Todd Your Local Realtor

Are More Homes Coming onto the Market?- Todd Mowry Your Local Orlando Area Realtor

An important factor shaping today’s market is the number of homes for sale. And, if you’re considering whether or not to list your house, that’s one of the biggest advantages you have right now. When housing inventory is this low, your house will stand out, especially if it’s priced right.

But there are some early signs that more listings are coming. According to the latest data, new listings (homeowners who just put their house up for sale) are trending up. Here’s a look at why this is noteworthy and what it may mean for you.

Why It’s Still a Seller’s Market Today- Todd Mowry Your Local Orlando Area Realtor

Even though activity in the housing market has slowed from the frenzy that was the ‘unicorn’ years, it’s still a seller’s market because the supply of homes for sale is so low. But what does that really mean for you? And why are conditions today so good if you want to sell your house?

Expert Home Price Forecasts Revised Up for 2023- Todd Mowry Your Local Orlando Area Realtor

Toward the end of last year, there were a number of headlines saying home prices were going to fall substantially in 2023. That led to a lot of fear and questions about whether there was going to be a repeat of the housing crash that happened back in 2008. But the headlines got it wrong.

Buyer Traffic Is Still Stronger than the Norm- Todd Mowry Your Local Orlando Area Realtor

Are you putting off selling your house because you’re worried no one’s buying because of where mortgage rates are? If so, know this: the latest data shows plenty of buyers are still out there, and they’re purchasing homes today. Here’s the data to prove it. The ShowingTime Showing Index is a measure of buyers touring homes. The graph below uses theContinue reading “Buyer Traffic Is Still Stronger than the Norm- Todd Mowry Your Local Orlando Area Realtor”

Why Median Home Sales Price Is Confusing Right Now- Todd Mowry Your Local Orlando Area Realtor

The National Association of Realtors (NAR) is set to release its most recent Existing Home Sales (EHS) report tomorrow. This monthly release provides information on the volume of sales and price trends for homes that have previously been owned. In the upcoming release, it’ll likely say home prices are down. This may seem a bit confusing, especially if you’ve been following along and reading the blogs saying home prices have hit the bottom and have since rebounded. So, why would this say home prices are falling when so many other price reports say they’re going back up? It all depends on the methodology of each one. NAR reports on the median home sales price, while some other sources use repeat sales prices. Here’s how those approaches differ…..

Where People Are Moving Today and Why?- Todd Mowry Your Local Orlando Area Realtor

Plenty of people are still moving these days. And if you’re thinking of making a move yourself, you may be considering the inventory and affordability challenges in the housing market and wondering what you can do to help offset those. A new report from Gravy Analytics provides insight into where people are searching for homes and what they’re prioritizing most right now. That information could help you plan your own move.

Sellers This Is For You …There’s Only Half the Inventory of a Normal Housing Market Today. Time To Take Advantage Of It- Todd Mowry Your Local Orlando Area Realtor

Wondering if it still makes sense to sell your house right now? The short answer is, yes. Especially if you consider how few homes there are for sale today.You may have heard inventory is low right now, but you may not fully realize just how low or why that’s a perk when you go to sell your house. ThisContinue reading “Sellers This Is For You …There’s Only Half the Inventory of a Normal Housing Market Today. Time To Take Advantage Of It- Todd Mowry Your Local Orlando Area Realtor”

Don’t Fall for the Next Shocking Headlines About Home Prices- Todd Mowry Your Local Orlando Realtor

If you’re thinking of buying or selling a home, one of the biggest questions you have right now is probably: what’s happening with home prices? And it’s no surprise you don’t have the clarity you need on that topic. Part of the issue is how headlines are talking about prices.They’re basing their negative news by comparing current stats to the last few years.Continue reading “Don’t Fall for the Next Shocking Headlines About Home Prices- Todd Mowry Your Local Orlando Realtor”

Renovate or Relocate? 3 Questions To Help You Decide- Todd Mowry Your Local Orlando Area Realtor

Does your current home no longer serve your needs? If so, you may be torn between relocating to a new home or renovating your existing one. This can be a difficult choice, and there’s a lot to consider—including potential costs, long-term financial implications, and quality of life. A major remodel can be aContinue reading “Renovate or Relocate? 3 Questions To Help You Decide- Todd Mowry Your Local Orlando Area Realtor”

Why Homeownership Wins in the Long Run-Todd Mowry Your Local Orlando Realtor

Today’s higher mortgage rates, inflationary pressures, and concerns about a potential recession have some people questioning: should I still buy a home this year? While it’s true this year has unique challenges for homebuyers, it’s important to think about the long-term benefits of homeownership when making your decision