadvisor #dfw #dfwreadvisors
June is National Homeownership Month, and it is the perfect time to reflect on how impactful owning a home can truly be. When you purchase a house, it becomes more than just a space you occupy. It is your stake in the community, an investment, and a place you can put your stamp on. If you are thinking about buying a home this year, here are some of the benefits you will experience when you do. The Emotional Benefits of Homeownership Because it is a place that's uniquely you
In today’s housing market, many are beginning to wonder if we’re returning to the riskier lending habits and borrowing options that led to the housing crash 15 years ago. Let’s ease those concerns. Several times a year, the Mortgage Bankers Association (MBA) releases an index titled the Mortgage Credit Availability Index (MCAI). According to their website: “The MCAI provides the only standardized quantitative index that is solely focused on mortgage credit. The MCAI is . . .
If you are thinking of buying or selling a house, you are at an exciting decision point. And anytime you make a big decision like that, one thing you should always consider is timing. So, what does the rest of the year hold for the housing market? Here is what experts have to say. The Number of Homes Available for Sale Is Likely To Grow There are early signs housing inventory is starting to grow and experts say that should continue in the months ahead. According to Daniel
You may be someone who looks forward to summer each year because it gives you an opportunity to rest, unwind, and enjoy more quality time with your loved ones. Now that summer is just around the corner, it is worthwhile to start thinking about your plans and where you want to spend your vacations this year. Here are a few reasons a vacation home could be right for you. Why You May Want To Consider a Vacation Home Today Over the past two years, a lot has changed. You may be
Most homeowners consider adding solar panels for one (or a combination) of three reasons: They are environmentally conscious. They are looking to save money. They think it will add value to their home when they sell it. Very few people will argue against it being an earth-friendly decision to make if that is your motivation. And, theoretically, they should save you money on electricity. But you should do some serious math before signing on the bottom line. They may cost you
If you are thinking of buying or selling a home, chances are you are focusing on the many extraordinary ways it will change your life. But do you know it has a large impact on your community too? To measure that impact, the National Association of Realtors (NAR) releases a report each year to highlight just how much economic activity a home sale generates. The chart below shows how the sale of both a newly built home and an existing home impact the economy: As the visual sh
As mortgage rates started to rise this year, many homeowners began to wonder if the value of their homes would fall. Here is the good news. Historically, when mortgage rates rise by a percentage point or more, home values continue to appreciate. The latest data on home prices seems to confirm that trend. According to data from CoreLogic, home price appreciation has been re-accelerating since November. The graph below shows this increase in home price appreciation in green