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Category: Home Owning

    Are you ready to buy a starter home?

    By Anna Tan-Gulay | September 18, 2023

    Here are some signs that you are finally ready to buy a starter home and kick renting to the curb. 🏡 ✅ Your rent is rising ✅ Your credit score is solid ✅ Your debt is manageable ✅ You can afford a down payment ✅ You have enough set aside for maintenance costs ✅ Your... Read More

    Expert Home Price Forecasts Revised Up for 2023

    By Anna Tan-Gulay | September 6, 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... Read More

    How Inflation Affects the Housing Market

    By Anna Tan-Gulay | September 1, 2023

    Have you ever wondered how inflation impacts the housing market? Believe it or not, they’re connected. Whenever there are changes to one, both are affected. Here’s a high-level overview of the connection between the two. The Relationship Between Housing Inflation and Overall Inflation Shelter inflation is the measure of price growth specific to housing. It comes from a survey of... Read More

    Gen Z: The Next Generation Is Making Moves in the Housing Market

    By Anna Tan-Gulay | August 29, 2023

    Generation Z (Gen Z) is eager to put down their own roots and achieve financial independence. As a result, they’re turning to homeownership. According to the latest Home Buyers and Sellers Generational Trends Report from the National Association of Realtors (NAR), 30% of Gen Z buyers transitioned straight from living under their parents’ roofs to owning their own homes. If... Read More

    More Jobs and Better Pay Leads to More Buyer Demand

    By Anna Tan-Gulay | August 25, 2023

    There’s been talk about a recession for quite a while now. But the economy has been remarkably resilient. Why? One reason is employment and wages have stayed strong. Let’s look at the latest information on each one and why both are good news if you’re thinking about selling your house. More Jobs Are Being Created... Read More

    Why Median Home Sales Price Is Confusing Right Now

    By Anna Tan-Gulay | August 21, 2023

    The National Association of Realtors (NAR) is set to release its most recent Existing Home Sales (EHS) report tomorrow. This monthly release provides information on the volume of sales and price trends for homes that have previously been owned. In the upcoming release, it’ll likely say home prices are down. This may seem a bit confusing, especially if you’ve been following... Read More

    Don’t Expect a Flood of Foreclosures

    By Anna Tan-Gulay | August 16, 2023

    The rising cost of just about everything from groceries to gas right now is leading to speculation that more people won’t be able to afford their mortgage payments. And that’s creating concern that a lot of foreclosures are on the horizon. While it’s true that foreclosure filings have gone up a bit compared to last year, experts... Read More

    Where Are People Moving Today and Why?

    By Anna Tan-Gulay | August 14, 2023

    Plenty of people are still moving these days. And if you’re thinking of making a move yourself, you may be considering the inventory and affordability challenges in the housing market and wondering what you can do to help offset those. A new report from Gravy Analytics provides insight into where people are searching for homes and what they’re prioritizing most right now. That information could... Read More

    The Value of an Agent When Buying Your New Construction Home

    By Anna Tan-Gulay | August 9, 2023

    Buying a new construction home can be an exciting experience. From being the very first owner, to customizing your home’s features, there are a lot of benefits. But navigating the complexities of buying a home that’s under construction can also be a bit overwhelming. This is where a skilled real estate agent can make all the difference.... Read More

    Four Ways You Can Use Your Home Equity

    By Anna Tan-Gulay | August 7, 2023

    If you’re a homeowner, odds are your equity has grown significantly over the last few years. Equity builds over time as home values grow and as you pay down your home loan. And, since home prices skyrocketed during the ‘unicorn’ years, you’ve likely gained more than you think. According to the latest Equity Insights Report from CoreLogic, the average homeowner has more than $274,000... Read More