Wednesday, June 30, 2021

Be Prepared for a Bidding War


Bidding Wars are common in today's market. Best to be prepared and ready to make quick decisions. Know what you are willing to spend and go for it. If not, someone else will. Short video once again. Are you ready to buy your next home?

Tuesday, June 29, 2021

What To Expect as Appraisal Gaps Grow

What To Expect as Appraisal Gaps Grow | Simplifying the Market

In today’s real estate market, low inventory and high demand are driving up home prices. As many as 54% of homes are getting offers over the listing price, based on the latest Realtors Confidence Index from the National Association of Realtors (NAR). Shawn Telford, Chief Appraiser at CoreLogic, elaborates:

“The frequency of buyers being willing to pay more than the market data supports is increasing.”

While this is great news for today’s sellers, it can be tricky to navigate if the price of your contract doesn’t match up with the appraisal for the house. It’s called an appraisal gap, and it’s happening more in today’s market than the norm.

According to recent data from CoreLogic, 19% of homes had their appraised value come in below the contract price in April of this year. That’s more than double the percentage in each of the two previous Aprils.

The chart below uses the latest insights from NAR’s Realtors Confidence Index to showcase how often an issue with an appraisal slowed or stalled the momentum of a house sale in May of this year compared to May of last year.What To Expect as Appraisal Gaps Grow | Simplifying the Market

If an appraisal comes in below the contract price, the buyer’s lender won’t loan them more than the house’s appraised value. That means there’s going to be a gap between the amount of loan the buyer can secure and the contract price on the house.

In this situation, both the buyer and seller have a vested interest in making sure the sale moves forward with little to no delay. The seller will want to make sure the deal closes, and the buyer won’t want to risk losing the home. That’s why it’s common for sellers to ask the buyer to make up the difference themselves in today’s competitive market.

Bottom Line

Whether you’re buying or selling, let’s connect so you have an ally throughout the process to help you navigate the unexpected, including appraisal gaps.

Content previously posted on Keeping Current Matters

* This article was originally published here

Monday, June 28, 2021

Who Needs More Stress


Buying a new home can be stressful - in any market. Working with a real estate professional helps reduce the stress level as we routinely perform the tasks associated with home buying or selling. Chat with us and find out how we can help you.

Sunday, June 27, 2021

However You Choose to Search


How you search for your new home is your personal choice. SanAntonio.Homes will work on any mobile device or computer. No ads, hometown website, all the listings on the San Antonio MLS, new homes and construction, new builder homes available now or soon. Search by location or use the mapping function. And, you have the option to set up your personal account for your favorites and have the system send you an email when a new listing that fits your specifications becomes available. Reach out to me if you need help or have any questions. 

Saturday, June 26, 2021

Searching Online For Your New Home


Any time - Any place. Yup - search 24-7 if you want to. Search on a computer or the mobile device of your choosing. Download and save our free app. Find the listings in the San Antonio MLS - and more, like new builder homes - construction. Then call me - Al.    SanAntonio.Homes  

Friday, June 25, 2021

Sauna for Your New Home


Have you thought about what extras you may want in your new home? A sauna maybe? Great to share with friends - checkout the short video.

Thursday, June 24, 2021

Demand for Vacation Homes Is Still Strong

Demand for Vacation Homes Is Still Strong | Simplifying The Market

The pandemic created a tremendous interest in vacation homes across the country. Throughout the last year, many people purchased second homes as a safe getaway from the challenges of the health crisis. With many professionals working from home and many students taking classes remotely, it made sense to see a migration away from cities and into counties with more vacation destinations.

The 2021 Vacation Home Counties Report from the National Association of Realtors (NAR) shows that this increase in vacation home sales continues in 2021. The report examines sales in counties where “vacant seasonal, occasional, or recreational use housing account for at least 20% of the housing stock” and compares that data to the overall residential market.

