Although the booming "unicorn" years of the housing market have passed, the current real estate market remains competitive in numerous regions due to a limited supply of homes for sale. If you're planning to purchase a home during this season, it's essential to understand that you may still encounter some situations with multiple offers. Here are a few factors to keep in mind to improve your chances of...
Considering your first home purchase? Understanding what drives others to make this decision can be valuable. According to a recent survey conducted by PulteGroup among first-time homebuyers: "When asked about their first-time home purchase, the response was straightforward: they did it because they wanted to. For 72% of respondents, either the desire to escape renting or the realization that...
Purchasing a home is one of the most significant investments you will make in your lifetime, and protecting that investment is paramount. Placing your house in a trust is a wise and proactive step towards safeguarding your property, your assets, and the future of your loved ones. Here are some compelling reasons why putting your house in a trust is crucial: 1. Asset Protection:Placing your property in...
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...
If you're considering buying or selling a home, one of the main questions on your mind is probably: what's happening with home prices? The lack of clarity on this topic is not surprising, and part of the problem lies in how headlines discuss prices. The negative news is often based on comparing current statistics to those of the last few years, which were considered exceptional ('unicorn' years) due to...
A key determinant of the current market's dynamics is the quantity of homes available for purchase. If you're contemplating whether or not to put your house on the market, this presents a significant advantage. With housing inventory at such a low level, your property will garner attention, especially if it is competitively priced. However, there are indications that more properties may soon be listed....
If you own a house and are considering not selling it, but rather using it as a short-term rental property, there are potential challenges you should be aware of. Short-term rentals are becoming increasingly popular and are often seen as an alternative to staying in hotels. However, taking on the responsibility of managing a short-term rental property can be challenging. Here are some difficulties you may...
Mortgage rates have significantly increased in the last couple of months, so you're questioning your plans to purchase a home. You're wondering if you should wait for rates to drop. Let's keep it real. Due to inflation, among other factors, rates are only expected to increase in 2023. The Federal Reserve needs time to get inflation under control, so if you're waiting for mortgage rates to decrease, you may...