Real Estate Market Archives - Elite Properties Direct

Effect of the Government’s Foreclosure Avoidance Programs on the Housing Market

We are seeing changes in foreclosures, especially as state and federal governments are putting more protections in place to reduce the likelihood of homeowners losing their properties in foreclosure. Recently, there has been some talk about the government’s foreclosure avoidance programs and…

Inventory Still an Issue in 2024?

In today’s video, I want to talk about why real estate inventory is still an issue. Last year in 2023, we saw a dramatic increase in interest rates. Everyone knows it and the news has been talking about it. But what we…

What Happens When You Remove a Contingency?

Contingencies involve buyers and sellers negotiating terms and conditions under a set timeline. For buyers, contingencies give you time to assess the property thoroughly and see if it’s something you want to put your money behind. Sellers eagerly await the contingency period…

Inventory Levels in Real Estate: Why It Matters for Home Buyers and Sellers

Understanding inventory levels and their pivotal role in real estate prices can help you determine when is the right time to buy a house. Since the 2008 real estate meltdown, the market has experienced notable shifts in supply and demand. Let’s explore…

Unveiling the Hidden Benefits of Homeownership

Owning a home is a sign of stability and sound investment strategies. But what are some hidden benefits people do not talk about as much? Beyond the obvious perks of having a place to call your own, let’s talk about some lesser-known…

Success Stories: Purchasing Real Estate As an Investment

You may wonder, is it even worth investing in real estate if you can only afford to put 10% down? The truth is that real estate appreciates each year. Whether you pay for it in cash or have a loan on your…

Where Is the Opportunity in a High-Interest Environment?

Interest rates are higher than they’ve been in the past. So, where is the opportunity in buying a home while interest rates are high? The good news is there is always room for changing your interest rates by refinancing later. Why not…

How to Maintain Expectations When Selling a Home

There is a lot that goes into a real estate transaction, which is why it’s essential to ensure that you are working with an experienced agent for assistance. A pro can help you maintain realistic expectations, and also structure the deal to…

What You Need to Know About Rising Interest Rates

It always seems to be a roller coaster ride when it comes to interest rates – the numbers go up and down over the years. Currently, rates are going up, which means that the interest costs on a loan are higher. Ask…

Is the Real Estate Market Going to Crash?

With real estate prices at an all-time high, many people are wondering if the end is in sight. Are these current trends sustainable? Will the market crash? It feels like 2008 all over again, which has homeowners wondering if we’ve reached the…

How Much Does Inventory Affect the Real Estate Market?

It’s normal and expected for real estate inventory to go up and down over the years, and these fluctuations impact home prices and availability. It all comes down to supply and demand: if home inventory is low, then competition goes up and…

We All Want to Know, When Is a Housing Crash Coming?

Is the housing crash coming? And if so, when is it going to occur? I hear this question all the time! This is a topic that is being discussed throughout the country as families are facing high costs and rising interest rates…

What Does It Mean When It’s a Seller’s Market?

Right now, the housing market is in the seller’s favor, which is why we call it a seller’s market. You will find that you have to fight for a home by entering a bidding war, waiving the inspection or appraisal, or making…

Why Are There Not Enough Homes for Sale?

What is up with 32-year-olds messing up our housing inventory? It’s true that our current housing inventory issues can be affected by first-time homebuyers. Today, I want to break this down so you can understand what is going on in the real…

Interest Rates are Going Up: What it Means for Home Buyers

After many years of low interest rates, we are starting to see increases in the mortgage rates. As inventory stays low and demand continues to hold strong, is it likely that interest rates will continue increasing? If you’re thinking about buying or…

Why Sellers Call the Shots in the Current Market

It is a seller’s market where they can call the shots with appraisals, inspections, and no concessions, while buyers have to agree in order to win a bid on a house. So why do sellers have the advantage? And how can you…

Should You Worry about Interest Rates Going Up?

In recent years, we’ve seen a lot of ups and downs with interest rates for home loans. Right now, rates are going up, which means that you can expect higher interest costs now compared to a year ago. Will these rates continue…

Should You Hire a Stager When Selling a Home

You are getting ready to put your home on the market. It’s both exciting to consider new opportunities, and sentimental to think about moving away from a home where you’ve created so many memories with your loved ones. As you are preparing…

How to Get Your Offer Accepted

It is challenge to get an offer accepted in today’s competitive real estate market. So today, I want to talk a little about the things you can do to get your offer accepted right now. Addressing an Appraisal Shortage One of the…

Appraisal Waivers & Your Down Payment

How can you sign an appraisal waiver on an offer and still have the same out-of-pocket costs? Today, I want to talk about appraisal waivers in relation to your down payment. Are you putting down 10%, 15%, 20% or more on your…

Will the Market Crash Soon?

As home prices continue to rise, the most common question asked is if we are headed for another crash like the crash that happened in 2008. A few factors provide evidence that today’s housing market is not the same as 2008’s real…

Inventory: How it Affects the Real Estate Industry

As inventory ebbs and flows over the years, it has an undeniable impact on the real estate market. It’s a basic principle of supply and demand: when there aren’t many homes available, then buyers are willing to pay more to get…

Help Me on Yelp by Leaving a Review!

It is vital in the real estate business and all businesses to have several customer reviews available. Finding a new company is difficult, but it’s made easier when you have real-person reviews that back up the company’s reputation. We would love for…