Should I Wait for Lower Mortgage Interest Rates?
Historically low mortgage rates are a big motivator for homebuyers right now. In 2020 alone, rates hit new record-lows 16 times, and the trend continued into the early part of this year. Many hopeful homebuyers are now wondering if they should put their plans on hold and wait for the lowest rates imaginable. However, the reality is, acting sooner rather than later may be the actual win if you’re ready to buy a home. While today’s low mortgage rates provide great opportunities for homebuyers, we may not see them stick around forever. If you’re ready to buy a home, let’s connect so you can take advantage of what today’s market has to offer.
How to Make the Dream of Homeownership a Reality This Year
For many Americans, one of this year's goals is owning a home: a piece of land, a roof over our heads, and a place where we can grow and flourish. If you’re dreaming of buying a home this year, start by connecting with a local real estate professional to understand what goes into the process. With a trusted advisor at your side, you can then begin to answer the questions below to set yourself up for homebuying success.
Why Right Now May Be the Time to Sell Your House
The housing market made an incredible recovery in 2020 and is now positioned for an even stronger year in 2021. Record-low mortgage interest rates are a driving factor in this continued momentum, with average rates hovering at historic all-time lows. The real estate market is entering the year like a lion. There’s no indication it will lose that roar, assuming inventory continues to come to market.
4 Reasons People Are Buying Homes in 2021
It’s clear that homeownership needs are changing. As a result, Americans are expected to move in record numbers this year. If you’re trying to decide if now is the right time to buy a home, let’s connect today to discuss your options.
What Does 2021 Have in Store for Home Values?
According to the latest CoreLogic Home Price Insights Report, nationwide home values increased by 8.2% over the last twelve months. Low mortgage rates have driven buyer demand over the last twelve months. According to Freddie Mac, rates stood at 3.72% at the beginning of 2020. Today, we’re starting 2021 with rates one full percentage point lower than that. There’s still a very limited number of homes for sale for the great number of purchasers looking to buy them. As a result, the concept of “supply and demand” mandates that home values in the country will continue to appreciate.
Why Not to Wait Until Spring to Make a Move?
The housing market recovery coming into the new year has been nothing short of remarkable. If you’re considering making a move, this may be your moment, especially with today’s low mortgage rates and limited inventory. Let’s connect to get you set up for homebuying success in the new year.
Reasons to Hire a Real Estate Professional [INFOGRAPHIC]
Choosing the right real estate professional to work with is one of the most important decisions you can make in your home buying or selling process. The right agent can explain current market conditions and break down exactly what they mean for you. If you’re considering buying or selling a home this year, let’s connect so you can work with someone who has the experience to answer all of your questions about pricing, contracts, negotiations, and more.
3 Must-Do’s When Selling Your House This Year
There are some specific things that you need to consider when putting your house on the market in this seller's market. You can find them here. If you’re considering selling your house, let’s connect so you have the help need to navigate through the process while prioritizing [...]
Somerset County’s Real Estate Market Conditions January 2021 – Bridgewater Edition
Get ahead of the residential real estate market drivers in Hunterdon County, New Jersey, with Coldwell Banker Residential Broker sales associate, Joe Peters. Joe's monthly report walks people through the economic conditions and trends that influence our local markets. You will come away knowing "what" [...]
Somerset County’s Real Estate Market Conditions January 2021
Get ahead of the residential real estate market drivers in Somerset County, New Jersey, with Coldwell Banker Residential Broker sales associate, Joe Peters. Joe's monthly report walks people through the economic conditions and trends that influence our local markets. You will come away knowing "what" is happening, and more importantly, "why" it is happening. As a result, you will be better informed to make home buying and selling decisions in 2021.
Hunterdon County’s Real Estate Market Conditions January 2021
Get ahead of the residential real estate market drivers in Hunterdon County, New Jersey, with Coldwell Banker Residential Broker sales associate, Joe Peters. Joe's monthly report walks people through the economic conditions and trends that influence our local markets. You will come away knowing what is happening, and more importantly, why it is happening. As a result, you will be better informed to make home buying and selling decisions in 2021.
Here’s To A Wonderful 2021!
Link to my latest Monthly Market Updates