Weichert, Realtors – Courtney Valleywide

23 Jul 2024

Why Acting Now Matters in Today’s Real Estate Market

Real Estate

In recent months, the real estate market has been a whirlwind of activity, with home prices steadily climbing and buyer demand outpacing available inventory. This dynamic landscape presents a crucial question for prospective homebuyers: is waiting to purchase a home a wise decision, or could it cost more in the long run? Rising Home Prices One of the most notable trends in the current market is the consistent rise in home prices. Month over month, year over year, the cost of homes continues to climb. This upward trajectory is fueled by a combination of strong demand and limited supply. The…

What’s Ahead For Mortgage Rates This Week – July 22nd, 2024

Financial Reports

The week after the inflation data reports was expected to be relatively quiet, with the most significant event being a meeting with Federal Reserve Chairman Jerome Powell. He remained tight-lipped about when rate cuts would happen, but given his demeanor, he did not deny that rate cuts were on the way — simply that he would not indicate when they would arrive. This has only confirmed to lending partners and the broader market that they were right to feel optimistic that rate cuts are possible before the end of the year. There were a few cyclical reports released, with the…

Top Surprises When Becoming a New Homeowner

Real Estate

Talk to any homeowner, and they’ll probably tell you how excited they were when they first bought their home. After living there for a while, they're likely to share some unexpected experiences — both pleasant and challenging. From embracing the freedom of owning their property and building memories to facing unexpected costs and endless maintenance tasks, homeownership is full of surprises. Here are some top surprises to expect: 1. The Amount of Maintenance RequiredThe most common surprise for first-time homeowners is the amount of maintenance required. From keeping the home functional to managing costs, maintenance can feel never-ending. Have a…