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Articles by KCM Crew
Smaller Homes, Bigger Opportunities: The Homebuilder Trend Buyers Love
It’s no secret that affordability is tough with where mortgage rates and home prices are right now. And that may have you worried about how you’ll be able to buy a home. But, if you don’t need a ton of space, you may find you have more cost-effective options in an unexpected place: new home communities.
If Your House’s Price Is Not Compelling, It’s Not Selling
There’s one big mistake you need to avoid when you sell your house this year: setting your price too high. It might seem like overpricing gives you room to negotiate or could really boost your profit, but the reality is, it usually backfires. In fact, Realtor.com says almost 20% of sellers — that’s one in five — have to reduce their price to get their house sold. And you don’t want to be one of them. Here’s why starting too high can lead to trouble, and how to avoid it.
Your Agent Is the Key To Pricing Your House Right [INFOGRAPHIC]
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What Is Going on with Mortgage Rates?
You may have heard mortgage rates are going to stay a bit higher for longer than originally expected. And if you’re wondering why, the answer lies in the latest economic data. Here’s a quick overview of what’s happening with mortgage rates and what experts say is ahead. Economic Factors That Impact Mortgage Rates When it comes to mortgage rates, things like the job market, the pace of inflation, consumer spending, geopolitical uncertainty, and more all have an impact.
What Lower Mortgage Rates Mean for Your Purchasing Power
If you want to buy a home, it’s important to know how mortgage rates impact what you can afford and how much you’ll pay each month. Fortunately, rates for 30-year fixed mortgages have come down significantly since the end of October and are currently under 7%, according to Freddie Mac (see graph below): This recent trend is great news for buyers.
Why Pre-Approval Is Your Homebuying Game Changer
If you’re thinking about buying a home, pre-approval is a crucial part of the process you definitely don’t want to skip. So, before you start picturing yourself in your new living room or dining on your future all-season patio, be sure you’re working with a trusted lender to prioritize this essential step. Here’s why. While home price growth is moderating and mortgage rates have been coming down in recent weeks, affordability is still tight.
Real Estate Syndication vs. REIT: Which is Best For Passive Income? — RE-INSIDER -
Adding passive income sources to your investments is a key way to grow your wealth. While investing directly in real estate is a great way to diversify your portfolio, passive investments are key to growing your wealth further. Two commonly compared options are real estate syndication vs. REIT. Understanding the two and their differences is important when deciding how to invest your capital. A real estate syndication is a group of investors with one sponsor who invests in a property.
Title Insurance: The Complete Guide — RE-INSIDER -
Title insurance is one of the most important ways to protect your real estate investment, although deciding whether lender and owner policies are necessary can be challenging. If you end up with a property with a defective title and don’t have title insurance, you risk losing the house and/or thousands of dollars, depending on the situation.
Home Prices Are Not Falling
During the fourthquarter of last year, some housing experts projected home prices were going to crash in 2023. The media ran with those forecasts and put out headlines calling for doom and gloom in the housing market. All of this negative news coverage made a lot of people have doubts about the strength of the residential real estate market. If it made you question if you should delay your own plans to move, here’s what you really need to know.
17 Questions to Ask an Investor-Friendly Real Estate Agent — RE-INSIDER -
When looking for an investor-friendly real estate agent, you should ask different questions than if you were buying a primary residence. Purchasing investment properties requires different factors, decisions, and calculations that regular real estate agents don’t use. A real estate license isn’t enough to qualify agents to help you with real estate investment purchases.
Why Today’s Housing Inventory Shows a Crash Isn’t on the Horizon
You might remember the housing crash in 2008, even if you didn’t own a home at the time. If you’re worried there’s going to be a repeat of what happened back then, there’s good news – the housing market now is different from 2008. One important reason is there aren’t enough homes for sale. That means there’s an undersupply, not an oversupply like the last time. For the market to crash, there would have to be too many houses for sale, but the data doesn’t show that happening.
