I find people and places and things fascinating.. it's fun to share and see how things make you feel, for me it's nostalgia and I love being in the moments.  

Sunday morning coffee club - Somewhere in Missouri

its on a exterior door - so dial in?

apple tea in Hannibal Missouri at LaBinnah

Angel food cake -Underbrinks Bakery Quincy Ill

Quincy Ill  Villa Katharine

Villa Katharine - Visitors Center Quincy Ill

 Dave Ramsey has some great information and it's spot on in most markets;

4 Steps to Know How Much Your Home Is Worth

Here are four easy steps that will help you understand your home’s market value:

1. Learn the facts about your house and local market.

Believe it or not, your home’s market value is not based on the following:

• Your monthly mortgage payment
• Your opinion of how great your home is
• Your memories of your home

In a nutshell, market value is what buyers are willing to pay for your home. And just because Fred and Suzie next door sold their house for twice what they paid for it, that might not be the same for you.

As a homeowner, it’s tough to see your home the way a buyer would. Although you think little Danny’s handprints in the front porch pavement are cute, a potential buyer will see them as just one more thing to fix.

Facts About Your House

Keep in mind that a serious buyer will take critical mental note of the following:

• Location, location, location: Is your house in a desirable part of town with good schools? How close is it to highways and shopping centers?

• Safety: Does your neighborhood have sidewalks, underground electrical lines and a low crime rate? To learn about your local crime rate, check out crime stats on FBI.gov.

• Curb appeal: Is your house pretty to look at? Or is it an outdated eyesore?

• Square footage: How big is your home? Does it have any weird layout issues?

• Number of rooms: Does the ratio of bathrooms to bedrooms make sense?

• Updated appliances: Does your home still sport a harvest gold stove from the 1970s? Will the buyer need to plan for the cost of a new fridge, dishwasher or other items?

• School district: How are the schools rated in your area? Are there multiple options? If you’re not sure, try online resources like GreatSchools.org.

Facts About Your Market

Some factors affecting your home’s market value are out of your control. For instance, if the economy is tanking, no one’s going to pay top dollar for a house. The final price tag may also depend on:

• Mortgage interest rates: A mortgage is a huge financial commitment, so a high interest rate will keep some buyers from pulling the trigger.

• Time of year: Homes just sell better during certain months than they do in others. For example, most buyers won’t choose to move during the middle of the holiday season or after the school year has started. Expect to get more or fewer offers depending on the time of year.

• Supply and demand: If there are a ton of houses on the market, that means you’ve got competition. On the other hand, if there are more interested buyers than there are “For Sale” signs, raise the price like the savvy seller you are!

• How similar homes in the area have sold: How much are people willing to pay for a home like yours in your neighborhood? Are there many foreclosures in your area? This will give you a lot of insight into how desirable your home may be—or how much someone might be willing to pay.

If you’re trying to sell your home, an expert real estate agent can help you analyze all this information to create your ideal listing price. Want to investigate on your own? A quick online search can give you a ballpark number.

2. Enter your address into a free online home value estimator.

If you search for your address on an online real estate marketplace, you’ll likely find all kinds of facts about your home that are public record, including:

• Type of home
• Year the home was built
• Number of rooms, bedrooms and bathrooms
• Square footage of the home
• Square footage of the lot
• Heating and cooling systems
• Number of parking spots
• How much you and each previous owner paid for the home

Along with these home facts, you’ll see an estimated market value. Online tools like home value estimators put this number together by looking at the sales of homes in the area that are similar to yours, local tax assessments, and whether homes in your area are increasing or decreasing in value over time.

Warning: Online Home Value Estimators Aren’t 100% Accurate

Before you get too excited about this number and slap a price on your house, dig a little more. While these online estimates are helpful, they’re not always accurate.

The estimates are only as reliable as the amount of public record data the real estate websites can access. The less data gathered for your particular neighborhood, county and state, the less you can depend on this number.

3. Compare your home’s value to others in your neighborhood.

As a home seller, the real value you’ll get from these sites comes from the information you find about your housing market. Scroll through the data and see if you can answer any of these questions:

• Is my home value trending upward or downward?

• How does my home value compare to other homes in my neighborhood or zip code?