Their findings show:

  • Vacation home sales rose by 16.4% to 310,600 in 2020, outpacing the 5.6% growth in total existing-home sales.
  • Vacation home sales are up 57.2% year-over-year during January-April 2021 compared to the 20% year-over-year change in total existing-home sales.
  • Home prices rose more in vacation home counties – the median existing price rose by 14.2% in vacation home counties, compared to 10.1% in non-vacation home counties.

This coincides with data released by Zelman & Associates on the increase in sales of second homes throughout the country last year.

As the data above shows, there is still high demand for second getaway homes in 2021 even as the pandemic winds down. While we may see a rise in second-home sellers as life returns to normal, ongoing low supply and high demand will continue to provide those sellers with a good return on their investment.

Bottom Line

If you’re one of the many people who purchased a vacation home during the pandemic, you’re likely wondering what this means for you. If you’re considering selling that home as life returns to normal, you have options. There are still plenty of buyers in the market. If, on the other hand, you want to keep your second home, enjoy it! Current market conditions show that it’s a good ongoing investment.

Content previously posted on Keeping Current Matters

* This article was originally published here

Wednesday, June 23, 2021

Memories


Making memories! Your home, your yard, your memories! They live on forever. Enjoy the short video. Call me when you want to start planning your memories....

Tuesday, June 22, 2021

Pre-Approval Makes All the Difference When Buying a Home

Pre-Approval Makes All the Difference When Buying a Home | Simplifying The Market

You may have been told that it’s important to get pre-approved at the beginning of the homebuying process, but what does that really mean, and why is it so important? Especially in today’s market, with rising home prices and high buyer competition, it’s crucial to have a clear understanding of your budget so you stand out to sellers as a serious homebuyer.

Being intentional and competitive are musts when buying a home right now. Pre-approval from a lender is the only way to know your true price range and how much money you can borrow for your loan. Just as important, being able to present a pre-approval letter shows sellers you’re a qualified buyer, something that can really help you land your dream home in an ultra-competitive market.

With limited housing inventory, there are many more buyers active in the market than there are sellers, and that’s creating some serious competition. According to the National Association of Realtors (NAR), homes are receiving an average of 5.1 offers for sellers to consider. As a result, bidding wars are more and more common. Pre-approval gives you an advantage if you get into a multiple-offer scenario, and these days, it’s likely you will. When a seller knows you’re qualified to buy the home, you’re in a better position to potentially win the bidding war.

Freddie Mac explains:

“By having a pre-approval letter from your lender, you’re telling the seller that you’re a serious buyer, and you’ve been pre-approved for a mortgage by your lender for a specific dollar amount. In a true bidding war, your offer will likely get dropped if you don’t already have one.”

Every step you can take to gain an advantage as a buyer is crucial when today’s market is constantly changing. Interest rates are low, prices are going up, and lending institutions are regularly updating their standards. You’re going to need guidance to navigate these waters, so it’s important to have a team of professionals such as a loan officer and a trusted real estate agent making sure you take the right steps and can show your qualifications as a buyer when you find a home to purchase.

Bottom Line

In a competitive market with low inventory, a pre-approval letter is a game-changing piece of the homebuying process. Not only does being pre-approved bring clarity to your homebuying budget, but it shows sellers how serious you are about purchasing a home.

Content previously posted on Keeping Current Matters

* This article was originally published here

Monday, June 21, 2021

Family Breakfast


Wouldn't you like some family time in your own kitchen? We can help you with that. The video is one family enjoying their kitchen time. Whatever your family size or if going it solo, it could be in your OWN kitchen. Think about it - your kitchen. Ready?

Sunday, June 20, 2021

There is Still Time


Time To Take Advantage of Historically Low Mortgage Rates!

We have all grown comfortable with low rates - but how long will they last? Lower rates = more house or lower payments. Which works for you? The video is short. Reach out to us. We are here to help.

Saturday, June 19, 2021

Tax Refund and Stimulus Checks May Help You With Homeownership

            

Prices are going up, rents will follow. BUY your home and lock in mortgage payments for the next 30 years! YOU DO NOT NEED 20% DOWN! You will need some money and why not use your tax refund or stimulus check to get started? If you are a veteran there may be a HUGE opportunity for you! If you want to be an homeowner, check out the video and reach out to me now. Let's get you in YOUR OWN HOME!