Equity Is a Game Changer for Homeowners Looking To Sell
If you’re a homeowner, you might be torn on whether or not to sell your house right now. Maybe that’s because you don’t want to take on a higher mortgage rate on your next home. If that’s your biggest hurdle, understanding your equity may be exactly what you need to help you feel more comfortable making your move. What Equity Is and How It Works Equity is the current value of your home minus what you owe on the loan. And recently, that equity has been growing far faster than you may expect.
About 11,000 Houses Will Sell Today
Some homeowners have been waiting for months to put their house on the market because they don’t think people are buying homes right now. If that’s you, know that even though the housing market has slowed compared to the frenzy of a couple of years ago, it isn’t at a standstill. Contrary to what you may believe, buyers are still active and plenty of homes are selling right now.
There's Only Half the Inventory of a Normal Housing Market Today
Wondering if it still makes sense to sell your house right now? The short answer is, yes. Especially if you consider how few homes there are for sale today. You may have heard inventory is low right now, but you may not fully realize just how low or why that’s a perk when you go to sell your house.
How To Know If You’re Ready to Buy a Home
If you’re trying to decide if you’re ready to buy a home, there’s probably a lot on your mind. You’re thinking about your finances, today’s mortgage rates and home prices, the limited supply of homes for sale, and more. And, you’re juggling how all of those things will impact the choice you’ll make. While housing market conditions are definitely a factor in your decision, your own life and your finances may be even more important.
The Best Time To Sell Your House Is When Others Aren’t Selling
If you’re thinking about selling your house, you should know the number of homes for sale right now is low. That’s because, this season, there are fewer sellers listing their houses for sale than the norm. Looking back at every April since 2017, the only year when fewer sellers listed their homes was in April 2020, when the pandemic hit and stalled the housing market (shown in red in the graph below). In more typical years, roughly 500,000 sellers add their homes to the market in April.
Why Today’s Housing Market Is Not About To Crash
There’s been some concern lately that the housing market is headed for a crash. And given some of the affordability challenges in the housing market, along with a lot of recession talk in the media, it’s easy enough to understand why that worry has come up. But the data clearly shows today’s market is very different than it was before the housing crash in 2008. Rest assured, this isn’t a repeat of what happened back then. Here’s why.
Buyer Activity Is Up Despite Higher Mortgage Rates
If you’re a homeowner thinking about making a move, you may wonder if it’s still a good time to sell your house. Here’s the good news. Even with higher mortgage rates, buyer traffic is actually picking up speed.
Facts About Closing Costs [INFOGRAPHIC]
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The Two Big Issues the Housing Market’s Facing Right Now
The biggest challenge the housing market’s facing is how few homes there are for sale. Mark Fleming, Chief Economist at First American, explains the root causes of today’s low supply: Let’s break down these two big issues in today’s housing market. Rate-Locked Homeowners According to the Federal Housing Finance Agency (FHFA), the average interest rate for current homeowners with mortgages is less than 4% (see graph below): But today, the typical mortgage rate offered to buyers is over 6%.
The Spring Housing Market Could Be a Sweet Spot for Sellers [INFOGRAPHIC]
Some Highlights The biggest challenge in the housing market is how few houses there are for sale compared to the number of people who want to buy. The number of homes for sale is up from last year but below pre-pandemic numbers, and that means we’re still in a sellers’ market. The housing market needs more homes for sale to meet the demand of today’s buyers. If you’ve thought about selling, now’s the time to connect with a local expert.
Wondering What’s Going on with Home Prices?
The recent changes in home prices are top of mind for many as the housing market begins gearing up for spring. It can be hard to navigate misleading headlines and confusing data, so here’s what you should know about today’s home prices. Local price trends still vary by market. But looking at national data, Nataliya Polkovnichenko, Ph.D., Supervisory Economist at the Federal Housing Finance Agency (FHFA), explains: Month-over-month home price changes can be seen in the chart below.
