If you’re thinking about selling your house, you may have heard about the housing market slowing down in recent months. While it’s still a sellers’ market, the peak frenzy the market saw over the past two years has cooled some. If you’re asking yourself if you’ve missed your chance to sell your house and make a move, the good news is you haven’t – motivated buyers are still out there. But you do need to price your house right for today’s market. Here’s why.
As Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), says:

“Homes priced right are selling very quickly, but homes priced too high are deterring prospective buyers.”
It’s true buyer demand has slowed over the past few months as higher mortgage rates made it more expensive to buy a home. The result is fewer bidding wars and less competition among buyers (see visual below):

But don’t forget ...

If you put off your home search at any point over the past two years, you may want to consider picking it back up based on today’s housing market conditions. Recent data shows the supply of homes for sale is increasing, giving buyers like you additional options.
But it’s important to keep in mind that while inventory is improving, it’s still a sellers’ market. And that means you need to be prepared as you set out on your home search. Here are three tips for buying the home of your dreams today.
1. Understand How Mortgage Rates Impact Your Homebuying Power
Mortgage rates have increased significantly this year, and over the past few weeks, they’ve been fluctuating quite a bit. It’s important to stay up to date on what’s happening with rates and understand how they can impact your purchasing power when you’re thinking of buying a home. The chart below can help.
Let’s say your budget allows for a mo ...

Some Highlights


If you’re buying a home, here’s what you should know about your home inspection and why it’s so important.


A home inspection is a crucial step in the homebuying process. It assesses the condition of the home you plan to purchase so you can avoid costly surprises down the road.


Let’s connect so you have an expert on your side to guide you through the process. ...

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$750000
3bed - 3bath - 0.15 sqft lot
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Come check this Immaculate colonial in Merrick! This beautiful house features 3 spacious bedrooms and 3 bathrooms. With an open floor concept on first floor, you will find a huge living room w/built-in fireplace, dining room w/French doors leading to backyard deck, bedroom wi/ attached fully tiled bath and a stunning modern kitchen filled w/great features that include all new black SS appliances, L-shaped counter for entertainment, farm style sink, commercial style dual oven, stove top with a pot filler along with superior white kitchen tiles, huge pantry as storage. Seasonal room w/picture view windows to enjoy the outside scenery.1st floor also has surround sound speakers w/Bluetooth capability. Brand new Maytag washer & dryer. Recessed lighting and hardwood floors throughout the home. Full finished basement w/OSE. Common bath on 2nd floor has Bluetooth capabis ...

According to a recent survey from the Wall Street Journal, the percentage of economists who believe we’ll see a recession in the next 12 months is growing. When surveyed in July 2021, only 12% of economists consulted thought there’d be a recession by now. But this July, when polled, 49% believe we will see a recession in the coming 12 months.
And as more recession talk fills the air, one concern many people have is: should I delay my homeownership plans if there’s a recession?
Here’s a look at historical data to show what happened in real estate during previous recessions to help prove why you shouldn’t be afraid of what a recession would mean for the housing market today.
A Recession Doesn’t Mean Falling Home Prices
To show that home prices don’t fall every time there’s a recession, it helps to turn to historical data. As the graph below illustrates, looking at the recessions going all the way back t ...