Generation Z, born between the mid-1990s and early 2010s, is starting to make its mark in the housing market. Here are some ways this upcoming generation is influencing the real estate industry: Homeownership Aspirations: Despite being younger, many Gen Z individuals already have aspirations of homeownership. They understand the value of investing in real estate…
Life is a journey filled with unexpected twists and turns, like the excitement of welcoming a new addition, retiring, and starting a new adventure, or the bittersweet feeling of an empty nest. If something like this is changing in your own life, you may be considering buying or selling a house. That’s because through all…
While I cannot provide real-time data or predictions, I can give you an overview of factors that may influence home price forecasts for the year-end of 2023. The real estate market is influenced by various factors, including economic conditions, supply and demand dynamics, interest rates, and government policies. Here are a few key considerations: Market…
Generation Z, born between the mid-1990s and early 2010s, is starting to make its mark in the housing market. Here are some ways this upcoming generation is influencing the real estate industry: Homeownership Aspirations: Despite being younger, many Gen Z individuals already have aspirations of homeownership. They understand the value of investing in real estate…
The current housing market is experiencing a significant shortage of inventory, with only about half the usual number of homes available for sale. This low inventory situation has several implications for both buyers and sellers: Increased Competition: With fewer homes on the market, there is increased competition among buyers. This can lead to bidding wars…
Seasonality has a significant impact on the real estate market, influencing both buyer and seller behavior. Here are some key points to consider when discussing the impact of seasonality: Demand and Inventory: The number of buyers and sellers in the market fluctuates throughout the year. Generally, the spring and summer months see increased activity, as…
When you look at the numbers today, the one thing that stands out is the strength of this housing market. We can see this is one of the most foundationally strong housing markets of our lifetime – if not the strongest housing market of our lifetime. Here are two fundamentals that prove this point. 1.…
What will the new year bring for homebuyers, homeowners, and home sellers? Lower or higher home prices? Higher or lower mortgage interest rates? Or a continuation of the overheated pandemic-inspired housing market? There’s no question that the blistering housing market of the past three years was hard on homebuyers. By October 2022, the average mortgage…