Here’s to a Wonderful 2023!
Tera Lisicky, M.Ed.REALTORKeller WilliamsSpring Hill, TN(615) 807-0083Tera Lisicky is a local real estate agent with Keller Williams Realty based out of Middle Tennessee. Tera, along with her husband, 2 sons, and dog moved to Tennessee from southern California in early 2021. Since falling in love with Tennessee, she has helped other families relocating to Tennessee navigate the process.
Applying For a Mortgage? Here’s What You Should Avoid Once You Do.
While it’s exciting to start thinking about moving in and decorating after you’ve applied for your mortgage, there are some key things to keep in mind before you close. Here’s a list of things you may not realize you need to avoid after applying for your home loan. Don’t Deposit Large Sums of Cash Lenders need to source your money, and cash isn’t easily traceable. Before you deposit any amount of cash into your accounts, discuss the proper way to document your transactions with your loan officer.
Financial Fundamentals for First-Time Homebuyers
Are you prepping to buy your first home? If so, one of the steps you should take early on is making sure you’re financially ready for your purchase. Here are just a few of the financial fundamentals you’ll need to focus on as you set out to buy a home. Build Your Credit Your credit is one element that helps determine which home loan you’ll qualify for. It also impacts your mortgage interest rate.
Thank You for All of Your Support
AGENTS: Did you know you can share a personalized version of this post? Learn more! https://files.keepingcurrentmatters.com/wp-content/uploads/2022/11/22140920/Winter-Thankful-Holiday-KCM-Share.png 410 750 KCM Crew https://assets.keepingcurrentmatters.com/wp-content/uploads/2017/01/KCMBannerNoWebsiteDarkLarge.png KCM Crew2022-12-23 06:30:102022-11-22 15:48:40Thank You for All of Your Support
Thank You for All of Your Support
Tera Lisicky, M.Ed.REALTORKeller WilliamsSpring Hill, TN(615) 807-0083Tera Lisicky is a local real estate agent with Keller Williams Realty based out of Middle Tennessee. Tera, along with her husband, 2 sons, and dog moved to Tennessee from southern California in early 2021. Since falling in love with Tennessee, she has helped other families relocating to Tennessee navigate the process.
What To Expect From the Housing Market in 2023
The 2022 housing market has been defined by two key things: inflation and rapidly rising mortgage rates. And in many ways, it’s put the market into a reset position. As the Federal Reserve (the Fed) made moves this year to try to lower inflation, mortgage rates more than doubled – something that’s never happened before in a calendar year. This had a cascading impact on buyer activity, the balance between supply and demand, and ultimately home prices.
Homeowners Still Have Positive Equity Gains over the Past 12 Months
If you’re a homeowner, your net worth got a big boost over the past few years thanks to rapidly rising home prices. Here’s how it happened and what it means for you, even as the market moderates. Equity is the current value of your home minus what you owe on the loan. Because there was a significant imbalance between the number of homes available for sale and the number of buyers looking to make a purchase over the past few years, home prices appreciated substantially.
2023 Housing Market Forecast [INFOGRAPHIC]
Tera Lisicky, M.Ed.REALTORKeller WilliamsSpring Hill, TN(615) 807-0083Tera Lisicky is a local real estate agent with Keller Williams Realty based out of Middle Tennessee. Tera, along with her husband, 2 sons, and dog moved to Tennessee from southern California in early 2021. Since falling in love with Tennessee, she has helped other families relocating to Tennessee navigate the process.
Ready To Sell? Today’s Housing Supply Gives You Two Opportunities.
At first glance, the increase in housing supply compared to last year may not sound like good news for prospective sellers, but it actually gives you two key opportunities in today’s housing market. An article from Calculated Risk helps put the inventory gains the market has seen in 2022 into perspective by comparing it to recent years (see graph below). It shows supply has surpassed 2021 levels by 58%. But the further back you look, the more you’ll understand the bigger picture.
