Jonathan Kemp - Real Estate Professional

Home affordability depends on three factors: mortgage rates, home prices, and wages. Mortgage rates are down from their recent peak, home prices are expected to rise at a slower pace, and wages are increasing faster than usual. That’s good news if you want to buy a home because it means affordability is getting better.



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Why It’s More Affordable To Buy a Home This Year [INFOGRAPHIC] Home affordability depends on three factors: mortgage rates, home prices, and wages. 

Spring may be around the corner, but there's no need to wait. The supply of homes available for sale is still lower than normal. And with the recent downward trend in mortgage rates, buyer demand is growing. Your house is in demand now. If you’re ready to make a move, DM me today so we can discuss why it’s a great time.



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There are plenty of reasons why you may want or need to move. For many, it's a new job opportunity or the desire to be closer to loved ones. If you're considering selling your house and could use some friendly advice on weighing the pros and cons, let's chat. I'm here to help you explore your options.



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Great news for 2024 - inventory is expected to increase, offering more options for your next home. Imagine the possibilities. Ready to explore what's available in our area? Let's connect and find the perfect match for you.



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If one of the goals on your list is selling your house and making a move this year, you’re likely juggling a mix of excitement about what’s ahead and feeling a little sentimental about your current home. Keep these three best practices in mind when you’re ready to sell.

1. Price Your Home Right

If you price your house too high, you run the risk of deterring buyers. And if you go too low, you’re leaving money on the table. An experienced real estate agent can help determine what your ideal asking price should be, so your house moves quickly and for top dollar.

2. Keep Your Emotions in Check

Today, homeowners are staying in their houses longer than they used to. According to the National Association of Realtors (NAR), since 1985, the average time a homeowner has owned their home has increased from 6 to 10 years.

This is much more than what used to be...



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3 Must-Do’s When Selling Your House in 2024 If one of the goals on your list is selling your house and making a move this year, you’re likely juggling a mix of excitement about what’s ahead and feeling a little sentimental about your current home.

Thinking of buying a home this year? Time to be strategic. With the current affordability challenges and limited housing supply, finding a home that suits your needs and fits your budget requires some thoughtful planning. Let's chat about your priorities and ensure your housing decision aligns with your long-term goals.



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Have you been holding off on selling your house because you felt mortgage rates were too high? If so, their recent dip is good news. Lower rates not only help you feel less locked-in to your current rate, but they also bring more buyers to the market. If you're ready to make the most of today's more favorable conditions and talk through the next steps, DM me.



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To really understand home affordability, you need to look at the combination of three important factors: mortgage rates, home prices, and wages.

1. Mortgage Rates

Mortgage rates have come down in recent months. And looking forward, most experts expect them to decline further over the course of the year. Even a small change in mortgage rates can have a big impact on your purchasing power, making it easier for you to afford the home you want by reducing your monthly mortgage payment.

2. Home Prices

The second important factor is home prices. After going up at a relatively normal pace last year, they’re expected to continue rising moderately in 2024.
That’s great news for you because it means prices aren’t likely to skyrocket like they did during the pandemic. But it also means it’ll probably cost you more to wait. So, if you’re ready, willing, and able to...



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3 Key Factors Affecting Home Affordability Over the past year, a lot of people have been talking about housing affordability and how tight it’s gotten.

If you’ve been holding off on selling your house to make a move because you felt mortgage rates were too high, their recent downward trend is exciting news for you. Mortgage rates have descended since last October when they hit 7.79%. In fact, they’ve been below 7% for over a month now.

And while they’re not going back to the 3% we saw during the ‘unicorn’ years, they are expected to continue to go down from where they are now in the near future.

You May Not Feel as Locked-In to Your Current Mortgage Rate

With mortgage rates already significantly lower than they were just a few months ago, you may feel less locked-in to the current mortgage rate you have on your house. With rates dropping, the difference between your current mortgage rate and the new rate you’d be taking on isn’t as big as it was. That makes moving more affordable than it was just a...



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2 Reasons Why Today’s Mortgage Rate Trend Is Good for Sellers If you’ve been holding off on selling your house to make a move because you felt mortgage rates were too high, their recent downward trend is exciting news for you.

Thinking about buying a home? Understanding how mortgage rates affect your monthly payments is key. They’ve been trending down in recent weeks, so buying a home has gotten a bit more affordable, opening the doors for people to achieve their homeownership dreams. Are you ready to make 2024 the year you buy a home? DM me today.



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Buying a home is a powerful decision, and it remains at the heart of the American Dream. Let’s explore just a few of the reasons why so many Americans continue to value homeownership.

The Financial Benefits of Owning a Home

One possible reason homeownership is viewed so highly is because owning a home is a significant wealth-building tool. Over time, owning a home not only helps boost your own net worth, but it also sets future generations up for success as you pass that wealth down.

It can also provide meaningful financial stability compared to renting. When you buy with a fixed-rate mortgage, you can lock in your monthly housing payments for the length of your home loan.

The Non-Financial Benefits of Homeownership

But, owning a home offers more than just financial benefits—it benefits you socially and emotionally too. Your home provides...



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Homeownership Is Still at the Heart of the American Dream Buying a home is a powerful decision, and it remains at the heart of the American Dream.