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Category: Pricing

    Homeownership Builds Your Wealth over Time [INFOGRAPHIC]

    By Tribeca NW | January 27, 2023

    Some Highlights If you’re thinking of buying a home this year, be sure to factor in the long-term benefits of homeownership. On average, nationwide, home prices appreciated by 288.7% over the last 32 years. That means homeowners grow their net worth significantly in the long term. Read More

    The 3 Factors That Affect Home Affordability

    By Tribeca NW | January 24, 2023

    If you’ve been following the housing market over the last couple of years, you’ve likely heard about growing affordability challenges. But according to experts, the key factors that determine housing affordability are projected to improve this year. Selma Hepp, Executive, Deputy Chief Economist at CoreLogic, shares: Read More

    Want To Sell Your House? Price It Right.

    By Tribeca NW | January 23, 2023

    Last year, the housing market slowed down in response to higher mortgage rates, and that had an impact on home prices. If you’re thinking of selling your house soon, that means you’ll want to adjust your expectations accordingly. As realtor.com explains: Read More

    What’s Really Happening with Home Prices? [INFOGRAPHIC]

    By Tribeca NW | January 20, 2023

    Some Highlights If you’re thinking about selling your house, recent headlines about home prices falling month-over-month may have you second guessing your decision—but perspective matters. While home prices are down slightly month-over-month in some markets, home values are still up almost 10% nationally on a year-over-year basis. A nearly 10% gain is still dramatic compared to the more normal level of appreciation, which is 3-4%. Read More

    Have Home Values Hit Bottom?

    By Tribeca NW | January 18, 2023

    Whether you’re already a homeowner or you’re looking to become one, the recent headlines about home prices may leave you with more questions than answers. News stories are talking about home prices falling, and that’s raising concerns about a repeat of what happened to prices in the crash in 2008. Read More

    What To Expect From the Housing Market in 2023

    By KCM Crew | December 21, 2022

    The 2022 housing market has been defined by two key things: inflation and rapidly rising mortgage rates. And in many ways, it’s put the market into a reset position. As the Federal Reserve (the Fed) made moves this year to try to lower inflation, mortgage rates more than doubled – something that’s never happened before […] Read More

    Homeowners Still Have Positive Equity Gains over the Past 12 Months

    By KCM Crew | December 20, 2022

    If you’re a homeowner, your net worth got a big boost over the past few years thanks to rapidly rising home prices. Here’s how it happened and what it means for you, even as the market moderates. Equity is the current value of your home minus what you owe on the loan. Because there was […] Read More

    What’s Going on with Home Prices? Ask a Professional.

    By KCM Crew | December 6, 2022

    If you’re thinking about buying or selling a home this year, you may have questions about what’s happening with home prices today as the market cools. In the simplest sense, nationally, experts don’t expect prices to come crashing down, but the level of home price moderation will depend on factors like supply and demand in […] Read More

    What’s Ahead for Mortgage Rates and Home Prices?

    By KCM Crew | November 9, 2022

    Now that the end of 2022 is within sight, you may be wondering what’s going to happen in the housing market next year and what that may mean if you’re thinking about buying a home. Here’s a look at the latest expert insights on both mortgage rates and home prices so you can make your […] Read More

    Key Factors Affecting Home Affordability Today

    By KCM Crew | November 7, 2022

    Every time there’s a news segment about the housing market, we hear about the affordability challenges buyers are facing today. Those headlines are focused on how much mortgage rates have climbed this year. And while it’s true rates have risen dramatically, it’s important to remember they aren’t the only factor in the affordability equation. Here […] Read More