Urban Homes & Condos
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The housing market has been going through shifts lately. That’s why it’s so important to work with an industry professional who can be your guide throughout the process.
A real estate expert uses their knowledge of what’s really happening with home prices, housing supply, expert projections, and more to give you the best advice. Someone who can provide clarity like that is critical right now.
Unfortunately, when information in the media isn’t clear, it can generate a lot of fear and uncertainty in the market. As Jason Lewris, Co-Founder and Chief Data Officer at Parcl, says:
“In the absence of trustworthy, up-to-date information, real estate decisions are increasingly being driven by fear, uncertainty, and doubt.”
But it doesn’t have to be that way. Buying a home is a big decision, and it should be one you feel confident making...
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An Expert Gives You Clarity in Today’s Housing Market The housing market has been going through shifts lately.
One of the benefits of being a homeowner is that you build equity over time. By selling your house, that equity can be used toward purchasing your next home.
Bankrate explains it like this:
“Home equity is the portion of your home you’ve paid off – in other words, your stake in the property as opposed to the lender’s. In practical terms, home equity is the appraised value of your home minus any outstanding mortgage and loan balances.”
>>Majority of Americans Have a Large Amount of Equity
If you’ve owned your home for a while, you’ve likely built up some equity – and you may not even realize how much. Based on data from the U.S. Census Bureau and ATTOM, the majority of Americans have a substantial amount of equity right now.
And having such large amounts of equity is a benefit to homeowners in more ways than one. “Record levels of...
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Leverage Your Equity When You Sell Your House One of the benefits of being a homeowner is that you build equity over time.
Owning a home is a major way to build wealth. That’s why housing makes up a critical piece of someone’s net worth. DM me to talk about the value of investing in homeownership today.
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A lot has changed over the past year, and you might be wondering what’s in store for the spring housing market. If you’re planning to sell your house this season, here’s what real estate experts are saying you should keep in mind.
>> 1. Houses That Are Priced Right Are Still Selling
Houses that are updated and priced at their current market value are still selling. Jeff Tucker, Senior Economist at Zillow, says:
“. . . sellers who price and market their home competitively shouldn’t have a problem finding a buyer.”
The need to price your house right is so important today because the market has changed so much over the past year. Danielle Hale, Chief Economist at realtor.com, explains:
“With a smaller pool of buyers today and more competition from other homes on the market, homesellers will likely need to adjust their price expectations in the...
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2 Things Sellers Need To Know This Spring A lot has changed over the past year, and you might be wondering what’s in store for the spring housing market.
How you price your house will make a big difference to not only your bottom line, but to how quickly it could sell. Let’s connect to figure out the ideal price for your house.
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There are plenty of great reasons to own a home. A major one is that it allows you to accumulate wealth. As the largest asset for most homeowners, housing is a major factor in building your net worth. Let’s chat about your homeownership goals today.
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In today’s market, the way you price and market your house makes all the difference when you sell. DM me today to get expert advice on selling your house this spring.
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Today’s homeowners are sitting on significant equity, even as home price appreciation has eased recently. If you’re a homeowner, your net worth got a boost over the past few years thanks to rising home prices. Here’s what it means for you, even as the market moderates.
>>How Equity Has Grown in Recent Years
Because of the imbalance between how many homes were for sale and the number of homebuyers in the market over the past few years, home prices appreciated substantially.
And while price appreciation has slowed this year, that doesn’t mean you’ve lost all the equity in your home. In fact, the latest Homeowner Equity Insights report from CoreLogic finds the average homeowner’s equity has grown by $34,300 over the past year alone.
And if you’ve been in your home longer than that, chances are you have even more equity than you...
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Equity Gains for Today’s Homeowners Today’s homeowners are sitting on significant equity, even as home price appreciation has eased recently. If you’re a homeowner, your net worth got a boost over the past few years thanks to rising home prices. Here’s what it means for you, even as the market moderates.
If you’re thinking of selling your house, it’s important to work with someone who understands how the market is changing and what it means for you.
>>1. They’re Experts on Market Trends
An expert real estate advisor knows about national trends and your local area too. More importantly, they’ll give insight to what all of this means for you, so they’ll be able to help you make a decision based on trustworthy, data-bound information.
>>2. A Local Professional Knows How To Set the Right Price for Your Home
Real estate professionals look at a variety of factors, like the condition of your home and any upgrades you’ve made, with an unbiased eye. They compare your house to recently sold homes in your area to find the best price for today’s market so your house sells quickly.
>>3. A Real Estate Advisor Helps Maximize Your Pool of Buyers
Real...
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An Expert Makes All the Difference When You Sell Your House If you’re thinking of selling your house, it’s important to work with someone who understands how the market is changing and what it means for you. Here are five reasons working with a professional can ensure you’ll get the most out of your sale.
