Over the past couple of years, home affordability has been a major challenge for many hopeful buyers. Home prices shot up. Mortgage rates too. And many people decided to hit pause on their plans because it just didn’t feel possible. Maybe you were one of them. But there’s some encouraging news. If you’ve been waitingContinue reading “3 Reasons Why Home Affordability is Getting Better This Fall”
Tag Archives: Queens Real Estate
What a Fed Rate Cut Could Mean for Mortgage Rates
The Federal Reserve (the Fed) meets this week, and expectations are high that they’ll cut the Federal Funds Rate. But does that mean mortgage rates will drop? Let’s clear up the confusion. The Fed Doesn’t Directly Set Mortgage Rates Right now, all eyes are on the Fed. Most economists expect they’ll cut the Federal Funds Rate atContinue reading “What a Fed Rate Cut Could Mean for Mortgage Rates”
Even in a Seller’s Market, 50% of Homes Sell for Under Asking. Here’s How to Avoid It
If your selling strategy still assumes you’ll get multiple offers over asking, it’s officially time for a reset. That frenzied seller’s market is behind us. And here are the numbers to prove it. From Frenzy to “Normal” Right now, about 50% of homes on the market are selling for less than their asking price, accordingContinue reading “Even in a Seller’s Market, 50% of Homes Sell for Under Asking. Here’s How to Avoid It”
What Everyone’s Getting Wrong About the Rise in New Home Inventory
You may have seen talk online that new home inventory is at its highest level since the crash. And if you lived through the crash back in 2008, seeing new construction is up again may feel a little scary. But here’s what you need to remember: a lot of what you see online is designed toContinue reading “What Everyone’s Getting Wrong About the Rise in New Home Inventory”
Should You Still Expect a Bidding War?
If you’re still worried about having to deal with a bidding war when you buy a home, you may be able to let some of that fear go. While multiple-offer situations haven’t disappeared entirely, they’re not nearly as common as they used to be. In fact, a recent survey shows agents reported only 1 in 5 homes (20%) nationallyContinue reading “Should You Still Expect a Bidding War?”
Are These Myths About Buying a Newly Built Home Holding You Back?
If you’ve been skipping over newly built homes in your search, you might be doing so based on outdated assumptions. Let’s clear up a few of the most common myths, so you don’t miss out on a solid opportunity. Myth 1: New Homes Are More Expensive It’s easy to assume a new build will costContinue reading “Are These Myths About Buying a Newly Built Home Holding You Back?”
Why Selling Without an Agent Can Cost You More Than You Think
Cutting out the agent might seem like a smart way to save when you sell your house. But here’s the hard truth. Last year, homes that sold with an agent went for almost 15% more than those that sold without one. That gap is pretty hard to ignore. And with more homes on the market to compete with right now, sellingContinue reading “Why Selling Without an Agent Can Cost You More Than You Think”
Today’s Tale of Two Housing Markets
Depending on where you live, the housing market could feel red-hot or strangely quiet right now. The truth is, local markets are starting to move in different directions. In some places, buyers are calling the shots. In others, sellers still hold the power. It’s a tale of two markets. What’s a Buyer’s Market vs. aContinue reading “Today’s Tale of Two Housing Markets”
Don’t Make These Mistakes When Selling Your House
Are you thinking about selling your house? Some common mistakes today can make the process more stressful or even cost you money. Fortunately, they’re easy to avoid, as long as you know what to watch for. Let’s break down the biggest seller slip-ups, and how an agent helps you steer clear of them. 1. Overpricing YourContinue reading “Don’t Make These Mistakes When Selling Your House”
Selling and Buying at the Same Time? Here’s What You Need To Know
If you’re a homeowner planning to move, you’re probably wondering what the process is going to look like and what you should tackle first: Ultimately, what’s right for you depends on a lot of factors. And that’s where an agent’s experience can really help make your next step clear. They know your local market, the latestContinue reading “Selling and Buying at the Same Time? Here’s What You Need To Know”
