Housing Market Updates - Wheeler Ranch Realty

Will the Housing Market Bloom This Spring?

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

$\"Will$ Spring is almost here, and many are wondering what it will bring for the housing market. Even though the pandemic continues on, it’s certain to be very different from the spring we experienced at this time last year. Here’s what a few industry experts have to say about the housing market and how it will […]

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6 Simple Graphs Proving This Is Nothing Like Last Time

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

$\"6$ Last March, many involved in the residential housing industry feared the market would be crushed under the pressure of a once-in-a-lifetime pandemic. Instead, real estate had one of its best years ever. Home sales and prices were both up substantially over the year before. 2020 was so strong that many now fear the market’s exuberance […]

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How Upset Should You Be about 3% Mortgage Rates?

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

$\"How$ Last Thursday, Freddie Mac announced that their 30-year fixed mortgage rate was over 3% (3.02%) for the first time since last July. That news dominated real estate headlines that day and the next. Articles talked about the “negative impact” it may have on the housing market. However, we should realize two things: 1. The bump-up […]

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5 Reasons to Sell Your House This Spring

For Sellers, Housing Market Updates, Move-Up Buyers, Pricing, Selling Myths / zebrastripes123

$\"5$ When selling a house, most homeowners hope for a quick and profitable transaction that puts them in a position to make a great move. If you’re waiting for the best time to win as a seller, the market is calling your name this spring. Here are five reasons why this is the perfect time to […]

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Is It a Good Time to Sell My House?

For Sellers, Housing Market Updates, Move-Up Buyers, Pricing, Selling Myths / zebrastripes123

$\"Is$ Last year, many homeowners thought twice about selling their houses due to the onset of the health crisis. This year, however, homeowners are beginning to regain their confidence when it comes to selling safely. The latest Home Purchase Sentiment Index (HPSI) by Fannie Mae shows that 57% of consumers believe now is a good time […]

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Home Prices: What Happened in 2020? What Will Happen This Year?

For Sellers, Housing Market Updates, Move-Up Buyers, Pricing / zebrastripes123

$\"Home$ The real estate market was on fire during the second half of 2020. Buyer demand was way up, and the supply of homes available for sale hit record lows. The price of anything is determined by the supply and demand ratio, so home prices skyrocketed last year. Dr. Lynn Fisher, Deputy Director of the Federal […]

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It’s a Sellers’ Market [INFOGRAPHIC]

For Sellers, Housing Market Updates, Infographics, Move-Up Buyers, Pricing / zebrastripes123

Some Highlights

Over the past year, homeowners have gained an unprecedented opportunity to sell with great success while buyer demand is soaring.
With homes selling twice as fast as they did last year at this time, getting multiple offers, and risin…

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Are There Going to Be More Homes to Buy This Year?

Buying Myths, Distressed Properties, First Time Home Buyers, For Buyers, For Sellers, Foreclosures, Housing Market Updates, Move-Up Buyers, New Construction, Selling Myths / zebrastripes123

$\"Are$ If you’re looking for a home to purchase right now and having trouble finding one, you’re not alone. At a time like this when there are so few houses for sale, it’s normal to wonder if you’ll actually find one to buy. According to the National Association of Realtors (NAR), across the country, inventory of […]

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How Much Leverage Do Today’s House Sellers Have?

For Sellers, Housing Market Updates, Move-Up Buyers, New Construction, Pricing, Selling Myths / zebrastripes123

$\"How$ The housing market has been scorching hot over the last twelve months. Buyers and their high demand have far outnumbered sellers and a short supply of houses. According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), sales are up 23.7% from the same time last year while the inventory […]

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The Reason Mortgage Rates Are Projected to Increase and What It Means for You

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

$\"The$ We’re currently experiencing historically low mortgage rates. Over the last fifty years, the average on a Freddie Mac 30-year fixed-rate mortgage has been 7.76%. Today, that rate is 2.81%. Flocks of homebuyers have been taking advantage of these remarkably low rates over the last twelve months. However, there’s no guarantee rates will remain this low […]

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