The current housing market conditions are becoming a little better for potential homebuyers. According to data from the industry, the supply of homes for sale is rising which gives buyers more choices to choose from. Potential buyers do need to remember that it is still a seller's market so you should still be prepared when making an offer. Here are three tips to follow when buying a home from...
When you are a first-time home buyer it can be both stressful and exciting at the same time. This can be a life-changing event that has many bridges to cross and decisions to make. Having a lender and sales agent help you through the process is a must. Here are four things to avoid when you are buying your first home. 1. Not Planning for the Future First-time homebuyers are so excited and...
What should you not do when buying a home? -Don't open or close credit accounts -Don't switch jobs -Don't shop for homes you can't afford -Don't skip the inspection -Don't forget to hire an agent Purchasing a home is a life changing,exciting event. There are many things you should think about such as finding the right neighborhood, the right mortgage and the right time. This can be a challange in...
This year marks the 5th year for Tammany Taste of Summer. The Tammany Taste of Summer works much like New Orleans' Taste of Summer where Northshore restaurants participate in a summer dining deal program. The idea began in the New Orleans area to get locals to dine at local restaurants during the slow season. This year Tammany Taste of Summer runs from August 1 - September 15, 2022. Restaurants...
Why will cutting home prices during this market not lead to a housing collapse? The current price drops are not going to cause a collapse in the housing market. Don't let this detour you if you are in the market to sell your home. The demand for homes is still strong. Millennials are now at the peak of the home buying age. "The millennials are the second-largest generation since the baby boomers,"...
The historically low-interest rates are becoming a thing of the past. Mortgage rates are rising and have been since the beginning of this year. Homeowners are beginning to worry if the value of their homes or condos will also fall. In the past, home values have continued to appreciate even with a mortgage rate rise by a percentage point or more. The latest data from CoreLogic confirms that prices are...
The current housing market is perfect for those looking to sell their home. In fact, the low inventory and good mortgage rates have created huge competition among buyers. Buyers are trying to win the bid, and purchase before rates and home prices increase. Buyers today are giving sellers a great advantage. Sellers can get the best price and best terms in today's market. Today, the average home sold gets...
Passco Cos., a California-based real estate investment firm located in Irvine California, has purchased Canal Crossing for $120 million. The high-end apartment complex is located on upper Canal Street and is part of the revitalization. "We found it to be a great market for job growth and migration with all the education and health care employers moving in," said Stacy Stemens, a senior vice president at...
This year has seen a seller's market with a big housing crunch. The pinch began last year when we saw a rise in prices with a lack of inventory. Currently, the crunch is getting even tighter with the rise in mortgage rates. Here are five tips from the pros on how to compete in this hot housing market. 1. Demonstrate Solid Financing The higher the probability of closing the better the offer. All-cash is...
Getting your home ready to sell is a task in itself. Luckily it is still a seller's market so there are tons of buyers that will be interested in your home. Here are some small changes that can make a huge impact on the selling price of your home. Address the Exterior Remember a first impression goes a long way. Before you list your home, work on your home's curb appeal. Small task you can do is prune...