• How does my home value compare to those in other zip codes in my area?

• What’s the market temperature? Is it a hot or cold time to sell?

That’s useful information you can discuss with your real estate agent when it comes time to set a price for your home.

4. Work with a real estate agent to find the most accurate price.

If you’re ready to sell your home, contact a real estate agent no matter what you find online. Your agent will have the most accurate information to help you decide on the right home price.

That’s because a real estate agent doesn’t pull stale information from the shelf. Unlike online tools, real estate agents have access to a multiple listing service (MLS) database of homes for sale in the area that will allow them to run an accurate comparative market analysis.

How a Real Estate Agent Determines Home Value

A good real estate agent will take the time to come and look at your home. They’ll consider the landscaping, the condition of the house, any upgrades you’ve added, and all those things that aren’t listed in public records but make a real difference to potential home buyers.

Agents use the power of real-world experience to compare your home’s nitty-gritty details to recent sales and current listings.

Let’s say you installed a new roof last year but your furnace is on its last leg. An experienced agent knows how to weigh those factors and still come up with a competitive price. Remember, the market value is not based on formulas. It’s based on how much someone is actually willing to pay for your home.

No computer can determine that, and your success as a seller rides on it.

Why It’s Important to Know Your Home’s Value

Knowing how much your house is worth helps you sell it for the right price from the start. Not really understanding your home’s value could lead you to undersell or oversell.

Price your home too high and buyers will pass you up without ever stepping through the door—which could end up forcing you to slash the price later. Price it too low, and you could lose thousands of dollars. The right price gets you the most money in the least amount of time.

Home value is also important in helping you make decisions when it comes to handling things like:

• Home insurance
• Property taxes
• Refinancing
• Private mortgage insurance (PMI)

How Often Should I Check My Home Value?

Getting an idea of your home value at least once a year could be useful. But you probably don’t need an expert’s opinion each time—unless you’re doing something big like selling or refinancing.

Since the value of your home influences things like insurance and taxes, keeping a pulse on how much your house is worth on a yearly basis could help you save money.

For example, if you bought your house with a down payment lower than 20%, you’re probably paying for PMI—an insurance that protects your lender (not you) in case you stop making monthly payments.

If your home value goes up to the point where you now own 20% or more of the house, you can ask your lender to get rid of PMI and save yourself a ton of money!

Price Your Home With an Expert Real Estate Agent

If you’re ready to sell your house, work with a real estate professional. For a fast and easy way to find a Ramsey Trusted agent, try our Endorsed Local Providers (ELP) program. We only recommend top agents with years of experience so you can sell your home on your timeline and for the right price.

! Deb Fowler is a Ramsey TRUSTED Provider.

 Rocking Rentals

This week ; 

Here's what I am doing.....

It's Friday afternoon and I am updating files for recent listings and sales - February is sometimes the start of the "spring market"  - this may seem early but as tax returns start rolling in it's often a good time to have the needed down payment for a new home !  So if you are thinking of listing give me a call ! Or if you have your pre approval and are ready to look let's talk! The cold days are sure to be fewer as we head into a much anticipated Spring! 

 Ramsey Solutions

With so much happening across the country and the costs of everything on the rise, you might be wondering how all that’s impacting real estate.

Will we see more skyrocketing home values? How will the real estate market shake out in our current economic climate? Whether you’re selling, buying or staying put, here are the 2023 real estate trends to watch!

Real Estate Trend #1: Home Inventory Is Low but Growing

The real estate market has been dealing with low inventory for a while now. That just means there weren’t enough homes for sale to meet buyer demand—a real estate trend that only got worse during the craziness of 2020. But the trend may be taking a turn. Inventory has been moving upward since May 2022, and November saw the year’s largest month-over-month jump since then (and about 46% over the same time last year).1

Still, the number of active home listings in November 2022 was around 38% lower than the pre-2020 levels of November 2017–2019.2 But don’t worry, we’ll walk you through what to expect if you decide to buy or sell soon.

What Low Inventory Means for Buyers

Lower-than-normal inventory means you need to be on your toes when you go house hunting because the best homes will likely be snatched up fast. In November 2022, most homes spent 56 days on the real estate market—18 days less than typical pre-2020 levels.3

Find expert agents to help you buy your home.

