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Housing Supply | Blog

Tuesday, May 10, 2022   /   by Mikayla Gorman

2022 Housing Market Forecast

Some Highlights
What does the rest of the year hold for the housing 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.
Let’s connect so you can make your best move this year. ...

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  home prices, housing market, real estate, 2022, jason gorman real estate team, keeping current matters, spring market, home equity, home seller, housing inventory, foreclosures, housing supply

Thursday, May 5, 2022   /   by Mikayla Gorman

Three Tips for First-Time Homebuyers

Buying your first home is a major decision and an exciting milestone. Even though it can feel daunting at times, it has the power to change your life for the better. If you’re looking to purchase your first home, you may be wondering what’s happening in the housing market today, how much you need to save, and where to start.

Here are three things that can help give you the information you need to confidently pursue your dream of homeownership.

1. Consider All Options When the Number of Homes for Sale Is Low

Today, there are far more buyers in the market than there are homes available for sale. When that happens, it’s a good idea to do what you can to increase your pool of options. That could mean expanding your search to include additional housing types. For first-time buyers, considering condominiums (condos) and townhomes can be an excellent way to increase your choices. According to Bankrate:


& ...

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  home prices, housing market, real estate, 2022, jason gorman real estate team, keeping current matters, spring market, home equity, housing supply, sellers market, buyers, buying a home, first time home buyer

Tuesday, May 3, 2022   /   by Louetta Larson

How Homeownership Can Help Shield You from Inflation

How Homeownership Can Help Shield You from Inflation


If you’re following along with the news today, you’ve likely heard about rising inflation. You’re also likely feeling the impact in your day-to-day life as prices go up for gas, groceries, and more. These rising consumer costs can put a pinch on your wallet and make you re-evaluate any big purchases you have planned to ensure they’re still worthwhile.
If you’ve been thinking about purchasing a home this year, you’re probably wondering if you should continue down that path or if it makes more sense to wait. While the answer depends on your situation, here’s how homeownership can help you combat the rising costs that come with inflation.
Homeownership Offers Stability and Security
Investopedia explains that during a period of high inflation, prices rise across the board. That’s true for things like food, entertainment, and other goods and services, ev ...

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  home prices, housing market, real estate, jason gorman real estate team, spring market, home equity, housing inventory, foreclosures, mortgage rates, housing supply, sellers market, buyers, buying a home, first time home buyer, inflation

Thursday, April 21, 2022   /   by Mikayla Gorman

Myths About Today’s Housing Market

Some Highlights


If you’re planning to buy or sell a home today, it’s important to be aware of common misconceptions.



Whether it’s timing your purchase as a buyer based on home prices and mortgage rates or knowing what to upgrade or repair before listing your house as a seller, it takes a professional to guide you through those decisions.



Let’s connect so you have an expert to help separate fact from fiction in today’s housing market. ...

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  2022, home prices, housing market, keeping current matters, real estate, jason gorman real estate team, home equity, home seller, spring market, foreclosures, housing inventory, mortgage rates, housing supply, buyers, sellers market

Monday, April 18, 2022   /   by Mikayla Gorman

Why Pre-Approval Is an Important Step for Today’s Homebuyers

Being intentional and competitive are musts when buying a home this season. That’s why pre-approval is so important today. Pre-approval from a lender is the only way to know your true price range and how much money you can borrow for your loan. Peter Warden, Editor of The Mortgage Reports, explains:

“The lender will check out your personal finances and issue you a letter confirming the amount you’re eligible to borrow. This not only gives you a firm budget for house hunting, but also lets sellers know you’re qualified to make an offer.”

Why does that matter so much today? There are many more buyers looking for homes today than there are homes available for sale, and that’s creating some serious competition. According to the National Association of Realtors (NAR), the average home is getting 4.8 offers per sale. As a result, bidding wars are still common.
Your pre-a ...

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  2022, home prices, housing market, keeping current matters, real estate, jason gorman real estate team, home equity, home seller, spring market, foreclosures, housing inventory, mortgage rates, housing supply, buyers, sellers market