The "Riel Deal in Real Estate!"

Terry's tip of the day!

Want to know some of the top mistakes sellers are making today and how to make sure they don’t happen to you too? The biggest missteps are pricing a house too high, skipping repairs, not being objective, and not being willing to negotiate. And the best way to avoid falling into any of these traps is to partner with a trusted real estate agent who knows exactly what to do. Let’s connect so you have someone to lean on for advice.



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How To Avoid Today's Top Seller Mistakes Want to know some of the top mistakes sellers are making today and how to make sure they don’t happen to you too?

Mortgage rates tumbled in August after a weaker jobs report spooked investors.

30-Year Mortgage Rate Falls Again, Now at 6.35% Further declines could encourage more activity from buyers and sellers.

Terry's tip of the day!

As inventory grows, the market is starting to balance out a bit. But don’t worry – this isn’t close to an oversupply that would cause a crash.
It just means buyers are regaining negotiation power as their options grow. And sellers need to price their house right and may want to consider some repairs to help it stand out.
Let’s connect to talk more about how this impacts you.



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Terry's tip of the day!

Here’s an early 2025 housing market forecast.

Experts project mortgage rates will come down slightly, which should lead more buyers and sellers to move. And that’ll create a moderate increase in sales as activity ticks up. It’ll also likely push prices up a little bit nationwide, though price changes will vary by location.

DM me if you want to start planning for your move.



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Terry's tip of the day!

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...



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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.

Terry's tip of the day!

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.



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Terry's tip of the day!

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.

Terry's tip of the day!

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.



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Terry's tip of the day!

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...



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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.

Terry's tip of the day!

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.



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Terry's tip of the day!

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.



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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.

Price Improvement only $385k PLUS Seller will contribute 5k towards buyers closing costs/prepaids with acceptable offer. Plus Welcome to this charming Cape-style home built in 2008 in Barnstead! Nestled on a spacious 0.90-acre lot, this property is on a serene & quiet dead-end road. The 1st floor features an open-concept design that seamlessly integrates the living, dining, and kitchen area, creating a spacious & airy environment perfect for entertaining or relaxing w/ family. A 1st floor convenient laundry area is located in the three-quarter bath, adding to the home's functionality. The 1st floor also includes a guest room with its own half bath, offering comfort & privacy for visitors. Upstairs, you'll find the expansive primary suite, designed as a private retreat. This suite includes a well-appointed bathroom & a generous walk-in closet, providing ample space for storage & relaxation. Walk to the lake!

The "Riel Deal in Real Estate!" Local Realtor serving the Greater Concord NH Area for over 19 years!

Terry's tip of the day!

Did you know? The supply of homes for sale has grown significantly this year.
Here’s what that growth means:
More options for your move
More negotiation power for you
More likely sellers will make some repairs
More moderate price growth
DM me if you want to talk more about how this benefits you when you buy a home.



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Terry's tip of the day!

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...



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Today’s Biggest Housing Market Myths Have you ever heard the phrase: don’t believe everything you hear?

Gemini is a powerful AI tool that Google is leveraging in different ways.

Gemini vs. Assistant: Google's AI Battle for Your Smart Home Google Assistant's smart home prowess is not what it used to be and Gemini is starting to creep in, but I'm not convinced there's a clear path for both.

Terry's tip of the day!

Want to know the top mistakes sellers are making today? It’s overpricing their house.

A price that’s too high is going to cost you. It turns buyers away and may mean you need a price drop to re-ignite interest in the home.

To make sure you don’t end up making this mistake, DM me, and let’s price it right from the start.



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It's easy to get swept up in the excitement of a new DIY home project and rush the process.

6 Expert Tips to Deal With 'FOMU' (Fear Of Messing Up) While Tackling a DIY Project Home renovation experts give tips on how to save money and overcome the fear of making mistakes during DIY projects.

Terry's tip of the day!

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.

PRICE IMPROVEMENT! Welcome to this charming Cape-style home built in 2008 in Barnstead NH! Nestled on a spacious 0.90-acre lot, this property is on a serene & quiet dead-end road. The 1st floor features an open-concept design that seamlessly integrates the living, dining, and kitchen area, creating a spacious & airy environment perfect for entertaining or relaxing w/ family. A 1st floor convenient laundry area is located in the three-quarter bath, adding to the home's functionality! Basement is partially finished with walk out and generator ready! Great Price improvement! 🤑 Great location with walking distance to lake! Enjoy relaxing on your screened in porch that's very private.

Terry's tip of the day!

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.



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Modular housing brands have pushed to offer affordable and sustainable solutions.

This Tiny Home Costs Less than $20K Discover The Sedona, a 320 sq. ft. modular home. It’s affordable, energy-efficient, customizable, and perfect for modern, sustainable living.

Terry's tip of the day!

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...



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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.

Terry's tip of the day!

If you’re thinking about buying or selling a home, you’ve probably got mortgage rates on your mind. That’s because you’ve likely heard that mortgage rates impact how much you can afford in your monthly mortgage payment, and you want to factor that into your planning. Here’s what you need to know.

What’s Happening with Mortgage Rates?

Mortgage rates have been trending down recently. While that’s good news for your homebuying plans, it’s important to know that rates can be unpredictable because they’re affected by many factors.

Things like the economy, job market, inflation, and decisions made by the Federal Reserve all play a part. So, even as rates go down, they can still bounce around a bit based on new economic data. As Odeta Kushi, Deputy Chief Economist at First American, says: “The ongoing deceleration in inflation, coupled with...



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How Mortgage Rate Changes Impact Your Homebuying Power If you’re thinking about buying or selling a home, you’ve probably got mortgage rates on your mind.

While the basics of selling a home usually stay the same, the seasons can make a massive difference!

Realtors reveal 6 things you need to know about successfully selling your home in fall Our pros help you understand the fall housing market better to increase your chances of a speedy sale

Terry's tip of the day!

Thinking about buying a home? It’s important to know how mortgage rates can affect your monthly payment. Because even a slight change in rates can have a big impact.

Overall, rates have been trending down lately. So, this could be your chance to make your move a reality. Send me a message today if you want to talk about starting your search.



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Investor purchases of U.S. homes rose 3.4% year over year in the second quarter!

Real Estate Investors Returning To Buying Ways As the housing market continues to soften, with mortgage rates easing, price cuts common, and for-sale inventory on the rise, real estate investors are slowly — but surely — returning to their buying ways.

Terry's tip of the day!

When you're thinking about buying a home, your credit score is one of the biggest pieces of the puzzle. Think of it like your financial report card that lenders look at when trying to figure out if you qualify, and which home loan will work best for you. As the Mortgage Report says:

"Good credit scores communicate to lenders that you have a track record for properly managing your debts. For this reason, the higher your score, the better your chances of qualifying for a mortgage."

The trouble is most buyers overestimate the minimum credit score they need to buy a home. According to a report from Fannie Mae, only 32% of consumers have a good idea of what lenders require. That means nearly 2 out of every 3 people don’t.

So, here’s a general ballpark to give you a rough idea. Experian says:

“The minimum credit score needed to buy a house can range from...



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What Credit Score Do You Really Need To Buy a House? When you're thinking about buying a home, your credit score is one of the biggest pieces of the puzzle.

Terry's tip of the day!

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.