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Source: http://www.simplifyingthemarket.com/en/feed/

<?xml version="1.0" encoding="UTF-8"?><rss version="2.0" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:dc="http://purl.org/dc/elements/1.1/">
<channel>
<title>Simplifying the Market</title>
<link>https://www.simplifyingthemarket.com/</link>
<description><![CDATA[Latest content]]></description>
<item>
<title>Should I Rent or Buy a Home? [INFOGRAPHIC]</title>
<link>https://www.simplifyingthemarket.com/en/2024/05/17/should-i-rent-or-buy-a-home-infographic</link>
<description><![CDATA[<img width="" src="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20240513/Should-I-Rent-or-Buy-a-Home-KCM-Share.png" alt="Should I Rent or Buy a Home? [INFOGRAPHIC] Simplifying The Market" loading="lazy" style="display: block; margin-bottom: 5px; clear: both; max-width: 100%;" />While renting may be less expensive in some areas right now, there are two big benefits homeownership provides that renting can’t. ]]></description>
<content:encoded><![CDATA[<img width="" src="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20240513/Should-I-Rent-or-Buy-a-Home-KCM-Share.png" alt="Should I Rent or Buy a Home? [INFOGRAPHIC] Simplifying The Market" loading="lazy" style="display: block; margin-bottom: 5px; clear: both; max-width: 100%;" /><a href="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20240513/Should-I-Rent-or-Buy-a-Home-MEM.jpg" rel="noopener noreferrer" target="_blank"><img src="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20240513/Should-I-Rent-or-Buy-a-Home-MEM.jpg" alt="No Caption Received"></a><h3>Some Highlights</h3><ul><li>While <a href="/2024/05/01/the-perks-of-buying-over-renting/" rel="noopener noreferrer" target="_blank">renting</a> may be less expensive in some areas right now, there are two big benefits <a href="/2024/04/17/is-it-better-to-rent-than-buy-a-home-right-now-1/" rel="noopener noreferrer" target="_blank">homeownership</a> provides that renting can’t. </li><li>Owning a home means you get to say goodbye to <a href="https://ipropertymanagement.com/research/average-rent-by-year" rel="noopener noreferrer" target="_blank">rising rents</a> and hello to <a href="https://eyeonhousing.org/2024/02/homeownership-is-key-to-household-wealth-2/" rel="noopener noreferrer" target="_blank">stability</a>. It also gives you the chance to gain equity as <a href="https://fred.stlouisfed.org/series/ASPUS" rel="noopener noreferrer" target="_blank">home values</a> rise over time. </li><li>If you’re ready to learn more about the perks of owning a home, connect with a local real estate agent.</li></ul>]]></content:encoded>
<category>For Buyers</category>
<category>Infographics</category>
<category>Rent vs. Buy</category>
<pubDate>Fri, 17 May 2024 10:30:00 +0000</pubDate>
<dc:creator><![CDATA[KCM Crew]]></dc:creator>
</item>
<item>
<title>The Number of Homes for Sale Is Increasing</title>
<link>https://www.simplifyingthemarket.com/en/2024/05/16/the-number-of-homes-for-sale-is-increasing</link>
<description><![CDATA[<img width="" src="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20240515/20240516-The-Number-of-Homes-for-Sale-Is-Increasing.png" alt="The Number of Homes for Sale Is Increasing Simplifying The Market" loading="lazy" style="display: block; margin-bottom: 5px; clear: both; max-width: 100%;" />There’s no denying the last couple of years have been tough for anyone trying to buy a home because there haven’t been enough houses to go around.]]></description>
<content:encoded><![CDATA[<img width="" src="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20240515/20240516-The-Number-of-Homes-for-Sale-Is-Increasing.png" alt="The Number of Homes for Sale Is Increasing Simplifying The Market" loading="lazy" style="display: block; margin-bottom: 5px; clear: both; max-width: 100%;" />There’s no denying the last couple of years have been tough for anyone trying to <a href="https://www.simplifyingthemarket.com/2024/05/07/tips-for-younger-homebuyers-how-to-make-your-dream-a-reality/" rel="noopener noreferrer" target="_blank">buy a home</a> because there haven’t been enough houses to go around. But things are starting to look up.There are more homes up for grabs this year. The graph below uses the latest <a href="https://www.realtor.com/research/data/" rel="noopener noreferrer" target="_blank">data</a> from Realtor.com to show in April 2024 there were more homes for sale than there were over the last few years (2021-2023):<a href="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20240515/20240516-Existing-Homes-Available-for-Sale.png" rel="noopener noreferrer" target="_blank"><img src="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20240515/20240516-Existing-Homes-Available-for-Sale.png" alt="No Caption Received"></a> As Realtor.com <a href="https://www.realtor.com/research/april-2024-data/" rel="noopener noreferrer" target="_blank">explains</a>:<blockquote>“There were 30.4% more homes actively for sale on a typical day in April compared with the same time in 2023, marking the sixth consecutive month of annual inventory growth.”</blockquote>But does this growing inventory make house hunting easier? Yes and no.Using the latest weekly <a href="https://www.calculatedriskblog.com/2024/05/housing-may-13th-weekly-update.html" rel="noopener noreferrer" target="_blank">data</a> from Calculated Risk, the graph below shows, that even with the growth lately, there are still way fewer homes for sale than there were in the last normal year in the housing market:<a href="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20240515/20240516-Inventory-Is-Rising-But-It-s-Still-Low.png" rel="noopener noreferrer" target="_blank"><img src="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20240515/20240516-Inventory-Is-Rising-But-It-s-Still-Low.png" alt="No Caption Received"></a> <h4>What Does This Mean for You?</h4>If you’ve been looking to buy but put your plans on hold because you just couldn’t find what you were searching for, you might see more options now than you did over the past few years – but don't expect a huge selection.To check out your <a href="https://www.simplifyingthemarket.com/2024/04/25/is-a-multi-generational-home-right-for-you/" rel="noopener noreferrer" target="_blank">growing options</a>, it's a good idea to work with a local real estate agent you trust. Real estate is all about location. And an agent can help you get the scoop on the homes available in the area you're interested in. Bankrate explains:<blockquote>“In today’s homebuying market, it’s more important than ever to find a real estate agent who really knows your local area — down to your specific neighborhood — and can help you successfully navigate its unique quirks.”</blockquote><h3>Bottom Line</h3>Team up with a local real estate agent who can keep you in the loop on everything that might impact <a href="/2024/04/17/is-it-better-to-rent-than-buy-a-home-right-now-1/" rel="noopener noreferrer" target="_blank">your move</a>, like how many homes are up for sale right now.]]></content:encoded>
