Posts with tag 'real estate market'
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Stress-Free Home Cleaning: 27 Practical Tactics for Busy Households
Stress-Free Home Cleaning: 27 Practical Tactics for Busy Households
Keeping a clean and orderly home is a challenge for many of us. Between busy work schedules, social obligations, and family commitments, it's tough to keep up with daily chores—let alone larger seasonal tasks.
The effort is worthwhile, however. A clean environment can keep you and your family healthier by minimizing your exposure to germs and allergens.1 Plus, researchers have found that organized, uncluttered homes have quantifiable mental health benefits, too, including reduced stress, improved emotional regulation, and increased productivity.2
The reality i...
25
Montague Miller & Co Realtors celebrating 75 years of service
Montague Miller & Company is proud to be
celebrating 75 years of service
in Charlottesville and surrounding communities!
18
The upcoming spring housing market could be a sweet spot for sellers
Summary
- The biggest challenge in the housing market is how few houses there are for sale compared to the number of people who want to buy.
- The number of homes for sale is up from last year but below pre-pandemic numbers, and that means we're still in a sellers' market.
- The housing market needs more homes for sale to meet the demand of today's buyers.
- If you've thought about selling, now's the time to connect with your local Montague Miller real estate professional!
1
2023 Real Estate Market Outlook - And What It Means for You
Last year, one factor drove the real estate market more than any other: rising mortgage rates.
In March 2022, the Federal Reserve began a series of interest rate hikes in an effort to pump the brakes on inflation.1 And while some market sectors have been slow to respond, the housing market has reacted accordingly.
Both demand and price appreciation have tapered, as the primary challenge for homebuyers has shifted from availability to affordability. And although this higher-mortgage rate environment has been a painful adjustment for many buyers and sellers, it should ultimately lead to a more stable and balanced real estate market.
So what can we expect in 2023? Will mortgage rates continue to climb? Could home prices come crashing down? While this is one of the more challenging real estate periods to forecast, here's what several industry experts predict will happen to the U....
30
Some Types of Homes May Cost Less Per Month Than Renting
According to Redfin, a national real estate brokerage, there's a pretty good chance you can find a condo or co-op that'll cost you less to own per month than it would to rent one!
Landlords have every right to get as much for their rental as possible. If there are renters who are ready, willing, and able to pay them what they're getting per month, then the market has spoken, and that is ultimately what defines and creates the market value.
The good news is, you might be able to buy your own home and pay less per month than you do in rent!