Navigating the Emotional Journey: How to Help Your Aging Parents Embrace Change
Lately, we’ve been consulting with more and more people who are faced with a tough situation. They are tasked with the responsibility of moving an elderly parent out of a family house and into a more suitable living situation. They have to determine what to do with the property, all while making difficult financial, practical […]
Estate Planning for an Uncertain Future
Throughout our lives and business, we’ve had the pleasure of meeting so many different people. Everyone will face their own trials and tribulations throughout life—hardship, health issues, family drama and financial pressures. And ultimately, we all face the same fate. We see this everyday when working with our clients as we try to help them […]
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 […]
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, […]
The Importance of Real Estate in Your Estate Plan
Estate planning is something we all have to face in life. The sooner you can start planning the better. The older you are, the more important it becomes to have all your legal and financial ducks in a row. If you own a home, it represents a significant financial asset. What will become of your […]
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. […]
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 […]
Senior Housing Challenges in an Evolving Real Estate Market
As Baby Boomers and Generation Xers continue to age into their senior years, we’re seeing some interesting housing trends develop. Many wish to “age in place.” This means staying in their longtime family home or moving to a smaller place, but still in the same general neighborhood. This puts a crunch on local real estate […]