The Market Archives - sellfor1percent https://www.sellfor1percent.com/category/the-market/ sellfor1percent Mon, 13 May 2024 18:48:23 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.3 https://www.sellfor1percent.com/wp-content/uploads/2022/09/cropped-logoooooooo-32x32.png The Market Archives - sellfor1percent https://www.sellfor1percent.com/category/the-market/ 32 32 The Sweet Spot of This Spring’s Market https://www.sellfor1percent.com/the-sweet-spot-of-this-springs-market/ Mon, 13 May 2024 18:47:02 +0000 https://www.sellfor1percent.com/?p=12955 Introduction In the midst of unexpected market shifts, including the recent NAR Settlement news and ongoing economic challenges, navigating the

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Introduction

In the midst of unexpected market shifts, including the recent NAR Settlement news and ongoing economic challenges, navigating the spring market real estate landscape may feel daunting. However, amidst the uncertainty, there’s a glimmer of hope: the alleviation of one of the market’s longstanding pain points—inventory shortages.

A Silver Lining: Spring Market Inventory Relief

While other aspects of the market remain volatile, the increase in available homes presents an unprecedented opportunity. This shift provides real estate professionals with a chance to engage in impactful conversations with their networks, showcasing expertise and value while potentially generating business.

Insights and Data

Let’s delve into the numbers. Recent data from Realtor.com reveals a notable uptick in available homes in 2024, a refreshing change from the shortages experienced in previous years. With inventory expanding, the market landscape is brimming with potential.

the spring market is the time to sell! call us today! (614) 451-6616

Year-Over-Year Change in Inventory

The map illustrates positive year-over-year growth in most states, indicating a promising trend.

Implications for Spring Market Homebuyers

Does this surge in inventory guarantee smooth sailing for homebuyers? On one hand, increased inventory translates to more options for clients, particularly beneficial for first-time buyers. This abundance of choices, especially in lower price ranges, can help mitigate affordability challenges exacerbated by mortgage rate fluctuations.

Opportunities for Sellers in the Spring Market

For current homeowners looking to sell, this surge in inventory spells good news. They’ll not only encounter robust demand for their homes but also enjoy a wider selection of properties to choose from when making their next move. It’s a win-win scenario for both buyers and sellers alike.

get excited for this years spring market! call us today! (614) 451-6616

Our Role as a Real Estate Professional

As agents, we serve as more than transaction facilitators; we’re guides navigating clients through the complexities of the market. It’s our responsibility to provide context, offer insights, and equip clients with the knowledge needed to make informed decisions.

Embracing Opportunity in this Spring Market

Now more than ever, our expertise is invaluable. By leveraging our deep understanding of the local market, we can help clients navigate with confidence. Embrace the growing inventory as an opportunity to decode market trends, offer informed guidance, and empower clients to make confident decisions tailored to their unique needs.

Work with Sell for 1 Percent Realtors

At Sell for 1 Percent Realtors, we understand the importance of leveraging market trends to benefit our clients. As a full-service brokerage, we offer our services at just a 1% commission, passing on the savings from today’s technology directly to you. Partner with us to capitalize on the current market opportunities and achieve your real estate goals. Contact us today to learn more!

give us a call today to talk to an expert 614-451-6616

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Understanding Current Market Trends: A Two-Minute Update https://www.sellfor1percent.com/understanding-current-market-trends-a-two-minute-update/ Mon, 29 Apr 2024 19:06:48 +0000 https://www.sellfor1percent.com/?p=12880 Overview of Current Market Conditions The landscape of the real estate and financial market is always evolving, and keeping up

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Overview of Current Market Conditions

The landscape of the real estate and financial market is always evolving, and keeping up with these changes is crucial for both current and prospective homeowners. As of late, the market has shown both improvements and challenges, reflecting a complex economic backdrop.

Positive Shifts and Current Market Challenges

The market today is arguably in a better position than it was four to five months ago, with interest rates showing a slight decrease from previous highs. However, the situation is nuanced. While those with savings might benefit from higher interest rates on CDs, individuals looking to secure new mortgages face higher rates, which are driven by persistent inflation and economic policies.

