Homes By Anil

06/22/2024

Thinking about selling your house without an agent?

You should know there are some major downsides.

You’d miss out on marketing tools, expert pricing, top-notch negotiation skills, and the know-how to handle all the fine print.

Why take on all that stress alone? Let’s chat and make sure you have the support you need.

06/21/2024

The Downsides of Selling Your House Without an Agent

There are downsides to selling your house without an agent. You’ll have limited marketing tools, a greater risk of mistakes with pricing and contracts, and more. That’s a lot to take on. Save yourself time and stress by hiring a pro.

06/20/2024

Homebuilders Aren’t Overbuilding, They’re Catching Up

You may have heard that there are more brand-new homes available right now than the norm. Today, about one in three homes on the market are newly built. And if you’re wondering what that means for the housing market and for your own move, here’s what you need to know.

Why This Isn’t Like 2008

People remember what happened to the housing market back in 2008. And one of the factors that contributed to that crash was that there were too many homes for sale. While only part of the oversupply back then came from builders, the lasting impact is that some people still feel uneasy when they hear new home construction has ramped up.

Even though the supply of new homes has grown this year, the data shows there’s no need to worry. Builders aren’t overbuilding, they’re just catching up.

New Home Construction May Be at Its Peak for the Year

Builders remember what...

You may have heard that there are more brand-new homes available right now than the norm.

06/19/2024

Worried About Mortgage Rates? Control the Controllables

Chances are you’re hearing a lot about mortgage rates right now. You may even see some headlines talking about last week’s Federal Reserve (the Fed) meeting and what it means for rates. But the Fed doesn’t determine mortgage rates, even if the headlines make it sound like they do.

The truth is, mortgage rates are impacted by a lot of factors: geo-political uncertainty, inflation and the economy, and more. And trying to pin down when all those factors will line up enough for rates to come down is tricky.

That’s why it’s generally not worth it to try to time the market. There’s too much at play that you can’t control. The best thing you can do is control the controllables.

And when it comes to rates, here’s what you can influence to make your moving plans a reality.

Your Credit Score

Credit scores can play a big role in your mortgage rate. That’s why it’s even...

Chances are you’re hearing a lot about mortgage rates right now.

06/18/2024

Why Real Estate Is Still the Best Long-Term Investment

For the 12th year in a row, real estate has been voted the best long-term investment. So, if you’re ready to buy a home and invest in your future, let’s connect.

06/17/2024

Do Elections Impact the Housing Market?

The 2024 Presidential election is just months away. As someone who’s thinking about potentially buying or selling a home, you’re probably curious about what effect, if any, elections have on the housing market.

Home Sales

During the month of November, in years when the Presidential election takes place, there’s typically a slight slowdown in home sales. As Ali Wolf, Chief Economist at Zonda, explains: “Usually, home sales are unchanged compared to a non-election year with the exception being November. In an election year, November is slower than normal.”

Home Prices

What about home prices? Do they drop during election years? Not typically. As residential appraiser and housing analyst Ryan Lundquist puts it: “An election year doesn’t alter the price trend that is already happening in the market.”

Mortgage Rates

Mortgage rates are important because they affect how much your...

The 2024 Presidential election is just months away.

06/16/2024

If you’re seeing headlines about sellers slashing prices and are worried about what that means for home values, let's clear things up.

There’s a difference between the asking price and the sold price.

While more sellers are adjusting their asking price, that’s a signal of moderating demand – not falling home values.

As this graphic shows, actual sold prices are still climbing.

06/15/2024

Real Estate Is Still the Best Long-Term Investment [INFOGRAPHIC]

According to a recent poll from Gallup, real estate has been voted the best long-term investment for twelve straight years. That’s because a home is so much more just than a roof over your head. It’s also an asset that typically grows in value over time. If you’ve been debating if it makes more sense to rent or buy, DM me to talk about why homeownership can be a better bet in the long run.

According to a recent poll from Gallup, real estate has been voted the best long-term investment for twelve straight years.

06/14/2024

Home Prices Aren’t Declining, But Headlines Might Make You Think They Are

If you’ve seen the news lately about home sellers slashing prices, it’s a great example of how headlines do more to terrify than clarify. Here’s what’s really happening with prices.

The key is knowing the difference between the asking price and the sold price.

Understanding Asking Price vs. Sold Price

In essence, the asking price, also known as a listing price, is the amount a seller hopes to get for their home when they list it. In reality, sellers can’t just put any price tag on their house and expect it to sell for top dollar.

Here’s the most important thing to note: Actual sold prices are still rising, and they’re expected to continue to do so at least over the next 5 years.

What Does This Mean for Home Prices?

So, while there's been an increase in price reductions recently, this doesn't mean overall home values are declining.

Why This...

If you’ve seen the news lately about home sellers slashing prices, it’s a great example of how headlines do more to terrify than clarify.

06/13/2024

This isn’t like 2008. Builders aren’t overbuilding, they’re just catching up.

This graph shows there’s a gap to make up after over a decade of not building enough homes.

Plus, builders are focusing on completing what’s already started versus breaking ground on a whole lot of new homes. This means they’re being mindful and that’s a good thing.

Have questions? Let’s chat.