Friday, June 18, 2021

Americans Favor Homeownership as an Investment


You have the opportunity to live in your investment! (seriously) - Checkout the video and my comments in the YouTube notes. Ready?  Let's invest in YOU today!

Thursday, June 17, 2021

Don’t Wait To Sell Your House

Don’t Wait To Sell Your House | Simplifying The Market

We’re in the ultimate sellers’ market right now. If you’re a homeowner thinking about selling, you have a huge advantage in today’s housing market. High buyer demand paired with very few houses for sale makes this the optimal time to sell for those who are ready to do so. Whatever the move you want to make looks like, here’s an overview of what’s creating the prime opportunity to sell this summer.

High Buyer Demand

Demand is strong, and buyers are actively searching for homes to purchase. In the Realtors Confidence Index Survey published monthly by the National Association of Realtors (NAR), buyer traffic is considered “very strong” in almost every state. Homebuyers aren’t just great in number right now – they’re also determined to find their dream home. NAR shows the average home for sale today receives five offers from hopeful buyers. These increasingly frequent bidding wars can drive up the price of your house, which is why high demand from competitive homebuyers is such a win for this summer’s sellers.

Low Inventory of Houses for Sale

Purchaser demand is so high, the market is running out of available homes for sale. Danielle Hale, Chief Economist at realtor.com, explains:

“For most sellers listing sooner rather than later could really pay off with less competition from other sellers and potentially a higher sales price… They’ll also avoid some big unknowns lurking later in the year, namely another possible surge in COVID cases, rising interest rates and the potential for more sellers to enter the market.”

NAR also reveals that unsold inventory sits at a 2.4-months’ supply at the current sales pace. This is far lower than the historical norm of a 6.0-months’ supply. Homes are essentially selling as fast as they’re hitting the market. Below is a graph of the existing inventory of single-family homes for sale:Don’t Wait To Sell Your House | Simplifying The Market

At the same time, homebuilders are increasing construction this year, but they can’t keep up with the growing demand. While reporting on the inventory of newly constructed homes, the U.S. Census Bureau notes:

“The seasonally‐adjusted estimate of new houses for sale at the end of April was 316,000. This represents a supply of 4.4 months at the current sales rate.”

What Does This Mean for You? 

If you’re thinking of putting your house on the market, don’t wait. A seller will always negotiate the best deal when demand is high and supply is low. That’s exactly what’s happening in the real estate market today.

Bottom Line

As vaccine rollouts progress and we continue to see the economy recover, more houses will come to the market. Don’t wait for the competition in your neighborhood to increase. If you’re ready to make a move, now is the time to sell. Let’s connect today to get your house listed at this optimal moment in time.

Content previously posted on Keeping Current Matters

* This article was originally published here

Wednesday, June 16, 2021

Begin the Search With Modern Technology


Modern search technology - modern home! Check the video and then the website:  SanAntonio.Homes

We are ready when you are. Reach out to us today!

Tuesday, June 15, 2021

We have made "one click search" for real estate in San Antonio very easy. This is a list of all the specialized pages we have (so far) and you can save any of interest to your favorite bookmarks, or choose them directly from our main site:  www.SanAntonio.Homes

