Market Update: The Fed and Interest Rates
For the last two years, every Federal Reserve meeting has been closely watched. Historically high rates—particularly mortgage rates have everyone hoping for rate cuts that will trickle down to the mortgage market. We know you want to be informed. We’ve compiled this quick update to help! Let’s take a look at the current situation, what […]
Are More Homes Coming onto the Market?
When you’re thinking of selling your home, real estate inventory really matters! The principles of supply and demand say that your home is more likely to sell quickly (for the price you want) when there are fewer homes on the market. Right now, housing inventory is low. Are more homes going to be listed soon, […]
Trend Alert: Smaller and More Affordable Home on the Rise
Housing affordability is a major issue many people are facing right now, and it’s increasing demand for smaller, more affordable homes. Robert Dietz, Chief Economist at the National Association of Home Builders (NAHB), explains: “as interest rates increased in 2022, and housing affordability worsened, the demand for home size has trended lower.” If you’ve been […]
Remote Work’s Impact on the Housing Market
The way we work has shifted significantly over the past few years. COVID made remote work wildly popular, and that hasn’t changed since! Experts predict that 36.2 million Americans will be working remotely by 2025; that’s a projected increase of 417% compared to pre-pandemic statistics. When it comes to the housing market, this remote-work boom […]
September Market Update
At MarketPro, we believe that an informed homeowner is our best client. As the real estate market continues to evolve at a rapid pace, we make it a priority to provide you with our extensive knowledge and expertise on a monthly basis. As we transition into the fall season, we feel it’s crucial to take […]
Sellers: Don’t Let These Two Things Hold You Back
Many homeowners are hesitant to sell their homes right now, even if they want to move. It’s a strange housing market out there, and it’s hard to know how to best time your sale—and your next purchase. If you’re in this situation, we’d love to help. We thoroughly understand the particulars of this market, and […]
Three Ways You Can Use Your Home Equity
One of the many benefits of owning a home is building equity. When home prices are rising, your home becomes an automatic savings account. If you’ve owned your home for a few years, you likely have significant equity—even if your home is distressed. Equity grows over time as you pay down your loan while your […]
Cooler Weather, Hot Market: Why This Fall is a Great Time to Sell
Typically, the housing market cools with the weather. The spring and summer are usually peak times for home sales, and things are slower in the fall and winter. This year, though, the situation is different! Let’s look at what makes this fall a particularly good time to sell your home. Reason 1: Better weather. It’s […]
An Update on Interest Rates
Real estate values and trends depend on a lot of factors. But in the last few years the historically low and then historically high interest rates have caused the biggest shifts in the market. This is why we have been providing regular blog updates on the market and the impact of interest rates. Understanding the […]
Reasons Your Home May Not Be Selling
When you’re selling your home, you want a fast, easy sale—for a good price. And you want to sell into a strong market. The good news is that it is a seller’s market right now. Inventory is limited and it’s giving sellers a pricing edge. However, not all homes are selling quickly, and we’ve assembled […]