Is It Time To Sell Your Second Home?
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During the pandemic, second homes became popular because of the rise in work-from-home flexibility. That’s because owning a second home, especially in the luxury market, allowed those homeowners to spend more time in their favorite places or with different home features. Keep in mind, a luxury home isn’t only defined by price. In a recent article, Investopedia shares additional factors that push a home into this category: location, such as a home on the water or in a desirable city, and features, the things that make the home itself feel luxurious.
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With higher mortgage rates and moderating buyer demand, conditions in the housing market are different today. And if you’re thinking of selling your house, it’s important to understand how the market has changed and what that means for you. The best way to make sure you’re in the know is to work with a trusted […]![\"Confused](\"https://files.simplifyingthemarket.com/wp-content/uploads/2022/12/20121400/confused-about-whats-going-on-in-the-housing-market-lean-on-a-professional-KCM-549x300.jpg\")
If you’re thinking about buying or selling a home, you probably want to know what’s really happening with home prices, mortgage rates, housing supply, and more. That’s not an easy task considering how sensationalized headlines are today. Jay Thompson, Real Estate Industry Consultant, explains: “Housing market headlines are everywhere. Many are quite sensational, ending with […]![\"What](\"https://files.simplifyingthemarket.com/wp-content/uploads/2022/12/19163011/what-to-expect-from-the-housing-market-in-2023-KCM-549x300.jpg\")
The 2022 housing market has been defined by two key things: inflation and rapidly rising mortgage rates. And in many ways, it’s put the market into a reset position. As the Federal Reserve (the Fed) made moves this year to try to lower inflation, mortgage rates more than doubled – something that’s never happened before […]![\"Homeowners](\"https://files.simplifyingthemarket.com/wp-content/uploads/2022/12/15174818/homeowners-still-have-positive-equity-gains-over-the-past-12-months-KCM-1-549x300.jpg\")
If you’re a homeowner, your net worth got a big boost over the past few years thanks to rapidly rising home prices. Here’s how it happened and what it means for you, even as the market moderates. Equity is the current value of your home minus what you owe on the loan. Because there was […]![\"2023](\"https://files.simplifyingthemarket.com/wp-content/uploads/2022/12/15124934/2023-Housing-Market-Forecast-KCM-Share-549x300.png\")
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If you’re thinking about retirement or have already retired this year, you may be planning your next steps. One of your goals could be selling your house and finding a home that more closely fits your needs. Fortunately, you may be in a better position to make a move than you realize. Here are a […]![\"Ready](\"https://files.simplifyingthemarket.com/wp-content/uploads/2022/12/12131953/ready-to-sell-todays-housing-supply-gives-you-two-opportunities-KCM-549x300.jpg\")
At first glance, the increase in housing supply compared to last year may not sound like good news for prospective sellers, but it actually gives you two key opportunities in today’s housing market. An article from Calculated Risk helps put the inventory gains the market has seen in 2022 into perspective by comparing it to recent […]![\"What](\"https://files.simplifyingthemarket.com/wp-content/uploads/2022/12/09102421/what-every-seller-should-know-about-home-prices-KCM-549x300.jpg\")
If you’re trying to decide whether or not to sell your house, recent headlines about home prices may be top of mind. And if those stories have you wondering what that means for your home’s value, here’s what you really need to know. What’s Really Happening with Home Prices? It’s possible you’ve seen news stories […]