Fortunately, if you’re a buyer struggling to find a home, we have some good news. While it’s true that higher mortgage rates can decrease your purchasing budget, there are additional ways to compete in a hot market.
Trying to decide when to sell? If so, you likely want to time it just right so you can get the most out of the sale of your current house and know you’re making a good investment when you buy your next home. You may not realize that the opportunity to get the best of both worlds is already here. Here’s why.
The townhouse has been smartly renovated. There are three sunlit levels, a two+ bedroom townhouse. Move-in ready with gleaming hardwood floors and neutral paint colors throughout the townhouse. Features good-sized living room and separate formal dining room with classic built-in. Modern kitchen with newer stainless steel appliances & granite countertops. From the kitchen, access to the private stone patio. There are two good-sized bedrooms on the second level, with ample closets, and each has recently installed mini-split A/C units. Finished third-floor bonus room, perfect for home office, playroom, etc. Private laundry in basement. One car garage parking plus additional off-street parking for one car.
Today’s housing market is nothing like it was in 2008. Let’s connect to discuss the reasons why it’s different.
As supply chain issues and labor shortages continue to impact the housing market, builders have not been able to make progress toward closing the gap in new home demand. A new report released this week by Realtor.com found that the gap between single-family home construction and household formations grew from 3.84 million homes at the beginning of 2019 to 5.8 million homes at the end of 2021.
Stunning! A modern oversized one-bedroom condo for sale in desirable Hamilton Place, Watertown. Chic, updated kitchen with white quartz countertops and top-quality JennAir appliances. Spacious, sun-filled open living room/dining room with sliders to a private balcony. XL bedroom with walk-in closet (14X4) and a bank of 8 IKEA closets for additional storage needs. Just renovated stylish tile bath! Bamboo flooring throughout. One deeded parking spot.
U.S. Housing Supply to Remain a Major Challenge for Home Buyers in 2022. While housing supply remains low, buyers will continue to compete for homes.
2021 was a fascinating year for the real estate market — particularly in the Greater Boston Area. Over the past 12 months. The Hickman-Coen Home Team tracked all the breaking news in our “Real News You Can Use” newsletters. Check out the stories which most interested our readers in 2021
2022 will be our 6th Year Publishing “Real News You Can Use.”
Thank you for your continued readership!
According to the latest Zillow Weekly Market report, recent pending home sales in the nation went up again for an increase of 2.1 percent week over week and 13.7 percent Month over Month for the week ending June 20.
A recent survey by Lending Tree tapped into behaviors of over 1,000 prospective buyers. The results indicated 53% of all homebuyers are more likely to buy a home in the next year, even amid the current health crisis. The survey further revealed why, naming several reasons buyers are more likely to move this year (see graph).
