Daniela Virani Premier Group

REality with Daniela V.

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.

Your trusted partner for all things Real Estate

REality with Daniela V.

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 decide, based on the...

Your trusted partner for all things Real Estate

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.

REality with Daniela V.

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.

Your trusted partner for all things Real Estate

REality with Daniela V.

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.

Your trusted partner for all things Real Estate

REality with Daniela V.

In recent years, there’s been a significant shift in how wealth is distributed among generations. It’s called the Great Wealth Transfer.

Basically, as more Baby Boomers retire, sell businesses, or downsize their homes, more substantial assets are being passed down to younger generations. And this creates a powerful ripple effect that’ll continue over the next few decades.

Impact on the Housing Market

One of the most immediate effects of this wealth transfer is on the housing market. Home affordability has been a concern for many aspiring buyers, especially in high-demand areas. The increase in generational wealth is expected to ease some of these challenges by providing future homeowners with greater financial resources. As assets are passed down through generations, buyers may find themselves in a better position to afford homes.

Impact on the Economy

But the Great Wealth...

Your trusted partner for all things Real Estate

The Great Wealth Transfer: A New Era of Opportunity In recent years, there’s been a significant shift in how wealth is distributed among generations.

REality with Daniela V.

Have you heard of the Great Wealth Transfer?

Over the next 20 years, roughly $84 trillion is expected to change hands from Baby Boomers to Gen X and Millennials.

And as it’s passed down, it’ll impact the housing market because it should help younger generations be in a better position to afford homes.

Your trusted partner for all things Real Estate

REality with Daniela V.

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 500 to 700, but will...

Your trusted partner for all things Real Estate

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.

REality with Daniela V.

One of the biggest bright spots in today’s housing market is how much the supply of homes for sale has grown since the beginning of this year.

Recent data from Realtor.com shows that nationally, there are 36.6% more homes actively for sale now compared to the same time last year. That’s a significant improvement. It gives you far more options for your move than you would’ve had just a year ago. And with supply improving, you’re also regaining a bit of negotiation power. So, if you’re someone who thought about buying a home over the last few years but were discouraged by how limited inventory was, this should be welcome news.

As Lawrence Yun, Chief Economist at NAR, says, “Increased housing supply spells good news for consumers who want to see more properties before making purchasing decisions.”

While we’re up by almost 37% year-over-year, we’re still not back to how much...

Your trusted partner for all things Real Estate

Are There More Homes for Sale Where You Live? One of the biggest bright spots in today’s housing market is how much the supply of homes for sale has grown since the beginning of this year.

REality with Daniela V.

Getting ready to sell your house? Here’s the scoop on home inspections and how to prep for them.

As more homes hit the market, buyers are regaining some negotiating power. That means it might be a good idea to tackle some key repairs before listing.

But how do you know which ones are worth it?

Expert advice is key. Let's chat so you know what to prioritize.

Your trusted partner for all things Real Estate

REality with Daniela V.

Are you a part of the Sandwich Generation? According to Realtor.com, that’s a name for the roughly one in six Americans who take care of their children and their parents or grandparents at the same time.

If that sounds familiar to you, juggling all the responsibilities involved certainly must have its challenges. But it turns out there’s one pretty significant benefit: it can actually make it a bit easier for you to buy a home.

How Can It Help You Buy a Home?

Here are a few ways their caretaking situation might be helping those 33% buy a home:

• Sharing Expenses

• Built-In Childcare

Beyond just the financial reasons, buying a multi-generational home has other advantages. The Profile of Home Buyers and Sellers from the National Association of Realtors (NAR) highlights some of the most popular, including:

• Easier To Care for Aging Parents

• Spending More Time Together

How...

Your trusted partner for all things Real Estate

Why the Sandwich Generation Is Buying Multi-Generational Homes Are you a part of the Sandwich Generation?

REality with Daniela V.

Curious about selling your home? Understanding how much equity you have is the first step to unlocking what you can afford when you move. And since home prices rose so much over the past few years, most people have much more equity than they may realize.

Here’s a deeper look at what you need to know if you’re ready to cash in on your investment and put your equity toward your next home.

Home Equity: What Is It and How Much Do You Have?

Home equity is the difference between how much your house is worth and how much you still owe on your mortgage. For example, if your house is worth $400,000 and you only owe $200,000 on your mortgage, your equity would be $200,000.

Recent data from the Census and ATTOM shows Americans have significant equity right now. In fact, more than two out of three homeowners have either completely paid off their mortgages.

Today, more homeowners are...

Your trusted partner for all things Real Estate

What Every Homeowner Should Know About Their Equity Curious about selling your home?

REality with Daniela V.

Wondering if a housing market crash is on the horizon? Think again.

Unlike 2008's oversupply issue, today we're facing an undersupply of homes.

From existing homes to new builds and even foreclosures, all inventory levels are significantly lower than during the last housing crisis.

The numbers are clear—today's inventory conditions are simply not the same.

Your trusted partner for all things Real Estate

REality with Daniela V.

Caught between caring for your kids and aging parents? Here’s some good news.

In a recent survey, 1 in 3 people in this same situation find it actually makes it easier to afford a home.

That’s because a multi-generational home has big financial perks like sharing expenses and built-in childcare.

If you want to talk about whether this type of home is right for you, DM me.

