Inventory

Why Rising Mortgage Rates Push Buyers off the Fence

May 17, 2022

If you’re thinking about buying a home, you’ve probably heard mortgage rates are rising and have wondered what that means for you. Since mortgage rates have increased over two percentage points this year, it’s natural to think about how this will impact your homeownership plans. Today, buyers are reacting in one of two ways:

If You’re a Homeowner, You Have Incredible Leverage When You Sell Today

May 16, 2022

In today’s housing market, homeowners have a great opportunity to sell their houses and receive the best terms for their personal situation. That’s because there’s a limited number of homes for sale, which is creating competition among buyers. Right now, homebuyers want three things: To be the winning bid on their dream home

What You Actually Need To Know About the Number of Foreclosures in Today’s Housing Market

May 12, 2022

While you may have seen recent stories about the volume of foreclosures today, context is important. During the pandemic, many homeowners could pause their mortgage payments using the forbearance program. The goal was to help homeowners financially during the uncertainty created by the health crisis. When the forbearance program began,

Are There More Homes Coming to the Market?

May 11, 2022

According to a recent survey from the National Association of Realtors (NAR), one of the top challenges buyers face in today’s housing market is finding a home that meets their needs. That’s largely because the inventory of homes for sale is so low today. If you’re looking to buy a home, you may have noticed this yourself. But

Your House Could Be Closer to List-Ready Than You Think

May 4, 2022

One of the biggest concerns for a homeowner looking to sell is the time they’ll have to put in before listing their house. If that’s the case for you, you should know – your home might be closer to list-ready than you think in today’s housing market. A survey of recent sellers

Things That Could Help You Win a Bidding War on a Home

May 3, 2022

With a limited number of homes for sale today and so many buyers looking to make a purchase before mortgage rates rise further, bidding wars are common. According to the latest report from the National Association of Realtors (NAR), nationwide, homes are getting an average of 4.8 offers per sale. Here’s a look at how that breaks down state-by-state

Today’s Home Price Appreciation Is Great News for Existing Homeowners

May 2, 2022

If you’re planning to sell your home this season, rising prices are great news for you. But it’s important to understand why prices are rising to begin with. One major factor is supply and demand. In any industry, when there are more buyers for an item than there are of that item available, prices naturally rise. In

Give Your Curb Appeal a Boost Before You Sell [INFOGRAPHIC]

April 29, 2022

Some Highlights If you’re considering selling your house this season, focusing on a few quick and easy updates outside can help your home look its best. 78% of real estate agents polled say poor landscaping affects property values. As a seller, that means your yard could impact your bottom line. When getting your house ready to

What You Need To Know About Selling in a Sellers’ Market

April 28, 2022

Even if you haven’t been following real estate news, you’ve likely heard about the current sellers’ market. That’s because there’s a lot of talk about how strong market conditions are for people who want to sell their houses. But if you’re thinking about listing your house, you probably want to know: what does

On the Fence of Whether or Not To Move This Spring? Consider This.

April 14, 2022

If you’re thinking of selling your house, it may be because you’ve heard prices are rising, listings are going fast, and sellers are getting multiple offers on their homes. But why are conditions so good for sellers today? And what can you expect when you move? To help answer both of those questions, let’s turn to