Montague Miller Blog
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- 2024 | 5 Posts
- 2023 | 37 Posts
- 2022 | 43 Posts
- 2021 | 31 Posts
- 2020 | 29 Posts
- 2019 | 17 Posts
- 2018 | 22 Posts
- 2017 | 14 Posts
- 2016 | 23 Posts
- 2015 | 12 Posts
- 2014 | 2 Posts
1
Higher Rates & Short Supply: The State of Real Estate in 2022
The last two years caught many of us off guard—and not just because of the pandemic. They also ushered in the hottest housing market on record, with home prices rising nationally by nearly 19% in 2021, driven primarily by low mortgage rates and a major supply shortage.1
But while some had hoped 2022 would bring a return to normalcy, the U.S. real estate market continues to boom, despite rising interest rates and decreasing affordability.
So what's driving this persistent demand? And is there an end in sight?
Here are three factors impacting the real estate market right now. Find out how they could affect you if you're a current homeowner or plan to buy or sell a home this year.
MORTGAGE RATES ARE RISING F...
23
What Does the 2022 Housing Market Forecast Mean for You
Some Highlights
What does the rest of the year hold for the Houseing Market? Here's what experts have to say about what lies ahead.
Home Prices are projected to rise and so are mortgage rates. Experts are also forecasting another strong year for home sales as people move to meet their changing needs.
Connect with a Montague Miller & Co local real estate professional so you can make your best move this year.
Resources: Keeping Current Matters, CoreLogic, Freddie Mac, Fannie Mae, NAR, Calculated R...
1
5 Ways to Write a Winning Offer in Today's Real Estate Market
Our nation is in the midst of a serious housing crunch. Last year, a lack of inventory and soaring prices left many would-be homebuyers feeling pinched. But now, with interest rates climbing, many of them are also feeling desperate to lock in a mortgage—which has only added fuel to the fire.1
Fortunately, if you're a buyer struggling to find a home, we have some good news. While it's true that higher mortgage rates can decrease your purchasing budget, there are additional ways to compete in a hot market.
Yes, a high offer price gets attention. But most sellers consider a variety of factors when evaluating an offer. With that in mind, here are five tactics you can utilize to sweeten your proposal and outshine your competition.
We can help you weigh the risks and benefits of each tactic and craft a compelling offer designed to get you your dream home—without giving away the farm.
27
First-Time Home Buyers Guide: Buying With A New Job
Sometimes it takes a new job to give you that income boost you need to buy your first home, but a new job can actually complicate the mortgage approval process.
Here are some things you should know:
- Don't start the home buying process and then start a new job in the middle of it. Get the new job first plus a few months (and pay stubs) under your belt and then start your home search.
- A new job with a higher income is a good thing for a lot of reasons, but it doesn't mean you automatically will qualify for a mortgage. New jobs come with risks, especially if you're changing fields and starting something completely new. Customarily, most mortgage companies want two years of income...
26
5 Tips for Newlyweds Buying Their First Home
After the "I Dos" are said and thank you notes are written, what comes next? Buying your first home, of course! Since it is one of the biggest purchases you and your spouse will make, the more you talk about and plan for buying your home, the happier you'll be when crossing that threshold.
Consider these five tips for newlywed couples buying their first home.
- Assess Your Financial Situation
Before you even start shopping for a home, it makes sense to first look into your financial situation. Co-mingling may be something new to you but you'll have to sit down with your spouse and make an assessment of your savings and debts. This will help you create a budget and an understanding of how much house you can afford. - Agree on...