Denise Kemp+FollowWhy Buying a Home Feels Impossible RNMortgage rates just crept up again, thanks to inflation heating up. If you’re house hunting, brace yourself: the average 30-year rate is now 6.75%. That means you’ll need a way bigger paycheck to afford the same house as a few years ago—almost double, in fact! With homes sitting on the market longer and prices barely budging, it’s a tough time for buyers. Pro tip: Boost your credit score to snag a better rate and keep an eye on those listings for any deals. #RealEstate #HomeBuying #MortgageRates00Share
russellolson+FollowIs It Finally a Buyer’s Market?Thinking about buying a home? Good news: home prices barely budged in June, rising just 1.3%—way less than usual. More houses are popping up for sale, so buyers can actually negotiate a bit. But don’t expect a fire sale—prices are still high, and mortgage rates haven’t dropped. If you’re house hunting, now’s the time to shop around and maybe score a deal, especially in the Midwest or Northeast. Sun Belt cities? Not so hot right now! #RealEstate #HomeBuying #RealEstateTips00Share
davenportmeghan+FollowWhy Fewer People Are House Hunting NowThinking about buying a home? You’re not alone in hitting pause. After mortgage rates crept up to 6.72%, home loan applications dropped by 10% last week. Higher rates mean bigger monthly payments, so more folks are waiting it out. The twist? Some homeowners are jumping on the chance to refinance before rates climb higher. If you’re house hunting, you might find less competition—but your wallet will feel the pinch! #RealEstate #HomeBuying #MortgageRates20Share
Heather Moore+FollowBrooklyn Homes: Sold Out & Over Asking!Ever wondered if those dreamy Brooklyn homes actually sell? Turns out, three out of four featured listings from six months ago not only sold—they went for way over asking! From a Gowanus gem with a lush backyard to a classic row house in Prospect Lefferts Gardens, buyers were ready to pay extra for charm and location. The takeaway? If you’re eyeing a unique spot, be ready to move fast and maybe bid a little higher! #RealEstate #BrooklynRealEstate #HomeBuying10Share
Brad Caldwell+FollowIs Phoenix Real Estate Heating Up Again?Thinking about buying or selling a home in Phoenix? June saw a small bump in home sales and a lot more houses popping up for sale, but prices mostly stayed put. While some neighborhoods like Goodyear are buzzing, experts say don’t expect a wild comeback just yet—2024’s market was pretty sluggish, and mortgage rates are still high. If you’re house-hunting, keep an eye out for deals as more listings hit the market, but don’t rush—2025 might only be a little better. #RealEstate #PhoenixRealEstate #HomeBuying10Share
russellolson+FollowWhy Homebuyers Keep Ghosting SellersEver wonder why so many home sales fall through at the last minute? Turns out, nearly 15% of buyers bailed on deals in June 2024! Sometimes the bank won’t cough up enough cash, or a surprise in the inspection report sends buyers running. Even a noisy neighbor or a sudden case of cold feet can kill the vibe. If you’re selling, keep your place in tip-top shape and be ready for a little drama before the deal is done. #RealEstate #HomeBuying #MoneyHacks1621Share
Matthew Jackson+FollowTexas Home Listings Are Up—But Who’s Buying?Texas real estate is having a plot twist: there are more homes for sale than we’ve seen in 14 years, but buyers are playing hard to get. Even with tons of choices, sales are down—especially in Austin and Dallas. Why? Folks are nervous about high prices, rising insurance, and those not-so-sweet mortgage rates. If you’re house hunting, you’ve got more room to negotiate. Sellers? It’s time to get realistic. Anyone else seeing more “For Sale” signs in their neighborhood? #RealEstate #TexasRealEstate #HomeBuying00Share
Matthew Jackson+FollowDetroit’s New Homes: Worth the Hype?Thinking about buying a place in Detroit? You’ve got way more choices now, especially if you’re eyeing those shiny new townhomes or single-family houses. A decade ago, these weren’t even on the menu, but thanks to the city’s glow-up, they’re popping up all over downtown. If you want that fresh paint smell and modern vibes, Detroit’s got you covered. Just be ready for the price tag! #RealEstate #DetroitRealEstate #Homebuying00Share
russellolson+FollowWhy Are Homes Sitting Unsold Longer?Noticing more 'For Sale' signs hanging around? Even in those once-buzzy cities like Miami and Orlando, homes are taking longer to sell. Blame it on high prices, picky buyers, and insurance headaches—especially in the South and West. The good news? If you’re house hunting, you might finally have some leverage to negotiate or spot a price drop. Sellers, on the other hand, need to get real about pricing if they want to move on. Welcome to the new normal in real estate! #RealEstate #RealEstateTips #HomeBuying00Share
Aaron Ballard+FollowBrooklyn Homes Almost Hit $1M—What Now?Brooklyn’s median home price is now just $5,000 shy of $1 million, which means more buyers could soon get hit with NYC’s mansion tax—even if their place isn’t exactly a palace. Homes are selling faster, but there’s drama over how long listings sit on the market, thanks to new private listing tactics. If you’re house-hunting, watch out for sneaky extra fees once you cross that million-dollar line! #RealEstate #BrooklynRealEstate #HomeBuying00Share
