In 2021, the supply and demand imbalance fueled runaway house prices, as well as incredible competition as the limited supply of housing available was snapped up quickly. Sellers were clearly in control and there’s unfortunately no sign of that dynamic abating in 2022. According to the latest Market Pulse Report from HouseCanary, a real estate valuation brokerage, inventory levels dropped again in December to near-record lows. HouseCanary expects the nationwide shortage of homes for sale to persist well into the spring, projecting another double-digit home price increase by the end of 2022. Read More
“Is There Any Relief in Sight For the Housing Shortage Supply?”
Category: Helpful Tips
What to Expect from the First Time Home Buying Process
Buying your first home is a major, expensive decision, and you shouldn’t start the process without doing any research. Knowing what to expect during the home buying process can save you from possible mistakes, and give you the confidence you need to dive head first into the home buyer pool. One of the biggest challenges of buying your first home is knowing where to start. Luckily, Homes for Heroes has the complete first time home buying process laid out for you to review. Let’s go through what you’ll need to know and do to buy your first home. Read More “What to Expect from the First Time Home Buying Process”
Should I Buy a House in 2022?
As we start a new year, one of your resolutions might be to buy a house in 2022. But with an intimidating housing market, you might not be sure if now is the right time, or if you’re prepared to buy a house. We’ve looked at the trends from the end of 2021 to make predictions for the housing market in 2022 to give you a better idea on if 2022 is the year for you to buy a home.
Buying a Home in the 2022 Top Housing Markets with Homes for Heroes
The global pandemic triggered home buying fever in the United States. In many housing markets, high demand squeezed some homebuyers out of the running for getting a home. Although all signs point to more of the same in 2022, hero home buyers should be aware of the home buying assistance programs available to help them successfully buy a home in the 2022 top housing markets. Read More “Buying a Home in the 2022 Top Housing Markets with Homes for Heroes”
Here’s Why 2022 May Be a Better Market for Home Buyers
Double-digit home price appreciation that we’ve seen in the last 12 months shouldn’t be read as an indication that there is trouble ahead for the housing market in 2022. In fact, economic forecasts call for continued strength in US housing as we look into the New Year. Read More “Here’s Why 2022 May Be a Better Market for Home Buyers”
Open House: Home Repair 101 – Plumbing
Plumbing is an issue that unfortunately is usually caught after it’s too late, especially in a new home when you have no idea what has found its way down the drain. It can also present itself in several different ways. Toilets, showers/bathtubs, and dishwashers, are just some of the ways plumbing can present a problem in your home. They also can have completely different fixes. Read More “Open House: Home Repair 101 – Plumbing”
Open House: Home Repair 101 – HVAC
In order for your home to be comfortable, efficient, and save you money, you need to understand the systems in your home. I’m not talking about a sound system or gaming system, but the inner workings of your home. The plumbing, electrical, HVAC components of your house. If you understand how your home works, you can prevent costly repairs, keep your home in good working condition, and can potentially sell your home without making any major repairs. In the next few Open Houses, I’ll be exploring common home systems that are typically expensive to repair, but are necessary for good home health. This week, I’ll be tackling your HVAC system. Read More “Open House: Home Repair 101 – HVAC”
Open House: Guide to Homeowners Associations
You might have heard of a homeowners association from a relative, coworker or friend. And your experience with a homeowners association is probably highly negative or highly positive, depending on your acquaintance’s experience. So, what exactly is this polarizing component of different communities? In this Open House, we’ll dive deep into what a homeowners association is and if they’re the right fit for you. Read More “Open House: Guide to Homeowners Associations”
Market Trends: Buying a New House
If you have spent this summer looking to take the first or next steps in homeownership, you are well aware of how challenging it can be. The lack of houses for sale compared to the large number of home buyers has made for quite the competitive real estate market. Perhaps you have been a witness to the crazy bidding wars that have drive home purchase prices above asking prices. All these factors combined create a misperception that now is not a good time to buy a new house. Read More “Market Trends: Buying a New House”
Open House: Guide to Interest Rates
Interest rates are at all time lows, I’m sure you’ve heard. But what exactly is an interest rate? Why does it matter if they’re low? How can you get an interest rate even lower? In this edition of Open House, I’ll address all these common questions and more as you prepare to buy or refinance a home. Read More “Open House: Guide to Interest Rates”