Home prices have increased significantly over the last year, which in turn has grown the net worth of homeowners. Appreciation and home equity are directly linked – as the value of a home increases, so does a homeowner’s equity. And […]
What do experts see on the horizon for the 2nd half of 2021?
As we move into the latter half of the year, questions about what’s to come are top of mind for buyers and sellers. Near record-low mortgage rates coupled with rising home price appreciation kicked off a robust housing market in […]
82 percent of homes selling at or above asking price
When you sell your home, you want it to sell for at least what you’re asking — preferably more. And if that’s the goal, now is a great time to sell. A recent survey from Homes.com found that a whopping […]
Home price appreciation: As simple as supply and demand
Home price appreciation continues to accelerate. Today, prices are driven by the simple concept of supply and demand. Pricing of any item is determined by how many items are available compared to how many people want to buy that item. […]
In today’s market, listing price is like an auction’s reserve price
For generations, the process of buying and selling a home never really changed. A homeowner would try to estimate the market value of their house, then tack on a little extra to give themselves some negotiating room. That figure would […]
INFOGRAPHIC: Should I buy now or wait?
If you’re thinking that waiting a year or two to purchase a home might mean you’ll save some money, think again. Mortgage interest rates are currently very low, but experts across the board are forecasting increases in both home prices […]
Home Prices Up Nearly 10 Percent over LY in December
There’s no denying that 2020 was an extremely challenging year. But one area that flourished in 2020 was the real estate market — and more specifically, the market was great for sellers. Low inventory and high buyer demand drove up […]
Where are home values headed over the next 12 months?
As shelter-in-place orders were implemented earlier this year, many questioned what the shutdown would mean to the real estate market. Specifically, there was concern about home values. After years of rising home prices, would 2020 be the year this appreciation […]
Why pricing your home right matters this Fall
As a seller today, you may think pricing your home on the high end will result in a higher final sale price, but the opposite is actually true. To sell your home quickly and for the best possible price, you […]
Buyer demand driving up listing prices across the country
The current real estate market is an excellent example of the law of supply and demand. After a period of slowed activity due to COVID-19, buyers have emerged strong and ready to buy, but the lack of inventory is creating serious demand for properties — and driving up prices in the process.
