Gioia Property Partners

10/04/2024

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The Top 3 Reasons Affordability Is Improving

There are 3 big reasons affordability is improving today. Mortgage rates are coming down, home prices are moderating, and wages are rising. If you hit pause on your home search because it felt out of reach, maybe it’s time to dive back in.



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10/03/2024

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Home Values Rise Even as Median Prices Fall

Nationally, home values are actually rising, even if the median price is down a bit. Let’s break down what’s really happening so you can make sense of the market without getting caught up in the fear the headlines create.

Homes on the Market Right Now Are Smaller

The biggest reason for the dip in median price is the size of homes being sold. The median price reflects the middle point of all the homes for sale at any given time. And that’ll be affected by the mix of homes on the market.

Right now, there’s a greater number of smaller, less expensive homes on the market, and that’s bringing the overall median price down. But that doesn’t mean home values are declining.

Price Per Square Foot Is Still Rising

This means that while smaller homes are affecting the median price, the average home’s value is still rising.

So, while...



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Recent headlines have been buzzing about the median asking price of homes dropping compared to last year, and that’s sparked plenty of confusion.

10/02/2024

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Trust me – you don’t want just any agent when you buy or sell a home.

You want someone who specializes in your local market.

Because what you’re hearing on the news may not apply where you live. And you need someone who can give you that expert perspective on your neighborhood too.

Want a rundown of what’s happening in our area? DM me.



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10/01/2024

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Are you waiting for rates to drop below 6%? You may want to rethink that strategy because other people are going to do the same thing.

If rates dip more, it’s likely that buyer competition will go up, driving prices higher.

Right now, we’re in a sweet spot with lower rates and more homes to choose from.

Want to learn more about why buying now might be the better move? DM me.



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09/30/2024

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According to a recent study from Zillow, Mortgage payments are lower than rent in 22 of the 50 largest U.S. metros.

That’s a game changer if you’re thinking about owning a home.

Let’s grab a calculator and do the math together to see if buying might be right for you in our local market.



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09/29/2024

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You're probably wondering: is it better to move now or wait?
To make sure you’re making the best decision possible, let’s chat.
Together we can go over other market factors that may have an impact on your decision – like buyer demand, home prices, and the potential to gain equity.
And once you've got all the information, you can decide if buying now makes more sense for you.



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09/28/2024

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Are you saving for your down payment? Here’s something you’re going to want to know.

Most first-time homebuyers qualify for programs that can help with that upfront expense. But few actually take advantage of it.

To see if you qualify, make sure you connect with a trusted lender. It could help you achieve your homeownership dream sooner than you thought possible.



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09/27/2024

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Buy Now, or Wait?

If you’re wondering if you should buy now or wait, here’s what you need to know. If you wait for rates to drop more, you’ll have to deal with more competition and higher prices as additional buyers jump back in. But if you buy now, you’d get ahead of that and have the chance to start building equity. Should you buy now or wait? Let’s talk through it together, so you can make your best decision.



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If you’re wondering if you should buy now or wait, here’s what you need to know. 

09/26/2024

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Don’t Fall for These Real Estate Agent Myths

When it’s time to buy or sell a home, one of the most important decisions you’ll make is who you’ll work with as your agent. That choice will have an impact on your entire experience and how smoothly it goes.

Myth #1: All Real Estate Agents Are the Same

You might think all agents are the same – so it doesn’t matter who you work with. But, in reality, agents have varying levels of experience, specialties, and market knowledge, which can have a big impact on your results.

Myth #2: You Can Save Money by Not Using an Agent

As a seller, you may think you can save money by not working with a pro. However, the expertise, negotiation skills, and market knowledge an agent provides generally saves you money and helps you avoid making costly mistakes.

Myth #3: Agents Will Push You To Spend More

You may also be worried an...



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When it’s time to buy or sell a home, one of the most important decisions you’ll make is who you’ll work with as your agent.

09/25/2024

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Buy now or wait? That’s the big question for a lot of buyers.

But what you may not realize is just how much equity is at stake if you delay. Even the forecasts for more moderate home price growth could add up to $90,000 in equity over the next 5 years.

So, if you want to move and you’re able to now that mortgage rates have fallen, let’s chat about why it’s worth it to get the ball rolling.



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