Job Market Influence on Economic Conditions

A significant factor influencing the market is the job sector. Recent statistics suggest job creation, which should be a positive indicator. However, a closer look reveals that many of these jobs are part-time, indicating that people are taking on additional roles to make ends meet, further fueling inflationary pressures.

Interest Rates and Mortgage Trends

Interest rates are a critical concern for anyone involved in the real estate market. Currently, base interest rates are hovering around 7.375%, with fluctuations depending on individual credit situations. This rate is significantly lower than the near 8% seen months back but shows an upward trend from the mid-sixes observed last month.

the market is always changing, call us today to be on the forefront of trends. (614) 451-6616

Historical Context and Future Projections

Putting these numbers into historical perspective, rates are still below the long-term average. However, the market remains volatile, and with inflation continuing its upward trajectory, it is unlikely that interest rates will see significant reductions soon. This volatility underscores the importance of strategic financial planning and market awareness.

Real Estate Values and Market Dynamics

Real estate values, particularly in Columbus, Ohio, have seen remarkable growth, with average home prices rising from $157,000 in 2012 to $350,000 now. This increase not only reflects the general inflation and devaluation of the dollar but also highlights the area’s robust market conditions, driven by a steady influx of new residents and limited housing supply.

Investment Strategies and Market Predictions

Given the current economic conditions, investing in real estate remains a prudent strategy, especially as a hedge against inflation. The market’s dynamics suggest that property values will continue to rise, making it a potentially lucrative investment for those prepared to act swiftly.

Conclusion and Recommendations

For those on the fence about buying, the current trends suggest that waiting might not be beneficial. With rates likely to increase as inflation persists, securing a mortgage at current rates could be a wise decision. Additionally, for those looking to sell, leveraging the expertise of experienced realtors can significantly enhance the financial outcomes of real estate transactions.

Maximize Your Real Estate Market Opportunities

If you’re considering buying or selling your home, contact Sell For 1 Percent, your full-service realtors. By choosing us, you benefit from comprehensive real estate services for only a 1% commission, allowing you to save thousands of dollars. Call us today at 614-451-6616 for personalized service and expert guidance through the complexities of the real estate market.

give us a call today to talk to an expert 614-451-6616

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Real Estate Market Update: Insights and Outlook https://www.sellfor1percent.com/real-estate-market-update-insights-and-outlook/ Thu, 25 Apr 2024 20:07:18 +0000 https://www.sellfor1percent.com/?p=12851 The Current State of the Real Estate Market Hello everyone, and welcome to our latest Real Estate market update. In

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The Current State of the Real Estate Market

Hello everyone, and welcome to our latest Real Estate market update. In today’s discussion, we’ll delve into recent market trends, focusing on the bond market and interest rates, which have seen significant movements.

Last week’s Consumer Price Index (CPI) report took center stage, causing quite a stir in the financial markets. The CPI, a measure of inflation, exceeded expectations, leading to a sharp increase in interest rates. This unexpected rise points to persistent inflationary pressures, which dampened hopes for lower interest rates that were previously anticipated.

Recent Developments in the Bond Market

Interestingly, despite the lack of major economic announcements or headline-making data, the bond market experienced a notably positive day. This surge can be attributed to strategic movements by traders and investors. When the bond market dips, it often creates buying opportunities—referred to as “buying the dips.” This activity supports the market and can reflect on mortgage interest rates, which are directly influenced by these bond transactions.

Real Estate Interest Rates Outlook

Currently, mortgage rates are hovering around 7.5%, with variations depending on individual credit profiles. Highly qualified buyers might see rates in the lower sevens, whereas those with less robust financial standing could face rates close to 8%. It’s crucial for potential homebuyers and investors to stay informed about these fluctuations as they plan their financial strategies.

Looking for the most recent updates to the real estate market? give us a call today! (614) 451-6616
A person with a poster is standing near the houses. Mortgage to purchase affordable comfortable housing. Concessional lending programs for young families. Low rates attractive real estate propositions

Global Influences and Economic Indicators

Turning our gaze internationally, there’s been a notable pullback from riskier investments, with money moving back into the safety of bonds. This shift often occurs when the global market landscape appears unstable or less promising, leading investors to seek the relative safety of government bonds, both in the U.S. and Europe. Such trends are essential to monitor as they directly affect domestic economic conditions and investment strategies.

