Housing Market Updates - Wheeler Ranch Realty

Is It Time To Sell Your Second Home?

For Sellers, Housing Market Updates, Luxury Market / By zebrastripes123

$\"Is$ 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.

What To Expect From the Housing Market in 2023

For Buyers, For Sellers, Housing Market Updates, Interest Rates, Pricing / By zebrastripes123

$\"What$ 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 Still Have Positive Equity Gains over the Past 12 Months

For Sellers, Housing Market Updates, Pricing / By zebrastripes123

$\"Homeowners$ 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 […]

Mortgage Rates Are Dropping. What Does That Mean for You?

Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers / By zebrastripes123

$\"Mortgage$ Mortgage rates have been a hot topic in the housing market over the past 12 months. Compared to the beginning of 2022, rates have risen dramatically. Now they’re dropping, and that has to do with everything happening in the economy. Nadia Evangelou, Senior Economist and Director of Forecasting at the National Association of Realtors (NAR), […]

2023 Housing Market Forecast [INFOGRAPHIC]

For Buyers, For Sellers, Housing Market Updates, Infographics, Interest Rates / By zebrastripes123

$\"2023$

Some Highlights

From home sales to prices, the 2023 housing market will be defined by mortgage rates. And where rates go depends on what happens with inflation.
If you’re thinking of buying or selling a home this year, let’s connect so you understand where the housing market is headed in 2023.

You May Have More Negotiation Power When You Buy a Home Today

Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers / By zebrastripes123

$\"You$ Did the frequency and intensity of bidding wars over the past two years make you put your home search on hold? If so, you should know the hyper competitive market has cooled this year as buyer demand has moderated and housing supply has grown. Those two factors combined mean you may see less competition from […]

Ready To Sell? Today’s Housing Supply Gives You Two Opportunities.

For Sellers, Housing Market Updates, Selling Myths / By zebrastripes123

$\"Ready$ 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 Every Seller Should Know About Home Prices

For Sellers, Housing Market Updates, Selling Myths / By zebrastripes123

$\"What$ 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 […]

Reasons To Sell Your House This Season [INFOGRAPHIC]

For Sellers, Housing Market Updates, Infographics, Selling Myths / By zebrastripes123

Some Highlights

If you’re planning to make a move but aren’t sure if now’s the right time, here are a few reasons why you shouldn’t wait to sell your house.
The supply of homes for sale, while growing, is still low today. Plus, serious buyers are ou…

Key Advantages of Buying a Home Today

Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers / By zebrastripes123

$\"Key$ There’s no doubt buying a home today is different than it was over the past couple of years, and the shift in the market has led to advantages for buyers today. Right now, there are specific reasons that make this housing market attractive for those who’ve thought about buying but have sidelined their search due […]