Articles

What’s Really Happening with Home Prices? [INFOGRAPHIC]

By Stacey Towns | Jan 20, 2023

What’s Really Happening with Home Prices? [INFOGRAPHIC] Simplifying The Market

Some Highlights

  • If you’re thinking about selling your house, recent headlines about home prices falling month-over-month may have you second guessing your decision—but perspective matters.
  • While home prices are down slightly month-over-month in some markets, home values are still up almost 10% nationally on a year-over-year basis. A nearly 10% gain is still dramatic compared to the more normal level of appreciation, which is 3-4%.
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A Majority of Consumers Say It’s a Good Time To Sell Your House

By Stacey Towns | Jan 19, 2023

A Majority of Consumers Say It’s a Good Time To Sell Your House Simplifying The MarketIf you’re a homeowner thinking about selling your house, you’re probably looking for the best time to make your move. That means you’re likely balancing a number of factors, like your changing needs, where you’ll go when you sell, and today’s mortgage rates in order to time it just right.

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Pre-Approval in 2023: What You Need To Know

By Stacey Towns | Jan 19, 2023

Pre-Approval in 2023: What You Need To Know Simplifying The MarketOne of the first steps in your homebuying journey is getting pre-approved. To understand why it’s such an important step, you need to understand what pre-approval is and what it does for you. Business Insider explains:

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Have Home Values Hit Bottom?

By Stacey Towns | Jan 18, 2023

Have Home Values Hit Bottom? Simplifying The MarketWhether you’re already a homeowner or you’re looking to become one, the recent headlines about home prices may leave you with more questions than answers. News stories are talking about home prices falling, and that’s raising concerns about a repeat of what happened to prices in the crash in 2008.

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Think Twice Before Waiting for 3% Mortgage Rates

By Stacey Towns | Jan 17, 2023

Think Twice Before Waiting for 3% Mortgage Rates Simplifying The MarketLast year, the Federal Reserve took action to try to bring down inflation. In response to those efforts, mortgage rates jumped up rapidly from the record lows we saw in 2021, peaking at just over 7% last October. Hopeful buyers experienced a hit to their purchasing power as a result, and some decided to press pause on their plans.

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What Past Recessions Tell Us About the Housing Market

By Stacey Towns | Jan 16, 2023

What Past Recessions Tell Us About the Housing Market Simplifying The MarketIt 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 determined by a broad range of factors, so rather than explaining them each in depth, let’s lean on the experts and what history tells us to see what could lie ahead. As Greg McBride, Chief Financial Analyst at Bankrate, says:

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Key Terms To Know When Buying a Home [INFOGRAPHIC]

By Stacey Towns | Jan 13, 2023

Key Terms To Know When Buying a Home [INFOGRAPHIC] Simplifying The Market

Some Highlights

  • Buying a home is a major transaction that can seem even more complex when you don’t understand the terms used throughout the process.
  • If you’re looking to become a homeowner this year, it’s important to know these housing terms and how they relate to the current market so you feel confident throughout the homebuying process.
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Is It Time To Sell Your Second Home?

By Stacey Towns | Jan 12, 2023

Is It Time To Sell Your Second Home? Simplifying The MarketDuring the pandemic, second homes became popular because of the rise in work-from-home flexibility. That’s because owning a second home, especially in the luxury market, allowed those homeowners to spend more time in their favorite places or with different home features. Keep in mind, a luxury home isn’t only defined by price. In a recent article, Investopedia shares additional factors that push a home into this category: location, such as a home on the water or in a desirable city, and features, the things that make the home itself feel luxurious.

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Today’s Housing Market Is Nothing Like 15 Years Ago

By Stacey Towns | Jan 11, 2023

Today’s Housing Market Is Nothing Like 15 Years Ago Simplifying The MarketThere’s no doubt today’s housing market is very different than the frenzied one from the past couple of years. In the second half of 2022, there was a dramatic shift in real estate, and it caused many people to make comparisons to the 2008 housing crisis. While there may be a few similarities, when looking at key variables now compared to the last housing cycle, there are significant differences.

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The Truth About Negative Home Equity Headlines

By Stacey Towns | Jan 10, 2023

The Truth About Negative Home Equity Headlines Simplifying The MarketHome equity has been a hot topic in real estate news lately. And if you’ve been following along, you may have heard there’s a growing number of homeowners with negative equity. But don’t let those headlines scare you.

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Home Design Trends to Watch this Year

By Stacey Towns | Mar 20, 2018

We frequently get questions from clients who are taking on decorating and remodeling projects and want to ensure their dollars are invested wisely. Which looks will last for years to come, and which ones will feel dated quickly? What colors and styles are most popular among buyers in our area? How can I add the […]

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At Stacey Towns Realty We Have Been Selling Houses like Hot Cakes So far in 2018 – Do You Need to Sell?

By Stacey Towns | Mar 9, 2018

Need to sell your home? Give us a Call 863-422-1585

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