Tri-County Realty

Who is looking for a 3 bed, 2 bath in Ellendale!? Available July 15: Milford SD; $1600!

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Who is looking for a rental in Smyrna? Available early July. 3 beds, 2.5baths $1600!

As the housing market shifts away from the peak frenzy it saw during the pandemic, the supply of homes for sale is increasing. As a buyer, that gives you more options for your search. And that means it shouldn’t feel as impossible to find a home today as it has over the past two years. If you’re ready to buy your dream home, DM me today.

Are you worried home prices will fall? Experts say that’s not likely. Here's why. Even though housing supply is increasing, it’s still low overall. In fact, experts forecast that nationally, home prices will keep appreciating this year. If you want to know what’s happening with home prices in our area and what they mean for you, DM me.

The U.S. Homeownership Rate Is Growing

The desire to own a home is still strong today. In fact, according to the Census, the U.S. homeownership rate is on the rise. If you’re thinking about buying a home this year, here are just a few reasons why so many people see the value of homeownership.

There are several benefits to owning your home. A significant one, especially when inflation is high like it is today, is that homeownership can help protect you from rising costs. Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), explains, “Renters actually have a harder time in inflationary periods, because rents tend to rise along with inflation, whereas mortgage payments stay the same for homeowners with fixed-rate mortgages.”

When you buy a home with a fixed-rate mortgage, you can lock in what's likely your biggest monthly expense – your housing payment – for the duration...

The U.S. Homeownership Rate Is Growing The desire to own a home is still strong today. In fact, according to the Census, the U.S. homeownership rate is on the rise. To illustrate the increase, the graph below shows the homeownership rate over the last year:

Thinking of selling your house? If so, the supply of homes for sale is growing, and that means you’ll have more options to choose from for your move. At the same time, it’s still a sellers’ market because overall inventory is still low. If you want to get the best of both worlds and sell while your house will still stand out, DM me today.

Are you wondering what a recession could do to home values? Historical data proves an economic slowdown doesn’t mean prices will fall. In 4 of the last 6 recessions, home prices actually appreciated. This goes to show 2008 wasn’t the norm. DM me, and let’s discuss why history shows an economic slowdown doesn’t equal a housing crisis.