real estate
The Home Seller And a Changing Market
Approximately 23% of listings received price cuts in March 2025, the highest rate since 2018. Overpricing can lead to prolonged market time and increased carrying costs. For instance, a $500,000 home with $3,000 monthly expenses incurs $9,000 in costs over three extra months. Buyers now expect concessions, such as assistance with closing costs or mortgage rate buy-downs. The home seller must be prepared to negotiate and offer incentives to attract offers.
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Current Mortgage Rates and Market Predictions
Mortgage rates play a crucial role in determining the affordability of homeownership. As of late, the housing market has been witnessing significant fluctuations in these rates. Understanding the current situation and predictions is essential for buyers navigating this landscape. This blog delves into the latest on mortgage rates, market forecasts, and what it all means ... Read more
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Should I buy a house now or wait?
Monthly overview, May 2024 A question that arises often in our conversations with friends and clients is “Should I wait with home buying or grin and bear it now, while others are still waiting for rates to go down?” You want to buy a new home. But so do millions of other Americans. The market ... Read more