Summer Mitchell - Windermere

Homes continue to see near-record levels of price appreciation. If you’re thinking of selling, your house could be worth more than you think. DM me today to take advantage of today’s incredible sellers’ market.

One of the major story lines over the last year is how well the residential real estate market performed. One key metric in the spotlight is home price appreciation. According to the latest indices, home prices are skyrocketing this year.

Every region in the country is experiencing at least a 14.9% increase in home price appreciation, according to the Federal Housing Finance Agency (FHFA). According to the U.S. National Home Price Index from S&P Case-Shiller, every major metro is seeing at least a 13.3% growth in prices.

But what about price appreciation in 2022? Prices are the result of the balance between supply and demand. The demand for single-family homes has been strong over the last 18 months. The supply of houses available for sale was near historic lows. However, there’s some good news on the supply side. Realtor.com reports:

“432,000 new listings hit the national housing market in...

Home Price Appreciation Is Skyrocketing in 2021. What About 2022? One of the major story lines over the last year is how well the residential real estate market performed. One key metric in the spotlight is home price appreciation. According to the latest indices, home prices are skyrocketing this year.

If you’ve been having trouble finding your home, don’t give up. Experts are optimistic buyers will get some welcome relief as more inventory makes its way to market before the end of the year. DM me today if you need an expert to help you in your home search.

Houses continue to sell quickly in today’s real estate market. This July, close to 90 percent of homes sold in under a month. If you’re hoping for a fast and efficient home sale, DM me today so we can get started.

Wishing you a happy and safe Labor Day.

Honoring the American Workforce

Pricing your house right takes market experience and expertise. To find the best list price, your agent balances current market demand, values of homes in your neighborhood, where prices are headed, and your home’s condition. If you’re ready to sell, don’t guess on the price. DM me so we can price your house to attract multiple offers and maximize your return on investment.

Your Agent Is Key When Pricing Your House Some Highlights Pricing your house right takes market experience and expertise. To find the best list price, your agent balances current market demand, values of homes in your neighborhood, where prices are headed, and your home’s condition. If you’re ready to sell, don’t guess on the price. L...

With a housing market this competitive, you may need to think outside the box. Trusted real estate advisors can help with things like assessing your budget, expanding your search radius, looking into other options, and determining your true needs. DM me today if you're having trouble finding your first home so we can explore options together!

Why does an appraisal gap happen?

Basically, with the heightened buyer demand, purchasers are often willing to pay over asking to secure the home of their dreams. If you’ve ever toured a house you’ve fallen in love with, you understand. Once you start to picture yourself and your furniture in the rooms, you want to do everything you can to land the property, including putting in a high offer to try to beat out other would-be buyers.

When the appraiser comes in, they look at things a bit more objectively. Their job is to assess the inherent value of the home, so they’re going to study the facts. In simple terms, while homebuyers may be willing to pay more, appraisers are there to assess the market value of the home. Their goal is to make sure the lender isn’t loaning more money than the home is worth. It’s objective, rather than emotional.

What does this mean for you?

Ultimately, knowledge...

What Buyers and Sellers Need To Know About the Appraisal Gap It’s economy 101 – when supply is low and demand is high, prices naturally rise. That’s what’s happening in today’s housing market. Home prices are appreciating at near-historic rates, and that’s creating some challenges when it comes to home appraisals.

Two major personal wealth goals – homeownership and net worth – work hand-in-hand. Below are just a few reasons why, if you’re looking for financial security, homeownership should be a top priority.

The gap between homeowners and renters continues to widen. That’s because homeownership contributes massively to an individual’s overall net worth. Odeta Kushi, Deputy Chief Economist at First American, highlights this idea. “. . . between 2016 and 2019, housing wealth was the single biggest contributor to the increase in net worth across all income groups . . . .” When we look even closer at the most recent data from 2019, the average homeowner’s net worth is more than 40 times greater than that of the average renter.

The gap exists in large part because homeowners build equity as their home appreciates in value and they pay off a portion of their mortgage each month. When you own your...

The Difference in Net Worth Between Homeowners and Renters Is Widening Becoming financially secure is an important goal for many people today, but some don’t realize just how much homeownership can help them achieve that dream. A recent report, The Journey Toward Financial Freedom, surveys Americans about their perspective on financial wellness and their goals. It sh...

Home price growth increased dramatically over the last year, which means the equity in your home has grown, too. Whether you’re looking to move up, downsize, or finally move to the area you’ve been dreaming about, your equity can power your . DM me today if you’re ready to capitalize on this incredible opportunity.