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...
Visit Our Special Community Welcome Event! Tour Our New, Custom Home & Learn More About the New Management at The Arbors Estates! Visit & Tour 11 Sugarberry Place New Orleans, LA 70131 Saturday, April 2, 2022 1:00PM – 3:00PM CONTACT US FOR MORE INFORMATION ABOUT THIS...
According to the National Association of Realtors (NAR) annual existing home sales rose to a 15-year high in 2021. Even though the supply chain has had disruptions, the historical low mortgage rates and the strong buyer demand has fueled house sales. Existing home sales across the board did not rise, but first-time buyers' shares spiked 30% in December 2021. All-cash sales were also down 1% to 23% in...
The housing market has been booming for sellers for the past couple of years. The National Association of Realtors reported that overall home sales rose 8.5% in 2021 to 6.12 million. This is the highest annual level since 2006. "December saw sales retreat, but the pullback was more a sign of supply constraints than an indication of a weakened demand for housing," said Lawrence Yun, NAR's chief...
The curb appeal of your home is everyone's first impression. The exterior of your home can make a big impression. A trend that has become popular is wood siding. Here are six ways professionals say you can use wood siding to enhance your curb appeal. 1. Opt for a Beautifully Weathered Facade A super idea that will not fade with age is untreated wood siding. The untreated wood siding looks better with...
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