Nicholas Pangallo, Wardley Real Estate

Housing Market Forecast for the 2nd Half of 2024 [INFOGRAPHIC]

Wondering what the second half of the year holds for the housing market? Here’s what expert forecasts say. Home prices are expected to climb moderately. Mortgage rates are forecast to come down slightly. And, home sales are projected to hold steady. If you have questions about what to expect for the rest of the year, DM me so we can have a conversation about what it means for you and your plans.

Housing Market Forecast for the 2nd Half of 2024 [INFOGRAPHIC] Wondering what the second half of the year holds for the housing market? Here’s what expert forecasts say. 

Buying a Home Near Retirement
Buying a house can be rewarding at any time of life, including just before retirement.
It's never too early or too late to buy a home. Having your own home offers great peace of mind during retirement.
Still, it's important to do research and come up with a home-buying strategy that makes sense for...

Buying a Home Near Retirement Buying a house can be rewarding at any time of life, including just before retirement. It's never too early or too late to buy a home. Having your own home offers great peace of mind during retirement. Still, it's important to do research and come up with a home-buying strategy that makes...

I want to thank my clients Ed & B**g. They often ask me why I do what I do, and here you go! I love helping people find the perfect home that meets their needs.

Wondering what will happen with the housing market in the second half of the year?

According to the experts, home prices are set to climb moderately, mortgage rates might dip a little, and home sales are expected to stay steady.

Have questions about what this means for you? Let's chat about your plans.

9 Ways to Squirrel-Proof Your Bird Feeder
Squirrels are cute, curious little creatures, but they can dominate your bird feeders and nibble their way through all the food. To make the situation more annoying, they can even chew on your feeder and destroy it.
If you'd like to feed birds without interference from squirrels, try the following tips...

9 Ways to Squirrel-Proof Your Bird Feeder Squirrels are cute, curious little creatures, but they can dominate your bird feeders and nibble their way through all the food. To make the situation more annoying, they can even chew on your feeder and destroy it. If you'd like to feed birds without interference from squirrels, try the...

The Difference Between an Inspection and an Appraisal

When you decide to buy your first home, you may come across a number of terms and conditions you’re not familiar with. While you may have a general idea of what an inspection is, maybe you’re not sure why you need one or how it’s different from an appraisal. To keep it simple, here’s an explainer of each one and what they mean for you as a homebuyer.

Home Inspection

Once you’re under contract on a home you’d like to buy, getting an inspection is a key part of the process. An inspection gives you a clear idea of the safety and overall condition of the home – which is important for such a big transaction.

And don’t worry – you don’t have to go through that process alone. Your real estate agent will be your advocate and negotiate with the seller for you.

Home Appraisal

While the inspection tells you...

The Difference Between an Inspection and an Appraisal When you decide to buy your first home, you may come across a number of terms and conditions you’re not familiar with.

🏡🎉 **SOLD!** 🎉🏡

Congratulations to my amazing clients on finding their perfect second home! 🥂🔑 It was an honor to guide you through this journey. We faced multiple offers, but with strategic planning, we made it happen! 💪✨

It’s always great helping veterans for what they did for us. 🇺🇸 Your dedication and service inspire us all.

A big thank you to the title company, lender, listing agent, and sellers for their teamwork and dedication. Your support was invaluable in closing this deal! 🤝📄

Here’s to new beginnings and cherished memories in your beautiful new home! 🏠❤️ If you’re ready to find your dream home, let’s connect today! 📲 702.612.0131

Should you buy now or wait? Consider this.
If you bought a $400,000 home at the start of this year, you’d be set up to gain roughly $83,000 in equity over the next 5 years based on expert forecasts.
So, if you’re ready and able to buy today, remember to factor in the equity that’s at stake as you make your decision.
This is why time in the market is better than timing the market.

Housing Market Forecast: What’s Ahead for the 2nd Half of 2024

As we move into the second half of 2024, here’s what experts say you should expect for home prices, mortgage rates, and home sales.

Home Prices Are Expected To Climb Moderately

Home prices are forecasted to rise at a more normal pace. The graph below shows the latest forecasts from seven of the most trusted sources in the industry:

The reason for continued appreciation? The supply of homes for sale.

While inventory is up compared to the last couple of years, it’s still low overall. And because there still aren’t enough homes to go around, that’ll keep upward pressure on prices.

If you’re thinking of buying, the good news is you won’t have to deal with prices skyrocketing like they did during the pandemic. Just remember, prices aren’t expected to drop. They’ll continue climbing, just at...

Housing Market Forecast: What’s Ahead for the 2nd Half of 2024 As we move into the second half of 2024, here’s what experts say you should expect for home prices, mortgage rates, and home sales.

