John Cavaliere, Realtor, William Raveis Real Estate

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The Many Non-Financial Benefits of Homeownership

Buying and owning your own home can have a big impact on your life. While there are financial reasons to become a homeowner, it's essential to think about the non-financial benefits that make a home more than just a place to live.

Here are some of the top non-financial reasons to buy a home.

According to Fannie Mae, 94% of survey respondents say “Having Control Over What You Do with Your Living Space” is a top reason to own.

Your home is truly your own space. If you own a home, unless there are specific homeowner association requirements, you can decorate and change it the way you like.

Fannie Mae also finds 90% say “Having a Good Place for Your Family To Raise Your Children” tops their list of why it’s better to buy a home.

Another important factor to think about is what stage of life you’re in. U.S. News breaks it down: “For those with young...

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The Many Non-Financial Benefits of Homeownership Buying and owning your own home can have a big impact on your life.

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How Remote Work Helps with Your House Hunt [INFOGRAPHIC]

While remote work peaked during the pandemic, many people still work from home today. If you’re one of them, it could have an unexpected benefit when you’re looking to buy a home. If you can work from home, you might have more choices for where to live. DM me to talk about your options and what's most important to you.

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How Remote Work Helps with Your House Hunt [INFOGRAPHIC] While remote work peaked during the pandemic, many people still work from home today.

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The mortgage pre-approval process is one of the most important steps you can take as a homebuyer. It helps you understand what you can borrow, and it shows sellers you’re serious about buying their home. If you want to make sure you really know your numbers and stand out from other buyers, connect with a lender to begin the process.

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Early signs show the number of people putting their houses up for sale may be trending up, which is a bit unusual for this time of year. While inventory is still low, you may want to put your house on the market before it has more competition from other sellers. DM me today and let’s work together to get your house sold before your neighbors list theirs.

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Remote Work Is Changing How Some Buyers Search for Their Dream Homes

The way Americans work has changed in recent years, and remote work is at the forefront of this shift. Experts say it’ll continue to be popular for years to come and project that 36.2 million Americans will be working remotely by 2025. To give you some perspective, that's a 417% increase compared to the pre-pandemic years when there were just 7 million remote workers.

If you’re in the market to buy a home and you work remotely either full or part-time, this trend is a game-changer. It can help you overcome some of today’s affordability and housing inventory challenges.

How Remote Work Helps with Affordability

Remote or hybrid work allows you to change how you approach your home search.

If you're thinking about moving, having this kind of location flexibility can boost your chances of finding a home that fits your budget. Work with...

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Remote Work Is Changing How Some Buyers Search for Their Dream Homes The way Americans work has changed in recent years, and remote work is at the forefront of this shift.

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Affordability is a top priority for many buyers, especially with today’s mortgage rates and rising home prices. If you work remotely either full or part-time, broadening your search to include other nearby areas could be the key to finding your dream home within your budget. DM me today to explore all your options.

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Are More Homes Coming onto the Market?

An important factor shaping today’s market is the number of homes for sale. And, if you’re considering whether or not to list your house, that’s one of the biggest advantages you have right now. When housing inventory is this low, your house will stand out, especially if it’s priced right.

But there are some early signs that more listings are coming. According to the latest data, new listings are trending up. Here’s a look at why this is noteworthy and what it may mean for you.

More Homes Are Coming onto the Market than Usual

It’s well known that the busiest time in the housing market each year is the spring buying season. That’s why there’s a predictable increase in the volume of newly listed homes throughout the first half of the year.

But here’s what’s surprising. Based on the latest data from Realtor.com, there’s an increase in the number of sellers listing...

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Are More Homes Coming onto the Market? An important factor shaping today’s market is the number of homes for sale.

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What Experts Project for Home Prices Over the Next 5 Years

If you're planning to buy a home, one thing to consider is what experts project home prices will do in the future and how that might affect your investment. While you may have seen negative news over the past year about home prices, they’re doing far better than expected and are rising across the country. And data shows, experts forecast home prices will keep appreciating.

