During the pandemic, second homes became popular because of the rise in work-from-home flexibility. That’s because owning a second home, especially in the luxury market, allowed those homeowners to spend more time in their favorite places or with different home features. Keep in mind, a luxury home isn’t only defined by price. In a recent article, Investopedia shares additional factors that push a home into this category: location, such as a home on the water or in a desirable city, and features, the things that make the home itself feel luxurious.
It doesn’t matter if you’re someone who closely follows the economy or not, chances are you’ve heard whispers of an upcoming recession. Economic conditions are determined by a broad range of factors, so rather than explaining them each in depth, let’s lean on the experts and what history tells us to see what could lie ahead. As Greg McBride, Chief Financial Analyst at Bankrate, says:
Are you considering buying a home in 2023 and overwhelmed with all the terminology? Here are 9 Key Terms to help you better navigate through the homebuying process.
If you were considering buying a home or selling a home in 2022 you probably felt like you had the rug ripped out from under you, with constant rate hikes and so much uncertainty in the market. The good news is that experts are predicting greater stability and predictability in the housing market for 2023. If you held off on buying your dream home or selling your home this past year, 2023 may be your year!
Mortgage Rates have been at the top of everyone's mind this past year and many prospective buyers have continued to hold off on a home purchase until things simmer down. But, while you are waiting for rates to drop and getting ready to sign another rental lease, consider the fact that rents between 2021 and 2022 increased by over 17% and are expected to increase by another 6% or more in 2023. Over a 20% increase in 3 years! Read further to find out why you need to consider a home purchase in 2023.
There is a wealth of information out there about the Real Estate Market, Buying and Selling Homes, Interest Rates and more. But, if you're like me, too much information and I become completely overwhelmed, shut down and then have no idea where to start! The good news for you is, there are Real Estate Professionals out there like me, who can help guide you through all of the confusion and provide you a clearer path towards your Real Estate Goals!
As 2022 comes to a close many of you are probably wondering where the Housing Market is headed for 2023. Read further to find out what the experts are saying.
Rates are starting to drop ever so slightly and although it may not seem like a lot, even a small percentage can have a big impact on your purchasing power! If you were among the many buyers that had to drop out of the race this year, now may be a good time to have a conversation with your Mortgage Lender and see where you stand.
With 2023 just around the corner, you may be wondering if now is a good time to sell your home? The answer is "yes"! Read on to find out why:
Selling your home can be stressful! So can the Holidays. Imagine doing both? Here are 5 great reasons why you SHOULD consider selling your home this holiday season!
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