Buyers | Blog

Friday, November 1, 2024   /   by Joyce Dungca

Q&A: How Do Presidential Elections Impact the Housing Market?

Some Highlights

Even if you’re not looking to move right away, you may have questions about how the election will impact the housing market.
When we look at historical trends, combined with what’s happening right now, we can find your answers. Based on historical data, mortgage rates decrease in the months before and home prices and sales increase the year after the election.
The facts show Presidential elections only have a small and temporary impact on the housing market. ...

  team raj jaggi, buyers, sellers, housing market, mortgage rates, home prices

Thursday, October 31, 2024   /   by Joyce Dungca

How Real Estate Agents Take the Fear Out of Moving

Feeling a bit unsure, or even afraid, to move with everything going on right now? The decision to move shouldn’t be scary, it should be exciting. And the best way to eliminate any fear is to work with a pro. 
Real estate agents are so much more than just transaction facilitators; they’re trusted guides to help you navigate the complexities of the housing market with confidence and ease. And a great agent can turn what may feel like a daunting process into a manageable—and even enjoyable—experience.
That’s why, in a Bright MLS survey, respondents agreed partnering with an agent is essential and helps cut down on their stress:
Here are just a few examples of why that expertise can give you so much peace of mind.
1. Explaining the Current Market
You may be seeing misleading headlines about a potential market crash, falling prices, and more. And when you’re not an expert yourself, it’s easy to get swept up in the c. ...

  team raj jaggi, buyers, sellers, housing market, real estate agents

Wednesday, October 30, 2024   /   by Joyce Dungca

Avoid These Top Homebuyer Mistakes in Today’s Market

No one likes making mistakes, especially when they happen in what’s likely the biggest transaction of your life – buying a home.
That’s why partnering with a trusted agent is so important. Here’s a sneak peek at the most common missteps buyers are making in today’s market and how a great agent will help you steer clear of each one.
Trying To Time the Market
Many buyers are trying to time the market by waiting for home prices or mortgage rates to drop. This can be a really risky strategy because there’s so much at play that can have an impact on those things. As Elijah de la Campa, Senior Economist at Redfin, says:
“My advice for buyers is don’t try to time the market. There are ?a lot of swing factors, like the upcoming jobs report and the presidential election, that could cause the housing market to take unexpected twists and turns. If you find a house you love and can afford to buy it. ...

  team raj jaggi, buyers, sellers, housing market, homeownership, home buyers

Tuesday, October 29, 2024   /   by Joyce Dungca

Why Home Sales Bounce Back After Presidential Elections

With the 2024 Presidential election fast approaching, you might be wondering what impact, if any, it’s having on the housing market. Let’s break it down.
Election Years Bring a Temporary Slowdown
In any given year, home sales slow down slightly in the fall. It’s a typical, seasonal trend. However, according to data from BTIG, in election years there’s usually a slightly larger dip in home sales in the month leading up to Election Day (see graph below):
Why? Uncertainty. Many consumers hold off on making major decisions or purchases while they wait to see how the election will play out. It’s a pattern that’s shown up time and time again, and it's particularly apparent for buyers and sellers in the housing market.
This year is no different. A recent survey from Redfin found that 23% of potential first-time homebuyers said they’re waiting until after the election to buy. That’s nearly a quarter of first-. ...

  team raj jaggi, buyers, sellers, home sales

Monday, October 28, 2024   /   by Joyce Dungca

Debunking Scary Myths About Buying a Home

Some Highlights


There are a number of scary myths about homebuying in today’s market. Here’s what you need to know.
Prices are not expected to crash, it is possible to buy even with student loan debt, and there are programs that can help you save for a down payment.
Don’t let scary myths delay your homebuying plans. Let's connect so you have a pro to help you separate the facts from your fears. ...

  team raj jaggi, buyers, sellers, housing market, home prices, downpayments