“That’s correct—based on a recent Zillow study, in 22 out of the 50 largest metropolitan areas, monthly mortgage payments have now dipped below the cost of renting (refer to the chart below):” As mortgage rates have eased from their recent peak, home prices have stabilized, and inventory has increased, affordability
Is Your Home Sitting on the Market Too Long? Here’s Why You Shouldn’t Pull the Listing Yet Has your home been on the market longer than you’d hoped? If so, you’re likely feeling the frustration. Maybe you’re even considering pulling your listing and waiting for 2025. But before you make
If you’ve been thinking about selling your current home to upgrade to a larger or more luxurious one, you’re in good company. According to a recent Inman survey, the primary reason motivating today’s homebuyers is the need for more space or a home upgrade (see graph below):
Affordability is based on three key factors: mortgage rates, home prices, and wages. And today, it’s improving quickly as rates come down, prices level off, and wages climb. If you put your search on pause because it was too expensive to buy, let’s talk about why now may be the
Recent headlines have been buzzing about a drop in the median asking price of homes compared to last year, causing quite a bit of confusion. As a buyer or seller, you might think this means home prices are falling. But here’s the thing: those figures don’t give you the
Watching your home linger on the market without any interest can be incredibly frustrating. Unfortunately, that’s the reality for some sellers today. Recent data from the National Association of Realtors (NAR) shows that the average time homes are staying on the market has risen in recent years (check out the
After months of waiting on the sidelines due to high mortgage rates and affordability concerns, many prospective homebuyers finally have a window of opportunity. With mortgage rates trending downward, the current market presents a sweet spot for buyers—but this moment may be fleeting. If you’ve been holding off on your
Deciding Whether to Buy Now or Wait? Here’s What You Should Consider. Waiting for interest rates to dip further might seem tempting, but it could mean facing stiffer competition and rising home prices as more buyers re-enter the market. On the other hand, buying now allows you to get ahead
When it comes to buying or selling a home, choosing the right real estate agent can make all the difference. The agent you work with will shape your entire experience and significantly impact how smooth the process is. As you search for the perfect agent, it’s crucial to know what
Should You Buy a Home Now or Wait? Here’s What to Consider. Deciding whether to buy a home now or hold off is a common dilemma many face today. While the right choice depends on your personal circumstances, there’s an important factor worth considering. The moment you purchase a home,
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