There’s no denying the housing market is undergoing a shift this season as buyer demand slows and the number of homes for sale grows. But that shift actually gives you some unique benefits when you sell. Here’s a look at the key opportunities you have if you list your house this fall.

Opportunity #1: You Have Less Competition for Your Move

Are we in a Sellers’ market or a Buyers’ market? Good question and one not easily defined these days. On the technical side, using absorption rate (found in #2) we are in a Seller’s market. But practically it feels very neutral. There are homes on the market. They are not selling over the weekend (usually) and our Housing Inventory is remaining fairly flat. People do not want to sell because they have such…

67 Views, 0 Comments

Read Full Post

You may have heard some people say it’s better to rent than buy a home right now. But, even today, there are lots of good reasons to become a homeowner. One of them is that owning a home is typically viewed as a good long-term investment that helps your net worth grow over time.

Homeownership Builds Wealth Regardless of Income Level

You may be surprised to learn homeowners across various income levels have a much higher net worth than renters who make the same amount. Data from First American helps illustrate this point (see graph below):

What makes wealth so much higher for homeowners? A recent article from Realtor.com says:

“Homeownership has long been tied to building wealth—and for good reason. Instead of throwing rent money out…

69 Views, 0 Comments

Read Full Post