• If you’re questioning whether or not to buy a home this year due to today’s cooling market, consider the long-term financial benefits of homeownership.
• As a homeowner, equity increases your wealth. On average, nationwide, home prices appreciated by 290.2% since 1991.
• Homeownership wins in the long run. If you’re ready to buy a home, let’s connect today.

Some Highlights

• If you’re questioning whether or not to buy a home this year due to today’s cooling market, consider the long-term financial benefits of homeownership.
• As a homeowner, equity increases your wealth. On average, nationwide, home prices appreciated by 290.2% since 1991.
• Homeownership wins in the long run. If you’re ready to buy a home, let’s connect today.

Some Highlights

• If you’re questioning whether or not to buy a home this year due to today’s cooling market, consider the long-term financial benefits of homeownership.
• As a homeowner, equity increases your wealth. On average, nationwide, home prices appreciated by 2% since 1991.

1. Get One Step Ahead of Other Sellers

2. Get in Front of Serious Buyers This Season

“While not the frenzy of 2021, the largest living generation, the Millennials, will continue to age into their prime home-buying years, creating a demographic tailwind for the housing market.”

3. Seize a Great Chance To Move Up

Bottom Line

1. Down Payment

“The idea that you have to put 20% down on a house is a myth. . . . The right amount depends on your current savings and your home buying goals.”

2. Closing Costs

“Closing costs are the fees you pay when finalizing a real estate transaction, whether you’re refinancing a mortgage or buying a new home. These costs can amount to 2 to 5 percent of the mortgage so it’s important to be financially prepared for this expense.”

3. Earnest Money Deposit

“It tells the real estate seller you’re in earnest as a buyer, . . . . Assuming that all goes well and the buyer’s good-faith offer is accepted by the seller, the earnest money funds go toward the down payment and closing costs. In effect, earnest money is just paying more of the down payment and closing costs upfront.”

Bottom Line

Millennial Homebuying Power

“In 2020, millennials with a bachelor’s degree had a median household income of over $100,000, while those with at least a graduate degree had a median household income of over $120,000. Compare those income levels with the median household income of millennials with just a high school degree (or some college) of $60,000 and the earning power benefits of higher education are undeniable. . . . Millennials’ pursuit of higher education is good news for the housing market. . . because education is the key to unlock both greater earning power and, in turn, homeownership.”

Millennials Continue To Be a Driving Force of Demand

“At about 80 million strong, millennials currently make up the largest share of homebuyers (43%) in the U.S., according to a recent National Association of Realtors (NAR) report. Simply due to their numbers and eagerness to become homeowners, this cohort is quite literally shaping the next frontier of the homebuying process. Once known as the ‘rent generation,’ millennials have proven to be savvy buyers who are quite nimble in their quest to own real estate. In fact, I don’t think it’s a stretch to say they are the key to the overall health and stability of the current housing industry.”

"While not the frenzy of 2021, the largest living generation, the Millennials, will continue to age into their prime home-buying years, creating a demographic tailwind for the housing market.”

Bottom Line

“Global CEOs see a ‘mild and short’ recession, yet optimistic about global economy over 3-year horizon . . .  More than 8 out of 10 anticipate a recession over the next 12 months, with more than half expecting it to be mild and short.”

“Housing is traditionally one of the first sectors to slow as the economy shifts but is also one of the first to rebound.”

Mortgage Rates Typically Fall During Recessions

“Over the past five recessions, mortgage rates have fallen an average of 1.8 percentage points from the peak seen during the recession to the trough. And in many cases, they continued to fall after the fact as it takes some time to turn things around even when the recession is technically over.”

Bottom Line

• If you’re planning to sell your house this year, you likely have questions about what the shift in the housing market means for your home sale.
• You might be wondering: Should I wait to sell? Are buyers still out there? And can I afford to buy my next home?
• Let’s connect so you can get answers to these questions and learn about the opportunities you still have in today’s housing market.

