If you're looking to buy a home, opportunity is knocking this fall. Let's connect today to get the process started.
Connecticut Top Granby Realtor & Five Star Award Winner Charisma and a true passion serving clients has helped me build a reputation as a trusted, results driven realtor. Aligning my business with one of the most innovative real estate companies, Real Broker LLC, allows me to offer a tech driven, memorable real estate experience. I specialize in all facets of Real Estate & can be counted to help my buyers score a great home. “Friendly, knowledgeable, enthusiastic and a hard-worker. He knows the area well and provides helpful recommendations on how to best sell your home. He is also well versed at negotiation when helping to purchase a house. We would definitely recommend him to anyone and will use him again in the future.” Jill, Granby CT." Selling? My system will sell your home for the most money. I'm a multi million dollar producing Realtor consistently named a 5 Star Agent by Connecticut Magazine for customer satisfaction and production. Let's get started. #TopGranbyRealtor #StephenSimardRealtor #RealBrokerLLC #GranbyRealEstate #GranbyConnecticut #FindyourGranbyhome #Newhomesforsale #SimardRealtyGroup #Granbyhomesforsale #JoinRealBrokerLLC #Simsburyhomes
0 Comments
Some Highlights
SOURCE KCM #ForSellers #Infographics #MoveUpBuyers More inventory on the market and a slowdown in sales may be making you wonder if now’s a good time to sell your house. Here’s what you need to know. Supply is still low overall, and that’s one reason experts are calling for ongoing price appreciation nationally, just at a more moderate pace. If you’re ready to sell, DM me to get started.
#housingmarket #supplyanddemand #homeprices #expertanswers #homepriceappreciation #stayinformed #staycurrent #powerfuldecisions #confidentdecisions #realestate #homevalues #homeownership #justsold #sellyourhouse #keepingcurrentmatters Experts are starting to make their 2023 home price forecasts. As they do, most agree homes will continue to gain value, just at a slower pace. Over the past couple of years, home prices have risen at an unsustainable rate, leaving many to wonder how long it would last. If you’re asking yourself: what’s ahead for the price of my home, know that experts are now answering this question, and its welcome news for homeowners who may have been led by the media to believe their home would lose value. Historically, home prices have appreciated at a rate near 4%. For 2023, the average of six major forecasters noted below is 2.5%. While one, Zelman & Associates, is calling for depreciation, the other five are calling for appreciation. The graph below outlines each expert forecast to show where they project home prices are going in the coming year. To understand why experts are calling for appreciation next year, look to the economics of supply and demand. Dave Ramsey, Financial Expert, says this:
“The root issue of what drives house prices almost always is supply and demand . . .” Two things are driving home prices upward. First, the undersupply of homes on the market is an issue we continue to face in this country. We still don’t have enough homes on the market for the number of people that want to buy them. To further that point, we’re still in a sellers’ market nationally, and in that scenario, home prices tend to appreciate. Second, millennials are moving through their peak homebuying years. Since they’re the largest demographic behind the baby boomers, demand isn’t going away any time soon. Bottom Line Experts are calling for home prices to appreciate next year, although at a slower pace than the previous three years. The reason for this is simple. The dynamics of supply and demand are playing out in real estate and will continue for many years to come. SOURCE: KCM #ForBuyer #ForSellers #HousingMarketUpdates #Pricing #StephenSimard #joinRealBrokerLLC Some people believe there’s a group of homeowners who may be reluctant to sell their houses because they don’t want to lose the historically low mortgage rate they have on their current home. You may even have the same hesitation if you’re thinking about selling your house. Data shows 51% of homeowners have a mortgage rate under 4% as of April this year. And while it’s true mortgage rates are higher than that right now, there are other non-financial factors to consider when it comes to making a move. In other words, your mortgage rate is important, but you may have other things going on in your life that make a move essential, regardless of where rates are today. As Jessica Lautz, Vice President of Demographics and Behavioral Insights at the National Association of Realtors (NAR), explains: “Home sellers have historically moved when something in their lives changed – a new baby, a marriage, a divorce or a new job. . . .” So, if you’re thinking about selling your house, it may help to explore the other reasons homeowners are choosing to make a move today. The 2022 Summer Sellers Survey by realtor.com asked recent home sellers why they decided to sell. The visual below breaks down how those homeowners responded: As the visual shows, an appetite for different features or the fact that their current home could no longer meet their needs topped the list for recent sellers. Additionally, remote work and whether or not they need a home office or are tied to a specific physical office location also factored in, as did the desire to live close to their loved ones.
