Tina Thoits, Realtor Bre#02045609

Owning a Home Has Distinct Financial Benefits Over Renting [INFOGRAPHIC] When you rent, you build your landlord’s wealth, your monthly payment depends on ever-rising rents, and you don’t benefit from home price appreciation. On the other hand, when you own your home, you build your own wealth, your monthly payment is locked in, and you benefit directly from home price appreciation. If you’re feeling the challenges of a competitive market, remember that homeownership is a long...-term game. Persevering today will lead to financial rewards in the future. #firsttimehomebuyer #opportunity #housingmarket Have questions? Don't be shy, Call, Text or Email!

Housing Wealth: The Missing Piece of the Affordability Equation Skyrocketing prices are causing some to start questioning affordability in the current housing market. Many are quick to emphasize the fact that homes today are less affordable than they were last year. Black Knight, a leading provider of data and analytics across the homeownership life cycle, just reported on the issue. Right now, housing payments are slightly less affordable than the five-year average but onl...y by less than a percentage point. However, they’re significantly more affordable than the 25-year average. Put another way, a buyer will likely make a slightly greater financial sacrifice to afford a home right now than if they purchased a home within the last five years. On the other hand, it also means the potential financial sacrifice is not nearly as great as what it was over the... #expertanswers #purchasingpower #buyingpower Have questions? Don't be shy, Call, Text or Email!

Hope Is on the Horizon for Today’s Housing Shortage While we are seeing some improvement, we’re still at near-record lows for housing inventory (as shown in the graph below). Here’s why. Since the pandemic began, sellers have been cautious when it comes to putting their homes on the market. At the same time that fewer people are listing their homes, more and more people are trying to buy them thanks to today’s low mortgage rates. The influx of buyers aiming to capitalize on t...hose rates are purchasing this limited supply of homes as quickly as they’re coming to market. Despite today’s low inventory, there is hope on the horizon. Regarding existing home sales, Sabrina Speianu, Senior Economic Research Analyst at realtor.com, explains, In May, newly listed homes grew by 5.4% on a year-over-year basis compared to the earlier days of the... #realestate #homeownership #homebuying #realestategoals Have questions? Don't be shy, Call, Text or Email!

Home Price Appreciation Is as Simple as Supply and Demand Home price appreciation continues to accelerate. Today, prices are driven by the simple concept of supply and demand. Pricing of any item is determined by how many items are available compared to how many people want to buy that item. As a result, the strong year-over-year home price appreciation is simple to explain. The demand for housing is up while the supply of homes for sale hovers at historic lows. The reason pr...ices continue to accelerate is that housing inventory is still at all-time lows while demand remains high. However, this may be changing. 39 of the 50 states (plus the District of Columbia) saw increases in inventory over the last month. This may be evidence that homeowners who have been afraid to let buyers in their homes during the pandemic are now putting their houses on the... #realestate #homeownership #homebuying #realestategoals Have questions? Don't be shy, Call, Text or Email!

Thinking of Buying or Selling a Home This Year? The latest editions of the home buying and selling guides are now available. Let's connect so you can get the latest digital copies. #buyingahome #sellingyourhouse #realestateguide... Have questions? Don't be shy, Email, Text or Call.