  1. www.SanAntonio.Homes/78247    
  2. www.SanAntonio.Homes/78258  
  3. www.SanAntonio.Homes/78260 
  4. www.SanAntonio.Homes/acreage 
  5. www.SanAntonio.Homes/alamoheights 
  6. www.sanantonio.homes/fine/real/estate/blog
  7. www.SanAntonio.Homes/boerne 
  8. www.SanAntonio.Homes/builders 
  9. www.SanAntonio.Homes/bullis 
  10. www.SanAntonio.Homes/bulverde 
  11. www.SanAntonio.Homes/campbullis 
  12. www.SanAntonio.Homes/canyonsprings 
  13. www.SanAntonio.Homes/castlehills 
  14. www.SanAntonio.Homes/commercial 
  15. www.SanAntonio.Homes/fairoaks 
  16. www.SanAntonio.Homes/fairoaksranch 
  17. www.SanAntonio.Homes/find_a_home
  18. www.SanAntonio.Homes/first_time_buyer
  19. www.SanAntonio.Homes/fortsam 
  20. www.SanAntonio.Homes/fortsamhouston 
  21. www.SanAntonio.Homes/gardenridge 
  22. www.SanAntonio.Homes/golfcourse
  23. www.SanAntonio.Homes/helotes 
  24. www.SanAntonio.Homes/help 
  25. www.SanAntonio.Homes/hillcountryvillage
  26. www.SanAntonio.Homes/historichomes 
  27. www.SanAntonio.Homes/hollywoodpark 
  28. www.SanAntonio.Homes/home_finder
  29. www.SanAntonio.Homes/home_search
  30. www.SanAntonio.Homes/horseproperties 
  31. www.SanAntonio.Homes/horseproperty 
  32. www.SanAntonio.Homes/houses_for_sale
  33. www.SanAntonio.Homes/income 
  34. www.SanAntonio.Homes/incomeproperties 
  35. www.SanAntonio.Homes/incomeproperty 
  36. www.SanAntonio.Homes/jobs
  37. www.SanAntonio.Homes/jointbasesamhouston 
  38. www.SanAntonio.Homes/lackland 
  39. www.SanAntonio.Homes/lafb 
  40. www.SanAntonio.Homes/leaseoption
  41. www.SanAntonio.Homes/lookoutcanyon 
  42. www.SanAntonio.Homes/lotsandland 
  43. www.SanAntonio.Homes/luxury 
  44. www.SanAntonio.Homes/luxuryhomes 
  45. www.SanAntonio.Homes/mapsearch 
  46. www.SanAntonio.Homes/military
  47. www.SanAntonio.Homes/montevista 
  48. www.SanAntonio.Homes/mortgage 
  49. www.SanAntonio.Homes/mountainlodge 
  50. www.SanAntonio.Homes/newconstruction  
  51. www.SanAntonio.Homes/newhomes 
  52. www.SanAntonio.Homes/olmospark 
  53. www.SanAntonio.Homes/ownerfinanced 
  54. www.SanAntonio.Homes/rafb 
  55. www.SanAntonio.Homes/randolph 
  56. www.SanAntonio.Homes/relocation
  57. www.SanAntonio.Homes/rentalhomes 
  58. www.SanAntonio.Homes/rogersranch 
  59. www.SanAntonio.Homes/search 
  60. www.SanAntonio.Homes/sellerfinancing 
  61. www.SanAntonio.Homes/seniors
  62. www.SanAntonio.Homes/shavanopark 
  63. www.SanAntonio.Homes/springbranch 
  64. www.SanAntonio.Homes/stoneoak 
  65. www.SanAntonio.Homes/summerglen 
  66. www.SanAntonio.Homes/terrellhills 
  67. www.SanAntonio.Homes/thedominion 
  68. www.SanAntonio.Homes/timberwood 
  69. www.SanAntonio.Homes/timberwoodpark 
  70. www.SanAntonio.Homes/waterfront
  71. www.SanAntonio.Homes/yourhome 
  72. https://www.SanAntonio.Homes/under100k
  73. www.SanAntonio.Homes/what_is_my_home_worth
  74. www.SanAntonio.Homes/withpool 

Monday, June 14, 2021

The Right Expert Will Guide You Through This Unprecedented Market

The Right Expert Will Guide You Through This Unprecedented Market | Simplifying The Market

In a normal market, it’s good to have an experienced guide coaching you through the process of buying or selling a home. That person can advise you on important things like pricing your home correctly or the first steps to take when you’re ready to buy. However, the market we’re in today is far from normal. As a result, an expert isn’t just good to have by your side – an expert is essential.