The realtor.com survey summarizes the findings like this: “The primary reason homeowners decided to sell in the last year was the realization that, after so much time spent at home, they wanted different features and amenities, such as walkability, outdoor space, pool, etc. . . . ” If you, like the homeowners they surveyed, find yourself wanting features, space, or amenities your current home just can’t provide, it may be time to consider listing your house for sale. Even with today’s mortgage rates, your lifestyle needs may be enough to motivate you to make a change. The best way to find out what’s right for you is to partner with a trusted real estate professional who can provide expert guidance and advice throughout the process. They can help walk you through your options, so you can make a confident decision based on what matters most to you and your loved ones. Bottom Line While the financial reasons for moving are important, there’s often far more to consider. Non-financial reasons can also be a significant motivating factor. If you need help weighing the pros and cons of selling your house, connect with a local real estate professional today. Source KCM #ForSellers #InterestRates #MoveUpBuyers #StephenSimard #RealBrokerLLC If you’re wondering what a recession would mean for the housing market, here’s what you need to know. Historically, data tells us mortgage rates have fallen during previous recessions. There’s no guarantee rates will fall this time, but we can learn from what history shows us. If you’re wondering if it’s a good time to buy a home, DM me today.
#recessions #homeownership #homebuying #expertanswers #stayinformed #staycurrent #powerfuldecisions #confidentdecisions #realestate #homevalues #homebuying #realestategoals #realestatetips #keepingcurrentmatters While watching the stock market recently may have started to feel pretty challenging, checking the value of your home should come as welcome relief in this volatile time. If you’re a homeowner, your net worth got a big boost over the past few years thanks to rising home prices. And that increase in your wealth came in the form of home equity. Here’s how it works. Equity is the current value of your home minus what you owe on the loan. Because there was a significant imbalance between the number of homes available for sale and the number of buyers looking to make a purchase over the past few years, home prices appreciated substantially. And while rising inventory and mortgage rates have cooled the market some in recent months, home prices nationally remain strong. That’s why, according to the latest Homeowner Equity Insights from CoreLogic, the average homeowner equity has grown by $60,000 over the last 12 months. While that’s the national number, if you want to know what happened, on average, over the past year in your area, look at the map below from CoreLogic: Why This Is So Important Right NowLawrence Yun, Chief Economist at the National Association of Realtors (NAR), helps explain why this matters so much today:
“. . . the decline in the stock market has dented overall net wealth. It has fallen by $6 trillion from the first to the second quarter. Only housing wealth has held on, with homeowners’ real estate wealth (home value minus mortgage balance) rising by $1.2 trillion.” While equity helps increase your overall net worth, it can also help you achieve other goals like buying your next home. When you sell your current house, the equity you built up comes back to you in the sale, and it may be just what you need to cover a large portion – if not all – of the down payment on your next home. Bottom Line There’s volatility in today’s stock market, but home equity is still incredibly strong. To find out just how much equity you have in your current home, connect with a trusted real estate advisor. SOURCE KCM #ForBuyers #ForSellers #HousingMarketUpdates #StephenSimard #joinRealBroker Home price appreciation can give homeowners a big boost to their equity. And that equity can help when it’s time to buy your next home. It may be some (if not all) of what you need for your down payment. Do you know how much equity you have? To find out and learn how it can help power your move, DM me today.
#homeequity #expertanswers #stayinformed #staycurrent #powerfuldecisions #confidentdecisions #realestate #instarealtor #realestatetipsoftheday #realestatetipsandadvice #keepingcurrentmatters If recent headlines about the housing market cooling and buyer demand moderating have you worried you’ve missed your chance to sell, here’s what you need to know. Buyer demand hasn’t disappeared, it’s just eased from the peak intensity we saw over the past two years. Buyer Demand Then and Now During the pandemic, mortgage rates hit record lows, and that spurred a significant rise in buyer demand. This year, as rates increased due to factors like rising inflation, buyer demand pulled back or softened as a result. The latest data from ShowingTime confirms this trend (see graph below): The orange bars in the graph above represent the last few months of data and the clear cooldown in the volume of home showings the market has seen since mortgage rates started to rise. But context is important. To get the full picture of where today’s demand stands, let’s look at the July data for the past six years (see graph below): This second visual makes it clear that, while moderating compared to the frenzy in 2020 and 2021, showing activity is still beating pre-pandemic levels – and those pre-pandemic years were great years for the housing market. That goes to show there’s still demand if you sell your house today.
What That Means for You When You Sell The key to selling in a changing market is understanding where the housing market is now. It’s not the same market we had last year or even earlier this year, but that doesn’t mean the opportunity to sell has passed. While things have cooled a bit, it’s still a sellers’ market. If you work with a trusted local expert to price your house at the current market value, the demand is still there, and it should sell quickly. According to a recent survey from realtor.com, 92% of homeowners who sold in August reported being satisfied with the outcome of their sale. Bottom Line Buyer demand hasn’t disappeared, it’s just moderated this year. If you’re ready to sell your house today, lean on a trusted real estate professional to understand how the market has shifted and how to plan accordingly for your sale. SOURCE KCM #ForSellers #HousingMarketUpdate #SellingMyths #StephenSimard #JoinRealBrokerLLC Thinking of selling your house? If so, you should know 40% of homes are selling over their asking price according to the latest data from the National Association of Realtors. That’s because housing supply is still low, even though it’s increasing this year. If you’re ready to make your move, DM me.
#homeprices #expertanswers #realestateexpert #realestatemarket #sellyourhouse #moveuphome #dreamhome #realestate #homeownership #instarealtor #realestatetipsoftheday #realestatetipsandadvice #justsold #keepingcurrentmatters |
Archives
October 2022
Categories
All
|