<category>For Buyers</category>
<category>Inventory</category>
<pubDate>Thu, 16 May 2024 10:30:00 +0000</pubDate>
<dc:creator><![CDATA[KCM Crew]]></dc:creator>
</item>
<item>
<title>Why a Condo May Be a Great Option for Your First Home</title>
<link>https://www.simplifyingthemarket.com/en/2024/05/15/why-a-condo-may-be-a-great-option-for-your-first-home</link>
<description><![CDATA[<img width="" src="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20240513/20240515-Why-a-Condo-May-Be-a-Great-Option-for-Your-First-Home.png" alt="Why a Condo May Be a Great Option for Your First Home Simplifying The Market" loading="lazy" style="display: block; margin-bottom: 5px; clear: both; max-width: 100%;" />Having a hard time finding a first home that's right for you and your wallet?]]></description>
<content:encoded><![CDATA[<img width="" src="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20240513/20240515-Why-a-Condo-May-Be-a-Great-Option-for-Your-First-Home.png" alt="Why a Condo May Be a Great Option for Your First Home Simplifying The Market" loading="lazy" style="display: block; margin-bottom: 5px; clear: both; max-width: 100%;" />Having a <a href="https://www.simplifyingthemarket.com/2024/05/07/tips-for-younger-homebuyers-how-to-make-your-dream-a-reality/" rel="noopener noreferrer" target="_blank">hard time</a> finding a first home that's right for you and your wallet? Well, here's a tip – think about condominiums, or condos for short.They're usually smaller than single-family homes, but that's exactly why they can be easier on your budget. According to the latest <a href="https://www.nar.realtor/newsroom/existing-home-sales-descended-4-3-in-march#:~:text=Single%2Dfamily%20and%20Condo%2FCo%2Dop%20Sales&text=The%20median%20existing%20single%2Dfamily,year%20ago%20(440%2C000%20units)." rel="noopener noreferrer" target="_blank">data</a> from the National Association of Realtors (NAR), condos are typically <a href="https://www.simplifyingthemarket.com/2024/04/22/what-you-really-need-to-know-about-home-prices-1/" rel="noopener noreferrer" target="_blank">less expensive</a> than single-family homes (see graph below):<a href="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20240513/20240515-Price-of-Condos-vs-Single-Family-Homes.png" rel="noopener noreferrer" target="_blank"><img src="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20240513/20240515-Price-of-Condos-vs-Single-Family-Homes.png" alt="No Caption Received"></a> So, if you're comfortable with a smaller space and want <a href="https://www.simplifyingthemarket.com/2024/05/01/the-perks-of-buying-over-renting/" rel="noopener noreferrer" target="_blank">to buy</a> your first home this year, adding condos to your search might be easier on your wallet.Besides giving you more options for your home search and maybe fitting <a href="https://www.simplifyingthemarket.com/2024/04/18/is-it-getting-more-affordable-to-buy-a-home/" rel="noopener noreferrer" target="_blank">your budget</a> better, living in a condo has a bunch of other perks, too. <a href="https://www.rocketmortgage.com/learn/what-is-a-condo" rel="noopener noreferrer" target="_blank" style="color: windowtext;">According</a> to Rocket Mortgage:<blockquote>“From community living to walkable urban areas, condos are great options for first-time home buyers and people looking to enjoy homeownership without extensive upkeep.”</blockquote>Let’s dive into a few of the draws of condos for <a href="https://www.simplifyingthemarket.com/2024/04/08/dont-let-your-student-loans-delay-your-homeownership-plans/" rel="noopener noreferrer" target="_blank">first-time buyers</a> from Bankrate:<ul><li>They require less maintenance. Condos are great if you want to own your place but don't want to mow the lawn, shovel snow, or fix the roof. Your real estate agent can help explain any associated fees and details for the condos you’re interested in.</li><li>They allow you to start building equity. When you buy a condo, you build <a href="https://www.simplifyingthemarket.com/2024/04/26/equity-can-make-your-move-possible-when-affordability-is-tight-infographic/" rel="noopener noreferrer" target="_blank">equity</a> and your net worth as you make your mortgage payments and as your condo’s value goes up over time.</li><li>They often come with added amenities. Your condo might come with access to amenities like a pool, dog park, or parking. And the best part? You don’t have to take care of any of them.</li><li>They provide you with a sense of community. Buying a condo means you'll be living close to other people, which is nice if you enjoy having neighbors around and making friends. Many condo communities hold fun events like barbecues and parties during holidays for everyone to enjoy.</li></ul> Remember, your first home doesn't have to be the one you stay in forever. The important thing is to get your foot in the door as a homeowner so you can start to gain home equity. Later on, that equity can help you buy another place if you need something different.Ultimately, owning and living in a condo is a <a href="https://www.simplifyingthemarket.com/2024/04/12/the-perks-of-downsizing-when-you-retire-infographic/" rel="noopener noreferrer" target="_blank">lifestyle choice</a>. And if it’s one that appeals to you, they could provide the added options you need in today’s market.<h3>Bottom Line</h3>It might be a good idea to think about condos in your home search. If you're ready to see what's out there, get in touch with a local real estate agent today.]]></content:encoded>
<category>For Buyers</category>
<category>First-Time Buyers</category>
<category>Buying Tips</category>
<pubDate>Wed, 15 May 2024 10:30:00 +0000</pubDate>
<dc:creator><![CDATA[KCM Crew]]></dc:creator>
</item>
<item>
<title>Thinking of Selling? You Want an Agent with These Skills</title>
<link>https://www.simplifyingthemarket.com/en/2024/05/14/thinking-of-selling-you-want-an-agent-with-these-skills</link>
<description><![CDATA[<img width="" src="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20240508/20240514-Thinking-of-Selling-You-Want-an-Agent-with-These-Skills.png" alt="Thinking of Selling? You Want an Agent with These Skills Simplifying The Market" loading="lazy" style="display: block; margin-bottom: 5px; clear: both; max-width: 100%;" />Selling your house is a big decision.]]></description>
