The end of 2022 ended with a much needed 222% increase of inventory over last year. Even though that sounds like a lot, that’s the good news. We could have used 300%+ increase to balance the market. The challenge has been the rising interest rates everyone is talking about. For every 1% increase in interest
“It’s beginning to look a lot like recession 🎵 ” – a play of a holiday classic! True story ~ can you say 178% increase with homes inventory from last year (Nov ’21) to Nov ’22 – wow! Pair that with seasonal slow down, and there are all of a sudden more opportunities for home
With the rapid shift that’s happened in the housing market this year, some people are raising concerns that we’re destined for a repeat of the crash we saw in 2008. But in truth, there are many key differences between what’s happening today and the bubble in the early 2000s. One of the reasons this isn’t like the
Taking stock of the housing market: Is it a buyers’ or sellers’ market? Or both? CJV Realtor was interviewed by Colorado Public Radio on Colorado Matters. Compared to her first time home buyer 6 months ago who was making 5 offers a week and getting beat out by tens of thousands of dollars, her client
Well, buyers asked for a reprieve and they got it. Bidding wars are still out there, but they are fewer and further in between. We are moving back towards a balanced market with inspection contingencies and seller concessions. As for the supply of homes, it’s definitely coming – 115% more homes from October 2021 to
For over 78 years, Veterans Affairs (VA) home loans have provided millions of veterans with the opportunity to purchase homes of their own. If you or a loved one have served, it’s important to understand this program and its benefits. Here are some things you should know about VA loans before you start the homebuying process. What
3 Graphs Showing Why Today’s Housing Market Isn’t Like the 2008 Housing Bubble With all the headlines and talk in the media about the shift in the housing market, you might be thinking this is a housing bubble. It’s only natural for those thoughts to creep in that make you think it could be a repeat of
Well, if you’re not in the know by now, you’ve been living under a rock 🪨!! Every single statistic shown in the above grid shows a softening market: 7% mortgage rates / the highest in 15-20 years; Increasing inventory – up 90+% since last year at this time; Prices at all time highs – prices
Does the latest news about the housing market have you questioning your plans to sell your house? If so, perspective is key. Here are some of the ways a trusted real estate professional can explain the shift that’s happening today and why it’s still a sellers’ market even during the cooldown. Fewer Homes for Sale than Pre-Pandemic While
Today’s market is at a turning point, making it more essential than ever to work with a real estate professional. Not only will a trusted real estate advisor keep you updated and help you make the best decisions based on current market trends, but they’re also experts in managing the many aspects of selling your house. Here