Housing Market News

The Dream of Homeownership Is Worth the Effort

By Nicole McCormick | April 27, 2022

If you’re in the market to buy a home this season, stick with it. Homebuyers face challenges in any market, and today’s is no exception. But if you persevere, your decision to purchase a home will be worth the effort in the end. In fact, a recent survey from Bankrate shows homeownership is so powerful that: “Nearly three in […]

April 2022 Housing Market Update

By Nicole McCormick | April 26, 2022

Geoff Green is President of Green Team Realty and Co-founder and CEO of NuOp. In addition, he is the moderator of the monthly Housing Market Updates. With so many changes in the market, Geoff began the April 2022 Housing Market Update with information on rising mortgage rates. If you haven’t yet seen the April 2022 […]

How Homeownership Can Help Shield You from Inflation

By Nicole McCormick | April 26, 2022

If you’re following along with the news today, you’ve likely heard about rising inflation. You’re also likely feeling the impact in your day-to-day life as prices go up for gas, groceries, and more. These rising consumer costs can put a pinch on your wallet and make you re-evaluate any big purchases you have planned to […]

Is It Enough To Offer Asking Price in Today’s Housing Market?

By Nicole McCormick | April 26, 2022

If you’re planning to buy a home this season, you’re probably thinking about what you’ll need to do to get your offer accepted. In previous years, it was common for buyers to try and determine how much less than the asking price they could offer to still get the home. The buyer and seller would then negotiate […]

Why This Housing Market Is Not a Bubble Ready To Pop

By Nicole McCormick | April 26, 2022

Homeownership has become a major element in achieving the American Dream. A recent report from the National Association of Realtors (NAR) finds that over 86% of buyers agree homeownership is still the American Dream. Prior to the 1950s, less than half of the country owned their own home. However, after World War II, many returning veterans used the benefits afforded by […]

Myths About Today’s Housing Market [INFOGRAPHIC]

By Nicole McCormick | April 26, 2022

Some Highlights If you’re planning to buy or sell a home today, it’s important to be aware of common misconceptions. Whether it’s timing your purchase as a buyer based on home prices and mortgage rates or knowing what to upgrade or repair before listing your house as a seller, it takes a professional to guide you through those decisions. Let’s connect so you have an expert to help separate fact from […]

How To Approach Rising Mortgage Rates as a Buyer

By Nicole McCormick | April 26, 2022

In the last few weeks, the average 30-year fixed mortgage rate from Freddie Mac inched up to 5%. While that news may have you questioning the timing of your home search, the truth is, timing has never been more important. Even though you may be tempted to put your plans on hold in hopes that rates will […]

Is It Time To Buy a Smaller Home?

By Nicole McCormick | April 19, 2022

Life events can have a major impact on what you need from your home, and retirement is one of the biggest changes many of us face. This period of your life can mean doing more of the things you enjoy, like traveling, visiting with loved ones, or taking on new hobbies. But what does that […]

What Is Multigenerational Housing? [INFOGRAPHIC]

By Nicole McCormick | April 19, 2022

Some Highlights If you have additional loved ones coming to live with you but don’t have enough space, it may be time to consider a larger, multigenerational home. Some key benefits of multigenerational living include a combined homebuying budget, shared caregiving duties, enhanced relationships, and more. These benefits might be why more people are choosing to live in multigenerational homes […]

On the Fence of Whether or Not To Move This Spring? Consider This.

By Nicole McCormick | April 14, 2022

If you’re thinking of selling your house, it may be because you’ve heard prices are rising, listings are going fast, and sellers are getting multiple offers on their homes. But why are conditions so good for sellers today? And what can you expect when you move? To help answer both of those questions, let’s turn to the data. Today, there are far […]

Where Are Mortgage Rates Headed?

By Nicole McCormick | April 14, 2022

There’s never been a truer statement regarding forecasting mortgage rates than the one offered last year by Mark Fleming, Chief Economist at First American: “You know, the fallacy of economic forecasting is: Don’t ever try and forecast interest rates and or, more specifically, if you’re a real estate economist mortgage rates, because you will always invariably be wrong.” […]

Do You Know How Much Equity You Have in Your Home? [INFOGRAPHIC]

By Nicole McCormick | April 14, 2022

Some Highlights If you’re a homeowner, your net worth has gotten a big boost. That’s because recent home price appreciation has increased your equity. Your equity grows as you pay down your loan and as your home increases in value. Over the past year, the average homeowner’s equity grew by $55,300. Ready to sell? Let’s connect to talk about how you can use that […]

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