More than just a house

As shelter-in-place orders were issued due to COVID 19, houses across the country doubled as offices, classrooms, gyms, places of worship, and much more. This unusual time has revealed just how much we look to our homes to provide a sense of stability, safety and comfort.

Americans have long been known for caring deeply about homeownership. For some, it represents the next step in adulthood, a sign of financial independence or the ideal setting for raising a family. For others, it means putting down roots and investing in a community.

The housing market is also vital to our economy. The National Association of Realtors estimates that for every two homes sold in the U.S., one job is created. Forbes.com explains: “With each home sale, there are expenditures related to lawn care, home remodeling, new furniture, mortgage origination, moving, and an inducement to build new homes.”

In spite of recent economic challenges, resale properties continue to be in very high demand. This is true largely because buying a home is an extremely personal decision based on the needs of each individual or family. If you’re ready to buy or sell, let’s talk soon to discuss your unique circumstances.

Don’t Stop Here

More To Explore

Renting vs. Buying: The Net Worth Gap You Need To See

November 8, 2024 No Comments

Trying to decide between renting or buying a home? One key factor that could help you choose is just how much homeownership can grow your net worth. Every three years, the Federal Reserve Board shares a report called the Survey of Consumer Finances (SCF). It shows how much wealth homeowners and renters have – and the difference is significant. On

Are We Heading into a Balanced Market?

September 10, 2024 No Comments

If you’ve been keeping an eye on the housing market over the past couple of years, you know sellers have had the upper hand. But is that going to shift now that inventory is growing? Here’s a breakdown of what you need to know. What Is a Balanced Market? A balanced market is generally defined as a

U.S. Migration Trends: Where are people moving to and from?

January 26, 2024 No Comments

Nationwide, 24% of homebuyers searched to move to a different metro area between Oct ’23 – Dec ’23. The top 5 states homebuyers searched to move to were Florida, North Carolina, Tennessee, South Carolina, and Arizona while California, New York, Illinois, Massachusetts, and Washington were the top 5 states homebuyers searched to move from. Of

Down Payment Assistance Programs Can Help Pave the Way to Homeownership

December 12, 2023 No Comments

If you’re looking to buy a home, your down payment doesn’t have to be a big hurdle. According to the National Association of Realtors (NAR), 38% of first-time homebuyers find saving for a down payment the most challenging step. But the reality is, you probably don’t need to put down as much as you think: Data from NAR shows the median

Two Reasons You Should Sell Your House

April 7, 2023 No Comments

Wondering if you should sell your house this year? As you make your decision, think about what’s motivating you to consider moving. A recent survey from realtor.com asked why homeowners are thinking about selling their houses this year. Here are the top two reasons (see graphic below): Let’s break those reasons down and explore how they might resonate with

What’s Ahead for Home Prices in 2023

March 24, 2023 No Comments

Over the past year, home prices have been a widely debated topic. Some have said we’ll see a massive drop in prices and that this could be a repeat of 2008 – which hasn’t happened. Others have forecasted a real estate market that could see slight appreciation or depreciation depending on the area of the country.