One of the many reasons to buy a home is that it’s a major way to build wealth and gain financial stability. According to Freddie Mac:
“Building equity through your monthly principal payments and appreciation is a critical part of homeownership that can help you create financial stability.”
With spring approaching, now’s a great time to consider if buying a home makes sense for you. The best way to figure that out is to talk with a trusted real estate professional.
>>The Largest Part of Most Homeowners’ Net Worth Is Their Equity
You may be surprised to learn just how much of a homeowner’s net worth actually comes from owning their home. Scholastica Gay Cororaton, Research Economist at the National Association of Realtors (NAR), shares:
“Homeownership is the largest source of wealth among families, with the median value of a primary residence...
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One Major Benefit of Investing in a Home One of the many reasons to buy a home is that it’s a major way to build wealth and gain financial stability. According to Freddie Mac:
After steadily falling over the winter, mortgage rates have started to rise in recent weeks. This is concerning to some potential homebuyers as the combination of higher mortgage rates and higher prices have made homes less affordable. If you’re planning to purchase a home this year, you too may be wondering if now’s the right time to buy or if you should hold off on your search until rates come back down.
The recent uptick in rates has been driven by what’s happening with inflation. Joel Kan, Vice President and Deputy Chief Economist at the Mortgage Bankers Association (MBA), explains:
“Mortgage rates increased across the board last week, pushed higher by market expectations that inflation will persist, thus requiring the Federal Reserve to keep monetary policy restrictive for a longer time.”
>>Advice for Home Shoppers
If you’re thinking about...
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What You Should Know About Rising Mortgage Rates After steadily falling over the winter, mortgage rates have started to rise in recent weeks. This is concerning to some potential homebuyers as the combination of higher mortgage rates and higher prices have made homes less affordable. So, if you’re planning to purchase a home this year, you too m...
A homeowner’s net worth is 40X greater than that of a renter. You’re missing out on that wealth generation when you’re stuck renting. DM me today if you’re ready to build wealth through homeownership.
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Homeowners have a significant amount of equity. Let’s connect so you can learn how much equity you have and how it can help you achieve your goals.
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There are far fewer homes for sale today than there were during the 2008 housing crash. That means there isn’t the same oversupply right now that once fueled a crash in prices. DM me for more expert insights and data that show why today’s market is so different from last time.
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In today’s market, homes that are priced right and in good condition are still selling quickly. If you’re thinking about selling your house this spring, now’s the time to get it ready and make sure it will appeal to today’s buyers. DM me so we can figure out what needs to be done to ensure your house sells fast.
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The biggest challenge the housing market’s facing is how few homes there are for sale.
Let’s break down these two big issues in today’s housing market.
>>Rate-Locked Homeowners
Today, the typical mortgage rate offered to buyers is over 6%. As a result, many homeowners are opting to stay put instead of moving to another home with a higher borrowing cost. This is a situation known as being rate locked.
When so many homeowners are rate locked and reluctant to sell, it’s a challenge for a housing market that needs more inventory. However, experts project mortgage rates will gradually fall this year, and that could mean more people will be willing to move as that happens.
>>The Fear of Not Finding Something To Buy
The other factor holding back potential sellers is the fear of not finding another home to buy if they move. Worrying about where they’ll go...
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The Two Big Issues the Housing Market’s Facing Right Now The biggest challenge the housing market’s facing is how few homes there are for sale. Mark Fleming, Chief Economist at First American, explains the root causes of today’s low supply:
Getting pre-approved is an important first step towards buying a home. Let’s connect so you have the right tools to buy a home in today’s market.
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If you’re thinking about selling your house, this is a great time to do so. The current number of homes for sale is still far below pre-pandemic numbers—and there aren’t enough houses on the market to satisfy buyer demand. If you’ve thought about selling, let’s chat today.
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If you’re thinking about buying a home, it makes sense to consider all your options, and that includes a home that’s newly built.
>>The Number of Newly Built Homes Is on the Rise
There's still a historically low number of homes available on the market. One reason for that is years of underbuilding—meaning there haven’t been enough new homes built to keep up with demand.
As Mark Fleming, Chief Economist at First American, shares:
“While existing-home inventory remains limited, the silver lining for home buyers is that new-home inventory is on the rise, and a new home at the right price is a pretty good substitute.”
>>Builder Incentives Can Provide a Boost
While there a growing number of new homes for sale, builders are slowing that pace until they sell more of their current inventory. And many builders are now offering incentives to help buyers...
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Should You Consider Buying a Newly Built Home? If you’re thinking about buying a home, you might be focusing on previously owned ones. But with so few houses for sale today, it makes sense to consider all your options, and that includes a home that’s newly built.
