What to Expect from the 2023 Housing Market
Over 2020 and 2021, we saw a red-hot housing market. This was due to an average 3% mortgage rate and low inventory, which created a fast-paced market filled with bidding wars. In 2022, the market underwent a significant shift. Higher mortgage rates reduced buyer demand, slowed the pace of home sales, and moderated home prices. […]
What is the MLS?
Are you looking to buy or sell a home? You may have heard about the multiple listing service, also known as the MLS. It’s an invaluable tool for prospective buyers and sellers that can make the real estate market much easier to navigate. But what exactly is this mysterious resource? If you’re wondering how it […]
Good News for Today’s Homebuyers
While higher mortgage rates are creating affordability challenges for homebuyers this year, there is still good news for those looking to buy a home. As the market has cooled this year, some of the intensity buyers faced during the pandemic’s peak frenzy has also cooled. Here are a few trends that may benefit you when […]
Factors to Lock in the Lowest Mortgage Rate
When buying a home, you want to secure the lowest interest rate on your home loan. In the last few years, we have seen record-low mortgage rates, but over this last year, rates have significantly risen. How do you combat those higher rates to lock in a lower one? Here are a few factors and […]
Opportunities for a Seller in Today’s Market
Real estate is always a hot topic and with good reason. The market has changed significantly in the last few years, and this latest season has undergone more shifts. The number of homes for sale is rising as buyer demand slows. Uniquely, this shift offers sellers key opportunities and benefits when selling. You Have More […]
A Window of Opportunity for Homebuyers
The market is making a shift! There has been a clear impact on the housing market recently because of the rise in mortgage rates. Are we shifting back to the housing market pre-pandemic? This leveling out isn’t a bad thing. The years leading up to the pandemic were some of the best the housing market […]
A Great Time to Sell
As mortgage rates started to rise this year, many homeowners began to wonder if the value of their homes would fall. Historically, when mortgage rates rise by a percentage point or more, home values continue to appreciate. Currently, home values continue to grow because of the ongoing imbalance in supply and demand. Specifically, housing supply […]
Summer Hiking in Prescott, AZ
Prescott, Arizona, is an excellent town for hiking and exploring the outdoors. Whether you are a beginner or an experienced hiker, a great hike is waiting for you in Prescott. The summer months provide the perfect weather for hikes of all levels. Here are some of our favorite trails to explore this summer. Butte Creek […]
Navigating Bidding Wars as the Buyer
When inventory is tight, and a market heats up, sellers may find themselves in a multiple offer situation. In a multiple offer situation, more than one potential buyer submits a written offer. With multiple offers on a property, the listing agent can then try and “shop the top offer” to get the best deal possible […]
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