Lifestyle

There’s no denying mortgage rates are having a big impact on today’s housing market. And that may leave you with some questions about whether it still makes sense to sell your house and make a move. Here are some of the top questions you may be asking – and the data that helps answer them.

Retirement is a time for relaxation, adventure, and enjoying the things you love. As you imagine this exciting new chapter in your life, it’s important to think about whether your current home still fits your needs.

When your home is worth far more than what you paid for it, you might expect to make a tidy profit when selling. However, you may end up  paying capital gains tax too. Depending on how long you have owned your home and market conditions, this amount can be significant. Here are tips to limit capital gains tax liability when selling, or thinking about selling in the future.

With all the headlines circulating about home prices and mortgage rates, you may be asking yourself if it still makes sense to buy a home right now, or if it’s better to keep renting. Here’s some information that could help put your mind at ease by showing that investing in a home is still a powerful decision.

One of the biggest hurdles buyers have faced over the past few years has been a lack of homes available for sale. But that’s starting to change.

Here’s a statistic we couldn’t help digging into a little deeper- almost twice as many single women are becoming homeowners vs single men. According to data from the National Association of Realtors (NAR), 19% of all homebuyers are single women, while only 10% are single men. And the number of single female homeowners is growing, and for good reasons.

When you read about the housing market, you’ll probably come across some information about inflation or recent decisions made by the Federal Reserve (the Fed). But how do those two things impact you and your homebuying plans? Here’s what you need to know.

When it comes to what’s happening in the housing market, there’s a lot of confusion going around right now. You may hear one thing in conversation with your friends, see something totally different on the news, and read something on social media that contradicts both of those thoughts. And, if you’re thinking about making a move, that can leave you with a lot of lingering questions. That’s where a trusted local real estate agent comes in.

The spring housing market has been surprisingly active this year. Even with affordability challenges and a limited number of homes for sale, buyer demand is strong, and getting stronger.

In the United States, there are over 72 million millennials. If you’re part of that generation and have thought about buying a home, you aren’t alone. According to Zonda, 98% of millennials want to become a homeowner at some point if they aren’t already. But why?

Spring has arrived, and that means more and more people are getting their homes ready to sell. But with recent shifts in real estate, this year’s spring housing market will be different from the frenzy of the past several years. To sell your house quickly, without hassles, and for the most money, be sure to follow these four simple tips:

Though the housing market is no longer experiencing the frenzy of a year ago, buyers are showing their interest in purchasing a home. According to U.S. News:

If buying or selling a home is part of your dreams for 2023, it’s essential for you to understand today’s housing market, define your goals, and work with industry experts to bring your homeownership vision for the new year into focus.

Retirement often brings many life changes, including a lifestyle not centered around work. As your daily life changes, your housing needs may change too. The space may not fit your needs, or maybe you want to move to a different location. So, one of the key factors in planning your retirement is deciding where you will live, and whether you want to sell your home.

You may have heard how owning real estate is a key part of building generational wealth. Even if you are single or without children, there’s no denying the long-term financial benefits of owning a home. But if today’s housing market has you wondering if now’s still the time to buy, consider the non-financial and emotional reasons too.

The devastating Lahaina wildfires of 2023 are still singed in our minds. But Hawaii is not the only area suffering from increased fire activity. Last year, over 56,000 wildfires burned 2.6 million acres, destroying over 4,300 home and commercial structures across the United States.

Does the latest news about the housing market have you questioning your plans to sell your house? If so, perspective is key. Here are some of the ways a trusted real estate professional can explain the shift that’s happening today and why it’s still a sellers’ market even during the cooldown.

Knowing which financial weaknesses raise red flags for lenders, and avoiding them, can strengthen your chances of loan approval. Lenders are trained to spot financial mismanagement so they are careful to review your finances before they take you on as a mortgage client. A bad risk isn’t good for their business.

When we look back at history, we’ll likely find our pandemic and post pandemic real estate market is highly unique. Industry experts are starting to make their 2023 home price forecasts. As they do, most agree homes will continue to gain value, just at a slower pace.

Homebuyers looking for a bargain will have better luck finding deals on home décor at the dollar store than in housing this year. In some cases, even if a home needs major repairs, seller’s have the upper hand and can ask what they want. That’s because available houses are lagging far behind the demand.