REAL Homeownership Program

Mortgage rates have surged past 5% recently, and it has taken some air out of the intensity of the housing market. Many agents report that it's the first time in a while that they aren't receiving offers immediately after an open house, not to mention very few competing offers. Research shows that buyers have been exhausted by decreasing affordability and intense competition, and it's predicted that home prices and rates will continue to climb. With the rates as they are, even though competition is easing, the option to become a cash buyer instead of going the traditional route could make it possible to still obtain the home you want. Let REAL make you one. www.realhomeownership.com

Demand for second homes is still up compared to pre-pandemic levels but it has seen a significant drop in the past month. In what we've seen with recent mortgage rates, high home prices and additional loan fees, buyers are starting to back off on purchasing second homes. While declining, demand won't go away and isn't expected to drop lower than the pre-pandemic level since remote working is likely here to stay. If you're an aspiring buyer, you might consider the opportunity to get that second home of your dream - for occasional getaways, investment, or for any other purpose. REAL can help. www.realhomeownership.com

The housing market of late is still hot but according to Redfin experts, it's showing signs of slightly slowing down. Inventory is currently 48% below pre-pandemic levels, bidding wars are at record-high rates, and the spiking mortgage rates are pulling aspiring, traditional homebuyers out of the market. The research shows that fewer people are searching online for homes or applying for mortgages, which means, now might be the right time to take advantages of being a cash buyer. REAL can help you become one, learn more here. www.realhomeownership.com

Competition in the housing market has been fierce and although the upward trend is slowing somewhat, the bidding war rate is one of the metrics that reflects it. The latest numbers show that in February, 68.6% of offers written by just Redfin agents faced bidding wars, and the recent spiking mortgage rates have intensified it. El Paso, Texas is currently among the top-most competitive metros and other top cities include Denver, Minneapolis and San Francisco. Here's more detail. https://www.redfin.com/news/real-estate-bidding-wars-february-2022/
If you're ready to buy, let REAL help. We make you a cash buyer and significantly up your chance to be picked by the seller. www.realhomeownership.com

Numbers of homebuyers looking to relocate reached a record high in the past month. With median prices up 16% compared to a year ago, and as mortgage rates continuing to rise, Americans are moving to more affordable areas. According to a recent Redfin survey, 32.3% of people who are actively searching to buy are moving to a new area. And this is a big jump from the 26% of people relocating in 2019 before the pandemic. With the work-from-home lifestyle being the new norm, people have the freedom to live in the neighborhood they desire. If you're in the market for a move, REAL can help. We buy the house in cash, so you stand out from the competition to get that dream house of yours. Learn more here. www.realhomeownership.com

Buyers like you are currently in the middle of the housing market's hottest stretch. Home prices are up 18.8% over the past 12 months and it has made people question, when is the frenzy going to end? Well, experts have spoken. Things may start to cool down after springtime. Home price growth will eventually slow down to not outpace income growth too much. You can make up your mind on that new or next home then, or act now before inventory is any lower by letting REAL help. We buy the house in cash so you have significantly greater negotiating power. Learn more here. www.realhomeownership.com