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Monthly Archives: August 2021

    What Buyers and Sellers Need To Know About the Appraisal Gap

    By DJ & Lindsey | August 31, 2021

    It’s economy 101 – when supply is low and demand is high, prices naturally rise. That’s what’s happening in today’s housing market. Home prices are appreciating at near-historic rates, and that’s creating some challenges when it comes to home appraisals. In recent months, it’s become increasingly common for an appraisal to come in below the contract price on... Read More

    What To Do with Your Vacation Home as Summer Ends

    By DJ & Lindsey | August 30, 2021

    As summer comes to a close, is it time to think about selling your vacation home? Based on recent data and expert opinions, it’s something you may want to consider. According to research from the National Association of Realtors (NAR), vacation home sales are up 57.2% year-over-year for January-April 2021. If you’ve taken your last vacation this summer, here are... Read More

    Why 2021 Is Still the Year To Sell Your House

    By DJ & Lindsey | August 26, 2021

    If you’re trying to decide whether or not to sell your house, this is the time to think seriously about making a move. Fannie Mae’s recent Home Purchase Sentiment Index (HPSI) reveals the number of respondents who say it’s a good time to sell is higher now than it was over the past few summers (see graph below). Today, the majority of consumers,... Read More

    What Do Experts Say About Today’s Mortgage Rates?

    By DJ & Lindsey | August 24, 2021

    Mortgage rates are hovering near record lows, and that’s good news for today’s homebuyers. The graph below shows mortgage rates dating back to 2016 and where today falls by comparison. Generally speaking, when rates are low, you can afford more home for your money. That’s why experts across the industry agree – today’s low rates present buyers... Read More

    More Young People Are Buying Homes

    By DJ & Lindsey | August 23, 2021

    There’s a common misconception that younger generations aren’t interested in homeownership. Many people point to the fact that millennials put off purchasing their first home as a reason for this belief. Odeta Kushi, Deputy Chief Economist for First American, explains why millennials have put off certain milestones linked to homeownership. Those delays led to their homeownership rates trailing... Read More

    Looking for a Place To Call Home? Consider a Condominium.

    By DJ & Lindsey | August 19, 2021

    It’s no secret that one of the top stories in today’s real estate market is low housing supply and high buyer demand. If you’re a first-time buyer looking for a starter home or are someone who’s interested in downsizing, it may be worth considering a condominium (condo) as a worthwhile option. In fact, trends indicate condos are... Read More

    What Does Being in a Sellers’ Market Mean?

    By DJ & Lindsey | August 17, 2021

    Whether or not you’ve been following the real estate industry lately, there’s a good chance you’ve heard we’re in a serious sellers’ market. But what does that really mean? And why are conditions today so good for people who want to list their house? It starts with the number of houses available for sale. The... Read More

    The Best Use of Time (and Money) When It Comes to Renovations

    By DJ & Lindsey | August 16, 2021

    In the current sellers’ market, many homeowners wonder what, if anything, needs to be remodeled before they list their house. That’s where a trusted real estate professional comes in. They can help you think through today’s market conditions and how they impact what you should – and shouldn’t – renovate before selling. Here are some... Read More

    With Rents on the Rise – Is Now the Time To Buy?

    By DJ & Lindsey | August 12, 2021

    According to recent data from realtor.com, median rental prices have reached their highest point ever recorded in many areas across the country. The report found rents rose by 8.1% from the same time last year. As it notes: “Beyond simply recovering to pre-pandemic levels, rents across the country are surging. Typically, rents fluctuate less than 1% from month to month. In May and... Read More

    Tricks For Hard-To-Paint Areas

    By DJ & Lindsey | August 10, 2021

    While some DIY projects seem like they should be left for the pros, painting doesn’t have to be one of them. Basic painting seems easy enough, but sometimes we run into those hard-to-paint areas and regret not hiring a professional. Instead of hanging up the towel, try out these tricks for those spots and see if... Read More