<content:encoded><![CDATA[<img width="" src="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20240508/20240514-Thinking-of-Selling-You-Want-an-Agent-with-These-Skills.png" alt="Thinking of Selling? You Want an Agent with These Skills Simplifying The Market" loading="lazy" style="display: block; margin-bottom: 5px; clear: both; max-width: 100%;" />Selling your house is a big decision. Your home is one of the <a href="https://www.simplifyingthemarket.com/2024/04/26/equity-can-make-your-move-possible-when-affordability-is-tight-infographic/" rel="noopener noreferrer" target="_blank">biggest investments</a> you’ve probably ever made, and it’s a place where you’ve created countless memories. That combo means there’s going to be a lot of emotions involved. You want someone who understands your perspective, knows what it feels like, and is an expert at helping <a href="https://www.simplifyingthemarket.com/2024/04/30/what-more-listings-mean-when-you-sell-your-house/" rel="noopener noreferrer" target="_blank">homeowners</a> just like you navigate <a href="https://www.simplifyingthemarket.com/2024/04/29/nows-a-great-time-to-sell-your-house/" rel="noopener noreferrer" target="_blank">the process</a> of selling a home.That’s where a good listing agent, also known as a seller's agent, comes in. Here are just a few skills you’ll want your agent to have.<h4>The Ability To Turn Something Complex into Something Simple</h4>Some agents are going to use big, fancy real estate terms to try and impress you. But you shouldn’t have to know all the industry jargon in order to understand what they’re saying. If anything, it's an agent’s job to keep it simple, so you don’t get overwhelmed or confused.A great agent is going to be someone who is very good at explaining what’s happening in the housing market in a way that’s easy to understand. But they’ll take it one step further than that. They’ll explain what’s going on and, specifically, what that means for you. That way you’re always in the loop and it's a lot easier to feel confident when you’re making a big decision. As Business Insider explains:<blockquote>“Maybe you have a better rapport with one of the agents you're considering, or you just feel like they're easier to approach. You're going to be working closely with this person, so it's important to choose an agent you're comfortable with.”</blockquote><h4>A Data-Based Approach on How To Price Your House</h4>While it may be tempting to pick the agent who suggests the highest asking price for <a href="https://www.simplifyingthemarket.com/2024/03/14/why-todays-sellers-market-is-good-for-your-bottom-line/" rel="noopener noreferrer" target="_blank">your house</a>, that strategy may cost you. It’s easy to get caught up in the excitement when you see a bigger number, but <a href="https://www.simplifyingthemarket.com/2024/04/02/why-overpricing-your-house-can-cost-you/" rel="noopener noreferrer" target="_blank">overpricing</a> your house can have consequences. It could mean your house will sit on the market longer because the higher price is actually turning away buyers.Instead, partner with an agent who’s going to have an open conversation about how they recommend you should price your house. They won't throw out a number just to win your listing. A great agent will back up their number with <a href="https://www.simplifyingthemarket.com/2024/04/22/what-you-really-need-to-know-about-home-prices-1/" rel="noopener noreferrer" target="_blank">solid data</a>, explain their pricing strategy, and make sure you're both on the same page. As NerdWallet explains:<blockquote>“An agent who recommends the highest price isn't always the best choice. Choose an agent who backs up the recommendation with market knowledge.”</blockquote><h4>A Fair, but Objective Negotiator</h4>The <a href="https://www.simplifyingthemarket.com/2024/03/06/why-access-is-so-important-when-selling-your-house/" rel="noopener noreferrer" target="_blank">home-selling</a> process can be emotional, especially if you’ve been in your house for a long time. But that sentimental tie can make it harder to be objective during negotiations. That’s where a trusted professional can really make a difference.They’re skilled negotiators who know how to stay calm under pressure. You can count on them to handle the back-and-forth and have your best interests at heart throughout the process. Not to mention, they’ll be able to rely on their <a href="https://www.simplifyingthemarket.com/2024/04/19/myths-about-the-2024-housing-market-infographic/" rel="noopener noreferrer" target="_blank">market expertise</a> and what they’re seeing work in other transactions to offer the <a href="https://www.simplifyingthemarket.com/2024/02/28/why-you-want-an-agents-advice-for-your-move/" rel="noopener noreferrer" target="_blank">best advice</a> possible. As Rocket Mortgage explains:<blockquote>“Whether this is your first or third time selling a house, listing agents work to help make the home selling process smoother and less stressful. These real estate professionals know the ins and outs of the industry and can help you secure the best deal.”</blockquote><h3>Bottom Line</h3>Whether you're a first-time seller or you’ve been through this before, a great listing agent is the key to your success. Connect with a real estate professional so you have a skilled local expert by your side to guide you through every step of the process.]]></content:encoded>
<category>For Sellers</category>
<category>Selling Tips</category>
<pubDate>Tue, 14 May 2024 10:30:00 +0000</pubDate>
<dc:creator><![CDATA[KCM Crew]]></dc:creator>
</item>
<item>
<title>Home Prices Are Climbing in These Top Cities</title>
<link>https://www.simplifyingthemarket.com/en/2024/05/13/home-prices-are-climbing-in-these-top-cities</link>
<description><![CDATA[<img width="" src="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20240508/20240513-Header-Image.png" alt="Home Prices Are Climbing in These Top Cities Simplifying The Market" loading="lazy" style="display: block; margin-bottom: 5px; clear: both; max-width: 100%;" />Thinking about buying a home or selling your current one to find a better fit?]]></description>
