Chess Moves Consultants

03/04/2021

Such great and educational information for anyone who's in the market to buy a home. 🏡

Today's housing market makes it difficult to afford a home. But there are ways housing professionals can meet the needs of potential buyers.

03/04/2021

This article has great mortgage tips and advice for first-time and seasoned home buyers. 👍

First-time home-buyer? Check out these 15 mortgage tips that will make the process run smoothly and could save you thousands of dollars.

03/04/2021

If you're hoping to buy or sell a home in 2021 and want a better understanding of what lies ahead, read this article!

The housing market has experienced so many changes within the past year, including some that have never been seen before. Thirty-year mortgage rates hit historic lows at 2.65% the week ending Jan. 7,...

03/04/2021

Are you planning to buy a home? It's a great move to make right now, but today's market is highly competitive. The average home is only on the market for a few weeks and receives several offers from competing buyers. 🏡

Having an expert on your team to coach you through the process is essential, so let's connect today to learn how to win big this spring. 👍

03/03/2021

Must-know information for anyone who is about to start the mortgage refinance process.

Low interest rates mean now is a great time to refinance. Use this checklist when refinancing your mortgage to make sure you get the best rate.

03/03/2021

This is such a beautiful home! Would you want to live in the 2021 HGTV Dream Home? 🤔

See every stunning space from HGTV Dream Home 2021, a grand coastal escape packed with high-end design and located in Newport, Rhode Island.

03/03/2021

Here is a very special shout-out to Gary Sinise for launching a mental health wellness network that provides transformative care, treatment, and training to veterans and first responders!

Gary Sinese launches mental health wellness network to provide transformative care, treatment, and training to veterans and first responders.

03/03/2021

Here is a powerful quote from the legend himself, , that you can use as motivation throughout your workweek. 💪

03/02/2021

Home Prices: What Happened in 2020? What Will Happen This Year?

The real estate market was on fire during the second half of 2020. Buyer demand was way up, and the supply of homes available for sale hit record lows. The price of anything is determined by the supply and demand ratio, so home prices skyrocketed last year. Dr. Lynn Fisher, Deputy Director of the Federal Housing Finance Agency (FHFA) Division of Research and Statistics, explains:

“House prices nationwide recorded the largest annual and quarterly increase in the history of the FHFA Home Price Index. Low mortgage rates, pent up demand from homebuyers, and a limited housing supply propelled every region of the country to experience faster growth in 2020 compared to a year ago despite the pandemic.”

Here are the year-end home price appreciation numbers from the FHFA and two other prominent pricing indexes:

-Federal Housing Finance Agency House Price Index Report: 10.8%
-CoreLogic Home Price Insights: 9.2%
-S&P Case-Shiller U.S. National Home Price Index: 10.4%

The past year was truly a remarkable time for homeowners as prices appreciated substantially. Lawrence Yun, Senior Economist at the National Association of Realtors (NAR), reveals:

“A typical homeowner in 2020, just by being a homeowner, would have accumulated around $24,000 in housing wealth.”

What will happen with home prices this year?

Many experts believe buyer demand will soften somewhat as mortgage rates are poised to bump up slightly. Some also believe the inventory challenge will ease as more listings come to market this year.

Based on this, most forecasters anticipate we’ll see strong appreciation in 2021 – but not as strong as last year. Here are seven prominent groups and their projections:

Bottom Line
Home price appreciation will be strong this year, but it won’t reach the historic levels of 2020. Let’s connect if you’d like to find out what your house is currently worth in our local market.

03/02/2021

This is a great article on how to encourage the younger generations to become homeowners! 🏡

Despite what many believe, younger home shoppers do want to become homeowners and they’re excited by the prospect. Here's how the housing industry can help:

03/02/2021

Being informed before entering the home buying process is very important. To ensure that you're well informed on the home buying process, make sure to read this article.

Buying a home might be the first step you take toward building long-term wealth. But before you do, it is essential to understand the pros and cons.

03/02/2021

🏡 Home Buying Tip 🏡

Make the Most of Open Houses 😄

SHARE this post if you found this Home Buying Tip useful 📲