How This Affects You

For those thinking about financing options, navigating these economic waters can be challenging. It’s advantageous to consult with professionals who understand the nuances of various financial products. Mortgage brokers, for instance, can tailor solutions to fit individual needs, scanning a range of options to secure the best possible loan terms.

Expert Real Estate Services at a Fraction of the Cost

If you’re considering buying or selling a home, remember that expert help can save you thousands. Sell For 1 Percent offers full-service real estate solutions for only a 1% commission. Whether you’re selling your home or looking to buy, our strategies aim to maximize your value and minimize costs.

For more information or to explore your options, don’t hesitate to reach out. Call Sell For 1 Percent at 614-451-6616. Get the advantage of full-service realtors for just 1% commission and see how we can help you achieve your real estate goals while saving money.

Remember, each week we bring you updates like these. For more insights and updates, make sure to like and subscribe.

give us a call today to talk to an expert 614-451-6616

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Recent Trends in Central Ohio Home Sales https://www.sellfor1percent.com/recent-trends-in-central-ohio-home-sales/ Mon, 22 Apr 2024 15:35:00 +0000 https://www.sellfor1percent.com/?p=12843 Overview of Central Ohio Market Performance After experiencing two months of growth, the real estate market in Central Ohio has

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Overview of Central Ohio Market Performance

After experiencing two months of growth, the real estate market in Central Ohio has seen a slowdown. March witnessed a 3.7% decrease in the number of closed home sales, following significant increases earlier in the year. Specifically, there was a 10.8% jump in sales from February 2023 to February 2024, and a 10.3% rise in January 2024 compared to January of the previous year. This decline mirrors national trends, which also showed a roughly 4% drop in sales of existing homes during the same period.

Economic Factors Influencing the Market

The recent dip in home sales in Central Ohio can be attributed to several economic variables:

  • Inflation Concerns: Recent reports indicate a rise in inflation to 3.5%, reversing what had been a decreasing trend. This increase in inflation is noteworthy and is closely watched by market analysts.
  • Mortgage Rate Predictions: With inflation rising, mortgage rates, which have been fluctuating between 6% and 7% during the early months of 2024, are expected to climb. Jessica Lautz, deputy chief economist and vice president of research at the National Association of Realtors, commented that the inflation news could lead to higher mortgage rates, potentially discouraging some prospective buyers.

Inventory and Pricing Trends in Central Ohio

Despite the slowdown in sales, the total housing inventory has increased, providing more options for potential buyers:

  • Local Inventory Growth: In March, there were 2,754 listings, marking an 18% increase from March of the previous year. Franklin County specifically saw a 13% rise in inventory compared to last year.
  • National Inventory Trends: According to National Association of Realtors (NAR) data, the inventory across the U.S. is up by approximately 14% from last March.

Sales Prices in Central Ohio

  • Median Sales Price: In Franklin County, the median sales price of homes reached $305,000. Across the broader Central Ohio region, the median was slightly higher at $310,000, reflecting an 8.4% increase year-over-year.

Market Velocity

Homes in Central Ohio stayed on the market for an average of 33 days. Notably, 62% of all homes sold in March were on the market for 30 days or less, indicating that while overall sales have slowed, many homes continue to sell relatively quickly.

Implications for Central Ohio s Sellers and Buyers

For sellers, the increased median sales prices and quick turnovers for many listings indicate a still-competitive market, especially for well-priced and well-positioned properties. Buyers, however, may face challenges due to rising prices and potential increases in mortgage rates, but they benefit from a larger selection of available properties due to higher inventory levels.

How Sell for 1 Percent Can Help

At Sell for 1 Percent, we provide full-service brokerage at just 1% commission, significantly lower than the typical 3% rate, saving our clients thousands of dollars in the process. Whether you are buying or selling in these fluctuating market conditions, our expertise and cost-effective services can provide substantial financial benefits and support through every step of the real estate transaction.