That doesn’t leave much time to hem and haw over your home search. If you want to find a good home in this slim market, here’s some advice:

Sacrifice some wants. If you can’t find the house you want, be willing to give up some nice-to-haves for your must-haves. Find the least expensive home in the best neighborhood you can afford and upgrade over time.

Expand your search. Is the location where you plan to buy too competitive? You might be surprised at the gem you can find in a less popular neighborhood. Working with a real estate agent who really knows the area is the best way to find a home that fits your budget and lifestyle.

Get preapproved ASAP. Getting preapproved for a mortgage before you go house hunting is a must in any market. And it’s even more important when home supply is low. If you don’t do this legwork ahead of time in a market like this, you could give a preapproved buyer free rein to swipe the home you want right out of your hands.

What Low Inventory Means for Sellers

If you’re selling a home, low inventory means less competition! So if your home is in a great location or has features that buyers want, you can probably expect to see multiple offers coming your way.

On the other hand, higher mortgage interest rates have knocked some buyers out of the market (more on that later). So if the house you’re selling isn’t the most appealing house on the block, you’ll still get offers—but you’ll likely get fewer offers than a house like yours would’ve received in the last couple of years.

One more thing to keep in mind: Make sure you know where you’ll be living next before you sell. If you’re buying a new home after your current home is sold, there’s no guarantee that the new owner will allow you to stay there until you decide (although you could make that part of the buying agreement).

Real Estate Trend #2: Annual Home Values Are Still Rising

Yes, home prices are still going up year over year. The national median home price for active listings increased by 11% to $416,000 in November 2022 compared to November 2021.4 But that rate actually trails behind the average 16% annual growth rate seen in June and July—which may be a sign that the speed of home price growth is calming down.5,6 That means 2023 will probably be a pretty slow growth year.

And since there’s still strong buyer demand and a shortage of homes for sale, prices aren’t going to plummet. They’re dipping a bit from month to month (which is a normal seasonal trend for prices after they peak in early summer)—but they’ll still be higher than they were at the start of this year.

So, if you’re a seller, that should put a smile on your face. And hang tight, buyers—we have some advice for you too.

What Higher Prices Mean for Buyers

If you’re going to buy a home in this expensive market, you absolutely have to know how much house you can really afford. Commit to staying within that budget no matter what—don’t cave to the pressure to buy because you’re tired of watching competitors pluck good homes off the market.

We know waiting on the right home that you can fit into your budget can get frustrating. But you’ll be glad you did it when your home is a blessing instead of a big, honking headache of a mortgage payment you can’t afford!

To feel confident about buying a home this year, follow these tips:

Limit your house payment to no more than 25% of your monthly take-home pay. This payment includes principal, interest, property tax, home insurance, homeowners association (HOA) fees and, if your down payment is lower than 20%, private mortgage insurance (PMI)—an extra fee added to your mortgage to protect your lender (not you) in case you don’t make payments.

Save a big down payment. Ideally, you’ll want to save a down payment of at least 20% to avoid PMI. For first-time home buyers, a smaller down payment like 5% to 10% is okay too—but then you’ll have to pay PMI. Saving a big down payment is possible! You just have to stay patient and focused. Who knows. You might even be able to save a five-figure down payment (or more) by this time next year!

Choose a 15-year fixed-rate conventional mortgage. The lowest total cost home loan (and the only one we ever recommend) is a 15-year fixed-rate mortgage. Expensive rip-offs like the 30-year mortgage, FHA, VA, USDA and adjustable-rate mortgages will charge you tens of thousands of dollars extra in interest and fees and keep you in debt for decades. Stay away from those!

Now it’s time to crunch the numbers with our free mortgage calculator to figure out a monthly payment your budget can handle. And then work with an expert real estate agent to find houses for sale within that budget.

For more help buying a home, check out our free Home Buyers Guide. It has all the answers you need to buy a home with confidence.

What Higher Prices Mean for Sellers

A nice profit may be on the horizon! And that’s great news because you’ll really want that extra money when buying your next home. To get the best offer on your home, work with an experienced agent who really knows what’s up in your local real estate market.

