Have you been trying to buy a home, but higher mortgage rates and home prices are limiting your options? If so, here’s some good news – based on what Ali Wolf, Chief Economist at Zonda, has to say – smaller, more affordable homes are on the way: “Buyers should expect that over the next 12 to 24 months there will be a notable increase in the number Continue Reading about Get Ready for Smaller, More Affordable Homes
Are More Homes Coming onto the Market?
An important factor shaping today’s market is the number of homes for sale. And, if you’re considering whether or not to list your house, that’s one of the biggest advantages you have right now. When housing inventory is this low, your house will stand out, especially if it’s priced right. But there are some early signs that more listings are coming. According to the Continue Reading about Are More Homes Coming onto the Market?
Should Baby Boomers Buy or Rent After Selling Their Houses?
Are you a baby boomer who’s lived in your current house for a long time and you’re ready for a change? If you’re thinking about selling your house, you have a lot to consider. Will you move to a different state or stay nearby? Is it time to downsize or do you want more space to accommodate your loved ones? But maybe the biggest consideration boils down to this – will you buy your Continue Reading about Should Baby Boomers Buy or Rent After Selling Their Houses?
Wonder what is going on in the Bellingham real estate market?
𝟖𝟕 𝐡𝐨𝐦𝐞𝐬 𝐬𝐨𝐥𝐝 𝐚𝐭 𝟏𝟎𝟎% 𝐨𝐫 𝐦𝐨𝐫𝐞, 𝐚𝐛𝐨𝐯𝐞 𝐥𝐢𝐬𝐭 𝐩𝐫𝐢𝐜𝐞! If you are thinking of selling, NOW is the time! People are in the market to buy your home! Let's chat about what those numbers mean for you! You can reach Johnson Team Real Estate by calling 360.303.2734 Continue Reading about Wonder what is going on in the Bellingham real estate market?
What Experts Project for Home Prices Over the Next 5 Years
If you're planning to buy a home, one thing to consider is what experts project home prices will do in the future and how that might affect your investment. While you may have seen negative news over the past year about home prices, they’re doing far better than expected and are rising across the country. And data shows, experts forecast home prices will keep Continue Reading about What Experts Project for Home Prices Over the Next 5 Years
Mortgage Rates: Past, Present, and Possible Future
If you’re hoping to buy a home this year, you’re probably paying close attention to mortgage rates. Since mortgage rates impact what you can afford when you take out a home loan – and affordability is a challenge today – it’s a good time to look at the big picture of where mortgage rates have been historically compared to where they are now. Beyond that, it’s important to understand Continue Reading about Mortgage Rates: Past, Present, and Possible Future
Expert Home Price Forecasts Revised Up for 2023
Toward the end of last year, there were a number of headlines saying home prices were going to fall substantially in 2023. That led to a lot of fear and questions about whether there was going to be a repeat of the housing crash that happened back in 2008. But the headlines got it wrong. While there was a slight home price correction after the sky-high price appreciation during Continue Reading about Expert Home Price Forecasts Revised Up for 2023
Buyer Traffic Is Still Stronger than the Norm
Are you putting off selling your house because you’re worried no one’s buying because of where mortgage rates are? If so, know this: the latest data shows plenty of buyers are still out there, and they’re purchasing homes today. Here’s the data to prove it. The ShowingTime Showing Index is a measure of buyers touring homes. The graph below uses the latest numbers Continue Reading about Buyer Traffic Is Still Stronger than the Norm