VIDEO-Are We In a Housing Bubble? Spring is usually the busiest season in the housing market. Many buyers wait until then to make their move, believing it’s the best time to find a home. However, that isn’t always the case when you factor in the competition you could face with other buyers at that time of year. If you’re ready to buy a home, here’s why it makes sense to move before the spring market picks up. VIDEO-Are We In a Housing Bubble - Spring Should Bring a Wave of Buyers to the Market VIDEO-Are we in a housing bubble? In most years, the housing market goes through predictable seasonal trends in activity. Winter is typically a quiet point in the year, while spring sees a surge of buyers begin their search. And experts project that this year will be no exception. Right now, buyer... 01/26/2023

If you’ve seen Today's Foreclosure Headlines about distressed sales surging in the housing market, you’re certainly not alone. The stories in the media can be pretty confusing right now. They may even make you think twice about buying a home for fear that prices could crash. The reality is, the data shows a foreclosure crisis is not where the market is headed. You need to understand what that really means if you want to know the truth about what’s happening today. Here’s a deeper look.Proper ContextAccording to the Year-End 2022 U.S. Foreclosure Market Report from ATTOM, foreclosure filings are up 115% from 2021, but down 34% from 2019. As Today's Foreclosure Headlines grab onto this 115% increase, it’s more important than ever to put that percentage into context.The number of Today's F... 01/25/2023

If you’ve been following the housing market over the last couple of years, you’ve likely heard about growing affordability challenges. 3 Factors that affect home affordability will be discussed in today's blog. But according to experts, the key factors that determine housing affordability are projected to improve this year. Selma Hepp, Executive, Deputy Chief Economist at CoreLogic, shares:“. . . with slowly improving affordability and a more optimistic economic outlook than previously believed, the housing market could show resilience in 2023.”The three measures used to establish home affordability are home prices, mortgage rates, and wages. Here’s a closer look at each one.1. Mortgage Rates -#1 of 3 Factors That Affect Home AffordabilityMortgage rates shot up to over 7% last year, cau... 01/24/2023

Oh no, the real estate market’s shifting! Is it a “bubble” about to pop? Will prices come crashing down? How much higher will mortgage rates go? Will they come down again? Is it a buyers’ market, or are sellers still in the driver seat?All of that may sound custom tailored to the current market, but those are concerns homeowners, buyers, and agents alike all ponder on a recurring basis. The real estate market is constantly changing, and every few years it goes through a fairly significant shift.Successful agents who stand the test of time don’t rely on a “hot” market or favorable headlines about real estate. They know times can get tough, and the market is never absolutely ideal for every potential buyer, seller, or homeowner. But it’s always a good market for some people to buy or sell... 01/27/2023