While elevated mortgage rates have continued to dampen the pace of home sales and affordability, there have been some positive developments for frustrated homebuyers. Nationwide, the inventory shortage is starting to ease, and an uptick in starter homes coming on the market has helped to slow the median home price growth rate, presenting some relief to cash-strapped buyers....
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Considering a move? The peak moving season is upon us. In fact, according to Move.com, almost 70% of U.S. moves occur between May and September. And while the percentage of Americans who move each year has declined, the desire to relocate remains strong....
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For most homeowners, comprehensive home insurance coverage is crucial for financial security—but massive rate increases can turn a once-affordable home into a financial burden. They can also pose a serious challenge for sellers. A home insurance policy is typically required to get a mortgage, and, in some hard-hit regions, we’re seeing sales fall through or homes sit on the market because insurance policies are unattainable or too expensive. But don’t panic! While these broader trends may be out of your control, there’s still plenty you can do to save....
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Real Estate Market Forecast: Opportunities for Home Buyers and Sellers in 2024...
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Does your current home no longer serve your needs? If so, you may be torn between relocating to a new home or renovating your existing one. This can be a difficult choice, and there’s a lot to consider—including potential costs, long-term financial implications, and quality of life. A major remodel can be a major commitment. From hiring contractors to selecting materials to managing a budget, it can take a tremendous amount of time and energy—not to mention the ordeal of living through construction or relocating to a temporary residence. On the other hand,...
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All market offer opportunities for buyers and sellers but the unique market we are currently experiencing has some tangible benefits for both sides....
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Last year, one factor drove the real estate market more than any other: rising mortgage rates. In March 2022, the Federal Reserve began a series of interest rate hikes in an effort to pump the brakes on inflation.1 And while some market sectors have been slow to respond, the housing market has reacted accordingly. Both demand and price appreciation have tapered, as the primary challenge for homebuyers has shifted from availability to affordability. And although this higher-mortgage rate environment has been a painful adjustment for many buyers and sellers, it should ultimately...
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Yoga is a practice, not a perfect. Like most of life we have to keep working at it everyday to get better, be better. Taking a beat, a deep breath when faced with a frustrating situation can make the difference between compassion and judgement....
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Why would anyone want to spend their summer looking for a new house? Here are 3 solid reasons why it makes sense to find your perfect home THIS summer. There are many different types of buyers and buyers in many stages of the home searching and buying process. Maybe you searched for most of 2021 and into 2022 and either couldn’t find your perfect home or got outbid by the competition? Maybe you have been passively searching online and waiting for the right time? Are you just starting the process? Whatever...
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No matter what’s going on in the housing market, the process of selling a home can be challenging. Some sellers have a hard time saying goodbye to a treasured family residence. Others want to skip ahead to the fun of decorating and settling into a new place. Almost all sellers want to make the most money possible. Whatever your circumstances, the road to the closing table can be riddled with obstacles — from issues with showings and negotiations to inspection surprises. But many of these complications are avoidable when you have...
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