Jesse Scott

05/01/2024

The number of homes for sale is playing a big role in today’s housing market. And, if you’re considering whether or not to list your house, today’s limited supply is one of the biggest advantages you have right now. That’s because your house stands out more when the inventory is low, especially if it’s priced right.

But the supply of homes for sale is growing. As Realtor.com says: “. . . sellers turned out in higher numbers this March as newly listed homes were 15.5% above last year’s levels. This marked the fifth month of increasing listing activity after a 17-month streak of decline.”

What This Means for You

If you’ve been putting off selling your house, maybe it’s time to start thinking about it again – before your neighbors do. While we’re not going to suddenly have a surplus of homes for sale, each house that pops on the market in your area runs the risk of pulling buyer attention away from yours.

For example, if your...

The number of homes for sale is playing a big role in today’s housing market.

01/29/2024

If you're choosing between renting or buying a home this year, consider that homeownership can be a significant wealth-building tool. Let’s connect so you can learn more about how buying a home can increase your net worth over time.

01/26/2024

Saving for the down payment on your first home may seem challenging, but resources are available to make it easier. There are many programs that offer down payment assistance and help with closing costs. If you qualify, you could be one step closer to reaching your homeownership goal. DM me if you're a first-time buyer looking for guidance—I'm here to help.

01/24/2024

If you’re worried home prices will drop, here’s some good news. More than 100 experts project they’ll keep going up through 2028. That means if you buy now, your home's value – and your equity – could get a nice boost. Let’s connect to talk about what’s happening with home prices in our area.

01/22/2024

Buying a home is a big deal and can feel especially complicated if you don't know the terms used during the process. If you want to become a homeowner this year, it's a good idea to learn these key housing terms and understand how they relate to the current housing market. That will help you feel confident when you buy a home. Let’s connect so you can get expert help with any questions you have.

Buying a home is a big deal and can feel especially complicated if you don't know the terms used during the process.

01/19/2024

Thinking of buying a home this year? Time to be strategic. With the current affordability challenges and limited housing supply, finding a home that suits your needs and fits your budget requires some thoughtful planning. Let's chat about your priorities and ensure your housing decision aligns with your long-term goals.

01/17/2024

If you’ve been holding off on selling your house to make a move because you felt mortgage rates were too high, their recent downward trend is exciting news for you. Mortgage rates have descended since last October when they hit 7.79%. In fact, they’ve been below 7% for over a month now.

And while they’re not going back to the 3% we saw during the ‘unicorn’ years, they are expected to continue to go down from where they are now in the near future.

You May Not Feel as Locked-In to Your Current Mortgage Rate

With mortgage rates already significantly lower than they were just a few months ago, you may feel less locked-in to the current mortgage rate you have on your house. With rates dropping, the difference between your current mortgage rate and the new rate you’d be taking on isn’t as big as it was. That makes moving more affordable than it was just a few months ago. As Lance Lambert, Founder of ResiClub...

If you’ve been holding off on selling your house to make a move because you felt mortgage rates were too high, their recent downward trend is exciting news for you.

01/15/2024

Buying a home is a powerful decision, and it remains at the heart of the American Dream. Let’s explore just a few of the reasons why so many Americans continue to value homeownership.

The Financial Benefits of Owning a Home

One possible reason homeownership is viewed so highly is because owning a home is a significant wealth-building tool. Over time, owning a home not only helps boost your own net worth, but it also sets future generations up for success as you pass that wealth down.

It can also provide meaningful financial stability compared to renting. When you buy with a fixed-rate mortgage, you can lock in your monthly housing payments for the length of your home loan.

The Non-Financial Benefits of Homeownership

But, owning a home offers more than just financial benefits—it benefits you socially and emotionally too. Your home provides feelings of achievement, responsibility, and more.

What Does That...

Buying a home is a powerful decision, and it remains at the heart of the American Dream.

01/12/2024

The asking price for your house can greatly affect your bottom line and how fast your house sells. Let’s connect so we can find the right price for your house.

01/10/2024

If you’re thinking of buying a home this year, you’re probably paying closer attention than normal to the housing market. Here are the top two questions you need to ask yourself as you make your decision, including the data that helps cut through the noise.

1. Where Do I Think Home Prices Are Heading?

One reliable place you can turn to for information on home price forecasts is the Home Price Expectations Survey from Fannie Mae – a survey of over one hundred economists, real estate experts, and investment and market strategists.

According to the most recent release, the experts are projecting home prices will continue to rise at least through 2028. And home prices rising, even at a more moderate pace, is good news not just for the market, but for you too.

2. Where Do I Think Mortgage Rates Are Heading?

Over the past year, mortgage rates spiked up in response to economic uncertainty, inflation, and more...

If you’re thinking of buying a home this year, you’re probably paying closer attention than normal to the housing market.

01/08/2024

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.

This recent trend is great news for buyers. As a recent article from Bankrate says: “The rate cool-off somewhat eases the housing affordability squeeze.”

And according to Edward Seiler, AVP of Housing Economics and Executive Director of the Research Institute for Housing America at the Mortgage Bankers Association (MBA): “MBA expects that affordability conditions will continue to improve as mortgage rates decline . . .”

Here’s a bit more context on how this could help with your plans to buy a home.

How Mortgage Rates Affect Your Search for a Home

Understanding the connection between mortgage rates and your monthly home payment is...

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.

01/05/2024

Has your dream of homeownership been on pause? Now might be the best time to jumpstart your search before the spring market heats up. When you’re ready to explore options in our area, let's connect and turn your homeownership dream into a reality.