And be sure to wait for the right offer. Some buyers may try to gut punch you with a low number. If you aren’t in a hurry to move, wait for an offer that gives you the most profit. Remember, the least desperate person always has the upper hand when negotiating.

Real Estate Trend #3: Mortgage Interest Rates Are Higher

The average mortgage interest rate (the interest fee lenders charge as a percentage of your loan amount) was lower than it’s ever been in 2021. But it’s gone up since then.

Because the Federal Reserve raised interest rates in 2022, the average rate for a 15-year fixed-rate mortgage jumped from 2.8% in January of 2022 to 6.36% in October—the highest it’s been in over 15 years!7 Meanwhile, the average rate for a 30-year fixed-rate mortgage reached 7.08% in October.8

By the way, that’s a big reason we only recommend 15-year mortgages: They tend to have lower rates than 30-year mortgages, and since they end 15 years sooner, you’ll pay less interest over time. That’s a one-two punch when it comes to saving money!

If you want to refinance or get a mortgage from a lender who’s RamseyTrusted and actually cares about helping you pay off your home fast, talk to our friends at Churchill Mortgage.

What Higher Rates Mean for Buyers

Higher interest rates can put a dent in affordability. So don’t feel pressure to buy a house you aren’t ready for. But don’t let it scare you either. A high interest rate on a house you can afford is still doable.

Remember to stick to our advice on the monthly payment limit, down payment amount and mortgage type (see Real Estate Trend #2), and you’ll be in great shape!

What Higher Rates Mean for Sellers

Higher interest rates mean fewer buyers will be motivated to buy your home. So while houses were selling like hot cakes a year or so ago, your house might be on the market a little longer now. Prepare to be patient while waiting for offers.

Real Estate Trend #4: Online Real Estate Services Are Growing

No doubt you’ve heard of real estate services like Zillow that let you browse or list homes for sale online. But did you know online services now offer to buy and sell your house for you?

Third-Party Buyers

Here’s how the new iBuying trend works: You tell companies like Opendoor about the house you want to sell. They buy it from you, pump some money into it to resell at a higher price, and handle all the home processing stuff like inspections, repairs and home showings.

These companies promise you less hassle and charge you pretty much the same as an agent commission for selling costs—but it’s not all rainbows and sunshine. Some of these companies include an additional service fee (icing on their cake), which may mean less profit for you.

Worst of all, you don’t get the benefit of working with a top-notch agent who actually knows the current real estate market in your area and could sell your home for more money.

Using a “Virtual” Agent

Hybrid services like Redfin aim to reduce traditional agent commissions by handling things online. This gives you some of the services you’d get if you worked with an agent, but for a fraction of the cost. Think of it as a middle ground between selling with an agent and selling by yourself.

When selling a home, be wary of any middle ground. Your home is your biggest asset, and you get what you pay for! Having the peace of mind that you’ve got a dedicated real estate agent on your side through the whole process is worth the extra money (and helps you avoid any extra headaches). Why go virtual when the experience of a real person is so much better?

Mobile or Online Closings

In related news, digital technology also makes it easier to handle virtual documents needed for buying and selling. For example, many home transactions now use electronic signature apps and remote online notarization to streamline the process. In other words, you could buy or sell a house this year without getting out of your car or ever changing out of your bathrobe and slippers.

You can expect to see more of these trendy digital services pop up in real estate in 2023 and beyond. Just remember not to get swept up in every hot new trend. Use your brain, your budget and a great professional real estate agent to make sure you’re getting the best deal on the right house for you.

Real Estate Trend #5: Risky Buying Options Are More Accessible

Okay, let’s cover some of the other trendy and “creative” ways to purchase a home (beware!).

Rent-to-Own

If you’re itching to buy a home but can’t quite afford it yet, some sellers like Divvy offer a rent-to-own agreement. In this (bad) deal, you agree to rent the home for a while—anywhere from several months to several years—before becoming the owner.

The “plus” side of rent-to-own is that you can get into a house fast without waiting to save a down payment (but you know how we feel about that). Also, you don’t have to qualify for a mortgage right away.

The downside of rent-to-own is that it makes your rent more expensive because some of your monthly payment will go toward future homeownership. With rent prices increasing across the country, now’s not the time to pay even more!