Today’s housing market is full of extremes. Mortgage rates hovering near record-lows are driving high buyer demand. On the other hand, an absence of sellers is creating record-low housing inventory. This imbalance in supply and demand is leading to a skyrocketing rate of bidding wars and more houses selling over their asking price. This is driving home price appreciation and gains in home equity. These market conditions aren’t just extreme – they can be overwhelming. Having a trusted expert to coach you through the process of buying and selling a home gives you clarity, confidence, and success through each step.

Here are just a few of the ways a real estate expert is invaluable:

  • Contracts – We help with the disclosures and contracts necessary in today’s heavily regulated environment.
  • Experience – We’re well-versed in real estate and experienced with the entire sales process, including how it’s changed over the past year.
  • Negotiations – We act as a buffer in negotiations with all parties throughout the entire transaction while advocating for your best interests.
  • Education – We simply and effectively explain today’s market conditions and decipher what they mean for your individual goals.
  • Pricing – We help you understand today’s real estate values when setting the price of your home or making an offer to purchase one.

A real estate agent can be your essential guide through this unprecedented market, but truth be told, not all agents are created equal. A true expert can carefully walk you through the whole real estate process, look out for your unique needs, and advise you on the best ways to achieve success. Finding the right agent should be your top priority when you’re ready to buy or sell a home.

So, how do you choose the right expert?

It starts with trust. You’ll have to be able to trust the advice your agent is going to give you, so make sure you’re connected to a true professional. An agent can’t give you perfect advice because it’s impossible to know exactly what’s going to happen at every turn – especially in this unique market. A true professional expert can, however, give you the best possible advice based on the information and situation at hand, helping you make the necessary adjustments and best decisions along the way. The right agent – the professional – will help you plan the steps to take for success, advocate for you throughout the process, and coach you on the essential knowledge you need to make confident decisions toward your goals. That’s exactly what you want and deserve.

Bottom Line

It’s crucial right now to work with a real estate expert who understands how the market is changing and what that means for home buyers and sellers. If you’re planning to make a move this year, let’s connect so you have someone who can answer your questions, give you the best advice, and guide you along the way.

Content previously posted on Keeping Current Matters

* This article was originally published here

Americans Have Their Hearts Set on Homeownership


There is probably no place else in the world that values homeownership more than we do! American Dream is something we usually hear from childhood on. Checkout our short video and let's begin to make your dream come true. Yeah, let's do it!

Saturday, June 12, 2021

Cash In on Today's Housing Demand by Selling Your Second Home


Have a second home to sell? Looking to move to a new second home? Watch our short video and let's chat. We are here to help.

Friday, June 11, 2021

It's a Great Time for Your House to Shine


The majority think this is a great time to sell. Check out the video - then, if you want to go for it, call me Al.

Thursday, June 10, 2021

Why This Is Not Like 2008 Again

Why This Is Not Like 2008 Again | Simplifying The Market

During the Great Recession, just over a decade ago, the financial systems the world depended on started to collapse. It created a panic that drove some large companies out of business (ex. Lehman Brothers) and many more into bankruptcy.

The financial crisis that accompanied the current pandemic caused hardship to certain industries and hurt many small businesses. However, it hasn’t rattled the world economy. It seems that a year later, things are slowly getting back to normal for many companies.

Why is there a drastic difference between 2008 and now?

In a post from RealtyTrac, they explain:

“We changed the rules. We told banks they needed more reserves and that they could no longer underwrite toxic mortgages. It turns out that regulation — properly done — can help us navigate financial minefields.”

Why This Is Not Like 2008 Again | Simplifying The MarketHere are the results of that regulation, captured in a graph depicting the number of failed banks since 2007.

What was different this time?

The post mentioned above explains:

“In 2008 the government saw the foreclosure meltdown as a top-down problem and set aside $700 billion for banks under the Troubled Asset Relief Program (TARP). Not all of the $700 billion was used, but the important point is that the government did not act with equal fervor to help flailing homeowners, millions of whom lost their homes to foreclosures and short sales.