<content:encoded><![CDATA[<img width="" src="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20240508/20240513-Header-Image.png" alt="Home Prices Are Climbing in These Top Cities Simplifying The Market" loading="lazy" style="display: block; margin-bottom: 5px; clear: both; max-width: 100%;" />Thinking about <a href="https://www.simplifyingthemarket.com/2024/05/01/the-perks-of-buying-over-renting/" rel="noopener noreferrer" target="_blank">buying a home</a> or <a href="https://www.simplifyingthemarket.com/2024/04/30/what-more-listings-mean-when-you-sell-your-house/" rel="noopener noreferrer" target="_blank">selling</a> your current one to find a better fit? If so, you might be <a href="https://www.simplifyingthemarket.com/2024/04/18/is-it-getting-more-affordable-to-buy-a-home/" rel="noopener noreferrer" target="_blank">wondering</a> what's going on with home prices these days. Here's the scoop.The latest national data from <a href="https://www.spglobal.com/spdji/en/indices/indicators/sp-corelogic-case-shiller-us-national-home-price-nsa-index/#news-research" rel="noopener noreferrer" target="_blank">Case-Shiller</a> and the <a href="https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index.aspx" rel="noopener noreferrer" target="_blank">Federal Housing Finance Agency</a> (FHFA) shows they’re going up (see graphs below):<a href="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20240508/20240513-Percent-Change-in-Home-Values.png" rel="noopener noreferrer" target="_blank"><img src="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20240508/20240513-Percent-Change-in-Home-Values.png" alt="No Caption Received"></a> As you can see, home prices were rising for most of 2023. But over the course of December and January, they were <a href="https://www.simplifyingthemarket.com/2024/04/22/what-you-really-need-to-know-about-home-prices-1/" rel="noopener noreferrer" target="_blank">virtually flat</a> – which is pretty normal for that time of year.But here's what you need to know now. As of February, when the spring market kicked off, prices were on the rise again.<h4>Home Prices Are Going Up in Most of America's Top Cities</h4>After seeing a jump in home prices nationally in February, you might be wondering if they’re going up in your area, too. While it depends on where you live, prices are rising in 18 of the top 20 cities Case-Shiller reports on in the <a href="https://www.spglobal.com/spdji/en/documents/index-news-and-announcements/CSHomePrice_Release_0430.pdf" rel="noopener noreferrer" target="_blank">monthly price index</a> (see chart below):<a href="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20240508/20240513-Prices-Are-Rising-In-18-of-the-top-20-cities.png" rel="noopener noreferrer" target="_blank"><img src="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20240508/20240513-Prices-Are-Rising-In-18-of-the-top-20-cities.png" alt="No Caption Received"></a> Most experts also think home prices will keep rising and end the year on a high note. Forbes <a href="https://www.forbes.com/sites/hyunsoorim/2024/04/30/home-prices-soar-to-all-time-high-here-are-the-fastest-growing-cities/?sh=5c1c60856283" rel="noopener noreferrer" target="_blank">explains</a> why:<blockquote>“Even as mortgage rates have reached their highest level since November, persistent demand coupled with limited housing supply are key drivers pushing home values upward.”</blockquote><h4>How This Impacts You</h4><ul><li>For Buyers: If you’re ready, willing, and able to <a href="https://www.simplifyingthemarket.com/2024/04/25/is-a-multi-generational-home-right-for-you/" rel="noopener noreferrer" target="_blank">buy a home</a>, purchasing before prices go up even more might be a smart choice, since home values are expected to <a href="https://www.simplifyingthemarket.com/2024/04/17/is-it-better-to-rent-than-buy-a-home-right-now-1/" rel="noopener noreferrer" target="_blank">keep climbing</a>.</li><li>For Sellers: Prices are going up because there still aren’t enough homes available for sale <a href="https://www.simplifyingthemarket.com/2024/04/29/nows-a-great-time-to-sell-your-house/" rel="noopener noreferrer" target="_blank">right now</a> compared to today’s buyer demand. So, if you work with an agent to price your house right, you might receive multiple offers and sell quickly. </li></ul><h3>Bottom Line</h3>The data shows home prices are increasing nationally. Chat with a local <a href="/2024/04/09/the-top-5-reasons-you-need-a-real-estate-agent-when-buying-a-home/" rel="noopener noreferrer" target="_blank">real estate agent</a> to see exactly what’s going on with prices in your neighborhood.]]></content:encoded>
<category>For Buyers</category>
<category>For Sellers</category>
<category>Home Prices</category>
<pubDate>Mon, 13 May 2024 10:30:00 +0000</pubDate>
<dc:creator><![CDATA[KCM Crew]]></dc:creator>
</item>
<item>
<title>The Sun Is Shining on Sellers This Summer [INFOGRAPHIC]</title>
<link>https://www.simplifyingthemarket.com/en/2024/05/10/the-sun-is-shining-on-sellers-this-summer-infographic</link>
<description><![CDATA[<img width="" src="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20240507/The-Sun-Is-Shining-on-Sellers-KCM-Share.png" alt="The Sun Is Shining on Sellers This Summer [INFOGRAPHIC] Simplifying The Market" loading="lazy" style="display: block; margin-bottom: 5px; clear: both; max-width: 100%;" />If your needs have changed, now’s a great time to sell and get the features you want most.]]></description>
<content:encoded><![CDATA[<img width="" src="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20240507/The-Sun-Is-Shining-on-Sellers-KCM-Share.png" alt="The Sun Is Shining on Sellers This Summer [INFOGRAPHIC] Simplifying The Market" loading="lazy" style="display: block; margin-bottom: 5px; clear: both; max-width: 100%;" /><a href="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20240507/The-Sun-Is-Shining-on-Sellers-MEM.png" rel="noopener noreferrer" target="_blank"><img src="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20240507/The-Sun-Is-Shining-on-Sellers-MEM.png" alt="No Caption Received"></a><h3>Some Highlights</h3><ul><li>If <a href="/2024/05/06/whats-motivating-your-move/" rel="noopener noreferrer" target="_blank">your needs</a> have changed, now’s a great time <a href="/2024/04/26/equity-can-make-your-move-possible-when-affordability-is-tight-infographic/" rel="noopener noreferrer" target="_blank">to sell</a> and get the features you want most.</li><li>Many buyers are eager to move between the school years, so you may see a <a href="https://www.rockethomes.com/blog/home-selling/best-time-to-sell-a-house" rel="noopener noreferrer" target="_blank">faster</a> sale, <a href="/2024/03/14/why-todays-sellers-market-is-good-for-your-bottom-line/" rel="noopener noreferrer" target="_blank">multiple offers</a>, a higher final <a href="/2024/04/02/why-overpricing-your-house-can-cost-you/" rel="noopener noreferrer" target="_blank">sales price</a>, and more.</li><li>If you want to get your house ready for a summer listing, connect with a local real estate professional.</li></ul>]]></content:encoded>
<category>For Sellers</category>
<category>Infographics</category>
<category>Selling Tips</category>
<pubDate>Fri, 10 May 2024 10:30:00 +0000</pubDate>
<dc:creator><![CDATA[KCM Crew]]></dc:creator>
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<item>
<title>The Top 2 Reasons To Consider a Newly Built Home</title>
<link>https://www.simplifyingthemarket.com/en/2024/05/09/the-top-2-reasons-to-consider-a-newly-built-home</link>
