Even though you may have heard talk that prices would drop 5, 10, or even 20% this year, that hasn’t happened. The big reason why is the supply of homes for sale is too low. There are just more buyers looking to buy than homes available, and that’s kept prices from falling.
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The Return of Normal Seasonality for Home Price Appreciation
In the housing market, there are predictable ebbs and flows that happen each year. It’s called seasonality. Spring is the peak homebuying season when the market is most active. That activity is typically still strong in the summer but begins to wane as the cooler months approach. Home prices follow along with seasonality because prices appreciate most when something is in high demand.
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?
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”
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.
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”
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
Are Home Prices Going Up or Down? That Depends… What Do The Experts At Keeping Current Matters Think? – Todd Mowry Your Local Orlando Area Realtor
Media coverage about what’s happening with home prices can be confusing. A large part of that is due to the type of data being used and what they’re choosing to draw attention to. For home prices, there are two different methods used to compare home prices over different time periods: year-over-year (Y-O-Y) and month-over-month (M-O-M). Here’s an explanation of each.
Home Equity Playbook- Todd Mowry Your Local Orlando Area Realtor
Do you have equity? Do you know what power you have with it ?
How to Buy a Home: 7 Tips and Tricks from Real Estate Insiders-Todd Mowry Your Local Orlando Area Realtor
No matter if you’re in a buyer’s or seller’s market, there are a few critical steps you can take to make a smarter purchase. Since buying a home is likely the biggest single investment you will ever make, being prepared will help you make a better purchase. Here are our best tips to buying a home.