Expert Forecasts on Mortgage Rates
If you’ve been thinking of buying a home, you may have been watching what’s happened with mortgage rates over the past year. It’s true they’ve risen dramatically, but where will they go from here, especially as the market continues to slow? As you think about your homeownership goals and decide if now’s the time to.. read more →
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How Owning a Home Builds Your Net Worth
Owning a home is a major financial milestone and an achievement to take pride in. One major reason: the equity you build as a homeowner gives your net worth a big boost. And with high inflation right now, the link between owning your home and building your wealth is especially important. If you’re looking to.. read more →
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Here’s Why It’s Still a Sellers’ Market [INFOGRAPHIC]
![Here’s Why It’s Still a Sellers’ Market [INFOGRAPHIC]](https://i0.wp.com/sandpointrealtyidaho.com/blog/wp-content/uploads/2022/09/20220902-KCM-Share-549x300-1-492x269.png)
Some Highlights While buyer demand has moderated and housing supply has grown in recent months, it’s still a sellers’ market because inventory is low. The latest data shows sellers continue to benefit from serious buyers and competitive offers. In July, the average home received 2.8 offers and 39% sold over the asking price. You haven’t.. read more →
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New Homes May Have the Incentives You’re Looking for Today
According to the U.S. Census Bureau, this year, builders are on pace to complete more than a million new homes in this country. If you’ve had trouble finding a home to buy over the past year, it may be time to work with your trusted agent to consider a new build and the incentives that.. read more →
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Buyers: You May Face Less Competition as Bidding Wars Ease
One of the top stories in recent real estate headlines was the intensity and frequency of bidding wars. With so many buyers looking to purchase a home and so few of them available for sale, fiercely competitive bidding wars became the norm during the pandemic – and it drove home prices up. If you tried.. read more →
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What’s Actually Happening with Home Prices Today?
One of the biggest questions people are asking right now is: what’s happening with home prices? There are headlines about ongoing price appreciation, but at the same time, some sellers are reducing the price of their homes. That can feel confusing and makes it more difficult to get a clear picture. Part of the challenge.. read more →
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A Trusted Real Estate Advisor Provides Expert Advice
If you’re a homeowner or are planning to become one soon, you’re probably looking for clear information about today’s housing market. And if you’ve turned to the news or even just read headlines recently, you might feel like you’re left with more questions than answers. The best way to make sure you get what you.. read more →
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What Would a Recession Mean for the Housing Market? [INFOGRAPHIC]
![What Would a Recession Mean for the Housing Market? [INFOGRAPHIC]](https://i0.wp.com/sandpointrealtyidaho.com/blog/wp-content/uploads/2022/08/20220826-KCM-Share-549x300-2-492x269.png)
Some Highlights If you’re wondering what a potential recession could mean for the housing market, here’s what history tells us. In four of the last six recessions, home prices actually appreciated, only falling during the early 90s and the housing crash in 2008. Mortgage rates, though, declined during each of the previous recessions. If you.. read more →
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What Does a Recession Mean for the Housing Market? [INFOGRAPHIC]
![What Does a Recession Mean for the Housing Market? [INFOGRAPHIC]](https://i0.wp.com/sandpointrealtyidaho.com/blog/wp-content/uploads/2022/08/20220826-KCM-Share-549x300-1-492x269.png)
Some Highlights If you’re wondering what a potential recession could mean for the housing market, here’s what history tells us. In four of the last six recessions, home prices actually appreciated, only falling during the early 90s and the housing crash in 2008. Mortgage rates, though, declined during each of the previous recessions. If you.. read more →