What Every Seller Should Know About Home Prices
If you’re trying to decide whether or not to sell your house, recent headlines about home prices may be top of mind. And if those stories have you wondering what that means for your home’s value, here’s what you really need to know. What’s Really Happening with Home Prices? It’s possible you’ve seen news stories mentioning a drop in home values or home price depreciation, but it’s important to remember those headlines are designed to make a big impression in just a few words.
Reasons To Sell Your House This Season [INFOGRAPHIC]
The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. and Keeping Current Matters, Inc. do not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. and Keeping Current Matters, Inc.
Key Advantages of Buying a Home Today
There’s no doubt buying a home today is different than it was over the past couple of years, and the shift in the market has led to advantages for buyers today. Right now, there are specific reasons that make this housing market attractive for those who’ve thought about buying but have sidelined their search due to rising mortgage rates.
What’s Going on with Home Prices? Ask a Professional.
If you’re thinking about buying or selling a home this year, you may have questions about what’s happening with home prices today as the market cools. In the simplest sense, nationally, experts don’t expect prices to come crashing down, but the level of home price moderation will depend on factors like supply and demand in each local market. That means, moving forward, home price appreciation will continue to vary by location, with more significant changes happening in overheated areas.
Winter Home Selling Checklist [INFOGRAPHIC]
Tera Lisicky, M.Ed.REALTORKeller WilliamsSpring Hill, TN(615) 807-0083Tera Lisicky is a local real estate agent with Keller Williams Realty based out of Middle Tennessee. Tera, along with her husband, 2 sons, and dog moved to Tennessee from southern California in early 2021. Since falling in love with Tennessee, she has helped other families relocating to Tennessee navigate the process.
Why There Won’t Be a Flood of Foreclosures Coming to the Housing Market
With the rapid shift that’s happened in the housing market this year, some people are raising concerns that we’re destined for a repeat of the crash we saw in 2008. But in truth, there are many key differences between what’s happening today and the bubble in the early 2000s. One of the reasons this isn’t like the last time is the number of foreclosures in the market is much lower now. Here’s a look at why there won’t be a wave of foreclosures flooding the market.
3 Ways You Can Use Your Home Equity
If you’re a homeowner, odds are your equity has grown significantly over the last few years as home prices skyrocketed and you made your monthly mortgage payments. Home equity builds over time and can help you achieve certain goals. According to the latest Equity Insights Report from CoreLogic, the average borrower with a home loan has almost $300,000 in equity right now.
Your House Could Be the #1 Item on a Homebuyer’s Wish List During the Holidays
Each year, homeowners planning to make a move are faced with a decision: sell their house during the holidays or wait. And others who have already listed their homes may think about removing their listings and waiting until the new year to go back on the market. The truth is many buyers want to purchase a home for the holidays, and your house might be just what they’re looking for. Here are five great reasons you shouldn’t wait to sell your house. 1.
Home Sweet Home: The Emotional Benefits of Homeownership [INFOGRAPHIC]
Tera Lisicky, M.Ed.REALTORKeller WilliamsSpring Hill, TN(615) 807-0083Tera Lisicky is a local real estate agent with Keller Williams Realty based out of Middle Tennessee. Tera, along with her husband, 2 sons, and dog moved to Tennessee from southern California in early 2021. Since falling in love with Tennessee, she has helped other families relocating to Tennessee navigate the process.
Thank You for Your Support
Tera Lisicky, M.Ed.REALTORKeller WilliamsSpring Hill, TN(615) 807-0083Tera Lisicky is a local real estate agent with Keller Williams Realty based out of Middle Tennessee. Tera, along with her husband, 2 sons, and dog moved to Tennessee from southern California in early 2021. Since falling in love with Tennessee, she has helped other families relocating to Tennessee navigate the process.
