Reflecting Back on 2023. Looking Ahead to 2024.
It’s amazing to believe that 2023 is already coming to an end. There were many things for us to enjoy and celebrate this year. However, it was a somewhat forgettable year from a real estate perspective. It’s no secret it was a challenging market with such high mortgage rates throughout most of the year and […]
Demographic Factors Affecting Homeowner Migration Trends
In our most recent blog article, we examined how homeowner migration trends over the past few years have affected home values. We looked at why people have left bigger cities in favor of smaller metropolitan markets. These burgeoning markets, in turn, have seen significant increases in property values. This helps spark more migration, and so […]
The Affects of Homeowner Migration on Home Values
We’ve seen significant homeowner migration since the pandemic. However, many of these trends started long before anyone had heard of Covid. Many people started moving from the largest metro areas to smaller and mid-sized cities, and it’s been happening across the United States. Migration Patterns Seattle to Portland, Houston to Austin, New York to Raleigh, […]
How Home Affordability Impacts Buying, Selling and Renting Trends
In our previous article, we talked about the effects of high mortgage rates on the real estate market. [Click here to read the full article.] We touched on the subject of rising home prices, as well. In this post, we would like to dig deeper on the trends of home pricing, renting and overall home […]
How Rising Mortgage Rates Are Affecting Home Buyers
Many economic experts predicted mortgage rates might start coming down in 2023. Unfortunately, that has not happened yet. If anything, they continue to rise. Average rates have been well over 7% lately and are creeping up on 8%. Yet, there is still demand from home buyers as both mortgage rates and home prices are high. […]
Which Real Estate Documents Should I Keep (and for How Long)?
When you buy or sell a home, there is a lot of paperwork that needs to be completed. These represent various legal documents, mortgage loan agreements, title records, tax information and other documents representing your side of the real estate transaction. The big question is what do you actually need to keep in your possession […]
How to Buy or Sell a House When You Are a Partial Owner
This actually happens more than you might think. You find yourself in a situation where you need to sell a house, but you don’t have full ownership of the property. Or, you may be looking to purchase a property with a co-owner. Examples can include a house bought in marriage, or with a partner, friend, […]
The Importance of Real Estate Negotiation Skills
It’s no secret that real estate is a transaction-based business. We are helping our clients buy and sell homes. Many important details need to be facilitated to make this happen, in addition to the guidance we are providing our clients along the way to help them make sound decisions. There are financial, emotional and practical […]
How to Pay Off Your Mortgage Early
Having a mortgage is a big part of being a homeowner for most Americans. Getting a home loan is the only way most of us can afford to purchase a property, so it’s a natural part of the real estate cycle. Ultimately, making loan principal and interest payments is a good thing. You are not […]
Housing Challenges Caused by Hybrid Work Environments
In the midst of the Covid-19 pandemic, a vast majority of office-based businesses switched to remote work environments. It wasn’t safe or practical to have people coming into an office setting everyday. Workers adapted to this new lifestyle. Some embraced the change and loved working remotely. Others had a harder time adjusting to it, especially […]