The Coverdales on Real Estate

09/01/2026

Congratulations to our sellers on their closing today!

With a $109,000 increase in value from when they purchased in 2022 and a sale price 13% above list, these sellers made a great investment!

Thank you for trusting us to help you enter your new chapter down south!

08/21/2026

🏘️The Nationwide Home Insurance Crisis Is About Far More Than Monthly Premiums Skyrocketing🏘️

Homeowners have gotten used to hearing bad news about insurance premiums. But a new nationwide analysis suggests rising prices are only part of the problem.

Home insurance is also getting harder to keep.

A first-of-its-kind report from the National Association of Insurance Commissioners (NAIC) found that insurer-initiated nonrenewal rates increased between 96% and 216% from 2018 to 2024, depending on the region. In 2024 alone, insurers initiated more than 2 million non-renewals nationwide.

Home insurance premiums are rising, but that's not the only problem. Nonrenewals are surging, leaving some homeowners with fewer options.

08/07/2026

🏘️The Income Needed to Afford Typical American Home Holds Steady Near Record High of $110,000🏘️

Homebuying affordability is essentially flat from a year ago because monthly housing costs are increasing—and incomes are increasing at a similar rate:

The median U.S. home sale price rose 2.2% year over year in June, and the average mortgage rate came down slightly but was still elevated in the mid-6% range.

The median household income was an estimated $87,599, up 4% year over year.

The income required to afford a home soared in 2022 and 2023: Home prices skyrocketed amid the pandemic homebuying frenzy, then mortgage rates doubled. Now, the story is different, with the income needed to afford a home consistently dropping since October 2025. But the declines have been small, and the income required to afford a home is still $22,197 higher than the typical U.S. household income of $87,599.

Homebuying affordability is essentially flat from a year ago because monthly housing costs are increasing—and incomes are increasing at a similar rate: The...

07/31/2026

🏠Priced Out? A Condo or Townhome Could Be Your Way In.🏠

Today’s home prices have a lot of buyers – especially first-time buyers – wondering if there’s even anything out there that’s in their budget. But owning a home may be more within reach than you think. Sometimes, it just means considering a different type of home.

Condos and townhomes can be a great way to buy without stretching every last dollar. And right now, two things make them worth a serious look.

Today's home prices have a lot of buyers – especially first-time buyers – wondering if there’s even anything out there that’s in their budget.

07/24/2026

🏘Buying a Vacation Home: The Questions Before The Purchase🏘

Whether it's an oceanside bungalow or a luxury cabin in the mountains, many people dream of buying a vacation home. Financial advisors call a purchase like this "lifestyle investing." Like any investment, buying a second home comes with both benefits and potential drawbacks, so it's important to consider how a vacation home fits into your long-term plans before taking the plunge. Are you ready to pull a trigger on that property in Tahoe or Cabo? Read on before you close on any new vacation home.

Whether it's an oceanside bungalow or a luxury cabin in the mountains, many people dream of buying a vacation home. Financial advisors call a purchase like...

07/17/2026

🏠 Mortgage Rates Jump to Highest Level in Nearly a Year as Iran War Reignites🏠

Mortgage rates surged this week to levels not seen in 11 months as the conflict between the U.S. and Iran continued ratcheting up with no resolution in sight, putting renewed upward pressure on energy prices and bond yields.

The average rate on 30-year fixed home loans jumped to 6.55% for the week ending July 16, up 6 basis points from 6.49% the previous week and the highest since August 2025, according to Freddie Mac. For perspective, rates averaged 6.75% during the same period in 2025.

https://www.realtor.com/news/trends/mortgage-interest-rates-now-july-16-2026/

The average rate on 30-year fixed home loans rose to 6.55% for the week ending July 16 as hostilities between the U.S. and Iran escalated.

07/10/2026

🏘Landmark Housing Bill Will Become Law Today Without Trump’s Signature—Here’s What It Does🏘

The landmark 21st Century Road to Housing Act is poised to become law on Friday, even without the signature of President Donald Trump.

If the president doesn't act, the bill that Congress sent him will take effect at midnight. This would cap months of work for what is one of the most significant housing reform packages in 30 years. And it comes at a time when Americans are grappling with housing affordability.

The 10-day delay, prompted when the president abruptly canceled signing the bill last month, shouldn't stifle the bill's effects.

This would cap months of work for what is one of the most significant housing reform packages in 30 years.

07/04/2026

Wishing you a safe and joyful 4th of July!

07/03/2026

#🏘 How 250 Years of Federal Policy Minted a $48.7T Housing Market—and What’s Next for Tomorrow’s Buyers 🏘

s the U.S. prepares to celebrate its 250th birthday on Saturday, now is the perfect time to look back at how the nation has historically helped its citizens fulfill the American dream of homeownership, and what's in store for the next generation of homebuyers.

A new report from Realtor.com® examines how two centuries of federal housing policy successfully "unlocked doors" to create a staggering $48.7 trillion in real estate wealth, while also highlighting the modern hurdles still left to overcome, including a slowing growth of the homeownership rate due to affordability constraints, massive supply shortages, and a historic rise in first-time buyer age.

"We hope to show that the challenges facing the housing market today are not entirely new, and that the federal government has some ability to create change today as it has in the past," says Realtor.com senior economist Joel Berner.

https://www.realtor.com/news/trends/america-250-federal-policy-housing-market/

On the eve of the 250th birthday of the U.S., a report looks at historic federal housing policies and the latest bill aimed at tackling the supply shortage.