Many people believe you need 20% of the purchase price for a down payment. However, data shows that’s not always the case. The average homebuyer actually puts down much less than that. DM me today because you might be closer to your savings goal than you realize.
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In today’s housing market, you can still be the champion if you have the right team and strategy. To win as a buyer, you need to build your team, make strategic plays, consider what’s in and out of bounds, and stand out from the crowd. DM me to make your game-winning play.
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How To Win as a Buyer in Today’s Housing Market [INFOGRAPHIC] Some Highlights In today’s housing market, you can still be the champion if you have the right team and strategy. To win as a buyer, you need to build your team, make strategic plays, consider what’s in and out of bounds, and stand out from the crowd.
Before you buy a home, it’s important to plan ahead. While most buyers consider how much they need to save for a down payment, many are surprised by the closing costs they have to pay. To ensure you aren’t caught off guard when it’s time to close on your home, you need to understand what closing costs are and how much you should budget for.
>>What Are Closing Costs?
People are sometimes surprised by closing costs because they don’t know what they are. According to Bankrate:
“Closing costs are the fees and expenses you must pay before becoming the legal owner of a house, condo or townhome . . . Closing costs vary depending on the purchase price of the home and how it’s being financed . . .”
In other words, your closing costs are a collection of fees and payments involved with your transaction. According to Freddie Mac, while they can vary...
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What You Should Know About Closing Costs Before you buy a home, it’s important to plan ahead. While most buyers consider how much they need to save for a down payment, many are surprised by the closing costs they have to pay. To ensure you aren’t caught off guard when it’s time to close on your home, you need to understand what closi...
While still showing some volatility, today’s mortgage rates are trending lower than 2022’s peak. If high rates last year made you pause your plans to buy a home, this spring could be your chance. DM me so we can talk more about if now’s the right time for you.
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After a year of major shifts in the housing market, experts say things are finally at a turning point. If you’re thinking about making a move this year, DM me to learn how changes in our local market could be exactly what you’ve been waiting for.
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The biggest challenge in the housing market right now, and likely for years to come, is how few homes there are for sale compared to the number of people who want to buy. That’s why, if you’re thinking about selling your house, this is a great time to do so. Your house would be welcome in a market that has fewer homes for sale than it did in the years leading up to the pandemic.
According to the latest Monthly Housing Market Trends Report from realtor.com:
“There were 65.5% more homes for sale in January compared to the same time in 2022. This means that there were 248,000 more homes available to buy this past month compared to one year ago. While the number of homes for sale is increasing, it is still 43.2% lower than it was before the pandemic in 2017 to 2019. This means that there are still fewer homes available to buy on a typical day than...
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Number of Homes for Sale Up from Last Year, but Below Pre-Pandemic Years The biggest challenge in the housing market right now, and likely for years to come, is how few homes there are for sale compared to the number of people who want to buy. That’s why, if you’re thinking about selling your house, this is a great time to do so. Your house would be welcome in a mark...
Did you know that, on average, home prices appreciated by 288.7% nationwide over the last 32 years? That means homeowners grew their net worth significantly in the long run. DM me so you can start your journey toward homeownership today.
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Mortgage rates peaked at over 7% a few months ago and have been gradually coming down since. As that shift opens the door to homeownership for more people, it’s important to understand what a lower rate means for you and your bottom line. DM me today so we can talk about your goals.
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You may be thinking about using your current house as a short-term rental property instead of selling it. A short-term rental (STR) is typically offered as an alternative to a hotel, and they’re an investment that’s gained popularity in recent years. According to a Harris Poll survey, 28% of homeowners have considered using a rental service to temporarily rent out their home for additional income.
Owning a short-term rental can be a tempting idea, but you may find the reality of being responsible for one difficult to take on. Here are some of the challenges you could face if you rent out your house instead of selling it.
>>A Short-Term Rental Comes with Responsibilities
Successfully owning and renting a house takes work. Think through your ability to make that commitment, especially if you plan to use a platform that advertises your rental listing. Most of...
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Should You Rent Your House or Sell It? If you’re a homeowner ready to make a move, you may be thinking about using your current house as a short-term rental property instead of selling it. A short-term rental (STR) is typically offered as an alternative to a hotel, and they’re an investment that’s gained popularity in recent years....
You may have heard home price growth has slowed down, but it’s important to have perspective. While it’s true the rate of price appreciation has been slowing, it’s still significantly higher than the historical norm. DM me today so we can talk about what current home price trends could mean for your next move.
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Wondering if it’s the right time for you to make a move? Experts forecast buyers should see mortgage rates gradually stabilize over the course of the year. If higher rates in 2022 caused you to put off your housing search, let’s discuss why 2023 could be your year to buy a home.
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