It’s a Sellers’ Market [INFOGRAPHIC]

by Julia Lowell | Feb 26, 2021 | Housing Market Updates, Infographic, Sellers

Some Highlights Over the past year, homeowners have gained an unprecedented opportunity to sell with great success while buyer demand is soaring. With homes selling twice as fast as they did last year at this time, getting multiple offers, and rising in price,...

Are There Going to Be More Homes to Buy This Year?

by Julia Lowell | Feb 25, 2021 | Buyer & Seller, First Time Home Buyers

If you’re looking for a home to purchase right now and having trouble finding one, you’re not alone. At a time like this when there are so few houses for sale, it’s normal to wonder if you’ll actually find one to buy. According to the National Association of...

How Much Leverage Do Today’s House Sellers Have?

by Julia Lowell | Feb 24, 2021 | Housing Market Updates, Move-Up Buyers, New Construction, Pricing, Sellers, Selling Myths

The housing market has been scorching hot over the last twelve months. Buyers and their high demand have far outnumbered sellers and a short supply of houses. According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), sales are...

The Reason Mortgage Rates Are Projected to Increase and What It Means for You

by Julia Lowell | Feb 23, 2021 | Buyers, Buying Myths, First Time Home Buyers

We’re currently experiencing historically low mortgage rates. Over the last fifty years, the average on a Freddie Mac 30-year fixed-rate mortgage has been 7.76%. Today, that rate is 2.81%. Flocks of homebuyers have been taking advantage of these remarkably low rates...

Where Have All the Houses Gone?

by Julia Lowell | Feb 22, 2021 | Buyer & Seller, Housing Market Updates

In today’s housing market, it seems harder than ever to find a home to buy. Before the health crisis hit us a year ago, there was already a shortage of homes for sale. When many homeowners delayed their plans to sell at the same time that more buyers aimed to take...