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Realty Access Blog

Your House Could Be the #1 Item on a Homebuyer’s Wish List During the Holidays  

12/1/2022

Each year, homeowners planning to make a move are faced with a decision: sell their house during the holidays or wait. And others who have already listed their homes may think about removing their listings and waiting until the new year to go back on the market.The truth is many buyers want to purchase a home for the holidays, and your house might be just what they’re looking for. Here are five...

3 Graphs Showing Why Today’s Housing Market Isn’t Like 2008  

10/26/2022

With all the headlines and talk in the media about the shift in the housing market, you might be thinking this is a housing bubble. It’s only natural for those thoughts to creep in that make you think it could be a repeat of what took place in 2008. But the good news is, there’s concrete data to show why this is nothing like the last time.There’s Still a Shortage of Homes on the Market Today, Not...

The Latest on Supply and Demand in Housing

10/18/2022

Over the past two years, the substantial imbalance of low housing supply and high buyer demand pushed home sales and buyer competition to new heights. But this year, things are shifting as supply and demand reach an inflection point.The graph below helps tell the story of just how different things are today.This year, buyer demand has eased as higher mortgage rates and mounting economic...

Four Things That Help Determine Your Mortgage Rate

10/13/2022

If you’re looking to buy a home, you probably want to secure the lowest interest rate possible for your home loan. Over the last couple of years, that was easier to do as the housing market saw record-low mortgage rates, but this year rates have risen dramatically.If you’re looking for ways to combat today’s higher rates and lock in the lowest one you can, here are a few factors to focus on. Since...

Saving for a Down Payment? Here’s What You Should Know.

10/10/2022

As you set out to buy a home, saving for a down payment is likely top of mind. But you may still have questions about the process, including how much to save and where to start.If that sounds like you, your down payment could be more in reach than you originally thought. Here’s why.The 20% Down Payment MythIf you believe you have to put 20% down on a home, you may have based your goal on a common...

The Long-Term Benefit of Homeownership

10/5/2022

Today’s cooling housing market, the rise in mortgage rates, and mounting economic concerns have some people questioning: should I still buy a home this year? While it’s true this year has unique challenges for homebuyers, it’s important to factor the long-term benefits of homeownership into your decision.Consider this: if you know people who bought a home 5, 10, or even 30 years ago, you’re...

Getting Your House Ready To Sell? Work with an Agent for Expert Advice

9/12/2022

In a market that’s shifting as fast as it is today, many homeowners wonder what, if anything, needs to be renovated before they sell their house. That’s where a trusted real estate professional comes in. They can help you think through today’s market conditions and how they impact what you should – and shouldn’t – do before selling your house.Here are some considerations a professional will guide...

What Sellers Need To Know in Today’s Housing Market

8/24/2022

If you’re thinking about selling your house, you may have heard about the housing market slowing down in recent months. While it’s still a sellers’ market, the peak frenzy the market saw over the past two years has cooled some. If you’re asking yourself if you’ve missed your chance to sell your house and make a move, the good news is you haven’t – motivated buyers are still out there. But you do...

What Does the Rest of the Year Hold for Home Prices?

8/12/2022

Whether you’re a potential homebuyer, seller, or both, you probably want to know: will home prices fall this year? Let’s break down what’s happening with home prices, where experts say they’re headed, and why this matters for your homeownership goals.Last Year’s Rapid Home Price Growth Wasn’t the NormIn 2021, home prices appreciated quickly. One reason why is that record-low mortgage rates...

3 Graphs To Show This Isn’t a Housing Bubble  

8/9/2022

With all the headlines and buzz in the media, some consumers believe the market is in a housing bubble. As the housing market shifts, you may be wondering what’ll happen next. It’s only natural for concerns to creep in that it could be a repeat of what took place in 2008. The good news is, there’s concrete data to show why this is nothing like the last time.There’s a Shortage of Homes on the...

Want To Buy a Home? Now May Be the Time.

7/28/2022

There are more homes for sale today than at any time last year. So, if you tried to buy a home last year and were outbid or out priced, now may be your opportunity. The number of homes for sale in the U.S. has been growing over the past four months as rising mortgage rates help slow the frenzy the housing market saw during the pandemic.Lawrence Yun, Chief Economist at the National Association of...

Why Pre-Approval is a Game Changer for Homebuyers

7/19/2022

If you’re planning to buy a home this year, you might have heard that pre-approval is a necessary step to take before starting out on your journey. But why is that? And is it still important in today’s shifting market?The truth is, getting a pre-approval letter from your lender is critical, and when it comes to your home search, it can be a game changer in so many ways.To better understand why,...

Should I Rent or Should I Buyer?

7/16/2022

It’s worth considering the many benefits of homeownership before you make the decision to rent or buy a home.When you buy, you can stabilize your housing costs, own a tangible asset, and grow your net worth as you gain equity. When you rent, you face rising housing costs, won’t see a return on your investment, and limit your ability to save.If you want to learn more about the benefits of...

Housing Experts Say This Isn't a Bubble

7/15/2022

With so much talk about an economic slowdown, some people are asking if the housing market is heading for a crash like the one in 2008. To really understand what's happening with real estate today, it's important to lean on the experts for reliable information.Here's why economists and industry experts say the housing market is not a bubble ready to pop.Today Is Nothing Like 2008The 2008 housing...

A Key Opportunity for Homebuyers

7/6/2022

There’s no denying the housing market has delivered a fair share of challenges to homebuyers over the past two years. Two of the biggest hurdles homebuyers faced during the pandemic were the limited number of homes for sale and the intensity and frequency of bidding wars. But those two things have reached a turning point.As you may have already heard, the number of homes for sale has increased...