No one really knows if it is the RIGHT time to purchase a home but there are better times for one to purchase a home depending on their circumstances. Over the past year interest rates were at an all time low. This made it very inviting for homebuyers. Their interest rate was low making their payments low. But at the same time there were way fewer homes on the market making the process of getting...
Real Estate
The signs are clear and causing alarm: The U.S. may be on the verge of entering a recession. Even with low unemployment and a tight labor market, persistent inflation, slowing growth, and rising interest rates have many economists, investors, and policymakers girding for a sustained economic downturn. If a recession hits, will the housing market tank? After all, in the past two years the housing...
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Checkout this article in the Albuquerque Journal written by Stephen Hamway, Journal Staff Writer. "Limited inventory and strong demand for new homes have caused prices to skyrocket in what was once one of the West’s more leisurely housing markets." "In May, the median price for a single-family detached home in metro Albuquerque reached $290,000 – a market record and a staggering 26.1% increase...
Recall the TV shows on selling a home, curb appeal is very important as it gets a buyer to stop and want to walk into the home. Once inside, a clean, well arranged home can put your buyer looking at making an offer. Below are some steps one can do to accomplish just that. Exterior * Keep the grass cut and remove all yard clutter. * Weed and apply fresh mulch to flower beds. * Apply fresh paint...
May 11, 2021 It’s clear that consumers are concerned about how quickly home values are rising. Many people fear the speed of appreciation may lead to a crash in prices later this year. In fact, Google reports that the search for “When is the housing market going to crash?” has actually spiked 2450% over the past month. In addition, Jim Dalrymple II of Inman News notes: “One of the...
May 04 2021 The 2021 spring housing market can be summed up to two extremes better suited for a primetime TV medical drama than an economic snapshot: the sellers market is on steroids, while the buyers markets are on life support. Why so extreme? Real estate laws of supply and demand dictate that rising demand reduces the number of homes for sale and increase prices. Higher prices then motivate...
Where you buy not only affects the home’s current and future value, but it also affects your lifestyle. Your agent will be able to conduct a more targeted home search if you outline your preferences in neighborhoods and nearby amenities. Here’s a checklist of items you should consider and communicate to your chosen real estate agent. * Urban, suburban or rural * Commute time * School...