Your trusted partner for all things Real Estate

REality with Daniela V.

Let’s talk about equity.

On average, homeowners gained $28,000 over the past year and have a grand total of $305,000 worth of equity in their homes. That’s a whole lot of leverage for your next move.

Curious about how much you have? Let’s do a Professional Equity Assessment Report. Comment “Equity” below if you’re interested.

Your trusted partner for all things Real Estate

REality with Daniela V.

Inflation is cooling – and that’s a good sign for mortgage rates.
As the rate of inflation gets closer to the Fed's target of 2%, they may lower the Federal Funds Rate. When they do, mortgage rates are likely to respond.
But this isn't the only factor at play. For the latest updates on what’s happening, follow me.

Your trusted partner for all things Real Estate

REality with Daniela V.

Equity is the difference between what your house is worth and what you still owe on your mortgage. The typical homeowner gained $28,000 over the past year and has a grand total of $305,000 in equity. And there are a lot of great ways you can use that equity. Want to know how much equity you have? Let’s connect so you can get a Professional Equity Assessment Report (PEAR).

Your trusted partner for all things Real Estate

Unlocking the Benefits of Your Home's Equity Equity is the difference between what your house is worth and what you still owe on your mortgage.

REality with Daniela V.

There’s an interesting trend happening in the housing market. People are increasingly moving to more affordable areas, and remote or hybrid work is helping them do it.

Consider Moving to a More Affordable Area

Today’s high mortgage rates combined with continually rising home prices mean it’s tough for a lot of people to afford a home right now. That’s why many interested buyers are moving to places where homes are less expensive, and the cost of living is lower.

If you’re hoping to buy a home soon, it might make sense to broaden your search area to include places where homes that fit your needs are more affordable. That’s what a lot of other people are doing right now to find a home within their budget.

Remote Work Opens Up More Home Options

If you work remotely or drive into the office only a few times each week, you have many more possibilities when looking for your next...

Your trusted partner for all things Real Estate

How Affordability and Remote Work Are Changing Where People Live There’s an interesting trend happening in the housing market.

REality with Daniela V.

Trying to get your house ready to list?

If your home is between 20-39 years old, it’s entering the prime remodeling years. And to make sure it shows well and appeals to today’s buyers, you may need to tackle some strategic updates.

Have a project on your mind but you’re wondering if it’s worth the time and money?

Comment below and I’ll help you prioritize your to-do list.

Your trusted partner for all things Real Estate

REality with Daniela V.

If you’re trying to decide if you’re ready to buy a home, there’s probably a lot on your mind. Instead of trying to time the market, focus on what you can control. Here are a few questions that can give you clarity on whether you’re ready to make your move.

1. Do You Have a Stable Job?

One thing to consider is how stable you feel your employment is.

2. Have You Figured Out What You Can Afford?

If you have reliable paychecks coming in, the next thing to figure out is what you can afford.

3. Do You Have an Emergency Fund?

Another key factor is whether you’ll have enough cash leftover in case of an emergency.

4. How Long Do You Plan To Live There?

5. Above all else, the most important question to answer is: do you have a team of real estate professionals in place?

If not, finding a trusted local agent and a lender is a good first step. The pros can talk you through your...

Your trusted partner for all things Real Estate

How To Determine if You’re Ready To Buy a Home If you’re trying to decide if you’re ready to buy a home, there’s probably a lot on your mind.

REality with Daniela V.

Thinking about buying a home? You want to consider everything from mortgage rates to your personal finances and goals.
My best advice: focus on what you can control and take the time to evaluate your situation.
These 4 questions can help you figure out if you’re ready.
If you want to have a conversation about how to prepare, send me a DM.

Your trusted partner for all things Real Estate

REality with Daniela V.

Thinking of selling? You can’t just pick any price.

With moderating demand and a growing number of homes for sale, your asking price matters even more right now.

Buyers have more options, and they’re not going to look at a home that’s overpriced.

Want to price your house so it stands out and avoids a price cut? With my local market expertise, we can find the right price.

Your trusted partner for all things Real Estate

REality with Daniela V.

Are you wondering if the upcoming election will have an impact on the housing market? Here’s what history tells us you need to know if you’re considering a move. Data shows home sales slow in November but quickly bounce back and rise the following year. Prices usually keep climbing. And mortgage rates typically come down slightly. Presidential elections have only a small and temporary impact on the housing market. If you have questions, let’s connect.

Your trusted partner for all things Real Estate

How Do Presidential Elections Impact the Housing Market? Are you wondering if the upcoming election will have an impact on the housing market?

REality with Daniela V.

Just applied for a mortgage? Heads up – there are a few things to avoid to keep your closing smooth:
-Don't change bank accounts
-Don't apply for new credit or close accounts
-Don't make large purchases or transfers
-Don't co-sign loans
Pro tip: Once you’ve started the process, always check with your loan officer before making any financial moves.

Your trusted partner for all things Real Estate

REality with Daniela V.

Homeownership continues to top the list as a big part of the American Dream.

A recent Bankrate survey found that 78% of people rank it above other milestones like retirement and career success.

Why? Security and wealth-building. A fixed-rate mortgage keeps expenses stable, and as you pay down your mortgage, you build equity and financial stability.

Let’s make your homeownership dream come true.

Your trusted partner for all things Real Estate