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Over the past year, home prices have been a widely

Over the past year, home prices have been a widely debated topic. Some have said we’ll see a massive drop in prices and that this could be a repeat of 2008 – which hasn’t happened. Others have forecasted a real estate market that could see slight appreciation or depreciation depending on the area of the county.

Selma Hepp, Chief Economist at CoreLogic, says:

“While 2023 kicked off on a more optimistic note for the U.S. housing market, recent mortgage rate volatility highlights how much uncertainty remains. Nevertheless, the continued shortage of for-sale homes is likely to keep price declines modest, which are projected to top out at 3% peak to trough.”

So, given this information and what experts are saying about home prices, the question you might be asking is: should I buy a home this spring? Here are three reasons you should consider making a move:

1. Buying a home helps you escape the cycle of rising rents. Over the past several decades, the median price of rent has risen consistently. The bottom line is, rent is going up.
2. Homeownership is a hedge against inflation. A key advantage of homeownership is that it’s one of the best hedges against inflation. When you buy a home with a fixed-rate mortgage, you secure your housing payment, so it won’t go up like it would if you rent.
3. Homeownership is a powerful wealth-building tool. The average net worth of a homeowner is $255,000 compared to $6,300 for a renter.

The decision to purchase a home is best made when you do it knowing all the facts and have an expert on your side. DM me so you can make the most informed decision about your next move.

#realestate #homeownership #homebuying #realestategoals #realestatetips #realestatelife #realestatenews #realestateagent #realestateexpert #realestateagency #realestateadvice #realestateblog #realestatemarket #realestateexperts #realestateagents #instarealestate #instarealtor #realestatetipsoftheday #realestatetipsandadvice #keepingcurrentmatters #folsomrealestate #leonardirealestate #eldoradohillsrealestate

Though the housing market is no longer experiencin

Though the housing market is no longer experiencing the frenzy of a year ago, buyers are showing their interest in purchasing a home.

That activity can be seen in the latest ShowingTime Showing Index, which is a measure of buyers actively touring available homes.

The 62% jump in showings from December to January is one of the largest on record. There were also more showings in January than in any other month since last May. It's normal for showings to increase early in the year, but the jump this January was larger than usual, and a lot of that has to do with mortgage rates. Michael Lane, VP and General Manager at ShowingTime+, explains:

“It’s typical to see a seasonal increase in home showings in January as buyers get ready for the spring market, but a larger increase than any January before after last year’s rapid cooldown is significant. Mortgage rate activity this spring will play a big role in sales activity, but January’s home showings are a positive sign that buyers are getting back out there . . .”

It's important to note that mortgage rates hovered in the low 6% range in January, which played a role in the high number of showings. What does this mean? When mortgage rates eased, buyer interest climbed. The jump in home showings early this year makes one thing clear – while rates may be volatile right now, there are interested buyers out there, and when mortgage rates are favorable, they’re ready to make their move.

If you’re thinking of selling your house, DM me so you’re ready when the time is right for you.

#Sellyourhouse #moveuphome #dreamhome #realestate #homeownership #realestategoals #realestatetips #realestatelife #realestatenews #realestateagent #realestateexpert #realestateagency #realestateadvice #realestateblog #realestatemarket #realestateexperts #instarealestate #instarealtor #folsomrealestate #realestatetipsandadvice #justsold #keepingcurrentmatters

☘️ Happy St Patrick’s Day 🇮🇪 🏠 . .

☘️ Happy St Patrick’s Day 🇮🇪 🏠
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#happystpatricksday #stpatricksday
#realestate #realtor #eldoradohills #granitebay #folsomca #folsom #folsomlake #leonardirealestate #luxuryrealestate #realtorsofinstagram #realestateagent #househunting #dreamhome #homesweethome #luxuryhomes #realestatelife #realestatemarket #homes #sacramentohomesforsale #folsomhomesforsale#folsomrealestate #housingmarket #sacramentorealestate #roseville #rocklin #downtownsac #folsomranch #californiahomes

Though there are more homes for sale now than ther

Though there are more homes for sale now than there were at this time last year, there’s still an undersupply with fewer houses available than in more normal, pre-pandemic years.

The current housing shortage has an impact on how you search for a home this spring. With limited options on the market, buyers who consider what’s a necessity versus what’s a nice-to-have will be more successful in their home search.

The first step? Get pre-approved for a mortgage. Pre-approval helps you better understand what you can borrow for your home loan, and that plays an important role in how you’ll put your list together. After all, you don’t want to fall in love with a home that’s out of reach. Once you have a good grasp on your budget, the best way to prioritize all the features you want and need in a home is to put together a list....

#firsttimehomebuyer #opportunity

Reach out if we can help you with real estate - John Leonardi, Broker/Owner LeonardiRealEstate.com
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#realestate #realtor #eldoradohills #granitebay #folsomca #folsom #folsomlake #leonardirealestate #luxuryrealestate #realtorsofinstagram #realestateagent #househunting #dreamhome #homesweethome #luxuryhomes #realestatelife #realestatemarket #homes #sacramentohomesforsale #folsomhomesforsale#folsomrealestate #housingmarket #sacramentorealestate #roseville #rocklin #downtownsac #folsomranch #californiahomes

The housing market has been going through shifts l

The housing market has been going through shifts lately. That’s why it’s so important to work with an industry professional who can be your guide throughout the process.

A real estate expert uses their knowledge of what’s really happening with home prices, housing supply, expert projections, and more to give you the best advice. Someone who can provide clarity like that is critical right now.

Unfortunately, when information in the media isn’t clear, it can generate a lot of fear and uncertainty in the market. As Jason Lewris, Co-Founder and Chief Data Officer at Parcl, says:

“In the absence of trustworthy, up-to-date information, real estate decisions are increasingly being driven by fear, uncertainty, and doubt.”
But it doesn’t have to be that way. Buying a home is a big decision, and it should be one you feel confident making. You can lean on an expert to help you separate fact from fiction and get the answers you need.

The right agent can help you understand what’s happening at the national and local levels. Experts have in-depth knowledge of the industry and can provide context, so you know how current trends compare to the normal ebbs and flows in the industry, historical data, and more.

Then, to make sure you have the full picture, an agent can tell you if your local area is following the national trend or if they’re seeing something different in your market. Together, you can use all that information to make the best possible decision.

After all, making a move is a potentially life-changing milestone. It should be something you feel ready for and excited about.

For expert advice and the latest housing market insights, DM me, and let’s connect.
#realestate #homeownership #homebuying #realestategoals

Reach out if we can help you with real estate - John Leonardi, Broker/Owner LeonardiRealEstate.com

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