By Aarthi Swaminathan
The numbers: Home prices rose in March as sellers held out on listing their homes, constraining supply.
Despite elevated mortgage rates, the S&P CoreLogic Case-Shiller 20-city home-price index rose 0.5% in March, as compared with the previous month.
Home prices were strongest in the Southeast, while prices in the West continued to drag. Though buyer demand has outpaced supply in March, surging mortgage rates may dampen home sales. The rate for the 30-year mortgage in May is over 7%, according to Mortgage News Daily.
Year-over-year appreciation was down 1.1%, a dip after home prices rose 0.4% in February. The 20-city index peaked in June 2022.
A broader measure...
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By: Keeping Currents Matter
There’s been some concern lately that the housing market is headed for a crash. And given some of the affordability challenges in the housing market, along with a lot of recession talk in the media, it’s easy enough to understand why that worry has come up.
But the data clearly shows today’s market is very different than it was before the housing crash in 2008. Rest assured, this isn’t a repeat of what happened back then. Here’s why.
It’s Harder To Get a Loan Now
It was much easier to get a home loan during the lead-up to the 2008 housing crisis than it is today. Back...
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The Spruce|By TAI MASSIMILIAN
Have you ever cleaned every inch of a room only to come back 10 minutes later and see a fine layer of dust settled everywhere? No, it's not your ineffective cleaning skills—the most likely culprit? Your ceiling fan. Ceiling fans are a great, low-cost way to keep your home cool during the summer months, but if they are not cleaned regularly, they can ruin all your hard work.
Picture this: your room is pristine and smelling fresh right after a good deep clean. You believe you covered every inch, but then, you switch on your ceiling fan, and the dust monster returns. If you are...
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There was a point, not too long ago, when buying a house was fairly straightforward: You’d schedule some tours, make an offer, and boom, you’re in the house before you know it.🏡
Today, though, the housing market is a very different animal—fast, ferocious, and ever-changing. In such an environment, it’s no longer a given that all homebuyers will easily find a house and seal the deal. And even more surprisingly, those lucky folks who do succeed aren’t just sitting on piles of cash. On the contrary, real estate agents and other experts we spoke to say that successful homebuyers today simply possess a particular mindset and behaviors that...
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Thinking of taking the next BIG step with your partner?! 💑 We recommend clearing the air 🌬️ before starting your house-hunting journey 🏡
:::Things To Discuss:::
📐 Features: The number of bedrooms, bathrooms and layout can make a big difference in your day-to-day life. Does one of you want a larger suburban home to grow into and the other a low-maintenance bungalow in the city?
📍 Location & Lifestyle: What will commuting look like for each of you? Where are your interests and hobbies located, and do they differ?
💳 Credit Score: Does one of you have great credit and the other… well, not so much? Discuss how this could impact...
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One of the biggest missteps sellers make is pricing their home too high.
Starting too high can cause a downward spiral that looks a little like this:
⬇️ Buyers avoid setting up tours of your property
⬇️ Your home sits on the market for weeks with little to no activity
⬇️ Eventually, you’re forced to drop your price in desperation
Fortunately, you can avoid this scenario in three easy steps.
Contact us for a free home value assessment!
📲 415-302-3198
📩 jenn@jennpfeiffer.com...
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It’s easy to get swept up in the excitement of buying a home. Once you’ve had an offer accepted on your dream house, you’ll probably be anxious to move in. However, before you make a significant financial commitment, it’s best to know exactly what you’re buying.
When you hire a home inspector, you get a professional, in-depth examination of the property’s structures and systems. It’s a worthwhile investment that can save you money in the long run, either by warning you away from a bad purchase or by providing a list of deficiencies you can use to negotiate with the sellers.
However, many buyers make mistakes...
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