Sandy Albanese

Selling Your House? Make Sure You Price It Right. Even in today’s red-hot sellers’ market, it’s important to price your house right. While it may be tempting to price your house on the high side to capitalize on this trend, doing so could limit your house’s potential. Here’s the thing a high price tag doesn’t mean you’re going to cash in big on the sale. While you may be trying to maximize your return, the tradeoff may be steep. A high list price is more likely to deter buy...ers, sit on the market longer, or require a price drop that can raise questions among prospective buyers. Instead, focus on setting a price that’s fair. Real estate professionals know the value of your home. By pricing your house based on its current condition and similar homes that have recently sold in your area, your agent can help you set a price that’s realistic and obtainable and... #Sellyourhouse #moveuphome #dreamhome #realestate Keeping current Matters!

A Look at Home Price Appreciation Through 2025 Home prices have increased significantly over the last year, which has in turn grown the net worth of homeowners. Appreciation and home equity are directly linked as the value of a home increases, so does a homeowner’s equity. And with these recent gains, homeowners are witnessing their financial stability and well-being grow to record levels. In more good news for homeowners, the most recent Home Price Expectations Survey a ...survey of a national panel of over one hundred economists, real estate experts, and investment and market strategists forecasts home prices will continue appreciating over the next five years, adding to the record amount of equity homeowners have already gained over the past year. Home prices are climbing today, and the data in the survey indicates they’ll continue to increase, but at rates... #realestate #homeownership #homebuying #realestategoals Keeping current Matters!

Home Builders Ramp Up Construction Based on Demand If you’re having a hard time finding a home to buy, it may be time for us to talk about a newly built home. Early indicators show new-home construction is beginning to ramp up. While new homes alone won’t be able to fix all of the inventory challenges, this does mean you’ll soon have more options as you search for a home. As a buyer, a newly built home may be exactly what you’re looking for it’s brand new, and with builder ...customization options, it’s uniquely yours from the ground up. Housing starts reached their highest level since 2006 in March of this year an encouraging sign for the industry. While they dipped slightly in April, Evangelou reiterates that the level of housing construction is heading in a positive direction compared to recent years, we are currently building 24% more homes than we... #realestate #homeownership #homebuying #realestategoals Keeping current Matters!

Happy Independence Day! Wishing you a happy and safe Independence Day. #fourthofjuly #julyfourth #independenceday #independence... Keeping current Matters!

Are We in a Housing Bubble? Experts Say No. The Joint Center for Housing Studies: conditions today are quite different than in the early 2000s, particularly in terms of credit availability. The current climb in house prices instead reflects strong demand amid tight supply, helped along by record-low interest rates.... Nathaniel Karp, Chief U.S. Economist at BBVA: The housing market is in line with fundamentals as interest rates are attractive and incomes are high due to fiscal stimulus, making debt servicing relatively affordable and allowing buyers to qualify for larger mortgages. Underwriting standards are still strong, so there is little risk of a bubble developing. Bill McBride of Calculated Risk: It’s not clear at all to me that things are going to slow down significantly in the near future. In 2005, I had a strong sense that the hot market would turn... #realestate #homeownership #homebuying #realestategoals Keeping current Matters!

What Do Experts See on the Horizon for the Second Half of the Year? As we move into the latter half of the year, questions about what’s to come are top of mind for buyers and sellers. Near record-low mortgage rates coupled with rising home price appreciation kicked off a robust housing market in the first half of 2021, but what does the forecast tell us about what’s on the horizon? Mortgage Rates Will Likely Increase, but Remain Low... Many experts are projecting a rise in interest rates. However, even as mortgage rates rise, the anticipated increase is expected to be modest at most, and still well below historic averages. Rates remaining low is good news for homebuyers who are looking to maximize their purchasing power. Home Price Appreciation Will Continue, but Price Growth Will Likely Slow Experts remain optimistic about home prices, too. Joe Seydl, Senior Markets... #realestate #homeownership #homebuying #realestategoals Keeping current Matters!

What To Expect as Appraisal Gaps Grow In today’s real estate market, low inventory and high demand are driving up home prices. As many as 54% of homes are getting offers over the listing price, based on the latest Realtors Confidence Index from the National Association of Realtors (NAR). Shawn Telford, Chief Appraiser at CoreLogic, elaborates: The frequency of buyers being willing to pay more than the market data supports is increasing.... While this is great news for today’s sellers, it can be tricky to navigate if the price of your contract doesn’t match up with the appraisal for the house. It’s called an appraisal gap, and it’s happening more in today’s market than the norm. According to recent data from CoreLogic, 19% of homes had their appraised value come in below the contract price in April of this year. That’s more than double the percentage in each of the two... #expertanswers #stayinformed #staycurrent Keeping current Matters!

Why Not to Wait Until Spring to Make a Move The housing market recovery coming into the new year has been nothing short of remarkable. Many experts agree the turnaround from the nation’s economic pause is playing out extremely well for real estate, and the current market conditions are truly making this winter an ideal time to make a move. Here’s a dive into some of the biggest wins for homebuyers this season. 1. Mortgage Rates Are Historically Low In 2020, mortgage rates hit... all-time lows 16 times. Continued low rates have set buyers up for significant long-term gains. In... #realestate #homeownership #homebuying #realestategoals Keeping current Matters!

3 Must-Do’s When Selling Your House This Year It’s exciting to put a house on the market and to think about making new memories in new spaces. However, despite the anticipation of what’s to come, we can still have deep sentimental attachments to the home we’re leaving behind. Growing emotions can help or hinder a sale depending on how we manage them. When it comes to the bottom line, homeowners need to know what it takes to avoid costly mistakes when it’s time to move. Being ...mindful and prepared for the process can help you stay on the right track when selling your house this... #expertanswers #stayinformed #staycurrent Keeping current Matters!

Here's to a Wonderful 2021! #HNY #HappyNewYear #2021 #realestateresolutions Keeping current Matters!

Four Expert Views on the 2021 Housing Market The housing market was a shining star in 2020, fueling the economic turnaround throughout the country. As we look forward to 2021, can we expect real estate to continue showing such promise? Here’s what four experts have to say about the year ahead. Lawrence Yun, Chief Economist, National Association of Realtors (NAR) In 2021, I think rates will be similar or modestly higher, maybe 3%...So, mortgage rates will continue to be histo...rically favorable. Danielle Hale, Chief Economist, realtor.com We expect sales to grow 7 percent and prices to... #expertanswers #stayinformed #staycurrent Keeping current Matters!

Why Selling Your House on Your Own in 2021 Is a Mistake There are many benefits to working with a real estate professional when selling your house. During challenging times, like what we face today, it becomes even more important to have an expert you trust to help guide you through the process. If you’re considering selling on your own, known in the industry as a For Sale By Owner (FSBO), it’s critical to consider the following items. 1. Your Safety Is a Priority Your safety... should always come first, and that’s more crucial than ever given the current health situation in our country... #expertanswers #stayinformed #staycurrent Keeping current Matters!

More Generations Are Living Under One Roof This Year This year challenged us to reprioritize everything - from the way we use our time to where we work, how we socialize and gather together, and our needs at home. For many, this also meant making decisions about how to best support and engage with our extended families, near and far. In some cases, we weren’t able to see our relatives and loved ones who were living in senior facilities. In others, maybe older children moved b...ack home. Jessica Lautz, Vice President of Demographics and Behavioral Insights for the National... #realestate #homeownership #homebuying #realestategoals Keeping current Matters!