If you’ve seen recent headlines about falling median home prices, you might wonder if values are declining. But here’s the truth: home values are still on the rise, even if the median price appears lower. Let’s look closer to understand the bigger picture.
As the Portsmouth, NH housing market continues to draw attention, residents and potential buyers are naturally concerned about the possibility of a housing market crash, fluctuating mortgage rates, and whether it’s a buyer’s or seller’s market. Local real estate experts Ann Cummings and Jim Lee shed some light on these critical issues Myth 1. Will […]
The housing market is going through a transition. Higher mortgage rates are causing more moderate buyer activity while the supply of homes for sale grows. You may not realize these changes if you aren’t working with local REALTORS® like Ann Cummings and Jim Lee in Portsmouth, NH, and the New Hampshire Seacoast. Here’s the downside: […]
Time to get out the Ann & Jim real estate crystal ball again and see what the local future holds for Portsmouth and the New Hampshire Seacoast.
Avoid common pitfalls in the home buying process with expert advice from Jim Lee and Ann Cummings at RE/MAX Shoreline in Portsmouth. Learn about the four biggest mistakes homebuyers make and how to avoid them
Key Facts: Learn how upgrading to LED lighting and smart thermostats can significantly reduce energy usage and lower utility bills. Discover how smart appliances and window coverings can improve convenience and control over your home’s environment. Explore how sustainable landscaping and water-saving fixtures not only save money but also add to your home’s market appeal […]
Do you know how much equity you have in your current home? Your equity is the difference between your current mortgage balance and the price your home would sell for in today’s market. Over the years you gain equity as you pay down your mortgage and home values rise. According to CoreLogic, the average homeowner […]
More than a third (38%) of builders say they built smaller homes in 2023
Navigating the world of real estate can be daunting, especially with the industry-specific jargon used by professionals. Whether you are looking to buy or sell a home, understanding common real estate terms is essential. As your dedicated real estate experts, we’re here to break down the most important terms you’ll encounter, ensuring you’re well-prepared for […]
A bridge loan is a temporary loan that helps “bridge” a gap for you. It can allow you to buy a new home before you sell your old one. You can borrow money based on the equity in your current home to use for the down payment on your new home. Then, when you sell your old home, you can use the money to pay off the bridge loan.
What Are Experts Saying About the Spring Housing Market?
We hear questions like this one often these days.
“I’m thinking of selling my home in Portsmouth but the value has increased substantially since we bought it. Will we have to pay a lot of taxes if we sell?”
What Are Some Things My Buyer’s Agent Can Do For Me?
Glad you asked, here are just a few from a very long list:
If you want to buy a home, you should know your credit score is a critical piece of the puzzle when it comes to qualifying for a mortgage. Lenders review your credit to see if you typically make payments on time, pay back debts, and more. Your credit score can also help determine your mortgage rate.
Two big factors are keeping such strong upward pressure on home prices. The first is how few homes are for sale right now.
