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Are We Heading into a Balanced Market?
If you’ve been keeping an eye on the housing market over the past couple of years, you know sellers have had the upper hand. But is that going to shift now that inventory is growing? Here’s a breakdown of what you need to know.
What Is a Balanced Market?
A balanced market is generally defined as a market with about a five-to-seven-month supply of homes available for sale. In this type of market, neither buyers nor sellers have a clear advantage. Prices tend to stabilize, and there’s a healthier number of homes to choose from. And after many years when sellers had all the leverage, a more balanced market would be a welcome sight for people looking to move. The question is – is that really where the market is headed?
For now, this is still seller’s market territory – it’s just not as frenzied of a seller’s market as it’s been over the past few years.
What This Means...
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Are We Heading into a Balanced Market? If you’ve been keeping an eye on the housing market over the past couple of years, you know sellers have had the upper hand.
The luxury market is thriving. With more million-dollar homes than ever before and prices on the rise, this could be the perfect time to start your search for a high-end home.
DM me if you want to explore your options.
Homeownership is the best path to a secure future
How the Federal Reserve’s Next Move Could Impact 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.
Why a Federal Funds Rate Cut Matters
The Federal Funds Rate is one of the key factors that influences mortgage rates – things like the economy, geopolitical uncertainty, and more also have an impact.
When the Fed cuts the Federal Funds Rate, it signals what’s happening in the broader economy, and mortgage rates tend to respond.
As Mike Fratantoni, Chief Economist at the Mortgage Bankers Association (MBA), points out: “Once the Fed kicks off a rate-cutting cycle, we do expect that mortgage rates will move somewhat lower.”
And any upcoming Federal Funds Rate cut likely...
Homeownership is the best path to a secure future
How the Federal Reserve’s Next Move Could Impact the Housing Market Now that it’s September, all eyes are on the Federal Reserve (the Fed).
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Should You Sell Now? The Lifestyle Factors That Could Tip the Scale
Are you on the fence about whether to sell your house now or hold off? It’s a common dilemma, but here’s a key point to consider: your lifestyle might be the biggest factor in your decision. While financial aspects are important, sometimes the personal motivations for moving are reason enough to make the leap sooner rather than later.
An annual report from the National Association of Realtors (NAR) offers insight into why homeowners like you chose to sell. All of the top reasons are related to life changes.
If you, like the homeowners in this report, find yourself needing features, space, or amenities your current home just can’t provide, it may be time to consider talking to a real estate agent about selling your house. Your needs matter. That agent will walk you through your options and what you can expect from today’s market, so you...
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Should You Sell Now? The Lifestyle Factors That Could Tip the Scale Are you on the fence about whether to sell your house now or hold off?
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Should You Sell Now? The Lifestyle Factors That Could Tip the Scale
Are you on the fence about whether to sell your house now or hold off? It’s a common dilemma, but here’s a key point to consider: your lifestyle might be the biggest factor in your decision. While financial aspects are important, sometimes the personal motivations for moving are reason enough to make the leap sooner rather than later.
An annual report from the National Association of Realtors (NAR) offers insight into why homeowners like you chose to sell. All of the top reasons are related to life changes.
If you, like the homeowners in this report, find yourself needing features, space, or amenities your current home just can’t provide, it may be time to consider talking to a real estate agent about selling your house. Your needs matter. That agent will walk you through your options and what you can expect from today’s market, so you...
Message me for more info
Should You Sell Now? The Lifestyle Factors That Could Tip the Scale Are you on the fence about whether to sell your house now or hold off?
Trying to decide if you want to sell now or wait? Here’s a tip. Consider why you want to move.
Maybe you, like so many other homeowners, want to be closer to your loved ones, find that your house is too small, or you’ve recently had a big change in your life.
Whatever your reason, it may be motivation enough to sell. DM me if you’re ready to get started.
Homeownership is the best path to a secure future
Could a 55+ Community Be Right for You?
If you’re thinking about downsizing, you may be hearing about 55+ communities and wondering if they’d be a good fit for you. Here’s some information that could help you make your decision.
What Is a 55+ Community?
It’s important to note that these communities aren’t just for people who need extra support – they can be pretty vibrant, too. Many people who are downsizing opt for this type of home because they’re looking to be surrounded by people in a similar season of life. U.S. News explains: “The terms ‘55-plus community,’ ‘active adult community,’ ‘lifestyle communities’ and ‘planned communities’ refer to a setting that caters to the needs and preferences of adults over the age of 55. These communities are designed for seniors who are able to care for themselves but may be looking to downsize to a community with others their same age and with similar...