<description><![CDATA[<img width="" src="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20240506/20240509-The-Top-2-Reasons-To-Consider-a-Newly-Built-Home.png" alt="The Top 2 Reasons To Consider a Newly Built Home Simplifying The Market" loading="lazy" style="display: block; margin-bottom: 5px; clear: both; max-width: 100%;" />When you’re planning a move, it’s normal to wonder where you’ll end up and what your future home is going to look like.]]></description>
<content:encoded><![CDATA[<img width="" src="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20240506/20240509-The-Top-2-Reasons-To-Consider-a-Newly-Built-Home.png" alt="The Top 2 Reasons To Consider a Newly Built Home Simplifying The Market" loading="lazy" style="display: block; margin-bottom: 5px; clear: both; max-width: 100%;" />When you’re <a href="https://www.simplifyingthemarket.com/2024/03/20/does-it-make-sense-to-buy-a-home-right-now/" rel="noopener noreferrer" target="_blank">planning a move</a>, it’s normal to wonder where you’ll end up and what your future home is going to look like. Maybe you’ve got a specific picture of that house in your mind. But unless you came into this process knowing you want to buy a newly built home, you may not have pictured new home construction.A trusted real estate agent can help walk you through these two reasons you may want to reconsider that.<h4>1. Adding Newly Built Homes Could Give You More Options</h4>There are two types of homes on <a href="https://www.simplifyingthemarket.com/2024/04/19/myths-about-the-2024-housing-market-infographic/" rel="noopener noreferrer" target="_blank">the market</a>: new and existing. A <a href="https://www.simplifyingthemarket.com/2024/04/03/newly-built-homes-could-be-a-game-changer-this-spring/" rel="noopener noreferrer" target="_blank">newly built home</a> refers to a house that was just built or is under construction. An existing home is one a previous homeowner has already lived in. Right now, the <a href="https://www.simplifyingthemarket.com/2024/03/28/is-it-easier-to-find-a-home-to-buy-now/" rel="noopener noreferrer" target="_blank">inventory</a> of existing homes is tight. But there may be options for you on the new home side of things.Data from the <a href="https://www.census.gov/housing/hvs/data/histtabs.html" rel="noopener noreferrer" target="_blank">Census</a> and the <a href="https://www.nar.realtor/research-and-statistics/housing-statistics/existing-home-sales" rel="noopener noreferrer" target="_blank">National Association of Realtors</a> (NAR) shows that newly built homes are a bigger part of today’s housing inventory than the norm (see graph below):<a href="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20240506/20240509-There-Are-More-Newly-Built-Homes-To-Choose-From-Right-Now.png" rel="noopener noreferrer" target="_blank"><img src="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20240506/20240509-There-Are-More-Newly-Built-Homes-To-Choose-From-Right-Now.png" alt="No Caption Received"></a> From 1983 to 2019 (the last normal year in the market), newly built homes made up only 13% of the total inventory of homes for sale. But today that number has climbed to over 33%.Rest assured, after over a decade of <a href="https://www.simplifyingthemarket.com/2023/09/27/why-todays-housing-inventory-shows-a-crash-isnt-on-the-horizon/" rel="noopener noreferrer" target="_blank">underbuilding</a>, builders aren’t overdoing it today. Even with an increase in new construction today, there’s still a significant <a href="https://www.simplifyingthemarket.com/2024/02/29/why-we-arent-headed-for-a-housing-crash/" rel="noopener noreferrer" target="_blank">housing shortage</a> overall. But for you, the uptick in new builds can be a game changer because it gives you more options for your search.<h4>2. Newly Built Homes May Be More Affordable Than You’d Think</h4>You may still be wondering if a new build could really be an option for you. If you’ve previously written them off because you thought they would be out of your budget, consider this. The price gap between a newly built home and an existing house is shrinking. Here's why.Builders are going <a href="https://www.simplifyingthemarket.com/2024/05/03/builders-are-building-smaller-homes-infographic-1/" rel="noopener noreferrer" target="_blank">to build</a> what’s in demand. And they know people need more options right now, especially ones that are smaller and potentially <a href="https://www.simplifyingthemarket.com/2024/04/18/is-it-getting-more-affordable-to-buy-a-home/" rel="noopener noreferrer" target="_blank">more affordable</a>. So, they’re focusing on building <a href="https://www.simplifyingthemarket.com/2024/04/11/builders-are-building-smaller-homes/" rel="noopener noreferrer" target="_blank">smaller homes</a> at lower price points. The <a href="https://fred.stlouisfed.org/series/MSPNHSUS" rel="noopener noreferrer" target="_blank">graph</a> below shows the <a href="https://fred.stlouisfed.org/series/HSFMEDUSM052N" rel="noopener noreferrer" target="_blank">price difference</a> between new and existing homes is shrinking as that happens: <a href="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20240506/20240509-The-Price-Gap-Between-New-and-Existing-Homes-Is-Shrinking.png" rel="noopener noreferrer" target="_blank"><img src="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20240506/20240509-The-Price-Gap-Between-New-and-Existing-Homes-Is-Shrinking.png" alt="No Caption Received"></a> As LendingTree explains:<blockquote>“In the past, newly built homes have been much more expensive than existing homes — but that gap has been getting smaller recently. In some places today, you may find that the cost to build versus buy is roughly the same.”</blockquote>And an article from CNBC <a href="https://www.cnbc.com/2024/04/26/heres-why-new-home-sales-inch-higher-despite-7percent-mortgage-rates.html" rel="noopener noreferrer" target="_blank">says</a>:<blockquote>“While new builds are still sold for slightly more than existing homes, the price gap has significantly narrowed . . .”</blockquote>Not to mention, some builders are even offering price cuts and mortgage rate buy-downs right now to sweeten the deal. Today there are many reasons new builds may be worth considering. Other buyers sure seem to think so. As Freddie Mac <a href="https://www.freddiemac.com/research/forecast/20240418-economic-growth-moderated-labor-market-robust" rel="noopener noreferrer" target="_blank">says</a>:<blockquote>"As the supply of existing homes for sale remains low and home prices continue to rise, more buyers are choosing to purchase new homes than in previous years."</blockquote>Just know that buying a <a href="https://www.simplifyingthemarket.com/2024/02/05/why-having-your-own-agent-matters-when-buying-a-new-construction-home/" rel="noopener noreferrer" target="_blank">newly built home</a> isn’t the same as buying an existing one. Builder contracts have different fine print. So, partner with a <a href="https://www.simplifyingthemarket.com/2024/04/09/the-top-5-reasons-you-need-a-real-estate-agent-when-buying-a-home/" rel="noopener noreferrer" target="_blank">local agent</a> who knows the market, builder reputations, and what to look for in those contracts so you have an expert on your side to help you explore this option.<h3>Bottom Line</h3>If you want to find out what builders are doing in your area, connect with a <a href="/2024/04/05/top-5-reasons-to-hire-an-agent-when-buying-a-home-infographic/" rel="noopener noreferrer" target="_blank">real estate agent</a>. And if you’re willing to cast a wider net to open up your options even more, that agent can talk to you about broadening your search to include other towns nearby.]]></content:encoded>
