Monthly Archives: June 2022
Homeownership Is a Great Hedge Against the Impact of Rising Inflation
While it’s true rising home prices and higher mortgage rates mean that buying a house today costs more than it did even a few months ago, you still have an opportunity to set yourself up for a long-term win. That’s because, in inflationary times, you want to be invested in an asset that outperforms inflation and typically holds or grows in value. If you’ve been thinking about buying a home this year, it makes sense to act soon, even with inflation rising. That way you can stabilize your monthly housing cost and invest in an asset that historically outperforms inflation. Read More
June 2022 Residential Real Estate Market Update Dave & Travis!
At a glance comparing last year to this year there is a considerable change. Supply is up over 60% and climbing quickly. Pending sales are down over 20% from last year. The ratio between Active & Pending has dropped from an insane 327% to 133% (compared to "normal" in 2019, (60%). BUT, what blows me away (and I keep double checking my numbers) is that Closed Sales are actually MORE than last year with 849 vs 817 (622 in "normal" 2019)!!! How can that be? Only one reason makes sense. Where it took 60+ days to close last year we are getting it done "normally" in 30-40 days now. So people are continuing to buy homes at a record pace! Oh, and the average sales price is up about 9% so far this year (comparable to the national average)! Read More
Why the Growing Number of Homes for Sale Is Good for Your Move Up
Are you thinking about selling your current home? If so, the biggest question on your mind may be: if I sell now, where will I go? If this resonates with you, there’s something you should know. The number of homes coming onto the market is increasing and that could make it easier for you to move up this summer.... Read More