There are ten housing markets to watch in 2025. The Real Estate market will show real signs of life. The Federal Reserve’s gradual monetary policy easing is expected to stabilize mortgage rates around 6% in 2025. This stability will encourage more buyers to enter the market, driving existing home sales to approximately 4.5 million units.NAR predicts a 2% rise in home prices, setting the median Continue Reading
Archives for December 2024
Buying a home Understanding the New Rules
Buying a home is one of the most significant financial milestones in life. To make the journey smooth and informed, working with an agent like myself, who is also a REALTOR®, ensures you have a trusted guide. REALTORS like myself ® are ethically committed to acting in your best interest and navigating you through every step of the process. Recent changes resulting from NAR’s settlement Continue Reading
A Brighter Outlook for Boston and Beyond
A Brighter Outlook for Boston and Beyond: Navigating Challenges in a Limited Housing Market The past two years have been challenging for real estate professionals and those looking to buy or sell homes. However, the tide may be turning. Lawrence Yun, chief economist for NAR, predicted more robust home sales and moderating mortgage rates for 2025 and 2026 at NAR NXT in Boston. The Limited Supply Continue Reading
Top Cities Affordability Housing for Minium Wage Earners
Top Cities for Affordable Housing for Minimum Wage Earners Renters across the U.S. have a reason to celebrate: rents declined in November, making housing more accessible for many—especially those earning minimum wage. Affordability is a big concern. Cities and affordability, along with crime in major cities, the new president in Jan won on the issue. According to a recent Continue Reading
High-Cost Cities Warning
The Millennial Wealth Exodus: A Warning for High-Cost Cities California Tops the List of States Losing Affluent Millennials California saw the most significant departure of upwardly mobile millennial households in 2022, with **3,226 high-earning households leaving the state. These households, boasting an average adjusted gross income of $480,776, represent a significant financial and Continue Reading
Highlights from the 2024 Profile of Home Buyers and Sellers
Highlights from the 2024 Profile of Home Buyers and Sellers We are in the final stretch of 2024, and if you're a seller or buyer, this post might provide you with information about who was in the market and might give you some insight into the market going into 2025. This data can also help sellers know who their buyers could be when looking at their homes and figure out what features Continue Reading
Buyer Commission Updates: What Sellers Need to Know
Buyer Commission Changes: What Sellers Need to Know Buyer agent's commissions are going through a significant shift. One could argue that the real estate world is shifting, and one of the most significant changes comes from the National Association of Realtors (NAR) regarding buyer commissions. These updates have sparked discussions about how commissions are structured, and for sellers, it’s an Continue Reading
Should You Rent or Buy? Breaking Down the Numbers
Should You Rent or Buy? Breaking Down the Numbers This Holiday Season Rental prices have fallen for the 15th consecutive month, making it tempting to think renting is more thoughtful than buying. But when it comes to deciding, it’s not that simple. According to the Realtor.com® October 2024 Rental Report, renting is more affordable than buying in all 50 major metro areas. The median Continue Reading
Affordable Metros: Maximize Your Home Value
The Most Affordable Metros in America: Get More Bang for Your Buck Many Americans are concerned about home affordability, especially as mortgage rates continue to trend higher. Despite the challenges, several metros still offer the opportunity to own a home without overextending one's budget. Realtor.com® recently analyzed the largest metros in the U.S. and found that while cities like Los Continue Reading