This time around the government forcefully moved to help ordinary citizens. Working from the bottom-up, an estimated $5.3 trillion went to the public in 2020 through such mechanisms as the Paycheck Protection Program (PPP), expanded unemployment benefits, tax incentives, and help for local governments. So far this year we have the $1.9 billion American Rescue Plan with millions of $1,400 checks as well as proposals to spend trillions more on infrastructure…Bank deposits increased by nearly $2 trillion during the past year and credit card debt fell.”

Bottom Line

Many have suffered over the past year. However, the economic toll of the current recession was nowhere near the scope of the Great Recession, and it won’t result in a housing crisis.

Content previously posted on Keeping Current Matters

* This article was originally published here

Tuesday, June 8, 2021

Why You May Want To Cash in on Your Second Home

Why You May Want To Cash in on Your Second Home | Simplifying The Market

When stay-at-home mandates were enforced last year, many households realized their homes didn’t really fulfill their new lifestyle needs. An office (in some cases two), a media room, space for children to learn, a gym, and a large yard are all examples of amenities that became highly desirable almost overnight.

Zelman & Associates recently reported that sales of primary residences grew by 9% in 2020. That increase in demand was met by the lowest supply of homes for sale in history. High demand and low supply caused prices to skyrocket over the past twelve months. Here are three home price indexes released most recently that show how home values have risen:

Prices increased by double digits in every region of the country and in 19 of 20 major metros. Chicago was the only exception, where prices still rose by 9%.

What does this mean to those who purchased a second home during the pandemic?

Many people didn’t want to give up a home in the city or close to their office. Instead, they purchased a larger second home farther away and moved there to stay safe and have more space. According to the same Zelman report, sales for second homes rose an astonishing 27% in 2020.

That large second-home retreat on a lake or in the mountains would demand a higher price than the average house. Let’s assume a buyer purchased such a home for $500,000. Assuming the middle 13.2% appreciation shown above, that home would now be worth about $566,000.

Those who bought second homes to improve their lifestyle during the height of the pandemic, or those who just wanted to be in a safer environment, also made a great investment.

What should these homeowners do now as the pandemic is receding, and the economy is reopening?

The buyers of those second homes now have a decision to make. Many will move back to the original home they still own (the one that’s closer to work, friends, and family). Should they keep the second home? That could depend on answers to questions like these:

  • Now that you may have to go back to the office (at least a few days a week) and students are required to physically attend school, would you still use the second house enough to warrant the expenses of an additional home?
  • Would you go to the second home on most weekends, or would you return to the movie theater, attend sporting events, eat out at fine restaurants, or spend your time traveling again?

Bottom Line

If you purchased a larger second home during the pandemic, you were able to make day-to-day life much easier for those important to you. You also made it much safer. However, with those goals already accomplished, you now need to decide whether to continue paying the extra expenses or sell the house and cash in your profit. If you decide selling makes sense, let’s connect today to discuss the value of your second home.

Content previously posted on Keeping Current Matters

* This article was originally published here

Saturday, June 5, 2021

Summer 2021 Buyer & Seller Guides Are Ready Now

We have never done this before - usually we spread new editions out over a few days, but the country is in recovery mode and we are looking to help that along. The latest information and all the new summer editions of the buyer guide, the seller guide and the millennial home owner guides are all listed below along with the links necessary to download your personal copy. Share them as you wish!


DOWNLOAD Buyers Guide AT: http://sco.lt/7L11MG

DOWNLOAD Buyers Guide (in Spanish) AT: http://sco.lt/5WKGie














































DOWNLOAD Sellers Guide AT: http://sco.lt/8DW0Ke 
















































DOWNLOAD Sellers Guide (in Spanish) AT: http://sco.lt/6gza1A 
















































DOWNLOAD Millennials Guide AT: http://sco.lt/54rZsu 






























DOWNLOAD Millennials Guide (in Spanish) AT: http://sco.lt/6FWtBQ



Thursday, June 3, 2021

Dreaming of a Bigger Home? Why Not Buy It This Year?