By understanding the latest market trends and economic factors, both buyers and sellers can make informed decisions to maximize their outcomes in the Central Ohio real estate market.

give us a call today to talk to an expert 614-451-6616

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Navigating Interest Rates and Market Dynamics https://www.sellfor1percent.com/navigating-interest-rates-and-market-dynamics/ Tue, 16 Apr 2024 16:34:11 +0000 https://www.sellfor1percent.com/?p=12814 In today’s ever-evolving real estate landscape, staying informed about market trends and economic indicators is crucial for both buyers and

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In today’s ever-evolving real estate landscape, staying informed about market trends and economic indicators is crucial for both buyers and sellers. Let’s dive into the latest updates on interest rates and the housing market to help you make informed decisions about your next move.

Interest Rates: A Balancing Act

Interest rates have been a hot topic of discussion lately, especially with inflation numbers on the rise. Recent comments from policymakers have hinted at a cautious approach, which has helped stabilize rates for the time being. However, the uncertainty remains, making it essential for prospective buyers to keep a close eye on developments.

Market: Demand Outpacing Supply

Despite the challenges posed by fluctuating interest rates, the real estate market continues to show resilience. In many areas, including Columbus, Ohio, demand for homes remains strong. However, this demand is not matched by an adequate supply of homes for sale. With inventory levels remaining low and housing demand expected to increase in the coming years, the pressure is palpable.

Buying Now vs. Waiting: A Strategic Market Decision

Given the current market dynamics, prospective buyers face a crucial decision: whether to buy now or wait for potentially lower interest rates in the future. While waiting may seem tempting, it’s essential to consider the broader economic factors at play. Historically, periods of low-interest rates have often coincided with increased competition and higher home prices. Therefore, acting sooner rather than later may be advantageous for those looking.

let us help you get through this housing market, call us today (614) 451-6616

The Long-Term Market Outlook: Factors to Consider

Looking beyond the immediate future, it’s essential to consider the long-term implications of today’s market conditions. With an influx of new residents expected in many areas, housing demand is likely to remain robust for years to come. Additionally, factors such as job growth, economic stability, and demographic shifts can all influence the real estate landscape in the years ahead.

Comparing Past Markets: Lessons Learned

Reflecting on past market cycles can provide valuable insights for navigating the present. Historically, periods of economic uncertainty have often been followed by periods of growth and prosperity in the real estate market. However, the specific dynamics of each market cycle are unique, highlighting the importance of staying informed and adaptable.

Taking Action: Your Next Steps

Whether you’re considering buying, selling, or investing in real estate, now is the time to take action. By staying informed about trends, consulting with industry professionals, and carefully evaluating your options, you can position yourself for success in today’s dynamic real estate market.

If you’re ready to explore your options further or have any questions about buying or selling a home, don’t hesitate to reach out to a trusted real estate professional. With their expertise and guidance, you can navigate the complexities of the market with confidence and achieve your real estate goals.

Remember, the key to success in real estate lies in being proactive, informed, and strategic. By staying ahead of the curve and making well-informed decisions, you can seize opportunities and achieve your desired outcomes in any market environment.

give us a call today to talk to an expert 614-451-6616

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Revolutionizing Real Estate: The Impact of the $418 Million Settlement https://www.sellfor1percent.com/revolutionizing-real-estate-the-impact-of-the-418-million-settlement/ Mon, 25 Mar 2024 19:40:20 +0000 https://www.sellfor1percent.com/?p=12764 In an industry where tradition often dictates practice, a groundbreaking settlement is causing waves that could reshape the future of

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In an industry where tradition often dictates practice, a groundbreaking settlement is causing waves that could reshape the future of real estate transactions. A recent class-action lawsuit in Missouri has led to a staggering $418 million settlement to be paid out over four years, a decision that impacts about a million real estate agents and brokerages doing less than $2 billion a year in sales.

The $418 Million Settlement Explained

This colossal settlement is not just a monetary victory; it’s a catalyst for change. It addresses a longstanding practice where a seller’s offer to a buyer’s agent, often a 3% commission, is embedded within the sale’s terms. This practice, while customary, has not always been transparent or in the best interest of the consumer. With the settlement, this could change dramatically, prompting a significant shift in how buyer agents are compensated and potentially how properties are marketed and sold.

