Tuesday, February 25, 2025 / by Joyce Dungca
Are you trying to buy a home but you feel like you’re up against deep-pocketed Wall Street investors snatching up everything in sight? Many people believe mega investors are driving up prices and buying up all the homes for sale, and that’s making it hard for regular buyers like you to compete.
But here’s the truth. Investor purchases are actually on the decline, and the big players aren’t nearly as active as you might think. Let’s dive into the facts and put this myth to rest.
Most Investors Are Small, Not Mega Investors
A common misconception is that massive institutional investors are dominating the market. In reality, that’s not the case. The Mortgage Reports explains:
“On average, small investors account for around 18% of the market, while mega investors represent only about 1%.”
Most real estate investors are mom-and-pop investors who own just a few properties — not large corporations buying u? ...
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team raj jaggi, buyers, sellers, housing market
Monday, February 24, 2025 / by Joyce Dungca
Many people are hoping mortgage rates will come down before they buy a home. But will that actually happen? According to the latest forecasts, experts say rates will decline, but not by as much as a lot of people want.
The good news? Even if they don’t drop substantially, there are still ways to make buying a home more affordable.
How Much Will Rates Drop?
A few months ago, experts were forecasting mortgage rates could dip below 6% by the end of the year. But recent projections suggest that may not happen after all.
While mortgage rates are still expected to decline some later this year, projections from Fannie Mae, the Mortgage Bankers Association (MBA), and Wells Fargo now show them stabilizing closer to the 6.5% to 7% range (see below):
That means if you’re holding off on buying a home in hopes of much lower mortgage rates, you may be waiting a while. And if you need to move because something in your life has changed, like a new job, a n? ...
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team raj jaggi, buyers, sellers, mortgage rates, homeownership, home buying
Friday, February 21, 2025 / by Joyce Dungca
Some Highlights
With more homes for sale and buyers being more selective, it’s smart to make strategic updates.? But how do you decide what’s worth doing? ?You lean on an agent.
An agent will be able to tell you what buyers want, quick wins that’ll have a big impact, and what projects have the best ROI.
What projects are on your to-do list before selling? With only a month left before spring, let’s connect so you know what’s worth the time and effort. ...
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team raj jaggi, buyers, sellers, housing market, home prices, real estate agents
Thursday, February 20, 2025 / by Joyce Dungca
For the past few years, it’s been mostly a seller’s market. But dynamics are shifting as the number of homes for sale grows. And that means that the market is balancing out a bit. As a result, some sellers are finding they need to be more flexible to close a deal. One strategy that can help? Offering concessions.
As the National Association of Realtors (NAR) explains:
“As home inventory begins to grow and buyers regain some advantage in the market, sellers may consider offering more in negotiations to make the deal more attractive and get to the closing table.”
What Are Seller Concessions?
Concessions are homebuying costs that a seller agrees to cover as a way to get their house sold. And based on data from the National Association of Realtors (NAR), nearly 1 out of every 4 sellers (24%) offered a concession in 2024. Here are a few of the most common types of concessions:
Covering Closing Costs: The seller pays for ? ...
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team raj jaggi, buyers, sellers, housing market, real estate agents, home buying
Wednesday, February 19, 2025 / by Joyce Dungca
After years of suburban and rural migration during the pandemic, cities have been making a comeback in the past couple of years. According to the National Association of Realtors (NAR), the percentage of people moving to cities has risen to 16%. While that may not sound like a big number to you, it is the highest level in a decade – and that’s a big deal (see graph below):
And data from BrightMLS seems to confirm this trend. In a recent survey, 1 in 5 (20.6%) people looking to buy say they want to live in the city.
So, what’s behind this ongoing shift back to urban living? Let’s break down the top three reasons why people are trading quiet suburbs for bustling cityscapes. You may find out you want to sell your house with a big yard and move to an urban oasis, too.
1. Vibrant Culture
Cities have always been hubs of culture, entertainment, and community. They’re packed with energy and there are alw. ...
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team raj jaggi, buyers, sellers, homeownership, home buyers
