Local Roots Real Estate

Does the recent rise in foreclosure filings mean we’re headed for another crash? The short answer is no.

Right now, only 1% of all homes are seriously delinquent, meaning the owners are more than 90 days behind on their payments. That’s only 1 in 100.

During the last crash, it was 9%. That’s 1 in 11. And that’s a big difference.

Plus, not every delinquency even turns into a foreclosure. Many homeowners work out repayment plans. Others will use their equity to sell.

So, don’t let foreclosure headlines spark flashbacks to 2008. This isn’t a wave. It’s a ripple at most.

You may see posts saying more buyers are backing out of contracts lately. But here’s the key thing to understand if you want to sell. There’s one common cause – and it’s something you can control.

Over 70% of recently cancelled contracts happened because issues popped up during the inspection. But that's a headache you can dodge with the right prep.

With an agent’s help, you can uncover potential issues early and fix them before you list. That way you’re not reactive, you’re proactive. And buyers never get caught off guard.

If you want to know which repairs are the biggest deal breakers for buyers today, DM me. That way, you stay one step ahead.

The #1 Reason Buyers Walk Away (And How To Get Ahead of It)

One of the biggest dealbreakers for buyers today is inspection issues – and that’s something you can control. You just need to be proactive about high-impact repairs before you list.

If you want help figuring out where to focus, let's connect so we can keep your sale on track from day one.

The #1 Reason Buyers Walk Away (And How To Get Ahead of It) You may have seen headlines on social saying the number of buyers backing out of their contracts is on the rise – and has recently reached a high not seen since 2017.

Spring brings more listings, more buyers, and more competition to the housing market.
And in such a busy season, knowing what to expect is key.

That’s where the Spring Buyer & Seller Guides come in.

These just-released guides are packed with market updates, expert insights, and real-life advice for today’s market.

If a move is on your radar this season, you’ll want this in your hands.

DM me or drop a comment with “BUYER” or “SELLER” below. And I’ll make sure you get a digital copy.

A lot of buyers think rates dropping from the low 6s into the upper 5s would dramatically change their monthly payment. But the math tells another story.

On a $500k loan, the difference between getting a 6.1% and 5.9% mortgage rate is only about $64 a month. Not $300. Not $500. Only $60.

That’s not the massive swing many buyers imagine when they say they’re “waiting for the 5s.”

If you’re holding out for a lower rate, my advice is to double check the math. Because rates have already come down significantly from just one year ago. And you may not need to wait any longer.

The numbers could already work better than you expect.

One Key Sign We’re Not Headed for a Wave of Foreclosures

Are foreclosure filings rising slightly? Yes. Are they anywhere near crash territory? No. And homeowners today have far more equity and flexibility than they did during the crash.

If you’re concerned about what you’re seeing in the headlines, the best move isn’t panic, it’s perspective. And the data right now says this isn’t 2008 all over again.

One Key Sign We’re Not Headed for a Wave of Foreclosures Foreclosures are ticking up. And that may make your mind jump straight to thoughts of 2008 – specifically to what happened to the market during the housing crash.

If Your House Isn’t Getting Offers, Read This.

If your listing feels stuck, it’s not a sign you shouldn’t sell. It’s the market giving you feedback. And feedback is powerful when you use it.

Start with a real conversation with a real agent about what’s working and what’s not. Your agent will be able to tell you which small adjustments could totally change the momentum. Because in this market, the sellers who adapt are the ones who move.

If Your House Isn’t Getting Offers, Read This. Online searches for “can’t sell house” just hit an all-time high according to Google Trends.

Should You Wait for Lower Rates?

If you’ve been sitting on the sidelines waiting for that magic number for rates, that strategy may not pay off as much as you’d expect.

Let's connect so you can double check the math at your price point. You may realize payments are already within your range.

Should You Wait for Lower Rates? Mortgage rates have already dropped into the upper 5s twice this year. But after just a few days, they ticked back up into the low 6% range.

What if you didn’t have a mortgage payment on your next house? It may sound a little far-fetched. But for a number of homeowners today, it's actually happening.

Nearly 3 out of every 10 homes purchased today are bought in cash. And home equity is a big part of what’s making that possible.

Imagine what that could change for you. No home loan. No monthly mortgage payment. No worrying about what mortgage rates are today.

Want to know if buying your next house in cash is a possibility for you too? DM me.
Because with how much equity homeowners have today, it may be.

Homebuilders are in deal mode right now. Here’s why.

There are more new builds on the market than usual. Now, this doesn’t mean builders are overbuilding. But it does mean they're motivated to sell their current inventory before they build more – and that’s good for buyers like you.

It’s why the majority are offering incentives like rate buydowns, closing cost credits, and free upgrades. And roughly one-third are even cutting prices.

The opportunity to get a good deal is there. You just need a partner to help you make the most of it.

DM me if you want to know which builders are offering the best incentives in our area.