Thursday, May 19, 2022 / by Ken Couture
If you’re trying to decide whether to rent or buy a home, you’re probably weighing a few different factors. The financial benefits of homeownership might be one of the reasons you want to make a purchase if you’re a renter, but the decision can also be motivated by having a place that’s uniquely your own.
If you want to express yourself by upgrading and customizing your living space but are feeling held back by your rental agreement, it might be time to consider the perks of owning your home.
A Little Change Can Bring Lots of Joy
There’s a significant level of pride that comes from owning a home. That’s because it’s a space that truly belongs to you.
A recent report from the National Association of Realtors (NAR) shows making updates or remodeling your home can help you feel more at ease and comfortable in your living space. NAR measures this with a Joy Score that indicates how much happiness specific home upgrades bring. According to NAR ...
Wednesday, May 18, 2022 / by Ken Couture
One of the main obstacles purchasers have in today's housing market, according to a new poll by the National Association of Realtors (NAR), is finding a property that fulfills their criteria. This is due to the current low inventory of available properties for sale.
You may have seen this if you're seeking to buy a house. However, there is some good news. Additional sellers are advertising their homes this season, according to recent data, giving you more possibilities in your home hunt.
Early Signs Inventory May Be Growing
The latest data from realtor.com shows the number of listings coming onto the market, known in the industry as “new listings,” has increased since the start of the year (see graph below):
This indicates more sellers are listing their homes for sale each month this year. And according to realtor.com, this growth is expected to continue. Their research finds the majority of potential sellers plan to list their homes over the next six months. Real ...
Tuesday, May 17, 2022 / by Ken Couture
While you may have noticed recent reports regarding the high number of foreclosures in today's market, it's vital to keep the context in mind. Many homeowners were able to use the forbearance scheme to put their mortgage payments on hold throughout the epidemic. The idea was to provide financial assistance to homeowners throughout the healthcare crisis.
Many analysts were afraid when the forbearance program began that it might result in a wave of foreclosures, similar to what happened following the housing meltdown in 2008. Here's why the current amount of foreclosures is so different from the previous one.
1. There are Fewer Troubled Homeowners
According to current data, the majority of homeowners are either fully caught up on payments or have a plan from the bank to modify their loan so that they may start making payments again.
According to the MBA research referenced above, around 525,000 homeowners are still in forbearance today. Fortunately, those individuals still have t ...
Monday, May 16, 2022 / by Ken Couture
In today's property market, homeowners have a fantastic chance to sell their home for the best possible price and terms. This is due to a limited quantity of available properties, which creates rivalry among purchasers. Currently, homebuyers are looking for three things:
To be the winning bid on their dream home
To buy before mortgage rates rise more
To buy before home prices go even higher
When selling, these buyer needs provide you a huge edge, also known as leverage.
What Does This Mean for Today's Sellers?
You may already be aware that this allows you to sell for a reasonable price, but it also puts you in an excellent position to negotiate the finest conditions for your requirements.
According to the latest Realtors Confidence Index from the National Association of Realtors (NAR), the average home sold is receiving 4.8 offers. That’s why there’s a good chance you’ll get offers from multiple buyers who are willing to compete for your house. When you d ...
Wednesday, May 11, 2022 / by Ken Couture
Luxury purchasers now have more alternatives than waiting two years to create their dream house. They are increasingly choosing to work with licensed architects and builders who can provide an evolved custom build experience — a completely unique and curated custom home in less time, at a more affordable price, and without the numerous heartaches and frustrations that come with a traditional custom build.
A curated bespoke house, unlike the traditional procedure, is generally move-in ready and meant to appeal to a discerning customer. This reinvented bespoke house construction method has lately acquired favor among professional architects and clients, particularly in the last two years, when inventory has been substantially lower and the primary objective for new home constructions has been to finish them swiftly.
Curated custom houses are comparable to regular custom homes in that they have a one-of-a-kind design. Unlike traditional construction, which requires clients to be ...