Keys to Success for First-Time Homebuyers
Toni Stanton 9 months ago

Keys to Success for First-Time Homebuyers

Buying your first home is an exciting decision and a major milestone that has the power to change your life for the better. As a first-time homebuyer, it’s a vision you can bring to life, but, as the National Association of Realtors (NAR) shares, you’ll have to overcome some factors that have made it more challenging in recent years:

 

“Since 2011, the share of first-time home buyers has been under the historical norm of 40% as buyers face tight invento...
Baldwin County 2022 Housing Report
Toni Stanton 1 year ago

Friday, January 6, 2023 8:00 am by Baldwin REALTORS®

ROBERTSDALE, Ala. – The Baldwin County housing market operated at a slower pace in December 2022, according to statistics reported by Baldwin REALTORS® Multiple Listing Service (MLS). Both new inventory and closed sales decreased in comparison with December 2021 data, and properties stayed available on the market for more days than the year prior. Altogether, the county saw a total amount of $218,205,529 in closed sales – a 42.8% decrease com...
Market Forecast 2023
Toni Stanton 1 year ago

    In 2022 we saw major shifts in the market.   Home Prices: Some experts think home prices will drop next year, though the forecasted decline is higher in the new home market. Moody's Analytics expects house prices to drop by 10 percent next year due to rising housing costs and mortgage rates.   Mortgage Rates: Although there is a lot of uncertainty, some experts think that rates will dip or level out in 2023. Economic Outlook: Fitch Ratings' most recent global economic outlook pre...

AL AAR:  Why Today's Housing Inventory Proves the Market Isn't Headed for a Crash
Toni Stanton 1 year ago

Why Today's Housing Inventory Proves the Market Isn't Headed for a Crash

from Alabama Association of Realtors

August 29, 2022

Whether or not you owned a home in 2008, you likely remember the housing crash that took place back then. And news about an economic slowdown happening today may bring all those concerns back to the surface. While those feelings are understandable, data can help reassure you the situation today is nothing like it was in 2008. One of the key reasons why the market wo...
Fact or Myth: FSBO Save Money
Toni Stanton 1 year ago

We've all heard it: For sale by owners saves money. But is it true? Do sellers really save money when they sell their home FSBO?

The short answer is NO. In fact, selling a home FSBO can actually cost you more than if you had hired a real estate agent.

 Let's look at the facts:

 -Most FSBOs don't have a professional photographer shoot photos of their house, which means that buyers aren't seeing the best possible representation of what they're buying. This will make it harder to get top dollar fo...
Buying Your Very First Home the Smart Way
Toni Stanton 1 year ago

You're finally buying a house! You've been saving up for years, and nothing could be more
exciting than the prospect of buying your own home. However, purchasing a new home can be overwhelming. There's so much to do you may not know where to start. Here are some of the things first-time homebuyers make mistakes on so you can avoid them.

  • Emptying your savings account. If you have an emergency fund for yourself, then great!
But if not… well… don't spend it all on a down payment for your new home...
Higher Rates, Short Supply & Real Estate in 2022
Toni Stanton 1 year ago

 

Higher Rates and Short Supply: The State of Real Estate in 2022 

The last two years caught many of us off guard—and not just because of the pandemic. They also ushered in the hottest housing market on record, with home prices rising nationally by nearly 19% in 2021, driven primarily by low mortgage rates and a major supply shortage.1

 

But while some had hoped 2022 would bring a return to normalcy, the U.S. real estate market continues to boom, despite rising interest rates and decreasing affo...
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