What are we seeing this season? There are FOUR big factors. Low Inventory Currently, nationwide, we have 3.8 million more buyers than sellers. And there is little expectation this will change soon. The low inventory numbers are cause by two main factors. First, many homeowners locked into the low mortgage rates of 2022. According to […]
Category Archives: Real Estate News
Thinking of Changing Your Exterior Home Colors?
The growing farmhouse trend has made lighter exterior colors the top choice of most homeowners. According to a national survey by The Harris Poll, the majority of homeowners plan to lighten their exteriors with trending neutral colors. The survey was commissioned by Alside a leading brand of exterior building products such as ASCEND Composite Cladding, to […]
5 Differences Between Today’s Market and the 2008 Housing Crash
Many homeowners we speak with are still concerned that we may be approaching a repeat of the 2008 housing crash when property values collapsed and foreclosures spiked. The concern is understandable. The memory of that market haunts many. In fact, a recent survey by Lending Tree reported that 41% of Americans say they fear a […]
Factors Homebuyers Should Remember Before Closing the Deal
Purchasing a new home is an incredibly exciting milestone, however, it’s also a huge investment and a long-term commitment. Being certain you’re making the right decision before finalizing the deal can be stressful, but also essential. There are a lot of things to consider before committing to a new home and you may be unsure […]
Should You Consider an ARM?
The Pros and Cons of Adjustable Rate Mortgages With mortgage rates remaining higher, many buyers are considering adjustable-rate mortgages (ARM) for their future home purchase. While fixed-rate mortgages provide homeowners with the same interest rate for the duration of their loan, interest rates for adjustable-rate mortgages can change over time. These loans are more complex […]
Tactics to Help You Make the Most out of Your Big Move
The decision to move to a different city can occur for many reasons, but if you’ve recentlyexperienced a particularly low point in your life and are looking to start fresh, the process can bea little formidable. However, organizing and planning are essential in making sure everythingruns smoothly during this time of transition. To make things […]
5 Changing Trends in Real Estate and What They Mean For You
The National Association of Realtors just released updated information on buying trends over the past twelve months. Here are the five biggest changes. 1. Fewer First-Time Home Buyers Historically, first-time buyers make up 40% of the home-buying market. However, over the past twelve months, that number has dropped to only 26%. The primary reason for the […]
Understanding Eminent Domain- The Government’s Right to Take Your Property
Pre-condemnation planning is critical for any property owner whose land is in the path of aproposed government project. Under the power of eminent domain, the government canforcibly acquire private property for public use. However, the owner must be appropriatelycompensated. Even though it may be possible for property owners to stop the government from takingtheir land, […]
How to Get Your Home Ready to Sell in 2023
Key Takeaways Sell your home faster with these easy repair and design tips Minor improvements make a big difference Contact us to sell your home for top dollar in 2023 Thinking about selling your home in 2023? Your property’s interior and exterior look and feelhave a direct impact on the final sale price of your […]
How to Reap Long-Term Financial Benefits From Renting Out a Home
If you want to earn a consistent passive income, renting out a property is one of the most viableways to do so. Being a property owner is also a symbol of prestige if it’s something you’vealways aspired to. The Alfriend Group weighs in on how to transition into being a landlord, asopposed to simply selling […]