And if you later decide you don’t want to buy the house or something happens to break your contract (like you don’t get approved for the mortgage), you won’t get all those extra payments back. They’ll have been a waste! Plus, you may have to handle repairs and maintenance yourself, even while renting. Talk about a bad deal!

Bottom line: Rent-to-own is a seriously dumb way to get into a house, so don’t get taken in. If you can’t afford a home yet, don’t buy one. Keep saving for that down payment and wait until your financial ducks are in a row. It’ll happen sooner than you think if you’re willing to work at it!

Down Payment Loans

Another risky real estate trend to avoid is taking out a personal loan to fund a down payment. That’s the same as buying a home with 0% down. You borrow the entire cost of the house—except this way you borrow it from two different companies at two different interest rates (which means twice as many headaches).

Purchasing a home with no money down is never a good idea. Remember, you want a down payment that covers at least 5% to 20% of the home’s value. Buying a house with anything less will keep you from reaching other financial goals because you’ll have to pay too much extra in interest and fees. Thankfully, not many mortgage lenders allow you to do this—and it can even disqualify you from getting the mortgage you need.

What if I’m Not Buying or Selling a Home This Year?

You may be thinking, All this is great, but I’m not going anywhere anytime soon. We hear you, and here are the real estate trends you should watch for now:

1. Equity will probably level off compared to last year.

Experts have different opinions on how the market will turn out. Freddie Mac believes home prices will go down by 0.2% in 2023.9 And the National Association of Realtors (NAR) thinks price growth will increase slightly by 0.3%.10

Whichever one turns out to be true, the bottom line is this: Home prices will stay pretty much the same. And depending on how long you’ve owned your home, you can still make a profit if you end up selling. And if you decide to stay put? Your equity may increase a little, which will help with your net worth. Just keep an eye on how much your home is worth to make sure your equity (what your home is worth minus how much you owe on it) is going up.

2. A real estate market crash looks unlikely.

With all the uncertainty behind everything that happened in 2020 and with home prices growing a little slower in 2022, you might be wondering if the housing market could collapse. Well, it’s impossible to know for sure, but real estate experts suggest a housing crash is unlikely.

While mortgage rates are higher than they’ve been in many years, the NAR predicts that the rates will peak in 2023 and may even go down, which will bring demand up. But there’s still a relatively low supply of home listings, which the NAR says will stay that way in 2023. This keeps home buying competitive and allows home prices to hold steady.

3. Regardless of your neighborhood, buyers are interested.

Since home prices have gone way up over the past few years, some buyers may be less choosy. In fact, determined ones might be willing to consider neighborhoods that don’t have easy access to highways or aren’t close to a big city. If you think you live in an unpopular neighborhood or believe your home isn’t what buyers are looking for, think again. Now may be the perfect time to consider selling your house.

Take Control of Real Estate Trends With an Experienced Agent

Whether you’re selling or buying, you can take advantage of the current real estate market trends by partnering with an experienced agent.

To find agents who earned the right to be called RamseyTrusted, try our Endorsed Local Providers (ELP) program. Our team will match you with top-performing agents we recommend in your area.

Find your RamseyTrusted real estate agent today!

Deb Fowler in the Burlington Iowa Area 

Frequently Asked Questions

What are the current real estate market trends?

The current real estate trends going into 2023 are all about the market slowing down and approaching something normal. Year-over-year home values are still rising, and 2023 will be a year of pretty slow growth. Home inventory is still low, but the data indicates that it’ll continue to grow throughout 2023.

There are also some rising trends to watch out for. Buying and selling real estate using online services is starting to get more popular, but it’s definitely not smart (hint: hiring a real estate agent is). And risky buying options like rent-to-own are (unfortunately) more accessible than ever.

Will the real estate market slow down in 2023?

Yes. With both a growing supply of houses and an overall demand for housing coming down due to higher interest rates, the market looks to be slowing down to something resembling normal compared to the white-hot performance of 2021 and 2022.  Think of the coming year as a regular, manageable fire instead of a gasoline-fueled blaze. Still hot, just not as hot.

As a result, experts are anticipating that home prices—which had year-over-year percentage jumps in the double digits the last couple years—will go up at a more normal rate in 2023.

Is now a good time to invest in real estate?

