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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 28, 2022   /   by Mikayla Gorman

What You Need To Know About Selling in a Sellers’ Market

Even if you haven’t been following real estate news, you’ve likely heard about the current sellers’ market. That’s because there’s a lot of talk about how strong market conditions are for people who want to sell their houses. But if you’re thinking about listing your house, you probably want to know: what does being in a sellers’ market really mean?
What Is a Sellers’ Market?
The latest Existing Home Sales Report from the National Association of Realtors (NAR) shows housing supply is still very low. There’s a 2-month supply of homes at the current sales pace.
Historically, a 6-month supply is necessary for a normal or neutral market where there are enough homes available for active buyers. That puts today deep in sellers’ market territory (see graph below):
What Does This Mean for You When You Sell?
When the supply of houses for sale is as low as it is right now, it&r ...

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

Tuesday, April 26, 2022   /   by Mikayla Gorman

Is It Enough To Offer Asking Price in Today’s Housing Market?

If you’re planning to buy a home this season, you’re probably thinking about what you’ll need to do to get your offer accepted. In previous years, it was common for buyers to try and determine how much less than the asking price they could offer to still get the home. The buyer and seller would then negotiate and typically agree on a revised price that was somewhere between the buyer’s bid and the home’s initial asking price.
In today’s real estate market, buyers shouldn’t shop for a home with the same expectations.
Things Are Different Today
Today’s housing market is anything but normal. According to the National Association of Realtors (NAR), the average home that’s sold today:
Receives 4.8 offers
Sells in just 17 days
Homes selling quickly and receiving multiple offers shows how competitive the housing market is for buyers right now. This is because there are more buyers on ...

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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, sellers market

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