Important Real Estate Trends Shaping the 2024 Housing Market
On the previous Cyr Team Blog article, we discussed “What to Expect with Home Affordability in 2024.” [Click here to read the full article.] We shared data and trends from our recent report comparing real estate sales trends between 2023 and previous years. [Click here to download report.] There are some additional topics from the […]
What to Expect with Home Affordability in 2024
We recently released a report comparing a number of different real estate data points between 2023 and previous years. [Click here to download full report.] One of the overarching themes of last year was the rising challenge of home affordability. It is getting harder and harder for people in America (and in our markets specifically) […]
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. […]
Affordable Ways to Add Value to Your Home
Are you looking to make some upgrades around your home without breaking the bank? There are some simple and affordable ways you can add value to your house. You don’t have to go through a major renovation or spend a ton of money to make your property a more appealing place to live. What is […]
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, […]