Yep. No matter what’s going on in the market, real estate is always valuable. (As Mark Twain said, “Buy land, they’re not making it anymore.”) And the value of real estate is always going up—even if it’s not by the huge percentages we saw in 2021 and 2022.

If you’re already maxing out your tax-advantaged retirement accounts and are looking for a way to earn some extra income, increase your net worth, (and can do it without going into debt), it’s a great time to invest.

But remember—that doesn’t mean it’s not going to require some hard work on your end. Owning real estate can be time consuming and might cost more money than you’re planning on spending. So make sure you fully understand what you need to invest before taking it on.

Will property values go down in 2023?

Depending on which expert you ask, home values with either go up or down by a fraction of a percentage point. That means the actual value will pretty much stay the same in 2023.

Are house prices going to drop? 

Not likely. While there have been small drops in prices due to the higher interest rates, they’re still higher than they were last year, and experts don’t think they’ll go down anytime soon.

Will mortgage interest rates go down?

Real estate experts believe interest rates will peak in 2023 and then slowly start to go down again.

Are we in a housing bubble?

No. In the Real Estate Reality Check, Dave Ramsey explained that the current real estate market is nothing like the housing bubble that burst in 2007 and 2008. For one thing, the current supply of houses is way lower than it was 15 years ago. Second, there’s still super high demand for houses despite the market slowing down a bit. Going into 2023, there are millions more households in America than there were back then, which leads to far more buyers chasing too few houses. A housing bubble, like the one in 2007 and 2008, has the opposite problem in all those areas.

Ramsey Solutions  

ABOUT THE AUTHOR

Ramsey Solutions

Ramsey Solutions has been committed to helping people regain control of their money, build wealth, grow their leadership skills, and enhance their lives through personal development since 1992. Millions of people have used our financial advice through 22 books (including 12 national bestsellers) published by Ramsey Press, as well as two syndicated radio shows and 10 podcasts, which have over 17 million weekly listeners. Learn More.

I am grateful for so much this year, good health, a warm home, friends and family near and far, the list is long and yet as we near the end of 2022 I reflect on the thank you cards I failed to send,  the thoughts and wishes I held for friends, family or clients but  failed to communicate, the birthday greetings, the get well or the sympathy card I never sent.  

 So today I want to say to my friends, family and my clients and customers, I thought of you.. and  I will task myself to do better, to make that phone call, to send  that card or to text a thought I had of you.

Its' the coldest Christmas I can remember but warmest thoughts are sent to all - Have a Merry Christmas and a Wonderful New Year.

• If you're planning to make a move but aren't sure if now's the right time, here are a few reasons why you shouldn't wait to sell your house.

• 
  

• The supply of homes for sale, while growing, is still low today. Plus, serious buyers are out looking right now, and many are hoping to avoid falling into the rental trap for another year.

• 
  
  

• Motivated Sellers are open to offers.

• 
  

• Interest rates are still reasonable.

• 
  

• Typical closing dates are 30-45 days depending on financing. 

• 
  

• Realtors are ready to help! most agents will do a market analysis with no cost and no obligation.

• 
  

• Reach out to a real estate professional to determine if selling your house before the new year is the right move for you.

Today is the day to talk about the current market and the preceding quarters.  I want to share some insights  so that we can navigate through the coming months and try to better prepare for buying and selling.

Happy Thanksgiving Season 

 If you are thinking of  waiting until spring to list, get past the holidays and the weather that comes with living in the midwest, now is the time to take your pictures. Let's be one step ahead and get the best pictures before the snow falls!   I use a professional photography service and the results are amazing! 
Here are some examples!

Deb.Fowler.C21@gmail.com

 and get free professional photography when you list with me! 

Seems like a long time ago that I started in the real estate business - 1996 to be exact.  I know

 the industry needs to change and grow, and so I feel I need to do that also.  By growing and

 expanding our knowledge, education and ways of doing business I believe that is the way to

 stay relevant in today's market.

 I recently attended the Iowa Realtors Convention in Des Moines, the instructors were among the best I have had the pleasure of listening to. 

 We have a  Realtor Code of Ethics that Realtors vow to uphold, also the standard of having continuing education ( 36 HOURS) every 3 years.  Mandatory are the Ethics and Law Update classes.

