There are some people who have not purchased homes because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent-free, you are paying a mortgage - either yours or your landlord’s.

As Entrepreneur Magazine, a premier source for small business, explained this month in their article, “12 Practical Steps to Getting Rich”:

We know how frustrating this market is for all of the buyers we are currently working with.  It can be very tempting to throw in the towel to wait for a "better market".  Our buyers will hear us say over and over again, "Remain Patient and once you are aware of all available homes within your price point and criteria, watch closely for the new listings that appear in your email alerts.  It's important to have financing with your approval letter in hand and be ready to act confidentally and well informed when the right house is one you would like to call "Home"

It's a tug of war game for buyers looking to buy a home when there just are not enough to choose from.  It's the worst shortage of homes for sale in my entire career of real estate, nearly 30 years of being in the business.  The National Association of Realtors confirms this is the worst housing drought since they began keeping statistics 18 years ago.

Go Blue tonight and Go Wolves tomorrow!  Basketball Rules this Month but about Real Estate? The Ball is in your Court Sellers!  Supply and Demand will surely impact our 2017 Housing Market.  This market update will help both buyers and sellers know what they are up against going into the Spring Market  
 

Mortgage interest rates have risen over the last few months and projections are that they will continue their upswing throughout 2017. What impact will this have on the housing market? Here is what the experts are saying:

Every homeowner wants to make sure they get the best price when selling their home. But how do you guarantee that you receive maximum value for your house? There are two keys to ensuring you get the highest price possible.

A study by Edelman Berland reveals that 33% of homeowners who are contemplating selling their houses in the near future are planning to scale down. Let’s look at a few reasons why this might make sense for many homeowners, as the majority of the country is currently experiencing a seller’s market.

 Just like our clocks this weekend in the majority of the country, the housing market will soon “spring forward!” Similar to tension in a spring, the lack of inventory available for sale in the market right now is what is holding back the market.

Many potential sellers believe that waiting until Spring is in their best interest, and traditionally they would have been right.

Recently there has been a lot of talk about home prices and if they are accelerating too quickly. As we mentioned before, in some areas of the country, seller supply (homes for sale) cannot keep up with the number of buyers out looking for a home, which has caused prices to rise.