Dreaming of a Bigger Home? Why Not Buy It This Year? | Simplifying The Market

Are you clamoring for extra rooms or a more functional floorplan in your house? Maybe it’s time to make a move. If you’ll be able to work remotely for the long-term or your overall needs have simply changed, it’s a great time to sell your house and move up. Why? With mortgage rates in their favor and higher-priced home sales powering more moves across the country, sellers in today’s market are finding the space they need (and have always dreamed of) by purchasing a home in the upper end of the housing market.

With so few homes available for sale and high demand from today’s homebuyers, sellers are profiting in major ways this season. Bidding wars are gaining traction, driving up the sale price of more and more homes throughout the country. This means sellers are able to leverage extra cash from higher-priced sales while also taking advantage of today’s low mortgage rates when they purchase their next home. It’s the perfect scenario to move up into a true dream home. According to the April Luxury Market Report from the Institute for Luxury Home Marketing:

“The Institute’s recent analysis of sales in 2020 for homes over 5,000 square feet support the continuing preference for larger homes. The analysis determined that there was a 17% increase in the number of 5,000+ sq ft homes sold when compared to the number of sales in 2019.

Luxury home prices continue to see record highs in the majority of affluent ex-urban communities, as the influence of being able to work from home is still driving buyers away from living in high density areas. Low interest rates also remain in play, allowing buyers to realize the affordability of owning a larger property, which further reinforces this trend.”

Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), also explains:

“The market is hot pretty much everywhere and across all price points . . . The only area where there is sufficient inventory is in $1 million-plus homes . . . .”

While this price range certainly doesn’t fit every budget, if it’s in your reach this summer, you may want to make your move sooner rather than later. Today, more homes are available in this segment of the market, but as the report mentions, more buyers are investing here too, so competition may heat up sooner rather than later.

Bottom Line

If you’re planning to sell your current home to move into a larger one, let’s connect today. We’ll discuss your current situation and the opportunities in our local market.

Content previously posted on Keeping Current Matters

* This article was originally published here

Tuesday, June 1, 2021

6 Reasons to Celebrate National Homeownership Month

6 Reasons to Celebrate National Homeownership Month | Simplifying The Market

Our homes are so much more than the houses we live in. For many, they’ve also become our workplaces, schools for our children, and safe harbors in which we’ve weathered the toughest moments of a global pandemic. Today, 65.6% of Americans call their homes their own, a rate that has risen to its highest point in 8 years.

As National Homeownership Month kicks off this June, homeowners have every reason to celebrate. A survey by Gallup just ranked real estate as the best investment you can make for the eighth year in a row. However, unlike other investment options, the benefits of owning a home aren’t purely financial. Here are the top ways Americans are winning by owning a home.

Non-Financial Benefits:

1. Civic Participation: Owning a home is owning a part of your neighborhood. Homeowners have a stronger connection to their neighborhoods and are more committed to volunteer work and other ways to get involved.

2. Pride of Ownership: Owning a home is having a space that is uniquely yours. You can customize it to your personal liking and make it reflect your personality and values.

3. A Safe Space: Owning a home gives you a sense of security and privacy – two things that have become even more valuable as we’ve tackled the challenges of the recent health crisis.

Financial Benefits:

1. Forced Savings: Owning a home builds equity. Your equity grows with each payment you make toward your mortgage. This form of forced savings can be used down the road to help you accomplish your biggest financial goals.

2. Appreciation: Owning a home is making an investment that steadily gains value, and experts project home values will continue to rise in the years to come.

3. Stability: Owning a home means having better control over your future housing payments. Over the years, a mortgage stays relatively steady, but rent costs continue to rise.

Bottom Line

If you own your home, take time this June to celebrate the ways homeownership has added value to your life. If you hope to become a homeowner this year, let’s connect today to take the first steps toward achieving your goal.

Content previously posted on Keeping Current Matters

* This article was originally published here