Builders | Blog

Tuesday, May 10, 2022   /   by Raj Jaggi

Will Home Prices Fall This Year? Here’s What Experts Say.

Many people are wondering: will home prices fall this year? Whether you’re a potential homebuyer, seller, or both, the answer to this question matters for you. Let’s break down what’s happening with home prices, where experts say they’re headed, and how this impacts your homeownership goals.
What’s Happening with Home Prices? 
Home prices have seen 121 consecutive months of year-over-year increases. CoreLogic says:

“Price appreciation averaged 15% for the full year of 2021, up from the 2020 full year average of 6%.”
So why are prices climbing so much? It’s because there are more buyers than there are homes for sale. This imbalance is expected to maintain that upward pressure on home prices because homes for sale are a hot commodity in today’s low-inventory housing market.
Where Do Experts Say Prices Will Go from Here?
Experts say the housing marke ...

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Wednesday, March 2, 2022   /   by Raj Jaggi

What's the Difference Between Renting and Buying a Home?

[INFOGRAPHIC]


Some Key Points
Consider the various financial advantages of owning a house when determining whether to rent or buy.
As a renter, you contribute to your landlord's wealth while also dealing with escalating expenditures. You can create your own net worth as a homeowner and lock in your monthly payments for the life of your loan.
If you're considering your alternatives, keep in mind that buying a home comes with a lot of financial benefits. To learn more, contact a local real estate agent.

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Tuesday, February 15, 2022   /   by Raj Jaggi

Planning a Renovation? Keep This in Mind

If you're hoping to sell this year, you're undoubtedly considering what you'll need to do to prepare your home to appeal to the full range of buyers. To get your property ready to sell, you'll need to engage with a reputable real estate agent who is familiar with the local market. However, there are a few things to think about when determining what to renovate and upgrade before putting your home on the market this season. Here are three things to keep in mind as you make your project list for the coming year.

1. There aren't many houses for sale

Housing inventory is well below what is considered average in a balanced market. Indeed, the newest statistics from the National Association of Realtors (NAR) suggests that inventory is at an all-time low. Because there is such a limited number of properties for sale, you are in a unique position to benefit from several offers and a rapid process when you sell your property.
However, you'll want to do it while purchasers are still sna ...

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Wednesday, January 26, 2022   /   by Raj Jaggi

Next Generation of Homebuyers Are Here!

Many Generation Z (Gen Z) individuals are approaching adulthood and considering whether to rent or purchase a home. If you fall into this category, keep in mind that you're never too young to start thinking about homeownership. The earlier you begin preparing, the quicker you will be able to leave your rented home.
Here are a few reasons to consider buying a home this year as you begin your journey and plan your next move.
Why Does Gen Z Want To Become Homeowners?
According to realtor.com research, while the overwhelming majority of Gen Z has yet to enter the housing market, a sizable percentage plans to do so in the near future. According to the study, 72% of Gen Z would prefer to buy a home than rent for the long run. As George Ratiu, Realtor.com's Manager of Economic Research, puts it:
“With nearly three-quarters of those surveyed preferring to buy versus renting long-term, the housing industry should be prepared for millions of Gen Z buyers to bring a new wave of demand ...

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Wednesday, November 24, 2021   /   by Raj Jaggi

Is Downsizing a Good Option for You? Before You Make The Move, Ask Yourself These 5 Questions.

Many homeowners choose to downsize for a variety of reasons. Perhaps they'll retire soon, or perhaps their children have already flown the coop. The extra rooms are no longer required, and cleaning and keeping them can be costly. Perhaps they've reviewed their recent electricity bills and considered ways to save money on utilities. More individuals are interested in living more responsibly, and one way to do so is to live in a smaller, more manageable, and easier-to-maintain home.

Whatever your motivation, keep in mind that downsizing is a serious decision that necessitates thorough consideration of your circumstances and objectives. Here are five questions to ask yourself if you're thinking about making the switch. Hopefully, your responses will assist you in preparing for the next lifestyle and financial changes.

One of the most common motivations for downsizing is to save money. It's certainly one of the first things you looked into if you've really considered downsizing. When ...

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