ProbateBlog

08/29/2023

Why You May Still Want To Sell Your House After All

Even though you may feel reluctant to sell your house because you don’t want to take on a mortgage rate that’s higher than the one you have now, there’s more to consider. While the financial side of things does matter, your personal needs may actually matter just as much.

So, ask yourself this: why did I want to move in the first place?

Chances are your primary motivation wasn’t just financial in nature. Why you’re really thinking about selling likely has more to do with something changing in your life or a shift in what you need out of your house.

Reasons Homeowners Still Need To Sell Today

Let’s explore some of the most common reasons sellers are moving today. A recent article from Builder Online helps shed light on this. In this research, they identified the following categories:
• Marriage
• Divorce
• Births
• Deaths
• Retirement

You may find...

Even though you may feel reluctant to sell your house because you don’t want to take on a mortgage rate that’s higher than the one you have now, there’s more to consider.

08/28/2023

About 11,000 Homes Will Be Sold Today

About 11,000 homes will be sold today. The market is active. Let’s connect to sell your house when you’re ready.

08/28/2023

Gen Z: The Next Generation Is Making Moves in the Housing Market

Generation Z (Gen Z) is eager to put down their own roots and achieve financial independence. As a result, they’re turning to homeownership. According to the latest Home Buyers and Sellers Generational Trends Report from the National Association of Realtors (NAR), 30% of Gen Z buyers transitioned straight from living under their parents' roofs to owning their own homes.

If you’re a member of this generation, and you’re interested in pursuing your own dream of homeownership, here’s some information you may find helpful on why and where your peers are buying.

The Reasons Gen Z Want To Become Homeowners

A recent survey by Rocket Mortgage identifies some of the top motivators driving Gen Z buyers to purchase a home: “Of those surveyed, 34% said that starting or growing their family was their main motivation to buy a home. . . . Along with growing a...

Generation Z (Gen Z) is eager to put down their own roots and achieve financial independence.

08/27/2023

Worried about a potential wave of foreclosures impacting the housing market? Don't be. Recent data shows the percentage of homeowners significantly behind on their mortgage payments is declining and is currently at an all-time low. Rest assured, this is one reason we're not heading for a repeat of the crash back in 2008.

08/27/2023

Some of the home price terms in the news can be confusing. Here’s what you need to know. The latest data shows, nationally, home prices are appreciating or growing. As we move toward the end of the year, prices will continue to rise, just at a slower pace. That’s called deceleration of appreciation. If you have questions about home prices, DM me.

08/26/2023

Why Median Home Sales Price Is Confusing Right Now

The National Association of Realtors (NAR) is set to release its most recent Existing Home Sales (EHS) report tomorrow. This monthly release provides information on the volume of sales and price trends for homes that have previously been owned. In the upcoming release, it’ll likely say home prices are down. This may seem a bit confusing, especially if you’ve been following along and reading the blogs saying home prices have hit the bottom and have since rebounded.

So, why would this say home prices are falling when so many other price reports say they’re going back up? It all depends on the methodology of each one. NAR reports on the median home sales price, while some other sources use repeat sales prices.

Bill McBride, Author of the Calculated Risk blog, sums the difference up like this: “Median prices are distorted by the mix and repeat sales indexes like...

The National Association of Realtors (NAR) is set to release its most recent Existing Home Sales (EHS) report tomorrow.

08/26/2023

If you can’t find an affordable home in your immediate area, it may be time to cast a wider net. Whether you expand your search radius by a little bit or a lot, it could be just what you need to open up new possibilities. Need help knowing where to look? DM me for advice that’s specific to our area, so we can explore your options together.

08/25/2023

Today’s Housing Market Has Only Half the Usual Inventory [INFOGRAPHIC]

There are only about half the number of homes for sale compared to the last normal years in the market. That means buyers don’t have enough options right now. So, if you work with an agent to list your house, it should be in the spotlight. If you're thinking of selling, DM me so your house can stand out while there’s such a shortage of supply and buyers are craving more options.

08/25/2023

Are you dreaming of a home with more updates and different features? Or, do you need additional space as your household grows? If so, you're not alone. These are some of the top reasons homeowners just like you are deciding to sell their houses and make a move. DM me to chat about finding a home that better fits your evolving needs.

08/24/2023

More Jobs and Better Pay Leads to More Buyer Demand

There’s been talk about a recession for quite a while now. But the economy has been remarkably resilient. Why? One reason is employment and wages have stayed strong. Let’s look at the latest information on each one and why both are good news if you’re thinking about selling your house.

More Jobs Are Being Created

Instead of facing the job losses typical of any recession, the economy has been growing and adding jobs. According to the Bureau of Labor Statistics (BLS), 187,000 jobs were created in July, which is up from the 185,000 created in June. That means more people are finding work. In fact, so many jobs are being added that the unemployment rate is far lower than the long-term average of 5.7%.

A low unemployment rate means that most people who want to work are finding jobs. When people have jobs, they have steady incomes – and that can help set them up...

There’s been talk about a recession for quite a while now.

08/24/2023

Even with mortgage rates where they are, a lot of people are still buying homes right now. That’s because, no matter what, people will always have reasons they need to move. If you’re thinking of selling, let’s chat so we can get your house in front of today’s homebuyers. The market is active, and homes are selling. Let’s make yours one of them.

08/23/2023

In recent years, homeowner equity has gotten a big boost as home prices rose. As a result, you may have even more equity than you think. Don’t believe me? Right now, over two-thirds of homeowners have at least 50% equity in their homes. That’s huge. Want to find out how much you have and how it can help you when you move? DM me today.