Creare Investment Group

08/21/2023

People Want Less Expensive Homes – And Builders Are Responding

In today’s housing market, there are two main affordability challenges impacting buyers: mortgage rates that are higher than they’ve been the past couple of years, and rising home prices caused by low inventory. To overcome those challenges, many people are working with their agents to find less expensive homes.

People Are Spending Less on Newly Built Homes

Last year, only 58% of newly built home sales were less than $500,000. This June, that number was up to 65%. This means more people are buying less expensive newly built homes right now while affordability remains a challenge.

Builders Are Offering Lower-Cost Options

Builders have picked up on this trend and are reacting accordingly. George Ratiu, Chief Economist at Keeping Current Matters, explains: “Builders are also responding to this shift by...



Message me if you'd like to talk about Real Estate!

In today’s housing market, there are two main affordability challenges impacting buyers: mortgage rates that are higher than they’ve been the past couple of years, and rising home prices caused by low inventory.

08/19/2023

Don’t Expect a Wave of Foreclosures [INFOGRAPHIC]

With ongoing high inflation pushing up everyday costs, some people are worried that'll create a flood of foreclosures. Here's why that's unlikely. Fewer people are seriously behind on mortgage payments right now. If foreclosures were going to rise a lot, more people would need to be late on their payments. Since most are paying on time, a wave isn’t coming. If you're concerned about a flood of foreclosures, the data shows that's not likely.



Message me if you'd like to talk about Real Estate!

With ongoing high inflation pushing up everyday costs, some people are worried that'll create a flood of foreclosures. Here's why that's unlikely. 

08/11/2023

Home Prices Are Back on the Rise [INFOGRAPHIC]

Looking at monthly home price data from six expert sources shows the worst home price declines are behind us, and they’re rising again nationally. If you’ve put your plans to move on pause because you were worried about home prices crashing, this rebound is good news. Let’s connect so you know what’s happening with prices in our area.



Message me if you'd like to talk about Real Estate!

Looking at monthly home price data from six expert sources shows the worst home price declines are behind us, and they’re rising again nationally.

08/10/2023

The Number of Homes for Sale Is Still Very Low

The number of homes available for sale is still very low. Let’s connect now to get your house in front of eager buyers.



Message me if you'd like to talk about Real Estate!

08/09/2023

The Value of an Agent When Buying Your New Construction Home

Buying a new construction home can be an exciting experience. But navigating the complexities of buying a home that’s under construction can also be a bit overwhelming. This is where a skilled real estate agent can make all the difference.

Here’s how your agent is an invaluable resource in your search to find and buy your new home.

Agents Know the Local Area and Market

Your agent is well-versed in the emerging communities and upcoming developments that could influence your decision. Your agent can help you find a community that perfectly aligns with your preferences, lifestyle, and future needs.

Knowledge of Construction Quality and Builder Reputation

An agent also has the expertise to evaluate the construction quality and reputation of different builders. This information can help you avoid any...



Message me if you'd like to talk about Real Estate!

Buying a new construction home can be an exciting experience.

08/08/2023

There's Only Half the Inventory of a Normal Housing Market Today

Wondering if it still makes sense to sell your house right now? The short answer is, yes. Especially if you consider how few homes there are for sale today.

You may have heard inventory is low right now, but you may not fully realize just how low or why that’s a perk when you go to sell your house.

While the housing inventory did grow slightly week-over-week, overall supply is still low. Compared to the same week last year, supply is down roughly 10% – and it was already considered low at that time. But, if you look further back, you’ll see inventory is down even more significantly.

To gauge just how far off from normal today’s inventory is, let’s compare right now to 2019 (the last normal year in the market). When you compare the same week this year with the matching week in 2019, supply is...



Message me if you'd like to talk about Real Estate!

Wondering if it still makes sense to sell your house right now?

08/07/2023

Four Ways You Can Use Your Home Equity

If you’re a homeowner, odds are your equity has grown significantly over the last few years. Equity builds over time as home values grow and as you pay down your home loan.

Here are a few examples of how you can put your home equity to work for you.

1. Buy a Home That Fits Your Needs

If your current space no longer meets your needs, it might be time to think about moving to a bigger home. And if you've got too much space, downsizing to a smaller home could be just right. Either way, you can put your equity toward a down payment on a home that fits your changing lifestyle.

2. Reinvest in Your Current Home

Renovations are a great option if you want to change your living space, but you aren’t yet ready to make a move. But it's important to consider the long-term benefits certain upgrades can bring to your home’s value.

3...



Message me if you'd like to talk about Real Estate!

If you’re a homeowner, odds are your equity has grown significantly over the last few years.

08/05/2023

Housing Market Forecast for the Rest of 2023 [INFOGRAPHIC]

Want to know what experts say will happen in the rest of 2023? Home prices are already appreciating again in many areas. The average of the expert forecasts shows positive price growth. Where mortgage rates go for the rest of the year will depend on inflation. Based on historical trends, rates are likely to ease as inflation continues to cool. Even though low inventory continues to be a challenge, experts project 5 million homes will still sell this year. That pace should pick up if rates come down.



Message me if you'd like to talk about Real Estate!

Want to know what experts say will happen in the rest of 2023?

08/04/2023

Home Prices Are Making a Comeback

Home prices are making a comeback. Let’s connect so you can stay up to date on prices in our area.



Message me if you'd like to talk about Real Estate!

08/03/2023

Reluctant to list your house because you’re not sure if homes are selling right now? Based on current home sales data, roughly 11,000 homeowners are selling their homes daily. That’s over 450 an hour or eight homes every minute. But here's the key: your house won't sell if we don't list it. DM me today to get started.



Message me if you'd like to talk about Real Estate!

08/02/2023

How To Know If You’re Ready to Buy a Home

If you’re trying to decide if you’re ready to buy a home, there’s probably a lot on your mind.

Instead of trying to time the market, it may help to focus on what you can control. Here are a few questions that can give you clarity on whether you’re ready to make your move.

1. Do You Have a Stable Job?

One thing to consider is how stable you feel your employment is. Buying a home is a big purchase, and you’re going to sign a home loan stating you’re going to pay that loan back. That can feel like a big obligation. Knowing you have a reliable job and income coming in can help put your mind at ease.

2. Have You Figured Out What You Can Afford?

To make sure you have a good idea of what you’ll need to save and what you can expect to spend on your monthly payment, talk to a trusted lender. They’ll be able to tell you about the pre...



Message me if you'd like to talk about Real Estate!

If you’re trying to decide if you’re ready to buy a home, there’s probably a lot on your mind.