I will attach that Code of Ethics below so that you can also see what we Realtors practice in our daily business.

It's fall - time to spend some time daydreaming under a tree

https://cdn.nar.realtor/sites/default/files/documents/2022-COE-Standards-of-Practice-2021-12-15.pdf

The Scoop on Interest Rates -

Now that rates are climbing there's speculation that the housing market may crash - fortunately that is not the case.  With the limited inventory we are still experiencing there are still very qualified buyers able to purchase.  While it might be a good time to re-visit pricing as rates rise it is still a good time to list your home.  Where we previously had multiple offers and over asking  price offers that trend is re-balancing to a more level playing field.   Below is the average rates nationwide

this is Dave Ramsey's advice on what he is seeing for the housing market in the future.

https://www.youtube.com/watch?v=fORUvZNm3oo

Nationwide as of Sept 30,2022

Conventional 30 year fixed rate  7.492%

FHA  7.18 %

VA 7.25 %

While the market has been on fire this spring and summer we are starting to see a re-balance in the 

local market - a few more homes coming on the market and staying on the market longer than one

day and 10 offers!  This is good news if you are a buyer !  but  seller do not panic!  there are still a lot 

of buyers out there who are looking for your home!  

Take a look at this video from Dave Ramsey - Is the Housing Market Going to Crash? 

https://www.youtube.com/watch?v=fORUvZNm3oo&t=645s

this video is a great explanation of today's market and assures us that the market is not heading 

for a crash...

Until next time, happy buying and selling.

Deb 

It's a Sellers Market

And it's hectic and crazy.  While you might think it's an easy time, I feel  this is one of the hardest markets that I have been involved in since my start in 1996.

The reasons vary and the main reason is the demand is greater than the inventory- which of course makes for the multiple offers on many properties.  The down side is that while its' good for sellers its increasingly hard for buyers and sellers and  the agents who represent them.  Sometimes too good to be true is just that!  we still have inspections and appraisals ! 

Obviously ,only one buyer is going to purchase that home, leaving the others to continue to hunt for any opportunities.  We have to make those calls far to often to let buyers know their best offer was not accepted, call the other agents as well to to let them know when their offers are not accepted.  This all seems like easy work but I promise you it taxes you.  Making the best offer sometimes means cutting out things you would normally ask for, no guarantee it will work but many are buying with out inspections!  ( not recommended) but could be the difference in seller taking that offer. 

 Mentally we are stressed and physically we are getting worn as well.  I feel like it's hard to express the amount of emotion, the dedication, the "all in" that we feel when representing buyers and sellers.  If they feel it, we feel it.  This is not a business where just showing homes is what we do. 

As for me, I know if I am feeling the market stress, the disappointment and the anxiety are real. 

This market will likely have a re- balance as rates increase, but for now we roll with it and try to take time to care for our selves and keep our buyers and sellers in good hands. 

If you are looking for a home right now you too have probably encountered the inventory shortage.  Currently the market is showing a lower than normal inventory for homes ready to move into.  The shortage is as much from selling many more homes in the last 12-24 months than in previous years and people staying in their homes and not deciding to make a move during the pandemic, the very attractive rates and the mood of the country coming out of pandemic times.  Either way it is a historic market we are seeing now. 

Current rates are still at 4% and below - now is the time to get pre-approved or pre-qualified to purchase your home.  A non qualified buyer in this market is behind - to be competitive get that prequal and then go find the home of your dreams.
By the end of 2022 and into 2023 the forecast is predicting a potential increase in interest rate of up to 6.75% that is a determining factor in how much home you can buy!  each 1% in interest equates to about 10,000 so keep this in mind..

Happy Easter 

Be blessed, take time to enjoy family, friends and good food. 

 Having just recently attended the Century21 International convention I was struck with just how big the Century21 reach is... at the convention there were more than 62 countries represented there!

My small contribution to this global organization, however did not go unnoticed.  I was flattered several times when staff and organizers remembered my name and my company!

Imagine my surprise when I was invited to have a photo with the President and CEO of Century21 Mike Miedler- he is a great guy and has a good vision of what the future will be for Century21 not only in this country but the world.  For my self and my company we are elated to be in the line up with this well organized and visionary team of leaders.