Some Highlights

• If you’re planning to sell your house this year, you likely have questions about what the shift in the housing market means for your home sale.
• You might be wondering: Should I wait to sell? Are buyers still out there? And can I afford to buy my next home?
• Let’s connect so you can get answers to these questions and learn about the opportunities you still have in today’s housing market.

Some Highlights

• If you’re planning to sell your house this year, you likely have questions about what the shift in the housing market means for your home sale.
• You might be wondering: Should I wait to sell? Are buyers still out there? And can I afford to buy my next home?

Homeownership Is Historically a Great Hedge Against Inflation

“A fixed-rate mortgage allows you to maintain the biggest portion of housing expenses at the same payment. Sure, property taxes will rise and other expenses may creep up, but your monthly housing payment remains the same.”

“Inflation refuses to budge. In September, consumer prices rose by 8.2%. Rents rose by 7.2%, the highest pace in 40 years.”

Bottom Line

Homeowners Can Make Their Home Truly Their Own

“There were numerous interior projects that received a perfect Joy Score of 10: paint entire interior of home, paint one room of home, add a new home office, hardwood flooring refinish, new wood flooring, closet renovation, insulation upgrade, and attic conversion to living area.”

The Responsibilities of Homeownership Give You a Greater Sense of Achievement

“As the homeowner, you have the freedom to adopt a pet, paint the walls any color you choose, renovate your kitchen, and more. . . . Of course, along with the freedoms of homeownership come responsibilities, such as making your monthly mortgage payments on time and maintaining your home. But as the property owner, you'll be caring for your own investment.”

Homeownership Can Lead to Greater Community Engagement

“Living in one place for a longer amount of time creates an obvious sense of community pride, which may lead to more investment in said community.”

Bottom Line

Fewer Homes for Sale than Pre-Pandemic

Homes Are Still Selling Faster Than More Normal Years

Buyer Demand Has Moderated and Is Now in Line with More Typical Years

Bottom Line

Expert Quotes for Fall Homebuyers

“This fall, a more moderate pace of home selling, more listings to choose from, and softening price growth will provide some breathing room for buyers searching for a home during what is typically the best time to buy a home.”

“Buyers will continue to see less competition for homes and have more time to tour homes they like and consider their options.” 

Expert Quotes for Fall Sellers

“. . . record equity continues to provide fuel for housing demand, particularly if households are relocating to more affordable areas.”

“For homeowners deciding whether to make a move this year, remember that listing prices – while lower than a few months ago – remain higher than in prior years, so you're still likely to find opportunities to cash-in on record-high levels of equity, particularly if you've owned your home for a longer period of time.”

Bottom Line

• When you head out to buy a home, there are a number of key milestones you’ll encounter along the way.
• The process includes everything from building your team and understanding your finances to going house hunting, making an offer, and more.
• Your journey starts here. Let’s connect so you have expert guidance each step of the way.

Some Highlights

• When you head out to buy a home, there are a number of key milestones you’ll encounter along the way.
• The process includes everything from building your team and understanding your finances to going house hunting, making an offer, and more.
• Your journey starts here. Let’s connect so you have expert guidance each step of the way.

Some Highlights

• When you head out to buy a home, there are a number of key milestones you’ll encounter along the way.
• The process includes everything from building your team and understanding your finances to going house hunting, making an offer, and more.

“Home equity gains are built up through price appreciation and by paying off the mortgage through principal payments.”

Home Price Growth Over Time

Bottom Line

1. Price It Right

2. Keep It Clean

“When selling your home, it’s important to keep everything tidy for buyers, and you never know when a buyer is going to want to schedule a last-minute tour.”

3. Help Buyers Feel at Home

“Staging is the art of preparing a home to appeal to the greatest number of potential buyers in your market. The right arrangements can move you into a higher price-point and help buyers fall in love the moment they walk through the door.”

Bottom Line