Are you considering selling your home but unsure how long the process might take? It’s a common question, and understanding market conditions is key to setting realistic expectations.
As we move into September, all eyes are on the Federal Reserve (the Fed), with widespread expectations that they’ll cut the Federal Funds Rate at their upcoming meeting. This is largely driven by recent signs of cooling inflation and a slowdown in the job market.
Selling a home is one of the most significant decisions you’ll ever make. It’s more than just a transaction; it’s about letting go of a place where memories were made and stories were lived. Whether you’re downsizing, upgrading, or moving to a new city, the process of selling a home can be both exciting and daunting.
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: […]
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
You need a REALTOR® on your side for your next real estate transaction, whether you’re selling, buying, or both. Here are 5 of the top reasons REALTORS have local market knowledge Realtors have access to a wealth of information about the local real estate market, including recent sales data, pricing trends, and neighborhood insights. This […]
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
Price history To look at the history of single-family home sales in Portsmouth, New Hampshire I went back 19 years to get a good timeline of what’s been happening with prices. The chart above represents the median sales price of single-family Portsmouth homes from January 2005 through February 2024. The median price means that half […]
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.
Home prices are alive and well in Portsmouth, New Hampshire Based on what you’re hearing in the news about home prices, you may be worried they’re falling. But here’s the thing. The headlines aren’t giving you the full picture. If you look at the national data for 2023, home prices actually showed positive growth for the year. While this varies […]
