Cindy Broderick Realty

Check this out! 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... #realestate #homeownership #homebuying #realestategoals See more

Check this out! What Are the Benefits of a 20% Down Payment? If you’re thinking of buying a home this year, you may be wondering how much money you need to come up with for your down payment. Many people may think it’s 20% of the loan to secure a mortgage. While there are plenty of lower down payment options available for qualified buyers who don’t want to put 20% down, it’s important to understand how a larger down payment can have great benefits too.... The truth is, there are many programs available that allow you to put down as little as 3.5%, which can be a huge benefit to those who want to... #firsttimehomebuyer #buyingahome #downpayment #opportunity

Check this out! It’s a Sellers’ Market [INFOGRAPHIC] Some Highlights... Over the past year, homeowners have gained an unprecedented opportunity to sell with great success while buyer demand is soaring. With homes selling twice as fast as they did last year at this time, getting multiple offers, and rising in price, homeowners are in the driver’s seat. Let’s connect today if you’re ready to learn about the leverage you have as a seller in today’s housing market. #Sellyourhouse #moveuphome #dreamhome #realestate

Check this out! Are There Going to Be More Homes to Buy This Year? If you’re looking for a home to purchase right now and having trouble finding one, you’re not alone. At a time like this when there are so few houses for sale, it’s normal to wonder if you’ll actually find one to buy. According to the National Association of Realtors (NAR), across the country, inventory of available homes for sale is at an all-time low the lowest point recorded since NAR began tracking this ...metric in 1982. There are, however, more homes expected to hit the market later this year. Let’s break down the three key places... #Sellyourhouse #moveuphome #dreamhome #realestate See more

Check this out! How Much Leverage Do Today's House Sellers Have? The housing market has been scorching hot over the last twelve months. Buyers and their high demand have far outnumbered sellers and a short supply of houses. According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), sales are up 23.7% from the same time last year while the inventory of homes available for sale is down 25.7%. There are 360,000 fewer single-family homes f...or sale today than there were at this time last year. This increase in demand coupled with such limited supply is leading to more... #realestate #homeownership #homebuying #realestategoals See more