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Where Do Experts Say the Housing Market Is Heading?

June 4, 2021 By Claire Garlick Leave a Comment

As we enter the middle of 2021, many are wondering if we’ll see big changes in the housing market during the second half of this year. Here’s a look at what some experts have to say about key factors that will drive the industry and the economy forward in the months to come.

realtor.com

. . . homes continue to sell quickly in what’s normally the fastest-moving time of the year. This is in contrast with 2020 when homes sold slower in the spring and fastest in September and October. While we expect fall to be competitive, this year’s seasonal pattern is likely to be more normal, with homes selling fastest from roughly now until mid-summer.”

National Association of Realtors (NAR)

Sellers who have been hesitant to list homes as part of their personal health safety precautions may be more encouraged to list and show their homes with a population mostly vaccinated by the mid-year.”

Danielle Hale, Chief Economist at realtor.com

Surveys showed that seller confidence continued to rise in April. Extra confidence plus our recent survey finding that more homeowners than normal are planning to list their homes for sale in the next 12 months suggest that while we may not see an end to the sellers’ market, we might see the intensity of the competition diminish as buyers have more options to choose from.”

Freddie Mac

We forecast that mortgage rates will continue to rise through the end of next year. We estimate the 30-year fixed mortgage rate will average 3.4% in the fourth quarter of 2021, rising to 3.8% in the fourth quarter of 2022.”

Bottom Line

Experts are optimistic about the second half of the year. Contact us today to learn more about the conditions in your local market.

 

Article source: https://www.keepingcurrentmatters.com/2021/05/25/where-do-experts-say-the-housing-market-is-heading/.

Filed Under: Housing Market Update Tagged With: Colorado Real Estate, Housing Market Update, Interest Rates, Monument Realtor

Americans Find the Non-financial Benefits of Homeownership Most Valuable

May 14, 2021 By Claire Garlick Leave a Comment

Homeownership is a foundational part of the American Dream. As we look back on more than a year of sheltering in our homes, having a place of our own is more important than ever. While financial benefits are always a key aspect of homeownership, today, homeowners rank the nonfinancial and personal benefits with even higher value.

Recently, two national surveys revealed the reasons homeownership is such an important part of life. The top three personal benefits of homeownership noted by respondents in Unison’s 2021 report on The State of the American Homeowner are:

  • 91% – feel secure, stable, or successful owning a home
  • 70% – feel emotionally attached to the homes that have kept them safe over the past year
  • 51% – call homeownership a “key part of their life”

These sentiments were supported by the most recent National Housing Survey from Fannie Mae, which also shows that the top three reasons Americans value homeownership have nothing to do with money. Those surveyed were given a list of feelings and accomplishments that are associated with or impacted by where we live. They were then asked, “To achieve this, are you better off owning or better off renting?” Here are the top three points from the list that respondents said homeownership could help them achieve:

  • 91% – control over what you do with your living space
  • 90% – a sense of privacy and security
  • 89% – a good place for your family to raise your children

Other nonfinancial advantages of homeownership revealed by the survey include feeling engaged in a community, having flexibility in future decisions, and experiencing less stress.

Bottom Line

Financial and nonfinancial benefits are a key component to the value of homeownership, but the nonfinancial side is most valued after a year full of pandemic-driven challenges. Get in touch with us today if you’re ready to take the first steps toward becoming a homeowner.

Filed Under: Buyers, First Time Home Buyers, Millennials, Rent vs. Buy Tagged With: Colorado Real Estate, First Time Home Buyers, For Buyers, Millennials, Monument Realtor, owning a home, Rent vs. Buy

April Showers and Leaks: The Most Common Springtime Plumbing Issues

April 2, 2021 By Claire Garlick Leave a Comment

Spring brings warm weather, sunshine and an abundance of flowers, but it also brings about a few unique plumbing problems. While spring showers help your flowers and other plants to grow, rain can also cause plumbing issues. As the weather warms up, be on the lookout for these four springtime plumbing problems. Catching them early can save you a lot of headaches!

Leaky Plumbing

Cold winter temperatures can cause pipes to contract or freeze, which can cause tiny cracks. As the weather warms up, pipes begin to expand, causing any tiny cracks to also expand. Old pipes and outdoor plumbing are vulnerable to developing such cracks.

If you notice dripping pipes, standing water, a musty odor or a mysterious increase on your water bill, you could have leaky plumbing. Any leaking pipes must be fixed right away to prevent water damage and mold growth.

Low Water Pressure

Poor water pressure can be caused by a plumbing leak somewhere in your home. These can be hard to find, so you may need to contact a plumber to find them and fix them. It could be somewhere inside, or it could be leaking from the outside pipes that lead into the house.

Spring rainstorms can also cause low water pressure. Because rainwater is heavy and drenches the soil, that weight can put stress on your underground pipes, causing leaks which can lead to low water pressure inside your home.

Slow Draining Sinks and Backed Up Pipes

Just as spring rains can put pressure on your incoming outdoor pipes, the same is true for the pipes leading out towards the sewer. If heavy, rain-soaked soil puts too much pressure on an old or weak sewer pipe, it can result in backed-up sinks and toilets, as well as sewer water flooding your yard. The warmer weather also spurs plant growth, and tree roots can grow through a small crack in a drain line, causing a blockage. In either case, backed up pipes are a serious problem that need immediate attention from your local plumber.

Sump Pump Failure

Basement sump pumps typically don’t run during the winter, because it’s frozen outside in much of the country. However, once the weather warms up and spring rains flood your basement, you’ll need a working sump pump to clear water from this area. Early in the spring, have your sump pump checked to make sure it’s working properly. That way, you can easily avoid a flooded basement.

Spring is just around the corner and now is the time to make sure your plumbing survived the winter and will give you consistent support through the warmer months to come!

 

Article source: http://blog.rismedia.com/2021/april-showers-plumbing-issues/.

Filed Under: Home Maintenance Tagged With: Colorado Real Estate, Colorado Springs, DIY, Home Improvement, Home Maintenance, Monument Realtor, owning a home

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Homes for sale Colorado Springs and Monument Colorado
Claire Boynton, The Platinum Group Realtors Monument Colorado Real Estate

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About Blessings Realty

We perform top notch sales and marketing services for residential homes and land. We help home buyers find the right homes for their needs. Also specializing in new construction and rental properties. Whether you are a first-time home buyer or seller or have bought and sold many homes before, we will Read More…

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Welcome and thank you for visiting our Blessings Realty website! We are Monument-based real estate experts providing information about the Monument and Northern Colorado Springs, CO real estate market.

While you’re here, please check out 80132 homes for sale in Monument, CO, as well as other real estate listings around the area.  View listings, photos, market data, and use our detailed real estate filters to find the perfect place.

Please contact us today at (719) 425-8929 to buy or sell real estate in Colorado Springs and Monument, Colorado – or for help with your property management and probate real estate needs – we would love to speak with you!

Sincerely,

Claire and Jeff Garlick of Blessings Realty

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