Homeownership is the best path to a secure future
Could a 55+ Community Be Right for You? If you’re thinking about downsizing, you may be hearing about 55+ communities and wondering if they’d be a good fit for you.
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Could a 55+ Community Be Right for You?
If you’re thinking about downsizing, you may be hearing about 55+ communities and wondering if they’d be a good fit for you. Here’s some information that could help you make your decision.
What Is a 55+ Community?
It’s important to note that these communities aren’t just for people who need extra support – they can be pretty vibrant, too. Many people who are downsizing opt for this type of home because they’re looking to be surrounded by people in a similar season of life. U.S. News explains: “The terms ‘55-plus community,’ ‘active adult community,’ ‘lifestyle communities’ and ‘planned communities’ refer to a setting that caters to the needs and preferences of adults over the age of 55. These communities are designed for seniors who are able to care for themselves but may be looking to downsize to a community with others their same age and with similar...
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Could a 55+ Community Be Right for You? If you’re thinking about downsizing, you may be hearing about 55+ communities and wondering if they’d be a good fit for you.
Take a look at this
How To Avoid These Top Seller Mistakes
Want to avoid making some of the top seller mistakes? The key is working with a real estate agent so you don’t overprice your house or skip necessary repairs. Let’s connect so you can avoid making these costly mistakes.
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How To Avoid These Top Seller Mistakes
Want to avoid making some of the top seller mistakes? The key is working with a real estate agent so you don’t overprice your house or skip necessary repairs. Let’s connect so you can avoid making these costly mistakes.
Homeownership is the best path to a secure future
info for your Coffee break
How To Avoid These Top Seller Mistakes
Want to avoid making some of the top seller mistakes? The key is working with a real estate agent so you don’t overprice your house or skip necessary repairs. Let’s connect so you can avoid making these costly mistakes.
Feedback is valued
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How Growing Inventory Benefits Today's Buyers
While the number of homes for sale varies by local area, nationally we’re up over 36% year-over-year, but still down almost 29% compared to what’s normal. Here’s what that means when you buy: more options for your search, more negotiation power for you, it’s more likely sellers will make select repairs, and more moderate price growth. If you want to talk more about what rising inventory means for you, let’s connect.
Message me for more info
How Growing Inventory Benefits Today's Buyers While the number of homes for sale varies by local area, nationally we’re up over 36% year-over-year, but still down almost 29% compared to what’s normal.
Are We Heading into a Balanced Market?
If you’ve been keeping an eye on the housing market over the past couple of years, you know sellers have had the upper hand. But is that going to shift now that inventory is growing? Here’s a breakdown of what you need to know.
What Is a Balanced Market?
A balanced market is generally defined as a market with about a five-to-seven-month supply of homes available for sale. In this type of market, neither buyers nor sellers have a clear advantage. Prices tend to stabilize, and there’s a healthier number of homes to choose from. And after many years when sellers had all the leverage, a more balanced market would be a welcome sight for people looking to move. The question is – is that really where the market is headed?
For now, this is still seller’s market territory – it’s just not as frenzied of a seller’s market as it’s been over the past few years.
What This...
Homeownership is the best path to a secure future
Are We Heading into a Balanced Market? If you’ve been keeping an eye on the housing market over the past couple of years, you know sellers have had the upper hand.
Mortgage rates are declining. And that may make you wonder if it’s time to jump back into the market.
While they’re not going back to pandemic lows, experts say rates could continue to drop as long as inflation eases.
So, what number do you want to see rates hit before you’re ready to move? Drop it in a comment below. And I’ll be the first to let you know when we get there.
Homeownership is the best path to a secure future
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2025 Housing Market Forecasts: What To Expect
Looking ahead to 2025, it's important to know what experts are projecting for the housing market.
Mortgage Rates Are Projected To Come Down Slightly
Mortgage rates play a significant role in the housing market. The forecasts for 2025 from Fannie Mae, the Mortgage Bankers Association (MBA), the National Association of Realtors (NAR), and Wells Fargo show an expected gradual decline in mortgage rates over the course of the next year.
And many experts believe these signs will encourage the Federal Reserve to lower the Federal Funds Rate, which tends to lead to lower mortgage rates.
Expect More Homes To Sell
The market will see an increase in both the supply of available homes on the market, as well as a rise in demand, as more buyers and sellers who have been sitting on the sidelines because of higher rates choose to make a move. That’s one big reason why...
