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. […]
Home Safety Tips and Technology for Today’s Homeowners
When you own a home, safety and security are very important. You want to protect yourself, your loved ones and your precious belongings from theft, natural disasters and other damage. Having a safer home gives you more peace of mind and helps you sleep a little better at night. It may even help reduce your […]
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 […]
The Pros and Cons of AI in Real Estate
There is a lot of talk in the news about artificial intelligence (AI). What was once pure science fiction has become somewhat of a reality. The robots aren’t ready to take over the world just yet, but we do see AI-generated art, music and writing all over the place. The trend will probably continue to […]
The State of Real Estate – When Will Housing Prices Drop in 2022?
In our last article, we talked about the state of real estate. We covered the current market trends as they relate to inflation, high mortgage rates, housing inventory and home values. [Click here to read the full article.] Today, we want to look forward. The real estate market has changed and so must our expectations […]
The State of Real Estate—Housing Market 2022
There are a lot of questions in the real estate market right now. Is the market crashing because of inflation and high mortgage rates? Why are mortgage rates so high and will they ever come back down? Is now a good time to sell a home? Should home buyers wait until market conditions improve? We’re […]