Experts Project Ongoing Appreciation

Pulsenomics polled over 100 economists, investment strategists, and housing market analysts in the latest quarterly Home Price Expectation Survey (HPES). The results show what the panelists project will happen with home prices over the next five years.

If you’re someone who was worried home prices would fall because of stories you’ve read online, here's the big takeaway. Even though home prices vary by local market, experts project prices...

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What Experts Project for Home Prices Over the Next 5 Years If you're planning to buy a home, one thing to consider is what experts project home prices will do in the future and how that might affect your investment.

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Why Is Housing Inventory So Low?

One question that’s top of mind if you’re thinking about making a move today is: Why is it so hard to find a house to buy?

There aren’t enough homes available for sale, but that shortage isn’t just a today problem. It’s been a challenge for years. Let’s take a look at some of the long-term and short-term factors that have contributed to this limited supply.

Underbuilding Is a Long-Standing Problem

One of the big reasons inventory is low is because builders haven’t been building enough homes in recent years.

And while new home construction is back on track and meeting the historical average right now, the long-term inventory problem isn’t going to be solved overnight.

Today’s Mortgage Rates Create a Lock-In Effect

There are also a few factors at play in today’s market adding to the inventory challenge. The first is the mortgage rate lock-in effect. Basically, some...

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Why Is Housing Inventory So Low? One question that’s top of mind if you’re thinking about making a move today is: Why is it so hard to find a house to buy?

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Plenty of Buyers Are Still Active Today [INFOGRAPHIC]

Holding off on selling your house because you believe there aren’t any buyers out there? Data shows buyers are still active, even with higher mortgage rates. This goes to show, people still want to buy homes, and those who can are moving now. Don’t delay your plan to sell for fear no one is buying. The opposite is true and buyer traffic is still strong today. Let’s connect to get your house in front of these buyers.

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Plenty of Buyers Are Still Active Today [INFOGRAPHIC] Holding off on selling your house because you believe there aren’t any buyers out there?

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If you’ve recently retired, you may be trying to decide what you want to do after you sell your current house. You're likely wondering whether to buy your next home or opt for a rental. Here’s what you should know. Buying comes with significant advantages that renting just can't match. DM me so we can chat about finding a home that better fits your changing needs.

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According to a recent survey, 100 economists, investment strategists, and housing market analysts project home prices will appreciate every year for the next five years. That means if your goal is to become a homeowner, you could considerably grow your net worth if home prices appreciate like expected. Interested in learning more? DM me today.

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Should Baby Boomers Buy or Rent After Selling Their Houses?

Are you a baby boomer who’s lived in your current house for a long time and you’re ready for a change? If you’re thinking about selling your house, you have a lot to consider. Will you move to a different state or stay nearby? Is it time to downsize or do you want more space to accommodate your loved ones? But maybe the biggest consideration boils down to this – will you buy your next home or choose to rent instead?

That decision ultimately depends on your current situation and your future plans. Here are two important factors to help you decide what’s right for you.

Expect Rents to Keep Going Up

Rents have been going up consistently over the long run. If you choose to rent, there’s a risk your rental payment will go up each time you renew your lease. Having a higher rental expense may not be something you want to deal with every year...

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Should Baby Boomers Buy or Rent After Selling Their Houses? Are you a baby boomer who’s lived in your current house for a long time and you’re ready for a change?

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Haven’t found your dream home yet? It may be because there’s a limited supply of homes up for sale. But, here’s something that could help. Adding newly built homes to your search opens up a world of exciting options. Interested in exploring what our area's homebuilders have in store? DM me today so you have a trusted agent at your side.

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Planning to Retire? Your Equity Can Help You Make a Move

Reaching retirement is a significant milestone in life, bringing with it a lot of change and new opportunities. As the door to this exciting chapter opens, one thing you may be considering is selling your house and finding a home better suited for your evolving needs.

