If you’re a homeowner, odds are your  equity   has grown significantly over the last few years as home prices skyrocketed and you made your monthly mortgage payments.  Home equity  builds over time and can help you achieve certain goals. According to the latest Equity Insight report  from  CoreLogic ,   the average borrower with a home loan has almost $300,000 in equity right now . As you weigh your options, especially in the face of inflation and talk of a recession, it’s important to understand your assets and how you can leverage them. A real estate professional is the best resource to help you understand how much home equity you have and advise you on some of the ways you can use it.  Here are a few examples. 1. Buy a Home That Fits Your Needs   If you no longer have the space you need, it might be time to move into a larger home. Or it’s possible you have  too much  space and need something ...

  Each year, homeowners planning to make a move are faced with a decision:   sell their house  during the holidays  or wait.   And others who have already listed their homes may think about removing their listings and waiting until the new year to go back on the market. The truth is many buyers want to purchase a home for the holidays, and your house might be just what they’re looking for.  Here are five great reasons you shouldn’t wait to sell your house. 1.  While the Supply of homes for sale has increased this year, there still aren’t enough homes on the market to keep up with buyer demand. As Nadia Evangelou, Senior Economist & Director of Forecasting at the  National Association of Realtors  (NAR), explains: “There’s still this gap between demand and supply because we were underbuilding for many years. . . .  So now we see demand is slowing, but it still outpaces supply.” 2.  Serious homebuyers are out lookin...

   If you are  selling your house , you’re likely hearing about the cooling housing market and wondering what that means for you. While it’s not the peak intensity we saw during the pandemic, we’re still in a sellers’ market. That means you haven’t missed your window.   Realtor.com  explains : “. . . while prospective home sellers may lament that they missed their prime window, in reality,  this is still a terrific time to sell. In fact, according to a recent Realtor.com® home seller survey, 95% of sellers who sold their home in the past year got more than they paid for it. Nonetheless, some of the more prominent pandemic trends have changed, so  sellers might wish to adjust accordingly to get the best deal possible.” The key to success today is being realistic and working with a trusted real estate advisor who can help you set your expectations based on where the market is now, not where it was over the past few years. Here are a few things experts sa...

  There’s no denying the housing market is undergoing a shift this season, and that may leave you with some questions about whether it still makes sense to  sell your house . Here are three of the top questions you may be asking – and the data that helps answer them – so you can make a confident decision. 1. Should I Wait To Sell? Even though the supply of homes for sale has increased in 2022, inventory is still low overall. That means it’s still a sellers’ market. The graph below helps put the inventory growth into perspective. Using data from the  National Association of Realtors  (NAR), shows just how far off we are from flipping to a buyers’ market: While buyers have regained some negotiation power as inventory has grown, you haven’t missed your window to sell. Your house could still stand out since inventory is low, especially if you list now while other sellers hold off until after the holiday rush and the start of the new year. 2....

  Cynthia Eastwood - President/Broker of Bello Sol Inc-West USA Realty of Prescott states.   If you’re thinking of buying a home and living with siblings, parents, or grandparents, then multigenerational living may be for you. The  Pew Research Center   defines a multigenerational household as a home with two or more adult generations. And the number of individuals choosing multigenerational living has increased over the past 50 years. As you consider this option for your own home search, know it could help you on your homeownership journey and provide you with other incredible benefits along the way. Living with Loved Ones Could Help You Achieve Your Homeownership Goals There are several reasons people choose to live in a multigenerational household, and for many, the arrangement is a personal one. But according to the Pew Research Center, the top reason people choose to live together today is financial. A recent study for home buying from...

   If you put a pause on your home search because you weren’t sure where you’d go once you  sold your house , it might be a good time to get back into the market. If you’re willing to work with a trusted agent to consider a newly built home, you may have even more options and incentives than you realize. That may be why the   National Association of Home Builders   (NAHB)  says   the share of buyers looking for new construction is increasing: “According to the quarterly Housing Trends Report, the popularity of new construction homes is continuing to rebound . . .” Here are a few reasons more buyers may be drawn to newly built homes. More Options To Choose from and Potential Builder Incentives When looking for a home, you can choose between existing homes (those that are already built and previously owned) and newly constructed ones. While the inventory of existing homes has increased this year, it’s still below more typical years like 2019. C...