Crystal Saves The Deal

  Many of today’s homeowners bought or refinanced their homes during the pandemic when mortgage rates were at history-making lows. Since rates doubled in 2022, some of those homeowners put their plans to move on hold, not wanting to lose the low mortgage rate they have on their current house. And while today’s rates have started coming down from last year’s peak, they’re still higher than they were a couple of years ago. Today, 93% of outstanding mortgages have a rate at or below 6%. That means a strong majority of homeowners with mortgages have a rate below what they’d get if they moved right now. But if you’re a homeowner in that position, remember that mortgage rates aren’t the only thing to consider when making a move. Your mortgage rate is important, but there are plenty of reasons you may still need or want to move. RealTrends explains: “Sellers who don’t have to move won’t be moving. The most common sellers will be: Homeowners downsizing . . . people moving to get more space...

  The Current Housing Shortage Helps Keep Home Prices from Crashing The current housing shortage helps keep home prices from crashing. To learn about home prices in our local market, let’s connect. Watch the Video Why Buying a Home Is a Sound Decision Read the Full Post Reasons To Consider Condos in Your Home Search Read the Full Post What’s Ahead for Home Prices in 2023 Read the Full Post Condos Are a Great Entryway to Homeownership Watch the Video Crystal Swearingen Crystal Clear Realty Lawrence, Ks (785) 550-3424 www.crystalclearsells.com ...

  Why Buying a Home Is a Sound Decision If you’re  thinking  about  buying  a home, you want to know the decision will be a good one. And for many, that means thinking about what home prices are  projected to do  in the coming years and how that could impact your investment.  This year, we aren’t seeing home prices fall dramatically. As the year goes on, however, some markets may go up in value while others may lose value. That’s why it’s helpful to keep the  long-term  view in mind. Experts project a return to a steadier rate of price appreciation in the years that follow. Home Price Appreciation in the Years Ahead Over 100 economists, investment strategists, and housing market analysts were polled by  Pulsenomics  in their latest quarterly  Home Price Expectation Survey  (HPES). The report indicates what they believe will happen with home prices over the next five years. As the graph below shows, after mild deprecia...

  Get Ready: The Best Time To List Your House Is Almost Here If you’re  thinking  about selling this spring, it’s time to get moving – the best week to list your house is fast approaching. Experts at  realtor.com  looked at seasonal trends from recent years (excluding 2020 as an uncharacteristic year due to the onset of the pandemic) and determined the ideal week to list a house this year: “Home sellers on the fence waiting for that perfect moment to sell should start preparations, because the best time to list a home in 2023 is approaching quickly.  The week of April 16-22 is expected to have the ideal balance of housing market conditions that favor home sellers, more so than any other week in the year. ” If you’ve been waiting for the best time to sell, this is your chance. But remember, before you put your house on the market, you’ve got to  get it ready . And if you haven’t started that process yet, you’ll need to move quickly. Here’s what you shou...