Want to know what to expect from the housing market for the second half of the year?

Expert forecasts say:

Prices will keep rising, just at a slower pace.
Mortgage rates will come down slightly.
And sales will hold steady.

If you have questions about what’s ahead and want advice from a pro, I'm here to help.

Buying a Condo vs. a Home: What's the Difference?
Buying a house is a goal for many people. While some folks envision a single-family residence as their dream home, purchasing a condominium brings its own set of benefits. Let's take a look at the benefits of buying a single-family home versus a condominium.
Benefits of Buying a House
If buying a home...

www.nickpangallore.com

Why a Vacation Home Is the Ultimate Summer Upgrade

Summer is officially here and that means it’s the perfect time to start planning where you want to vacation and unwind this season. If you’re excited about getting away and having some fun in the sun, it might make sense to consider if owning your own vacation home is right for you.

An Ameriprise Financial survey sheds light on why people buy a second, or vacation, home (see below):

• Vacation destination or a place to get away from the stresses of everyday life (81%)

• Better weather (49%)

• Rental income (41%)

• Primary residence in the future (33%)

• Having a venue for gatherings with family and friends (25%)
Ways To Buy Your Vacation Home

And you don’t have to be wealthy to buy a vacation home. Bankrate shares two tips for how to make this dream more achievable for anyone who’s...

Why a Vacation Home Is the Ultimate Summer Upgrade Summer is officially here and that means it’s the perfect time to start planning where you want to vacation and unwind this season.

What’s one of the top things today’s homebuyers say they need more information on?

It’s programs that can help with the upfront costs of buying a home.

There are over 2000 down payment programs available – and with how tight affordability still is, it’s worth seeing if there’s one that can help you.

Want to learn more? Connect with a trusted lender and local agent.

The Best ROI Home Improvement Projects
Making home improvements for your family to enjoy or to help sell your home is a great idea, but some improvements are a better use of your money than others. So how do you know you're spending your home improvement dollars wisely? This is an important question if you plan to sell sometime soon. You'll...

www.nickpangallore.com

Worried About Mortgage Rates? Control the Controllables

Chances are you’re hearing a lot about mortgage rates right now. You may even see some headlines talking about last week’s Federal Reserve (the Fed) meeting and what it means for rates. But the Fed doesn’t determine mortgage rates, even if the headlines make it sound like they do.

The truth is, mortgage rates are impacted by a lot of factors: geo-political uncertainty, inflation and the economy, and more. And trying to pin down when all those factors will line up enough for rates to come down is tricky.

That’s why it’s generally not worth it to try to time the market. There’s too much at play that you can’t control. The best thing you can do is control the controllables.

And when it comes to rates, here’s what you can influence to make your moving plans a reality.

Your Credit Score

Credit...

Worried About Mortgage Rates? Control the Controllables Chances are you’re hearing a lot about mortgage rates right now.

Do Elections Impact the Housing Market?

The 2024 Presidential election is just months away. As someone who’s thinking about potentially buying or selling a home, you’re probably curious about what effect, if any, elections have on the housing market.

Home Sales

During the month of November, in years when the Presidential election takes place, there’s typically a slight slowdown in home sales. As Ali Wolf, Chief Economist at Zonda, explains: “Usually, home sales are unchanged compared to a non-election year with the exception being November. In an election year, November is slower than normal.”

Home Prices

What about home prices? Do they drop during election years? Not typically. As residential appraiser and housing analyst Ryan Lundquist puts it: “An election year doesn’t alter the price trend that is already happening in the market.”

Mortgage...

Do Elections Impact the Housing Market? The 2024 Presidential election is just months away.

Clear Out Clutter and Make Money With a Garage Sale
Clutter accumulates quickly in homes of all sizes, but that doesn't mean you should have to live with it. Whether you're selling your house or you just want more space, the warmer months are a great opportunity to clear it once and for all with a garage (or yard) sale. Here are a few simple steps to...

Clear Out Clutter and Make Money With a Garage Sale Clutter accumulates quickly in homes of all sizes, but that doesn't mean you should have to live with it. Whether you're selling your house or you just want more space, the warmer months are a great opportunity to clear it once and for all with a garage (or yard) sale. Here are a few simple...

The Benefits of Maintenance-Free Living
Imagine buying a house that you love on a perfectly maintained property, without ever having to worry about home maintenance. What would you do with all of that extra free time?
While there is some charm in tackling your to-do list, that charm can fade very quickly when every weekend features an endless...

www.nickpangallore.com

This isn’t like 2008. Builders aren’t overbuilding, they’re just catching up.

This graph shows there’s a gap to make up after over a decade of not building enough homes.

Plus, builders are focusing on completing what’s already started versus breaking ground on a whole lot of new homes. This means they’re being mindful and that’s a good thing.

