Home Buyers and Sellers: NAR Settlement FAQs, Part 2
If you’ve been following The Cyr Team Blog, you may have seen our most recent article (read here) answering some frequently asked questions about the recent National Association of Realtors® (NAR) settlement. The ways real estate commissions are split and paid for listing agents and buyer’s agents could be changing significantly. As a home buyer […]
Home Buyers and Sellers: NAR Settlement FAQs, Part 1
The real estate industry is an ever-changing landscape. Some big changes are on the horizon as a result of a major settlement between the National Association of Realtors® (NAR) and the Department of Justice. It will impact several key aspects of our business. However, the issue that affects home buyers and sellers the most will […]
Changing with the Times: Technology and Real Estate
We’ve been real estate professionals for a long time. We’ve been proud to help over 300 families make successful moves. The industry has changed dramatically over the past few years. Technology continues to evolve, and our business may experience more change in the next five years than in the past 30. We know that as […]
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. […]