Holly & Chris Luxury Homes

Home Prices

Home Prices Growing At A More Normal Pace

If you're a bit confused about the current state of home prices, you're not alone. Despite data indicating otherwise, there are still claims that prices are dropping. This confusion stems from unreliable sources and misleading media coverage. To clarify things, let's focus on the essential information backed by trustworthy data. Normal Home Price Seasonality Explained In the real estate market,...

The Surging Homeowner Net Worth

Contemplating the choice between renting and buying a home? Consider this crucial insight to bolster your decision-making confidence. The Survey of Consumer Finances (SCF) by the Federal Reserve Board, updated every three years, reveals a substantial gap in net worth between homeowners and renters. Spoiler alert: the average homeowner's net worth is nearly 40 times greater than that of a renter. Check out...

Home Prices Are Not Falling

In the final quarter of the previous year, a few housing experts predicted a potential 2023 crash in home prices. These forecasts were widely publicized by the media, generating headlines that painted a bleak picture for the housing market. As a result of this extensive negative news coverage, many individuals began to harbor uncertainties about the robustness of the residential real estate market. If...