<category>For Buyers</category>
<category>First-Time Buyers</category>
<category>New Construction</category>
<category>Inventory</category>
<category>Buying Tips</category>
<pubDate>Thu, 09 May 2024 10:30:00 +0000</pubDate>
<dc:creator><![CDATA[KCM Crew]]></dc:creator>
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<title>How Buying or Selling a Home Benefits Your Community</title>
<link>https://www.simplifyingthemarket.com/en/2024/05/08/how-buying-or-selling-a-home-benefits-your-community</link>
<description><![CDATA[<img width="" src="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20240507/20240508-How-Buying-or-Selling-a-Home-Benefits-Your-Community.png" alt="How Buying or Selling a Home Benefits Your Community Simplifying The Market" loading="lazy" style="display: block; margin-bottom: 5px; clear: both; max-width: 100%;" />If you're thinking of buying or selling a house, it's important to know it doesn't just impact you—it helps out the local economy and your community, too.]]></description>
<content:encoded><![CDATA[<img width="" src="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20240507/20240508-How-Buying-or-Selling-a-Home-Benefits-Your-Community.png" alt="How Buying or Selling a Home Benefits Your Community Simplifying The Market" loading="lazy" style="display: block; margin-bottom: 5px; clear: both; max-width: 100%;" />If you're thinking of <a href="https://www.simplifyingthemarket.com/2024/04/11/builders-are-building-smaller-homes/" rel="noopener noreferrer" target="_blank">buying</a> or <a href="https://www.simplifyingthemarket.com/2024/04/30/what-more-listings-mean-when-you-sell-your-house/" rel="noopener noreferrer" target="_blank">selling</a> a house, it's important to know it doesn't just impact you—it helps out the local economy and your community, too.Every year, the National Association of Realtors (NAR) puts out a <a href="https://cdn.nar.realtor/sites/default/files/documents/2024-state-economic-impact-of-real-estate-activity-report-united-states-04-09-2024.pdf?_gl=1*gi9lw4*_gcl_au*NDg0ODIxMTgxLjE3MTIyNDc0OTg." rel="noopener noreferrer" target="_blank">report</a> that breaks down the financial impact that comes from people <a href="https://www.simplifyingthemarket.com/2024/04/05/top-5-reasons-to-hire-an-agent-when-buying-a-home-infographic/" rel="noopener noreferrer" target="_blank">buying</a> and <a href="https://www.simplifyingthemarket.com/2024/04/29/nows-a-great-time-to-sell-your-house/" rel="noopener noreferrer" target="_blank">selling</a> homes (see visual below):<a href="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20240507/20240508-Impact-of-a-Typical-Home-Sale.png" rel="noopener noreferrer" target="_blank"><img src="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20240507/20240508-Impact-of-a-Typical-Home-Sale.png" alt="No Caption Received"></a> When a house is sold, it really boosts the local economy. That’s because of all the people needed to <a href="https://www.simplifyingthemarket.com/2024/04/03/newly-built-homes-could-be-a-game-changer-this-spring/" rel="noopener noreferrer" target="_blank">build</a>, fix up, and sell homes. Robert Dietz, Chief Economist at the National Association of Home Builders (NAHB), <a href="https://chicagoagentmagazine.com/2023/01/02/nahb-robert-dietz-new-construction/" rel="noopener noreferrer" target="_blank">explains</a> how the housing industry adds jobs to a community:<blockquote>“. . . housing is a significant job creator. In fact, for every single-family home built, enough economic activity is generated to sustain three full-time jobs for a year . . .”</blockquote>It makes sense that housing creates a lot of jobs because so many different kinds of work are involved in the industry.Think about all the people involved with selling a house—city officials, contractors, lawyers, real estate agents, specialists, etc. Everyone has a job to do to make your deal go through. So, each transaction is a big help to those who work and live in your community.Put simply, when you <a href="https://www.simplifyingthemarket.com/2024/04/25/is-a-multi-generational-home-right-for-you/" rel="noopener noreferrer" target="_blank">buy</a> or <a href="https://www.simplifyingthemarket.com/2024/04/10/should-i-move-with-todays-mortgage-rates/" rel="noopener noreferrer" target="_blank">sell</a> a home, you’re helping out your neighbors. So, when you <a href="https://www.simplifyingthemarket.com/2024/04/16/should-i-wait-for-mortgage-rates-to-come-down-before-i-move/" rel="noopener noreferrer" target="_blank">decide to move</a>, you're not just meeting your own needs—you're also doing something good for your community. Just knowing your move helps so many people around you can give you a sense of empowerment as you make your decision this year.<h3>Bottom Line</h3>Every time a home is sold, it really helps out the local economy. If you’re <a href="/2024/04/12/the-perks-of-downsizing-when-you-retire-infographic/" rel="noopener noreferrer" target="_blank">ready to move</a>, get in touch with a local <a href="/2024/04/09/the-top-5-reasons-you-need-a-real-estate-agent-when-buying-a-home/" rel="noopener noreferrer" target="_blank">real estate agent</a>. It won’t just change your life—it’ll also do a lot of good for the whole community.]]></content:encoded>
<category>For Buyers</category>
<category>For Sellers</category>
<pubDate>Wed, 08 May 2024 10:30:00 +0000</pubDate>
<dc:creator><![CDATA[KCM Crew]]></dc:creator>
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<item>
<title>Tips for Younger Homebuyers: How To Make Your Dream a Reality</title>
<link>https://www.simplifyingthemarket.com/en/2024/05/07/tips-for-younger-homebuyers-how-to-make-your-dream-a-reality</link>
<description><![CDATA[<img width="" src="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20240503/20240507-Tips-for-Younger-Homebuyers-How-To-Make-Your-Dream-a-Reality.png" alt="Tips for Younger Homebuyers: How To Make Your Dream a Reality Simplifying The Market" loading="lazy" style="display: block; margin-bottom: 5px; clear: both; max-width: 100%;" />If you’re a member of a younger generation, like Gen Z, you may be asking the question: will I ever be able to buy a home?]]></description>
