January 2022 was the most competitive month ever for house hunters due to new families, remote workers, and rising mortgage rates according to Bloomberg. “It’s been incredibly frustrating,†said Erin Damato, in an interview with Bloomberg. “House prices have gone up about $100,000 since we’ve been looking.†Damato and her husband have been seriously hunting… [Read More]
What to expect in 2022’s spring market
The agreement of much of the real estate industry was that the spring housing market, which happens to be the industry’s peak season, would be less frenzied this year. At least that was the thought when ushering in 2022. The consensus was that it couldn’t get much worse than spring of 2021 when over 70%… [Read More]
Is now the right time to be a buyer?
The bidding wars and rising housing prices that defined the 2021 market forced frustrated buyers to the sidelines with hopes that the 2022 market would cool. Unfortunately for those buyers, the new year hasn’t brought lower pricing. According to industry experts, the seller’s market is here to stay. “The 2022 housing market is skewed heavily… [Read More]
Charlotte metro area home prices are rising, deals can still be found
The real estate market in Charlotte is hot, and some are wondering if they can afford a mortgage. Despite the rise in home prices, experts say there are still areas where you may get a good deal, especially if you’re prepared to widen your search or do some of the maintenance yourself on your new… [Read More]
New Survey Suggests Real Estate Craze Was Not as Intense as Indicated
Anecdotal evidence that the late-2020-into-early-2021 real estate market was hot but new data from Zillow’s Consumer Housing Trends Report debunks a common misconception that all buyers experienced a grim reality when it came to home buying. The record-setting housing market that begin several months after the onset of the covid-19 pandemic brought reports of frustrated… [Read More]
How Much Should You Put Down on a House?
20% is often touted as the amount for any prospective homebuyer and that may have been true years ago, these days there are more flexible funding options available. Unless you are part of the small percentage of homebuyers who are able to put in an all-cash offer, you will likely need a mortgage and a… [Read More]