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Yearly Archives: 2024

Expect the Unexpected: Anticipating Volatility in Today’s Housing Market You’ve probably noticed one thing if you’re thinking about making a move: the housing market feels a bit unpredictable right now. The truth is, from home prices to mortgage rates, we’re seeing more volatility – and it’s important to understand why. At a high-level, let’s break down what’s happening and the best way to navigate it. What’s Driving Today’s Market Volatility? Factors like economic data, unemployment numbers, decisions coming out of the Federal Reserve (The Fed), and even the presidential election, are creating uncertainty right now – and uncertainty leads to market volatility. You can see that when you look at what’s happening with mortgage rates. New economic reports and other geopolitical events have an impact and can cause sudden shifts up or down, even though experts still forecast rates will come down overall. We’ve seen that effect play out recently, like when employment and inflation data get released each month. And as the markets react, these types of updates will continue to have an impact on rates moving forward. As Greg McBride, CFA, Chief Financial Analyst at Bankrate, says: “After steadily declining throughout the summer months, I expect more ups and downs to mortgage rates . . . Job market data will be closely watched as well as any clues from the Fed about the extent of upcoming interest rate cuts.” This is exactly why the projected decline in mortgage rates isn’t going to be a straight line down over the next year. As Hannah Jones, Senior Economic Research Analyst at Realtor.com, explains: “Rates have shown considerable volatility lately, and may continue to do so . . . Overall, we still expect a downward long-term mortgage rate trend.” Plus, home prices and the number of homes on the market vary dramatically depending on where you’re looking to buy or sell, which makes it even harder to get a clear picture. In some areas, home prices are rising and inventory is tight, while in others, there are more homes available and it’s leading to more moderate pricing shifts. As all of this unfolds, understanding what’s happening will help you make the right decisions, whether that’s buying or selling. And there’s one easy way to get that information: from a professional. The Importance of Partnering with a Pro While the road ahead may have some bumps and unexpected turns, you don’t have to go it alone. A great agent will keep you up to date on the latest market developments, guide you through any shifts, and help you make smart decisions based on your goals. For example, as mortgage rates change, professionals (like your agent and a trusted lender) will explain how the shifts impact what you can reasonably plan for in your monthly payment. This will help you see how even a small change in rates can impact your bottom line – that way you don’t lose sight of the big picture even as shifts happen here and there. And since conditions can vary significantly from one neighborhood to another, your agent will also help you understand the specifics of your market—whether it’s how to navigate competition with other buyers, the number of homes available, or what’s happening with local home prices. Their insights and expertise will help you adapt to any movement in the market. Bottom Line The housing market may be experiencing some shifts, but don’t let it stop you from making your move. With the support of an experienced real estate agent and a trusted lender, you’ll be ready to navigate the changes and make the most of the opportunities that come your way. Let’s turn any uncertainty into your advantage, helping you move forward with confidence.

Expect the Unexpected: Anticipating Volatility in Today’s Housing Market

Timothy Alston - 0
Is a Fixer Upper Right for You?

Is a Fixer Upper Right for You?

Timothy Alston - 0
Why a Condo Could Be Your Perfect First Home

Why a Condo Could Be Your Perfect First Home

Timothy Alston - 0
Home Values Rise Even as Median Prices Fall

Home Values Rise Even as Median Prices Fall

Timothy Alston - 0
Secrets To Selling Your House Quickly

Secrets To Selling Your House Quickly

Timothy Alston - 0
The Down Payment Assistance You Didn’t Know About

The Down Payment Assistance You Didn’t Know About

Timothy Alston - 0
Is Your House Priced Too High?

Is Your House Priced Too High?

Timothy Alston - 0
🍂 **Fall Cleanup Checklist for Home Sellers: Prep Your Yard for Winter!** 🍂 As summer winds down, it’s time to start preparing your yard for fall and winter. Not only will this keep pests away and protect your lawn, but it also enhances your home’s curb appeal, which is key when you’re selling. 🏡💡 Use this checklist to get started: 1️⃣ **Rake Fallen Leaves** – Keep your lawn breathing by staying on top of leaf removal! 🍁 2️⃣ **Clear Garden Beds** – Remove plant debris and store your garden accessories to prevent pests and disease. 🌿 3️⃣ **Remove Weeds** – Get rid of stubborn weeds before they come back even stronger next spring! 🌱 4️⃣ **Add Mulch** – Fresh mulch helps protect plants through winter and keeps weeds at bay. 🛠️ 5️⃣ **Hydrate Trees & Shrubs** – Make sure your greenery is well-watered to survive harsh winter conditions. 🌳💧 6️⃣ **Prune Dead Branches** – Trim those damaged branches to prevent property damage during winter storms. ✂️ 7️⃣ **Continue Mowing** – A well-mowed lawn helps it grow lush and healthy in spring. 🌾 8️⃣ **Store Containers & Tools** – Clean and store gardening tools and empty pots to prevent cracks and damage. 🧰🌷 A well-maintained yard not only keeps your home looking its best but also attracts buyers! 🏠 Ready to sell? Let’s connect today and discuss how to make your home stand out this season. Here's Your Fall Cleanup Checklist To Prep Your Yard For Winter

Here’s Your Fall Cleanup Checklist To Prep Your Yard For Winter

Timothy Alston - 0
The Best Time To Buy a Home This Year

The Best Time To Buy a Home This Year

Timothy Alston - 0
Checklist for Getting Your House Ready To List

Checklist for Getting Your House Ready To Sell

Timothy Alston - 0
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