A Seasoned Investors Guide for Investing in Today’s Market Have you been eyeing the real estate market, waiting for the perfect moment to dive in? Well, let me tell you, there’s no time like the present. As someone with 35 years of experience navigating the twists and turns of real estate, I’ve seen markets evolve, […]
The Millennial generation, born between 1981 to 1996, has among the lowest homeownership rates since the 1920s. The reasons vary, but the greatest factor has been affordability. The Millennial generation has the highest student loan debt in US history. If you combine that with the high prices and interest rates, it has created the least […]
Real estate highlights the evolving preferences and needs of homebuyers and homeowners. Here’s a summary of the key trends for 2024: 1. Homeowners Staying Put: High interest rates and low inventory are prompting homeowners to stay in their current homes longer. Remodeling and updating focus on sustainable features, accessory dwelling units, pickleball courts, remodeled basements, […]
The winter holidays are ideal times for first-time buyers looking to purchase a home. There are fewer buyers competing for the homes, and the bidding wars are less frequent. Since most sellers prefer selling in the spring or summer, those selling their homes in the winter are typically more motivated to sell. Here are some […]
The winter real estate market is here. The holidays are upon us. There is cheer and joy everywhere! But for sellers, November and December can be the slowest months of the year to sell a home. If you are selling at this time, you want to do everything to attract a buyer. Here are some […]
The 30-year fixed-rate mortgage is now passing the 8% interest rate mark, the highest rate in 23 years.In less than two years, the average monthly mortgage payment on a $300,000 loan has increased over $1,100 per month. However, homeownership remains the primary cornerstone of building financial stability. And, with expectations of potentially lower rates by […]
When hiring an investor-friendly real estate agent, it’s essential to ask the right questions. Purchasing investment properties is a distinct venture, and not all real estate agents are equipped to assist with it. To help you make an informed decision, here are 17 questions you should ask a potential investor-friendly real estate agent: 1. Are […]
Here are the top trending features buyer are seeking in the next home. How does your home stack up? A Basement Refinish As prices of homes continue to increase, buyers are looking for the best use of all spaces. Basements are being refinished to create home theaters, game rooms, and exercise room. The search term […]
Stabilizing mortgage rates have been a key factor in Central Ohio continuing its consistent growth. The inventory numbers are improving, but high demand continues to outpace the supply. As a result, we hit a new high in the median sales price of $320,000. This surge represents a 6.1% growth, surpassing theprevious highest monthly median sales […]
Mortgage rates were back on the rise this week. For the average home buyer, the rate jump translates to an average monthly payment of $2,126, an increase of more than $280. With these rate increases, more and more buyers are looking into ARM’s (Adjustable-Rate Mortgages) to purchase their homes. Should You Consider an ARM? What […]
