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Showing posts with the label for Sellers. For Home Sellers

Spring Real Estate Update — Here’s What’s Happening!

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  The spring housing market is already heating up, and there’s some good news for both buyers and sellers: ✅ More homes hitting the market ✅ Price growth slowing down ✅ Mortgage rates are holding more steady ✅ Buyer activity is picking up If a move is on your mind this season, now is the time to strategize. I’d love to walk you through what these changes mean for your unique situation — whether you’re buying, selling, or just exploring. 📩 DM me to chat or drop your questions below — let’s make the most of this market together! Hope Leitner Berkshire Hathaway HomeServices 📞 858-382-3763 📧 hope@cdhorn.com 🌐 hopeleitner.com

Worried About a Recession? Here’s What It Means for Housing!

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  Recession talk is all over the news, and the odds of a recession are rising this year. And that leaves people wondering what would happen to the housing market if we do go into a recession. Let’s take a look at some historical data to show what’s happened in housing for each recession going all the way back to the 1980s. A Recession Doesn’t Mean Home Prices Will Fall Many people think that if a recession hits, home prices will fall like they did in 2008. But that was an exception, not the rule. It was the only time we saw such a steep drop in prices. And it hasn’t happened since. In fact, according to data from  CoreLogic , in four of the last six recessions, home prices actually went up ( see graph below ): So, if you’re thinking about buying or selling a home, don’t assume a recession will lead to a crash in home prices. The data simply doesn’t support that idea. Instead, home prices usually follow whatever trajectory they’re already on. And right now, nationally,  ho...

Is It Time To Put Your House Back on the Market?

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  If you took your house off the market in late 2024, you’re not the only one.  Newsweek  reports that data from  CoreLogic  and the  Wall Street Journal  (WSJ) says nearly 73,000 homes were pulled from the market in December alone –  that's more than any other December going all the way back to 2017  ( see graph below ): Whether it was because offers weren’t coming in, the timing around the holidays felt overwhelming, or they wanted to see if the market would improve in the new year – a lot of other homeowners decided to press pause, too. But now, with spring fast approaching, it’s time to reassess. The market is already picking up, and waiting any longer to jump back in may only mean you’d face more competition from other sellers down the road. Why Now Could Be the Right Time  Selma Hepp, Chief Economist at  CoreLogic , explains that some of those sellers may have pulled their listings late last year with the goal of trying again ...

Is Your House Priced Too High?

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  Every  seller  wants to get their house sold  quickly , for as much money as they can, with as few  headaches  as possible. And chances are, you’re no different. But did you know one of the biggest things that could jeopardize your success is the  asking price  for your home? Pricing your house correctly is one of the most crucial steps in the selling process. So, how do you know if you’re missing the mark? Here are four signs your high asking price might be turning potential buyers away—and why leaning on your  real estate agent  is the best way to course correct. 1. You’re Not Getting Many Showings or Offers One of the most obvious signs your house may be overpriced is a lack of showings. If it's been on the market for several weeks and only a few buyers have come to see it—or worse, you haven’t gotten any  offers —it could be a clear indication the price isn’t matching up with what buyers expect. Because buyers who have been lo...