Have questions? Let’s chat.

If you’re waiting for the right time to list your home, this showing index stat shows that buyers are hitting the market hard! Now might be a better time to list, because there may be more homeowners wanting to list as more buyers enter the ring! If you’re ready to sell, lets talk!

Kitchen Upgrades That Will Catch a Buyer's Eye
When you're prepping to sell your home, step back and take a look at it with an objective eye. You may love its color palette, fixtures, and other decor elements, but your taste no longer matters. Will your home's appearance appeal to prospective buyers?
Before you start tearing everything down to start...

www.nickpangallore.com

Planning to buy your first home? It helps to start with a solid savings plan.

Set a budget, track your expenses, and focus on cutting down on any unnecessary spending. And, if you can automate your savings, that can go a long way to speeding up the process.

With the right strategies and planning, your dream home may be closer than you think.

Considering selling your house on your own?
Here’s why teaming up with an agent can make the process smoother.
An agent knows the local market and how to set a competitive price that draws in buyers.
An agent will handle all the legal documents and ensure accuracy, reducing risks and delays.
Remember, a pro by your side can save you time, stress, and potential pitfalls.

Choosing the Right Lighting For Your Home
Choosing the right lighting for your home adds ambiance to your surroundings and provides enough lighting to perform a task. Look around your home, if you are not satisfied with your lighting, use this list of insider tips on how to choose the perfect lighting for your home.
1. Start with General Lighting
General...

www.nickpangallore.com

Your Equity Could Make a Move Possible

Many homeowners looking to sell feel like they’re stuck between a rock and a hard place right now. Today’s mortgage rates are higher than the one they currently have on their home, and that’s making it harder to want to sell and make a move.

What Is Equity?

Think of equity as a simple math equation.
Your equity grows as you pay down your loan over time and as home prices climb. And thanks to the rapid home price appreciation we saw in recent years, you probably have a whole lot more of it than you realize.

The latest from the Census and ATTOM shows more than two out of three homeowners have either completely paid off their mortgages.
That means the majority of homeowners have a game-changing amount of equity right now.

How Your Equity Can Help Fuel Your Move
• Be an all-cash buyer
• Make a larger down payment

The...

Your Equity Could Make a Move Possible Many homeowners looking to sell feel like they’re stuck between a rock and a hard place right now.

Are Your Ready to Be a Homeowner?
Buying your first home is a rite of passage that many people dream of. However, before you take the plunge, it's important to make sure you're really ready. Your finances have a lot to do with it, but it's not the only thing you'll need to consider.
Here are five important questions to ask yourself...

www.nickpangallore.com

The Sweet Spot for Buying Luxury Homes

If you’ve been looking for a home at the high end of your market, but haven’t found the right one, you may have put your search on hold. But according to recent data, now may be the time to jump back in. Here’s why.

There Are More Luxury Homes To Choose From

What’s considered the top-end of the market, or a luxury home, will always vary by location. But generally speaking, they’re homes that are valued in the top 5% of any given market. According to a recent report from the Institute for Luxury Home Marketing, the selection of luxury homes is increasing.

There are considerably more single-family luxury homes available now than there were a year ago. In fact, there are even more than there were just a month ago. This means you should have a wider variety of top-of-the-line homes to choose from, each with unique features...

The Sweet Spot for Buying Luxury Homes If you’ve been looking for a home at the high-end of your market, but haven’t found the right one, you may have put your search on hold.

Dreaming of a high-end home? Now’s your moment.

The selection of luxury homes has grown compared to last year.

So, if you’re looking for things like a modern kitchen, the latest smart home tech, high-end features, and more, this is your chance to find the home that matches your style.

Looking for expert help? That's what I'm here for.

What To Expect if You Buy or Sell a Home This June

June is a busy month in the housing market because a lot of people buy and sell this time of year. So, if you’ve got a move on your mind and you’re looking to make it happen this month, here’s a snapshot of what you need to know to make sure you’re ready.

If You’re Buying This June

A lot of homebuyers with children like to move after one school year ends and before the next one begins. That’s one reason why late spring into summer is a popular time for homes to change hands. And whether that’s a motivator for you or not, it’s important to realize more buyers are going to be looking right now – and that means you’ll want to be ready for a bit more competition. But there is a silver lining to a move this time of year. This is also when more sellers will list – so you should find you have more options...

What To Expect if You Buy or Sell a Home This June June is a busy month in the housing market because a lot of people buy and sell this time of year.

Homeownership is more than just a financial decision—it's about satisfaction, stability, community, and finding a space that you can truly make your own.

Ready to experience the pride and fulfillment of owning your own home? Let's chat about your goals.