Fortunately, you may be in a better position to make a move than you realize. Here are a few reasons why.

Consider How Long You’ve Been in Your Home

From 1985 to 2009, the average length of time homeowners stayed in their homes was roughly six years. But according to the National Association of Realtors (NAR), that number is higher today. Since 2010, the average home tenure is just over nine years.

This means many homeowners have been living in their houses even longer in recent years. When you live in a home for such a significant amount of time, it’s natural for you to experience...

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Planning to Retire? Your Equity Can Help You Make a Move Reaching retirement is a significant milestone in life, bringing with it a lot of change and new opportunities.

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Expert Home Price Forecasts Revised Up for 2023

Toward the end of last year, there were a number of headlines saying home prices were going to fall substantially in 2023. That led to a lot of fear and questions about whether there was going to be a repeat of the housing crash that happened back in 2008. But the headlines got it wrong.

While there was a slight home price correction after the sky-high price appreciation during the ‘unicorn’ years, nationally, home prices didn’t come crashing down. If anything, prices were a lot more resilient than many people expected.

Expert Home Price Forecasts: Then and Now

There are a number of reasons why home prices are so resilient to falling. As Odeta Kushi, Deputy Chief Economist at First American, says: “One thing is for sure, having long-term, fixed-rate debt in the U.S. protects homeowners from payment shock, acts as an inflation hedge - your primary...

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Expert Home Price Forecasts Revised Up for 2023 Toward the end of last year, there were a number of headlines saying home prices were going to fall substantially in 2023.

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Why It’s Still a Seller’s Market Today

Even though activity in the housing market has slowed from the frenzy that was the ‘unicorn’ years, it’s still a seller’s market because the supply of homes for sale is so low. But what does that really mean for you? And why are conditions today so good if you want to sell your house?

The latest Existing Home Sales Report from the National Association of Realtors (NAR) shows housing supply is still astonishingly low. Housing inventory is measured by the number of available homes on the market. It’s also measured by months’ supply, meaning the number of months it would take to sell all those available homes based on current demand. In a balanced market, there’s usually about a six-month supply. Today, we have only about 3 months’ supply of homes at the current sales pace

As Lawrence Yun, Chief Economist for NAR, says: “There are simply not enough homes for sale...

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Why It’s Still a Seller’s Market Today Even though activity in the housing market has slowed from the frenzy that was the ‘unicorn’ years, it’s still a seller’s market because the supply of homes for sale is so low. 

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Home Price Forecasts Revised for 2023 [INFOGRAPHIC]

Last year, some housing experts projected a decline in home prices by the end of 2023. But that didn’t happen – inventory was just too low. While it’s normal for experts to re-forecast throughout the year, the good news for 2023 is that prices are no longer projected to decrease. Let’s connect so you know what’s happening with home values in our local area.

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Home Price Forecasts Revised for 2023 [INFOGRAPHIC] Last year, some housing experts projected a decline in home prices by the end of 2023. But that didn’t happen – inventory was just too low. 

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Are headlines about the housing market leaving you with more questions than answers? That can make it tough when you’re trying to decide if you’re ready to buy or sell a home. For a clearer picture of today’s housing market, DM me for digital copies of these guides. They’re designed to make sure you have the information you need to make a confident decision.

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Get Ready for Smaller, More Affordable Homes

Have you been trying to buy a home, but higher mortgage rates and home prices are limiting your options? If so, here’s some good news, smaller, more affordable homes are on the way.

In some ways, smaller homes are already here. When the pandemic hit, the meaning of home changed. People needed the space their home provided not only as a place to live, but as a place to work, go to school, exercise, and more. Those who had that space were more likely to keep it. And those that didn’t were in a position where they were trying to sell their smaller house to move up to a larger one. That meant the homes coming to the market during the pandemic were smaller than those on the market before the pandemic – and that trend continues today.

