Today’s housing market is truly one for the record books. Over the past year, we’ve seen the lowest mortgage rates in history. And while those rates seemed to bottom out in January of this year, the golden w...
For Buyers
How does the market compare to normal years? It’s deceiving to compare the 2021 market to 2020 and get a clear picture of the real estate market because 2020 was such an erratic year. We need to go back to prior...
In today’s real estate market, buyers shouldn’t shop for a home with the expectation they’ll be able to negotiate a lower sales price. In a typical housing market, buyers try to determine how much less than the asking...
Categories:
Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers
Over the past year, many homeowners realized what they need in a home is changing, especially with the rise in remote work. If you’re longing for a dedicated home office or a change in scenery, now may be the time to ...
Last week, Fannie Mae released their Home Purchase Sentiment Index (HPSI). Though the survey showed 77% of respondents believe it’s a “good time to sell,” it also confirms what many are sensing: an increasing number ...
Categories:
Buying Myths, First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers, Pricing
1. Your House Will Likely Sell Quickly According to the most recent Realtors Confidence Index released by the National Association of Realtors (NAR), homes continue to sell quickly. The report note...
The median sales price in San Diego is $743,000. The median detached home is $865,000 and a condo/townhome is $540,000. Homes are selling at 103.6% of list prices. In other words, if a home is listed for $717,000,...
You may have been told that it’s important to get pre-approved at the beginning of the homebuying process, but what does that really mean, and why is it so important? Especially in today’s mar...
The major challenge in today’s housing market is that there are more buyers looking to purchase than there are homes available to buy. Simply put, supply can’t keep up with demand. A normal market has a 6-month supply...
There’s a lot of discussion about affordability as home prices continue to appreciate rapidly. Even though the most recent index on affordability from the National Association of Realtors (NAR) shows homes a...
Categories:
Buying Myths, Featured, First Time Home Buyers, For Buyers, Pricing, Rent vs. Buy, Uncategorized