 Those morning sounds are music to my ears.. the sounds of geese flying overhead and the formation of miles of migrating birds.  I love the sights and sounds of spring and this is just one of the signs we are getting closer to warmth and sunshine.  The robins are back and the cardinals never left! the little birds in the morning tweet and twitter! I like the sunrise and am fortunate to have a eastern view and can watch the sky change colors and the sun rise before the day takes over.  

I know the housing market is changing again and we are getting lots of new listings, this too is a sign of spring market ramping up!  If you are in the market to buy or sell - feel free to reach out for more information on how I can help with that move.

Until next time, take a moment to enjoy the sights and sounds of the spring! 

 I have to admit I know a bit about Burlington and the day to day happenings, I keep up with the newspapers and the local online chats etc.  So when I was invited to Burlington Building Bridges on Tuesday evening I was excited and a little nervous.  I knew the mission of this organization was empowering and uplifting those who had financial and personal struggles, what I had not prepared for was how amazing this team is!  Mona is an absolute rock star in her leading role with the participants as well as the other volunteers.

I came away from the experience with a new respect and admiration for these individuals and the program in it's entirety.  If you are interested in finding out more there are many opportunities available from volunteering to presenting for the group.

To find out more: https://burlingtonbuildingbridges.org/contact-us/

I feel a great pride in my community after being witness to the love and empathy that was present at this meeting.  Well done Burlington Building Bridges, I will be making more  time to make a difference in other's lives and will gain as much I give for sure.💕

Tax Season 

It's that time of year when we start searching for all the records, receipts, expenditures from 2021 and wondering... now, where did I file that (?) Or is that just me that waits until year end to round it all up- make those Quickbook
entries and hope I haven't forgotten something important~

To this I would add, I am grateful to have a tax accountant - those folks are so versed in taxes and keeping up with changing laws, keeping me from being stressed out and open to audit~ I applaud all they do... it surely is not my line of work now or ever!

Take time to thank you tax person, mail carriers, hair dresser, delivery services,  all those folks we rely on but don't thank often enough for all they do. 

 Historically January is a little slower in the real estate world - this year is no different - I imagine as a buyer this time of year is not the best time to trudge into homes and compare them to see what fits - but if you have to move in the winter - let's go!  I work with first time buyers and move up buyers, sellers and investors.  

Listings are picking up right now - so the inventory is already growing and should continue to gain momentum as we start to warm up, looking forward to both the warm up and the increase in property listings.  What can I sell for you? 

I am curious  - I know how much my home means  what does home mean to you? leave me a message and tell me what it means to you to come home and how it makes you feel.

 I am on those people who enjoys cooking... I like food and I like my own cooking. These days I tend to watch what I eat more and more.  Rarely do I find myself in line at the local fast food chains, but when I do, I am reminded why I like to cook! 

There is just something about a Sunday that makes me want to cook a big meal.  My Grandma always had Sunday dinner of steak and consomme rice with a creme de menthe grasshopper afterwards, and Grandpa would have his shot of whiskey after his meal.. I remember them both fondly and the rituals they had after 65 years of marriage. 

I am looking forward to some snow and a slow Sunday with some music and the fireplace on to cook a nice meal... maybe even a glass of wine with dinner or perhaps a grasshopper. 

🍲

Welcome to 2022  - try to imagine the world 100  years from now! and looking back at 100 years how we have changed the world! 

I enjoy this first part of the year, much like waking up early and getting the day started with a workout 5 days a week. I enjoy the discipline of it, the challenge of being accountable to myself.  

Its much the same for work, discipline and accountability to my clients.  I take this time to set my goals for the year.  Looking back at the previous year and working on the things that worked and tweaking the things that didn't.  2021 was a great year in the real estate world, I am blessed and grateful for the business.  

The goal is to become better and I am committed to that always.  I want each client feel their experience with me was unforgettable!

 Looking forward to this bright new year as I hope you are also.

 Happy New Year!  

Wishing all a happy, healthy and prosperous 2022! 

I look forward to a fantastic 2022 and invite you to call me, text or email,
as always, I appreciate your loyalty and your business.

Go to:  

to see more posts!