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Sellers: Make Today’s Home Price Appreciation Work for You Home prices continue to rise as we move through the summer, and that’s good news for sellers who are looking to maximize their home’s potential. If you’re on the fence about whether to list your house now or later, the question you should really ask is: will this price appreciation last? Here’s what three leading industry experts have to say about what lies ahead. Lawrence Yun, Chief Economist, National Association of Realtors (NAR): “At a broad level, home prices are in no danger of a decline due to tight inventory conditions, but I do expect prices to appreciate at a slower pace by the end of the year.” Selma Hepp, Deputy Chief Economist, CoreLogic: “The imbalance between robust demand and dismal availability of for-sale homes has led to a continual bidding over asking prices, which reached record levels in recent months... #Bgroup #Prescott #Realtor #Homes #Smart

Wed, Aug 4 2021

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With Rents on the Rise – Is Now the Time To Buy? According to recent data from realtor.com, median rental prices have reached their highest point ever recorded in many areas across the country. The report found rents rose by 8.1% from the same time last year. If you’re a renter concerned about rising prices, now may be the time to consider purchasing a home. When you weigh your options of whether to buy a home or continue renting, how much you’ll pay each month is likely top of mind. According to the National Association of Realtors (NAR), monthly mortgage payments are rising, but they’re still significantly lower than the typical rental payment. NAR indicates the latest data on homes closed shows the median monthly mortgage payment is $1,204. By contrast, the median national rent is $1,575 according to the most current data provided by realtor.com. In other words, buyers who recently purchased a home... #Bgroup #Prescott #Realtor #Homes #Smart

Tue, Aug 3 2021

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Key Questions To Ask Yourself Before Buying a Home Before you decide whether you’re ready to buy a home, you should know how to answer these three questions. >>What’s Going on with Home Prices? Home prices are one factor that directly impacts how much it will cost to buy a home and how much you stand to gain as a homeowner when prices appreciate. Continued price appreciation is great news for existing homeowners but can pose a significant challenge if you wait to buy. Put simply, with home prices increasing, the longer you wait, the more it could cost you. >>Are Today’s Low Mortgage Rates Going To Last? Another significant factor that should inform your decision is mortgage interest rates. Today’s average rates remain close to record-lows. Much like prices, though, experts forecast rates will rise over the coming months. Your monthly mortgage payment can be significantly impacted by even the slightest... #Bgroup #Prescott #Realtor #Homes #Smart

Mon, Aug 2 2021

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Sellers: Make Today’s Home Price Appreciation Work for You Home prices continue to rise as we move through the summer, and that’s good news for sellers who are looking to maximize their home’s potential. If you’re on the fence about whether to list your house now or later, the question you should really ask is: will this price appreciation last? Here’s what three leading industry experts have to say about what lies ahead. Lawrence Yun, Chief Economist, National Association of Realtors (NAR): “At a broad level, home prices are in no danger of a decline due to tight inventory conditions, but I do expect prices to appreciate at a slower pace by the end of the year.” Selma Hepp, Deputy Chief Economist, CoreLogic: “The imbalance between robust demand and dismal availability of for-sale homes has led to a continual bidding over asking prices, which reached record levels in recent months... #Bgroup #Prescott #Realtor #Homes #Smart

Wed, Aug 4 2021

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With Rents on the Rise – Is Now the Time To Buy? According to recent data from realtor.com, median rental prices have reached their highest point ever recorded in many areas across the country. The report found rents rose by 8.1% from the same time last year. If you’re a renter concerned about rising prices, now may be the time to consider purchasing a home. When you weigh your options of whether to buy a home or continue renting, how much you’ll pay each month is likely top of mind. According to the National Association of Realtors (NAR), monthly mortgage payments are rising, but they’re still significantly lower than the typical rental payment. NAR indicates the latest data on homes closed shows the median monthly mortgage payment is $1,204. By contrast, the median national rent is $1,575 according to the most current data provided by realtor.com. In other words, buyers who recently purchased a home... #Bgroup #Prescott #Realtor #Homes #Smart

Tue, Aug 3 2021

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Key Questions To Ask Yourself Before Buying a Home Before you decide whether you’re ready to buy a home, you should know how to answer these three questions. >>What’s Going on with Home Prices? Home prices are one factor that directly impacts how much it will cost to buy a home and how much you stand to gain as a homeowner when prices appreciate. Continued price appreciation is great news for existing homeowners but can pose a significant challenge if you wait to buy. Put simply, with home prices increasing, the longer you wait, the more it could cost you. >>Are Today’s Low Mortgage Rates Going To Last? Another significant factor that should inform your decision is mortgage interest rates. Today’s average rates remain close to record-lows. Much like prices, though, experts forecast rates will rise over the coming months. Your monthly mortgage payment can be significantly impacted by even the slightest... #Bgroup #Prescott #Realtor #Homes #Smart

Mon, Aug 2 2021

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