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2025 Housing Market Forecasts: What To Expect Looking ahead to 2025, it's important to know what experts are projecting for the housing market.
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What's the Impact of Presidential Elections on the Housing Market?
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 a good time to make your move.
Home Sales
In the month leading up to a Presidential election, from October to November, there’s typically a slight slowdown in home sales.
Some consumers will simply wait it out before they make their purchase decision. However, it’s important to know this slowdown is small and temporary.
Historically, home sales bounce right back and continue to rise the following year.
Home Prices
You may also be wondering about home prices. Do prices come down during election years? Not typically.
Home prices generally rise over time, regardless of an election cycle. So, based on what history shows, you can expect the current pricing trend in your local...
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What's the Impact of Presidential Elections on the Housing Market? It’s no surprise that the upcoming Presidential election might have you speculating about what’s ahead.
Wondering if the election is going to have an impact on the housing market? Here’s your answer. Usually, it only has a small and temporary effect.
Sales usually slowdown briefly, but rebound fast.
Prices tend to stay on their current trajectory for your market.
And mortgage rates often trend down in the months leading up to the election.
DM me if you want to learn more.
Homeownership is the best path to a secure future
What Mortgage Rate Are You Waiting 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.
Expert Projections for Mortgage Rates
Experts say the overall downward trend should continue as long as inflation and the economy keeps cooling. But as new reports come out on those key indicators, there’s going to be some volatility here and there.
What you need to remember is it’s not wise to let those blips distract you from the larger trend. Rates are still down roughly a full percentage point from the recent peak compared to May.
Know Your Number for Mortgage Rates
So, what does this mean for you and your plans to move? If you’ve been holding out and waiting for rates to come down, know that it’s already happening. You just have to...
Homeownership is the best path to a secure future
What Mortgage Rate Are You Waiting 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.
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Today’s Biggest Housing Market Myths
Have you ever heard the phrase: don’t believe everything you hear? 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.
1. I’ll Get a Better Deal Once Prices Crash
If you’ve heard home prices are going to come crashing down, it’s time to look at what’s actually happening. While prices vary by local market, there’s a lot of data out there from numerous sources that shows a crash is not going to happen. So, if you think waiting will score you a deal, know that data shows there’s not a crash on the horizon, and waiting isn’t going to pay off the way you’d hoped.
2. I Won’t Be Able To Find Anything To Buy
If this nagging fear about finding the right home if you move is still holding you back, you probably haven’t talked with an expert real estate agent lately. Throughout...
Feedback is valued
Today’s Biggest Housing Market Myths Have you ever heard the phrase: don’t believe everything you hear?
Take a look at this
How Growing Inventory Benefits Today's Buyers
Inventory is growing and that means more options for your search, more negotiation power for you, it’s more likely sellers will make select repairs, and more moderate price growth. If you want to talk more about rising inventory means for you, let’s connect.
Message me for more info
How Growing Inventory Benefits Today's Buyers
While the number of homes for sale varies by local area, nationally we’re up over 36% year-over-year, but still down almost 29% compared to what’s normal. Here’s what that means when you buy: more options for your search, more negotiation power for you, it’s more likely sellers will make select repairs, and more moderate price growth. If you want to talk more about what rising inventory means for you, let’s connect.
Homeownership is the best path to a secure future
How Growing Inventory Benefits Today's Buyers While the number of homes for sale varies by local area, nationally we’re up over 36% year-over-year, but still down almost 29% compared to what’s normal.
info for your Coffee break
How Growing Inventory Benefits Today's Buyers
Inventory is growing and that means more options for your search, more negotiation power for you, it’s more likely sellers will make select repairs, and more moderate price growth. If you want to talk more about rising inventory means for you, let’s connect.
Feedback is valued
Take a look at this
Today’s Biggest Housing Market Myths
Have you ever heard the phrase: don’t believe everything you hear? 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.
1. I’ll Get a Better Deal Once Prices Crash
If you’ve heard home prices are going to come crashing down, it’s time to look at what’s actually happening. While prices vary by local market, there’s a lot of data out there from numerous sources that shows a crash is not going to happen. So, if you think waiting will score you a deal, know that data shows there’s not a crash on the horizon, and waiting isn’t going to pay off the way you’d hoped.
2. I Won’t Be Able To Find Anything To Buy
If this nagging fear about finding the right home if you move is still holding you back, you probably haven’t talked with an expert real estate agent lately. Throughout...
