Amanda Willis - Real Estate Advisor

Congratulations 🥳 to this Boss Babe,Erica Heffner, for getting not one but TWO buyers under contract over the weekend.

So happy to be working with you again as your Transaction Coordinator!!!!

To really understand home affordability, you need to look at the combination of three important factors: mortgage rates, home prices, and wages.

1. Mortgage Rates

Mortgage rates have come down in recent months. And looking forward, most experts expect them to decline further over the course of the year. Even a small change in mortgage rates can have a big impact on your purchasing power, making it easier for you to afford the home you want by reducing your monthly mortgage payment.

2. Home Prices

The second important factor is home prices. After going up at a relatively normal pace last year, they’re expected to continue rising moderately in 2024.
That’s great news for you because it means prices aren’t likely to skyrocket like they did during the pandemic. But it also means it’ll probably cost you more to wait. So, if you’re ready, willing, and able to buy, and you can find the right home, purchasing before more buyers enter the market and prices...

3 Key Factors Affecting Home Affordability Over the past year, a lot of people have been talking about housing affordability and how tight it’s gotten.

Are you putting off your plans to sell because you’re worried you won’t be able to find a home you like when you move? If so, it may be time to consider a newly built home and the benefits that come with one. Here’s why.

Near-Record Percentage of New Home Inventory

The percentage of the total homes available to buy that are newly built is well over two times higher than the norm. And even more new homes are on the way.

Recent data from the Census shows there’s been an uptick in both housing starts (where builders break ground on more new homes) and housing completions (homes where construction just wrapped).

And while some people may worry builders are building too many homes, that isn’t a concern – if anything, the recent increase is really good news.

How This Helps You

Since the supply of existing homes for sale is still low right now, the increase of new-home construction can be a game changer because it gives you more options for your...

Why You May Want To Seriously Consider a Newly Built Home Are you putting off your plans to sell because you’re worried you won’t be able to find a home you like when you move?

Planning to buy a home in 2024? Here’s what to focus on. Improve your credit score, plan for your down payment, get pre-approved, and decide what’s most important to you. Let’s connect so you have expert advice on how to achieve your homebuying goals this year.

Achieving Your Homebuying Dreams in 2024 [INFOGRAPHIC] Planning to buy a home in 2024? Here’s what to focus on.