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Around The Valley

Discover All You Need To Know About Real Estate And Our Surrounding Communities


Foreclosure-Headlines
If you’ve seen recent headlines about foreclosures surging in the housing market, you’re certainly not alone. There’s no doubt, the stories in the media can be pretty...
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Last year, the housing market slowed down in response to higher mortgage rates, and that had an impact on home prices. If you’re thinking of selling your...
Housing-Market-Featured-Image
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...
What-Experts-Are-Saying-About-the-2023-Housing-Market
If you’re thinking about buying or selling a home soon, you probably want to know what you can expect from the housing market this year. In 2022, the market...
What-Are-Your-in-the-Housing-Market-This-Year
If buying or selling a home is part of your dreams for 2023, it’s essential for you to understand today’s housing market, define your goals,...
Key-Advantages-of-Buying-a-Home-Today
There’s no doubt buying a home today is different than it was over the past couple of years, and the shift in the market has led to...
Needs-Wants-for-todays-homebuyer
There’s no denying mortgage rates are higher now than they were last year. And if you’re thinking about buying a home, this may be top of mind...
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If you’re thinking about selling your house, you’re likely hearing about the cooling housing market and wondering what that means for you. While it’s not the...
Benefits-of-Multigenerational-Households
If you’re thinking of buying a home and living with siblings, parents, or grandparents, then multigenerational living may be for you. The Pew Research Center defines a...
Millennials-Are-Still-a-Driving-Force
If you’re thinking about selling your house but wondering if buyers are still out there, know that there are still people who are searching for a home...
Sell-Your-House-Before-the-Holidays
As you look ahead to the winter season, you’re likely making plans and thinking about what you want to achieve before the year ends. One...
Housing-Recession
Since the 2008 housing bubble burst, the word recession strikes a stronger emotional chord than it ever did before. And while there’s some debate around...
Close-Up Of Block With Question Mark Sign On Table
As the housing market cools in response to the dramatic rise in mortgage rates, home price appreciation is cooling as well. And if you’re following along with headlines...
Four-Things-That-Help-Determine-Your-Mortgage-Rate-Featured-Image-1024x683
If you’re looking to buy a home, you probably want to secure the lowest interest rate possible for your home loan. Over the last couple of years,...
Two Questions ETwo-Questions-Every-Homebuyer-Should-Ask--1024x683very Homebuyer Should Ask Rising interest rates have begun to slow an overheated housing market as monthly mortgage payments have risen dramatically since the beginning of the year. This is leaving some people who want to purchase a home priced out of the market and others wondering if now is the time to buy one. But this rise in borrowing cost shows no signs of letting up soon. Economic uncertainty and the volatility of the financial markets are causing mortgage rates to rise. George Ratiu, Senior Economist and Manager of Economic Research at realtor.com, says this: “While even two months ago rates above 7% may have seemed unthinkable, at the current pace, we can expect rates to surpass that level in the next three months.” So, is now the right time to buy a home? Anyone thinking about buying a home today should ask themselves two questions: 1. Where Do I Think Home Prices Are Heading? There are two places to turn to answer this question. First is the consensus of what experts are saying. If you look at what experts are projecting for home prices in 2023, they’re forecasting home price appreciation around 2%. While it’s true some are calling for depreciation, most are calling for appreciation in home values over the next year. The second spot to turn to for information is the Home Price Expectation Survey from Pulsenomics – a survey of a national panel of over one hundred economists, real estate experts, and investment and market strategists. According to the latest release, the experts surveyed are also calling for home price appreciation for the next several years (see graph below): 20221003-MEM-Eng-1-1 2. Where Do I Think Interest Rates Are Heading? Like mentioned above, Ratiu sees mortgage rates rising over the next several months. Another expert agrees. Mark Fleming, Chief Economist at First American, says: “While mortgage rates are expected to continue to drift higher over the coming months, much of the rapid increase in rates is likely behind us.” The instability in the world and higher inflation are driving this volatile market, resulting in higher borrowing rates for those looking to buy homes. Bottom Line If you’re thinking about buying a home, asking yourself about home prices and mortgage rates will help you make a powerful and confident decision. Experts see both prices and rates rising in the future. The alternative is to rent, but rents are also increasing. That may mean buying a home makes more sense than renting.
Rising interest rates have begun to slow an overheated housing market as monthly mortgage payments have risen dramatically since the beginning of the year. This is leaving some people...
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Today’s housing market is different than it was just a few months ago. And if you’re thinking about selling your house, that may leave you wondering what you...
Mature married couple at home on the sofa looking at laptop
A mature mixed race couple in their suburban home, spending the day together - Los Angeles, USA. Part of a series. Experts are starting to...
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If recent headlines about the housing market cooling and buyer demand moderating have you worried you’ve missed your chance to sell, here’s what you need to...
New-Homes-May-Have-the-Incentives-Youre-Looking-for-Today-1
According to the U.S. Census Bureau, this year, builders are on pace to complete more than a million new homes in this country. If you’ve had trouble finding...
Buyers-You-May-Face-Less-Competition-as-Bidding-Wars-Ease
One of the top stories in recent real estate headlines was the intensity and frequency of bidding wars. With so many buyers looking to purchase...
Why-You-May-Want-To-Start-Your-Home-Search-Today-1024x683
If you’re thinking about buying a home, you likely have a lot of factors on your mind. You’re weighing your own needs against higher mortgage rates, today’s...
Dining room in a modern kitchen
If you’re thinking about selling your house, you may have heard about the housing market slowing down in recent months. While it’s still a sellers’ market,...
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The desire to own a home is still strong today. In fact, according to the Census, the U.S. homeownership rate is on the rise. To illustrate the increase,...
Selling-Your-House-Your-Asking-Price-Matters-More-Now-Than-Ever-1024x683
There’s no doubt about the fact that the housing market is slowing from the frenzy we saw over the past two years. But what does that mean...