Message me for more info
Today’s Biggest Housing Market Myths Have you ever heard the phrase: don’t believe everything you hear?
There’s some misinformation out there and it’s time to set the record straight.
If you think home prices are going to crash, you should know the national data doesn’t support that theory. There just aren’t enough homes on the market today.
What else have you heard about the housing market that you’re worried about? Drop a comment below and let’s have a conversation.
Homeownership is the best path to a secure future
Not all agents are the same. When you’re making a move, you want to be sure you have a great agent by your side.
Here are a few tips on what to look for. You want someone with a strong reputation, in-depth knowledge of the local and national market, and good communication skills and availability.
I’d love to have a conversation to see if we’d be a good fit to work together.
Homeownership is the best path to a secure future
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The Number One Mistake Sellers Are Making: Overpricing Their House
In today's housing market, many sellers are making a critical mistake: overpricing their houses. This common error can lead to a home sitting on the market for a long time without any offers. And when that happens, the homeowner may have to drop their asking price to try to re-ignite buyer interest.
If you’re thinking about making a move yourself, here’s what you need to know. The best way to avoid making a costly mistake is to work with a trusted real estate agent to find the right price. Here’s a look at what’s at stake if you don’t.
Not Paying Attention To Current Market Conditions
Understanding current market conditions is key to accurate pricing.
Real estate agents stay updated on market trends and how they impact the pricing strategy for your house.
Pricing It Based on What You Want To Make (Not What It’s Worth)
Another...
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The Number One Mistake Sellers Are Making: Overpricing Their House In today's housing market, many sellers are making a critical mistake: overpricing their houses.
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How To Choose a Great Local Real Estate Agent
Selecting the right real estate agent can make a world of difference when buying or selling a home. But how do you find the best one? Here are some tips to help you make that big decision as you determine your partner in the process.
Check Their Reputation
Start by gathering information about agents in your area. From there, try to narrow down the list. Ask the people you trust if they have someone they’d recommend. You’ll want to find an agent with a strong online presence, plenty of positive reviews, and someone whose great reputation truly precedes them.
Look for Local Market Expertise
A great agent should have in-depth knowledge of what’s happening at the national and local level. That way they can clear up any misconceptions sparked by what you’re reading or hearing in the news.
Get a Feel for Their Communication Style and Availability
Effective...
Message me for more info
How To Choose a Great Local Real Estate Agent Selecting the right real estate agent can make a world of difference when buying or selling a home.
How To Choose a Great Local Real Estate Agent
Selecting the right real estate agent can make a world of difference when buying or selling a home. But how do you find the best one? Here are some tips to help you make that big decision as you determine your partner in the process.
Check Their Reputation
Start by gathering information about agents in your area. From there, try to narrow down the list. Ask the people you trust if they have someone they’d recommend. You’ll want to find an agent with a strong online presence, plenty of positive reviews, and someone whose great reputation truly precedes them.
Look for Local Market Expertise
A great agent should have in-depth knowledge of what’s happening at the national and local level. That way they can clear up any misconceptions sparked by what you’re reading or hearing in the news.
Get a Feel for Their Communication Style and Availability
Effective...
Homeownership is the best path to a secure future
How To Choose a Great Local Real Estate Agent Selecting the right real estate agent can make a world of difference when buying or selling a home.
Did you know? You don’t always need a perfect credit score to buy a home.
Loan types and qualifications vary, so you may be closer to owning a home than you think.
If you want to explore options that might work for you, reach out to a trusted lender.
Homeownership is the best path to a secure future
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3 Reasons To Move in Today’s Shifting Market
The housing market is in a transition. And that gives you 3 key opportunities going into the fall. There are more homes actively for sale. Builders are motivated to sell, so a newly built home may be more achievable than you think. And mortgage rates have come down from their recent peak. If you’re ready and able to buy, you may find the housing market this fall a bit easier to navigate. Let’s connect to get started.
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3 Reasons To Move in Today’s Shifting Market The housing market is in a transition. And that gives you 3 key opportunities going into the fall.
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At RealtyRush, we strive to be your preferred source for real estate services whether you are selling, buying, leasing, or just educating yourself. Let us work with you to ensure ...
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Team Real Pros is run by some of the most experienced real estate professionals with the sole intention of helping not selling. We recognize every seller deserves the BEST service ...
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• Over 1,400+ Transactions • $500 Million+ in Sales • 17+ Years in Business