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3 Things to know in the Housing Market Today
3 Things to Know in the Housing Market Today!
A lot is happening in the world, and it's having a direct impact on the housing market. The reality is this: some of it is positive and some of it may be negative. Some we just don't know yet.
The following three areas of the housing market are critical to understand: interest rates, building materials, and the outlook for an economic slowdown.
1. Interest Rates
One of the most important things to consider when buying a home is the interest rate you will be charged to borrow the money. In our
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Are you about to become an Empty Nester?
There comes a time when we all have to think about the empty Next and downsizing. If this sounds familiar, maybe it is time to have a conversation. Please check out our video for a few ideas.
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New Research Shows Housing Is Affordable For First-Time Buyers
Home prices have been on the rise for the last seven years, leading many housing market analysts to conclude that first-time homebuyers are being shut out of the market due to affordability concerns.
The National Association of Realtors (NAR) reports on the percentage of First-Time Home Buyers (FTHB) on a monthly and yearly basis. Their latest report shows that FTHB's made up 33% of buyers in March, which matches their reported share in 2018.
NAR uses survey data from their members to come up with this statistic, so their results do no...
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Real Estate Market
At Farrell Smyth we have recently updated our mobile app to provide our customers with the best, most up to date information on the Real Estate market in San Luis Obispo and Northern Santa Barbara Counties.
Because our app pulls information direct from our Local Multiple Listing System, you will get the most updated information available.. In addition, because our California Regional MLS system extends to many areas of California, you may also be able to get information on the other areas covered.
At any rate, you can use the link below, or scan the QR Code to get the app. The other option is go to the Play Store or I tunes Store and down load the FREE app.
Please enjoy.
https://app.farrellsmyth.com/fsre/