<content:encoded><![CDATA[<img width="" src="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20240503/20240507-Tips-for-Younger-Homebuyers-How-To-Make-Your-Dream-a-Reality.png" alt="Tips for Younger Homebuyers: How To Make Your Dream a Reality Simplifying The Market" loading="lazy" style="display: block; margin-bottom: 5px; clear: both; max-width: 100%;" />If you’re a member of a younger generation, like Gen Z, you may be asking the question: will I ever be able to buy a home? And chances are, you’re worried that’s not going to be in the cards with inflation, rising <a href="https://www.simplifyingthemarket.com/2024/04/22/what-you-really-need-to-know-about-home-prices-1/" rel="noopener noreferrer" target="_blank">home prices</a>, <a href="https://www.simplifyingthemarket.com/2024/04/23/the-best-way-to-keep-track-of-mortgage-rate-trends/" rel="noopener noreferrer" target="_blank">mortgage rates</a>, and more seemingly stacked against you.While there’s no arguing this housing market is challenging for <a href="https://www.simplifyingthemarket.com/2024/03/22/3-helpful-tips-for-first-time-homebuyers-infographic/" rel="noopener noreferrer" target="_blank">first-time homebuyers</a>, it is still achievable, especially if you have <a href="https://www.simplifyingthemarket.com/2024/04/09/the-top-5-reasons-you-need-a-real-estate-agent-when-buying-a-home/" rel="noopener noreferrer" target="_blank">professionals</a> on your side.Here are some helpful tips you may get from a pro.<h4>1. Explore Your Options for a Down Payment</h4>If a down payment is your #1 hurdle, you may have options to give your savings a boost. There are over 2,000 <a href="https://downpaymentresource.com/homebuyer-resource/navigating-down-payment-assistance-programs-a-homebuyers-guide/" rel="noopener noreferrer" target="_blank">down payment assistance</a> programs designed to make <a href="https://www.simplifyingthemarket.com/2024/04/08/dont-let-your-student-loans-delay-your-homeownership-plans/" rel="noopener noreferrer" target="_blank">homeownership</a> more achievable. And, that’s not the only place you may be able to get a helping hand. While it may not be an option for everyone, 49% of Gen Z homebuyers got money from loved ones that they used toward a down payment, according to LendingTree.And chances are you won’t need to put <a href="https://www.simplifyingthemarket.com/2024/02/26/the-truth-about-down-payments/" rel="noopener noreferrer" target="_blank">20% down</a> (unless specified by your loan type or lender). So be sure to work with a trusted <a href="https://www.simplifyingthemarket.com/2024/03/01/the-first-step-getting-pre-approved-for-a-mortgage-infographic/" rel="noopener noreferrer" target="_blank">mortgage professional</a> to explore your options, find out how much you’ll really need, and learn about any guidelines on getting a gift from loved ones.<h4>2. Live with Loved Ones To Boost Your Savings</h4>Another thing a number of Gen Z buyers are doing is ditching their <a href="https://www.simplifyingthemarket.com/2024/04/17/is-it-better-to-rent-than-buy-a-home-right-now-1/" rel="noopener noreferrer" target="_blank">rental</a> and moving back in with friends or <a href="https://www.simplifyingthemarket.com/2024/04/25/is-a-multi-generational-home-right-for-you/" rel="noopener noreferrer" target="_blank">family</a>. This can help cut down your housing costs so you can build your <a href="https://www.simplifyingthemarket.com/2024/03/25/what-every-homebuyer-should-know-about-closing-costs/" rel="noopener noreferrer" target="_blank">savings</a> a whole lot faster. As Bankrate <a href="https://www.bankrate.com/homeownership/gen-z-and-homebuying/#homebuying-barriers" rel="noopener noreferrer" target="_blank">explains</a>:<blockquote>“. . . many have opted to stop renting and live with family in order to boost their savings. Thirty percent of Gen Z homebuyers move directly from their family member’s home to a home of their own, according to NAR.”</blockquote><h4>3. Cast a Broad Net for Your Search</h4>When you’ve <a href="https://www.simplifyingthemarket.com/2024/04/15/ways-to-use-your-tax-refund-if-you-want-to-buy-a-home/" rel="noopener noreferrer" target="_blank">saved up</a> enough, here’s how a pro will help you approach your search. Since the supply of <a href="https://www.simplifyingthemarket.com/2024/03/28/is-it-easier-to-find-a-home-to-buy-now/" rel="noopener noreferrer" target="_blank">homes for sale</a> is still low and affordability is tight, they’ll give you strategies and avenues you may not have considered to open up your pool of options.For example, it’s usually <a href="https://www.simplifyingthemarket.com/2024/04/18/is-it-getting-more-affordable-to-buy-a-home/" rel="noopener noreferrer" target="_blank">more affordable</a> if you consider a rural or suburban area versus an urban one. So, while the city may be livelier and more energetic, the cost of living may be reason enough to look at something further out. And if you consider <a href="https://www.simplifyingthemarket.com/2024/04/11/builders-are-building-smaller-homes/" rel="noopener noreferrer" target="_blank">smaller homes</a> and <a href="https://www.simplifyingthemarket.com/2024/02/16/achieve-your-dream-of-homeownership-with-condos-and-townhomes-infographic/" rel="noopener noreferrer" target="_blank">condos or townhouses</a>, you’ll give yourself even more ways to break into the market. As Colby Stout, Research Analyst at Bright MLS, <a href="https://brightmls.com/article/unlocking-the-door-to-starter-homes" rel="noopener noreferrer" target="_blank">explains</a>:<blockquote>“Being flexible on the types of home (e.g., a condo or townhome versus a single-family home) and exploring more affordable neighborhoods is important for first-time buyers.”</blockquote><h4>4. Take a Close Look at Your Wants and Needs</h4>And lastly, an agent can help you really think about your must-have’s and nice-to-have’s. Remember, your <a href="https://www.simplifyingthemarket.com/2024/03/11/finding-your-perfect-home-in-a-fixer-upper/" rel="noopener noreferrer" target="_blank">first home</a> doesn’t have to be your forever home. You just need to get your foot in the door to start <a href="https://www.simplifyingthemarket.com/2024/03/13/your-home-is-a-powerful-investment/" rel="noopener noreferrer" target="_blank">building equity</a>. If you want <a href="https://www.simplifyingthemarket.com/2024/03/04/what-to-know-about-credit-scores-before-buying-a-home/" rel="noopener noreferrer" target="_blank">to buy</a>, you may find making some compromises is worth it. As Chase says:<blockquote>“An open-minded approach to house-hunting may be one way for Gen Z homebuyers to maintain some edge. This could mean buying in areas that are less expensive. Differentiating needs vs. wants may help in this area as well.”