Larger homes tend to come on the market during the summer months when households with children who are out of school are looking to...

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Get Ready for Smaller, More Affordable Homes Have you been trying to buy a home, but higher mortgage rates and home prices are limiting your options?

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Mortgage Rates: Past, Present, and Possible Future

If you’re hoping to buy a home this year, you’re probably paying close attention to mortgage rates. Since mortgage rates impact what you can afford when you take out a home loan – and affordability is a challenge today – it’s a good time to look at the big picture of where mortgage rates have been historically compared to where they are now.

Giving Context to the Sticker Shock

Mortgage rates have increased significantly since the start of last year. But even with that rise, today’s rates are still below the 52-year average.

That’s important because it explains why the recent jump in rates might have you feeling sticker shock even though they’re close to their long-term average. While many buyers have adjusted to the elevated rates over the past year, a slightly lower rate would be a welcome sight. To determine if that’s a realistic possibility, it’s...

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Mortgage Rates: Past, Present, and Possible Future If you’re hoping to buy a home this year, you’re probably paying close attention to mortgage rates.

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Supply and demand are two key factors that impact home prices. And right now, we have a limited supply of homes for sale and a lot of active buyers. That’s why home prices are back on the rise nationally. If you want to know what’s happening with home prices in our area, DM me today.

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Are you a seller who’s worried there aren’t any buyers out there? Data says it's just the opposite. The latest ShowingTime Showing Index (a measure of buyers touring homes) shows buyers are still more active than they were during the normal years in the housing market. Let's chat about how to get your home on the market and in front of these eager buyers.

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The strong job market and rising wages are helping to offset today’s higher mortgage rates and home prices for some buyers. That's good news for you because it helps put those buyers in a better financial position to pursue their dream of homeownership today. This is just one reason buyers are still so active today. If you want to sell while buyer demand is strong, let's connect.

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If you’ve been debating whether or not to sell, here’s some information that may help you make a decision. The number of homes for sale is half of what we’d see in more normal years. That means today’s buyers are craving more options and your house may be just what they’re looking for. When you’re ready to sell, let’s connect to get the process started.

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Homeowners Have a Lot of Equity Right Now [INFOGRAPHIC]

Your equity grows as you pay down your home loan and as home prices increase. With home prices rising again, your equity is getting an extra boost. Almost half of homeowners are equity rich because they have at least 50% equity in their homes. If you’ve been in your home for a while, you might have gained a considerable amount of equity, too. Want to find out how much equity you have? DM me for a Professional Equity Assessment Report (PEAR).

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Homeowners Have a Lot of Equity Right Now [INFOGRAPHIC] Your equity grows as you pay down your home loan and as home prices increase. With home prices rising again, your equity is getting an extra boost.

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There’s a lot of negative headlines out there and they could leave you feeling a bit unsure about what’s actually happening in the housing market. Having the reliable expertise of a local real estate agent makes all the difference. Let's connect to make sure you have someone by your side who can help you figure out what’s true and what’s not and answer your burning questions.

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Why You May Still Want To Sell Your House After All

Even though you may feel reluctant to sell your house because you don’t want to take on a mortgage rate that’s higher than the one you have now, there’s more to consider. While the financial side of things does matter, your personal needs may actually matter just as much.

So, ask yourself this: why did I want to move in the first place?

Chances are your primary motivation wasn’t just financial in nature. Why you’re really thinking about selling likely has more to do with something changing in your life or a shift in what you need out of your house.

Reasons Homeowners Still Need To Sell Today

Let’s explore some of the most common reasons sellers are moving today. A recent article from Builder Online helps shed light on this. In this research, they identified the following categories:
• Marriage
• Divorce
• Births
• Deaths
• Retirement

You may...

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Why You May Still Want To Sell Your House After All Even though you may feel reluctant to sell your house because you don’t want to take on a mortgage rate that’s higher than the one you have now, there’s more to consider.