Andrew Graves, Full Service Real Estate

11/07/2022

Do your prefer to host Thanksgiving or go to someone else's house and why?

02/14/2022

Who liked the Super Bowl Halftine Show?

Millennials represent 2/3 of first time mortgage apps.

06/11/2021

According to a recent report from Black Knight data, the annual rate of home price growth hit 14.8%. The top five markets with the biggest growth are (1) Austin at 24.9%, (2) Phoenix at 24.4%, (3) Riverside at 22.3%, (4) Seattle at 20.8%, and (5) Sacramento at 20.8%. These levels of appreciation are not sustainable and are nearing the tipping point where affordability issues will slow the appreciation.
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A 26 percent drop in new listing volume is likely to "create noticeable headwinds for both purchase lending and existing home sale volumes in coming months."

05/26/2021

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04/30/2021

It's a seller's market, but selling a home can still be overwhelming. There's no reason to do it alone. I'm here to help. If you're thinking of selling, let's talk today. #85260

04/10/2021

03/19/2021

The only place prices didn’t increase was San Francisco, where they were flat from a year ago.

Basically People who have lived in large metro areas of high tax states are fleeing to low tax stats suburban areas and paying top dollar. People who have been renting or living in large city centers are moving up to buy in those suburban areas. So while most of the country is seeing a housing boom, expect large expensive cities like NY and SF to see flat or very modest appreciation compared to the rest of the country.

TL:DR The high appreciation in the housing market is due to high demand and low supply, and as long as supply does not outpace demand we will likely not see a bubble. Times are different than the early 00's.

Home prices were up 14.4% in February compared to 2020. While some buyers are overpaying, few see signs of a housing bubble.

03/12/2021

Bottom line: Interest rates are working their way back up. But they are still historically low. We have been anticipating an interest rate hike for a couple of years now, thinking it couldn't go any lower but it kept dropping. The the pandemic hit and rates were kept low to keep the economy somewhat stable. Now as recovery picks up and we are on the turn seemingly for the better, we can expect interest rates to rise. If your interest rate is 4% or higher, it might be time to consider refinancing. If you are on the fence about buying, now may be the time to consider to start looking for your next home. a .25% increase can affect your buying power by almost $20,000.

*I do not personally endorse either lender mentioned in the article, I recommend seeking consultation from a licensed local lender who is familiar with your market. If you need a recommendation I have a few

https://www.fool.com/the-ascent/mortgages/landing/last-chance/?utm_site=theascent&utm_campaign=ta-cc-co-mb-better-03122021-5-na-na&utm_medium=cpc&utm_source=mb&testId=ta-mort-better&cellId=3&campaign=the-ascent

03/11/2021

6 Simple Graphs Proving This Is Nothing Like Last Time
Last March, many involved in the residential housing industry feared the market would be crushed under the pressure of a once-in-a-lifetime pandemic. Instead, real estate had one of its best years ever. Home sales and prices were both up substantially over the year before. 2020 was so strong that many now fear the market’s exuberance mirrors that of the last housing boom and, as a result, we’re now headed for another crash.
However, there are many reasons this real estate market is nothing like 2008. Here are six visuals to show the dramatic differences.
1...

Last March, many involved in the residential housing industry feared the market would be crushed under the pressure of a once-in-a-lifetime pandemic. Instead, real estate had one of its best years ever. Home sales and prices were both up substantially over the year before. 2020 was so strong that ma...

03/02/2021

Home prices are still expected to rise. Buyers can still get into the home of their dreams. For an outside of the box strategy, DM me! I'd be happy to serve