Whitney Minnich Real Estate and Community Updates

Reasons Your Listing Is Still for Sale These four tips will provide meaningful sales meeting fodder to help agents understand why a property is taking longer than expected to sell—and what they can do about it. January 30, 2019   by   Kaycee Miller Even though existing-home sales increased in October and November, there was a decrease of 6.4 percent in December. Now,  experts across the country  are predicting a continued shift towards a buyer’s market in the months ahead. But that doesn’t your listed properties shouldn’t be getting attention from the right potential buyers. If several of your company’s listings are sitting idle, it might be time to reconsider some sales strategies. We as real estate professionals can’t control the nation’s housing market, but we can take a step back and assess why a listing might not be selling. At your next sales meeting, share these common reasons a property might be taking longer than expected to sell a...

It looks like this year could be a buyer's market for real estate as higher rates weigh on prices Home values in November were 5.1 percent higher compared with November 2017, according to a report released Wednesday by CoreLogic. But that is down from the 5.4 percent annual gain seen in October. The slowdown in asking prices comes as sellers face a new reality of higher interest rates and affordability worries among potential buyers. CoreLogic is now projecting a smaller, 4.8 percent gain in November 2019. Diana Olick |  @DianaOlick Published 11:26 AM ET Wed, 2 Jan 2019   Updated 2:14 PM ET Wed, 2 Jan 2019 It looks like 2019 could be a buyer's market in real estate, but that's not necessarily a good sign for the economy. Home prices, while still higher than a year ago, are pulling back in most major markets, according to a report released Wednesday. Values in November were 5.1 percent higher compared with November 2017, CoreLogic said. That is d...

Buying and selling a home will become more difficult in 2019 Affordability to diminish November 28, 2018 Kelsey Ramírez Buying and selling a home is about to get a lot more difficult in 2019, or so says one expert in her forecast for next year. Realtor.com explained that rising interest rates and home prices will overshadow any inventory increases in the year to come. In fact, affordability is set to worsen, making it more difficult to buy or sell a home in 2019. The forecast predicts mortgage interest rates will average 5.3% and hit 5.5% by the end of 2019. That would make the average home purchase 8% more expensive per month than in 2018. Home price growth is also expected to continue, rising slowly at a rate of 2.2% over the year. Inventory increases will also remain moderate with a less than 7% projected increase. The result will be a 2% decline in home sales, realtor.com predicted. “Inventory will continue to increase next year, but unless there is a major...