What Buyers Need To Know About the Inventory of Homes Available for Sale
If you’re thinking about buying a home, you’re likely trying to juggle your needs, current mortgage rates, home prices, your schedule, and more to try to decide if you want to jump into the market. If this sounds like you, here’s one key factor that could help you with your decision: there are more homes for sale today than there were at this time last year.
What Homeowners Want To Know About Selling in Today’s Market
If you’re thinking about selling your house, you’re likely hearing about the cooling housing market and wondering what that means for you. While it’s not the peak intensity we saw during the pandemic, we’re still in a sellers’ market. That means you haven’t missed your window.
Mortgage Rates Will Come Down, It’s Just a Matter of Time
This past year, rising mortgage rates have slowed the red-hot housing market. Over the past nine months, we’ve seen fewer homes sold than the previous month as home price growth has slowed. All of this is due to the fact that the average 30-year fixed mortgage rate has doubled this year, severely limiting homebuying power for consumers. And, this month, the average rate for financing a home briefly rose over 7% before coming back down into the high 6% range.
Should You Update Your House Before You Sell? Ask a Real Estate Professional. [INFOGRAPHIC]
AGENTS: Did you know you can share a personalized version of this post? Learn more! https://files.keepingcurrentmatters.com/wp-content/uploads/2022/11/16140119/Should-You-Update-Your-House-Before-You-Sell-Ask-A-Real-Estate-Professional-KCM-Share.png 410 750 KCM Crew https://assets.keepingcurrentmatters.com/wp-content/uploads/2017/01/KCMBannerNoWebsiteDarkLarge.png KCM Crew2022-11-18 06:30:332022-11-16 19:31:22Should You Update Your House Before You Sell? Ask a Real Estate Professional.
Should You Update Your House Before You Sell? Ask a Real Estate Professional. [INFOGRAPHIC]
Tera Lisicky, M.Ed.REALTORKeller WilliamsSpring Hill, TN(615) 807-0083Tera Lisicky is a local real estate agent with Keller Williams Realty based out of Middle Tennessee. Tera, along with her husband, 2 sons, and dog moved to Tennessee from southern California in early 2021. Since falling in love with Tennessee, she has helped other families relocating to Tennessee navigate the process.
Top Questions About Selling Your Home This Winter
There’s no denying the housing market is undergoing a shift this season, and that may leave you with some questions about whether it still makes sense to sell your house. Here are three of the top questions you may be asking – and the data that helps answer them – so you can make a confident decision. 1. Should I Wait To Sell? Even though the supply of homes for sale has increased in 2022, inventory is still low overall. That means it’s still a sellers’ market.
VA Loans: Making Homes for the Brave Achievable [INFOGRAPHIC]
Fred BruenCA DRE License # 00969867 Since 1987RE/MAX Parkside Real Estate711 12th St, Paso Robles, CA 93446805-235-4681Real Estate In Real Time Visit WebsiteGet in TouchCA DRE License # 00969867 Since 1987
VA Loans: Making Homes for the Brave Achievable [INFOGRAPHIC]
Tera Lisicky, M.Ed.REALTORKeller WilliamsSpring Hill, TN(615) 807-0083Tera Lisicky is a local real estate agent with Keller Williams Realty based out of Middle Tennessee. Tera, along with her husband, 2 sons, and dog moved to Tennessee from southern California in early 2021. Since falling in love with Tennessee, she has helped other families relocating to Tennessee navigate the process.
What’s Ahead for Mortgage Rates and Home Prices?
Now that the end of 2022 is within sight, you may be wondering what’s going to happen in the housing market next year and what that may mean if you’re thinking about buying a home. Here’s a look at the latest expert insights on both mortgage rates and home prices so you can make your best move possible. Mortgage Rates Will Continue To Respond to Inflation There’s no doubt mortgage rates have skyrocketed this year as the market responded to high inflation.
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