</blockquote>An agent will help you prioritize your list of home features and find houses that can deliver on the top ones. And they’ll be able to explain how <a href="https://www.simplifyingthemarket.com/2024/03/20/does-it-make-sense-to-buy-a-home-right-now/" rel="noopener noreferrer" target="_blank">equity</a> can benefit you in the long run and make it possible to move into that dream home down the line.<h3>Bottom Line</h3>Real estate professionals have expertise on what’s working for other buyers like you. Lean on them for tips and advice on ways you can get ready to buy. As Directors Mortgage says, with that support you can make it happen: <blockquote>“The path to homeownership may not be a straightforward one for Gen Z, but it’s undoubtedly within reach. By adopting the right strategies, like exploring down payment assistance programs and sharing living costs with relatives, you can bring your dream of owning a home closer to reality.”</blockquote>]]></content:encoded>
<category>For Buyers</category>
<category>First-Time Buyers</category>
<pubDate>Tue, 07 May 2024 10:30:00 +0000</pubDate>
<dc:creator><![CDATA[KCM Crew]]></dc:creator>
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<title>What's Motivating Your Move?</title>
<link>https://www.simplifyingthemarket.com/en/2024/05/06/whats-motivating-your-move</link>
<description><![CDATA[<img width="" src="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20240502/240506-What-s-Motivating-Your-Move.png" alt="What's Motivating Your Move? Simplifying The Market" loading="lazy" style="display: block; margin-bottom: 5px; clear: both; max-width: 100%;" />Thinking about selling your house?]]></description>
<content:encoded><![CDATA[<img width="" src="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20240502/240506-What-s-Motivating-Your-Move.png" alt="What's Motivating Your Move? Simplifying The Market" loading="lazy" style="display: block; margin-bottom: 5px; clear: both; max-width: 100%;" />Thinking about <a href="https://www.simplifyingthemarket.com/2024/04/16/should-i-wait-for-mortgage-rates-to-come-down-before-i-move/" rel="noopener noreferrer" target="_blank">selling your house</a>? As you make your decision, consider what's pushing you to think about moving. A recent <a href="https://www.realtor.com/research/2024-q1-sellers-survey-btts/" rel="noopener noreferrer" target="_blank">survey</a> from Realtor.com looked into why people want to sell their homes this year. Here are the top two reasons (see graphic below):<a href="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20240502/20240506-Top-2-Reasons-Homeowners-Plan-To-Move.png" rel="noopener noreferrer" target="_blank"><img src="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20240502/20240506-Top-2-Reasons-Homeowners-Plan-To-Move.png" alt="No Caption Received"></a> Let's take a closer look and see if they’re motivating you to make a change too.<h4>1. To Make a Profit</h4>If you’re thinking about <a href="https://www.simplifyingthemarket.com/2024/03/29/outdoor-projects-can-boost-curb-appeal-when-you-sell-infographic/" rel="noopener noreferrer" target="_blank">selling your house</a>, you probably have a lot of questions on your mind. Well, here's some good news – the latest data shows most sellers get a great return on their investment when they sell. ATTOM, a property data provider, <a href="https://www.attomdata.com/news/most-recent/attoms-year-end-2023-u-s-home-sales-report/" rel="noopener noreferrer" target="_blank">explains</a>:<blockquote>“. . . home sellers made a $121,000 profit on the typical sale in 2023, generating a 56.5 percent return on investment.”</blockquote>That’s significant. And here’s one contributing factor. During the pandemic, <a href="https://www.simplifyingthemarket.com/2024/04/22/what-you-really-need-to-know-about-home-prices-1/" rel="noopener noreferrer" target="_blank">home prices</a> skyrocketed. There was way more buyer demand than homes available for sale and that combination pushed prices up.Now, home prices are still rising, just not as fast. That ongoing appreciation is good news for your bottom line. Any profit you make can help offset some of today’s <a href="https://www.simplifyingthemarket.com/2024/04/18/is-it-getting-more-affordable-to-buy-a-home/" rel="noopener noreferrer" target="_blank">affordability challenges</a> when you buy your next home.If you want to know how much your house is worth now and what's going on with prices in your area, talk to a local <a href="https://www.simplifyingthemarket.com/2024/02/28/why-you-want-an-agents-advice-for-your-move/" rel="noopener noreferrer" target="_blank">real estate agent</a>.<h4>2. For Family Reasons</h4>Maybe you want to be near relatives to help take care of <a href="https://www.simplifyingthemarket.com/2024/04/25/is-a-multi-generational-home-right-for-you/" rel="noopener noreferrer" target="_blank">older family members</a> or to have more support nearby. Or maybe you’re just eager to spend time together on special occasions like birthdays and holidays.<a href="https://www.simplifyingthemarket.com/2024/04/12/the-perks-of-downsizing-when-you-retire-infographic/" rel="noopener noreferrer" target="_blank">Selling a house</a> and moving closer to the people who matter the most to you helps keep you connected. If the distance is making you miss out on some big milestones in their lives, it might be time to talk to a local real estate agent to find a place close by. The National Association of Realtors (NAR) <a href="https://www.nar.realtor/magazine/tools/client-education/handouts-for-buyers/7-reasons-to-work-with-a-realtor#:~:text=A%20great%20real%20estate%20agent,Give%20you%20expanded%20search%20power." rel="noopener noreferrer" target="_blank">says</a>:<blockquote>“A great real estate agent will guide you through the home search with an unbiased eye, helping you meet your buying objectives while staying within your budget.”</blockquote><h3>Bottom Line</h3>If you're thinking about <a href="/2024/04/10/should-i-move-with-todays-mortgage-rates/" rel="noopener noreferrer" target="_blank">selling your house</a>, there’s probably a good reason for it. Why not talk to a local real estate agent? They can <a href="/2024/04/02/why-overpricing-your-house-can-cost-you/" rel="noopener noreferrer" target="_blank">help you</a> make the right move to reach your goals this year.]]></content:encoded>
<category>For Sellers</category>
<category>Selling Tips</category>
<pubDate>Mon, 06 May 2024 10:30:00 +0000</pubDate>
<dc:creator><![CDATA[KCM Crew]]></dc:creator>
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