What This Means for Real Estate Agents and Buyers

For decades, the 3% buyer agent commission has been a nearly unchallenged standard in the industry. Sell For 1 Percent, taking a revolutionary stance, allows sellers to decide how much of their home’s equity they want to offer as commission to the buyer’s agent. This model has often resulted in commissions of 2% or less, challenging the traditional 3% rate and, in turn, the status quo of real estate transactions.

The Impact on Real Estate Buyer Agents

With the anticipated changes, buyer agents might find themselves in uncharted territory. The once-standard co-op commission offered through MLS listings will no longer be visible, potentially leading to negotiations directly between buyer agents and their clients regarding compensation. This shift necessitates a new level of transparency and discussion about the value and cost of services provided by buyer agents.

Potential Changes in Buyer-Seller Dynamics

Sellers might now question the necessity of paying a buyer-broker commission at all, pondering whether it’s feasible to list a property with a 0% commission. This approach raises numerous questions about the future landscape of real estate sales and the strategies both sellers and agents will need to adopt.

The Real Estate Professional’s Perspective

Real estate professionals at Sell For 1 Percent, with years of experience and hundreds of successful transactions under their belts, emphasize the importance of focusing on the net number rather than the commission rate. They argue that a seller’s net gain is more crucial than the commission percentage, advocating for strategic pricing and negotiation to meet a seller’s financial goals.

Navigating the Future of Real Estate

As the industry stands on the brink of these significant changes, professionals and consumers alike are watching closely to see how these developments will unfold. The move towards more transparent and negotiable commission structures represents a shift towards prioritizing the best interests of consumers, aligning with broader calls for transparency and fairness in the marketplace.

For those navigating the ever-evolving real estate market, partnering with experienced, forward-thinking professionals who understand these changes and how to leverage them for their clients’ benefit is more important than ever. Whether you’re buying, selling, or simply exploring your options, reaching out to a team like Sell For 1 Percent can provide the insights and guidance needed in this new real estate era.

For more information about this topic, check out our Vlog about this topic and subscribe to our YouTube Channel

Are you considering buying or selling a property and curious about how these changes might affect you? Contact Sell For 1 Percent at 614-451-6616 for expert advice, full-service realty solutions, and significant savings on commissions. Let’s navigate the future of real estate together.

give us a call today to talk to an expert 614-451-6616

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Selling Your House: Is Now the Right Time? https://www.sellfor1percent.com/selling-your-house-is-now-the-right-time/ Fri, 15 Mar 2024 21:12:39 +0000 https://www.sellfor1percent.com/?p=12727 Understanding the Current Housing Market If you’re contemplating whether to sell your house, it’s crucial to understand the dynamics of

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Understanding the Current Housing Market

If you’re contemplating whether to sell your house, it’s crucial to understand the dynamics of today’s housing market. Despite an increase in listings this year, the demand from buyers still surpasses the available inventory, indicating that we are in a seller’s market. But what does this mean for you? Let’s break down the market types to clarify:

House Market Types Explained

  • Neutral Market: Supply and demand are in equilibrium, with enough homes to satisfy buyers at stable prices.
  • Buyer’s Market: The inventory of homes exceeds buyer demand, giving buyers more leverage and leading to potential price reductions by sellers.
  • Seller’s Market: Characterized by a low supply of homes compared to demand, resulting in heightened competition among buyers, often leading to bidding wars and higher sale prices for your house.

Data from the National Association of Realtors highlights how deeply entrenched we are in a seller’s market, suggesting that sellers have the upper hand.

Here is a graph for months of inventory of houses for sale. Call us today to get our opinions of how much longer we'll be in a sellers market! (614) 451-6616

What This Means for House Sellers

In a seller’s market, those looking to sell are in a favorable position. By effectively preparing your home for sale and setting a competitive price with the guidance of a real estate agent, your property is likely to attract significant interest. This can lead to multiple offers, enabling a quick sale at a desirable price, assuming the price aligns with market realities.

A Look at Past Housing Markets

To understand the robustness of the current seller’s market, it’s beneficial to compare it with past housing market trends. Historically, housing market crashes or downturns, such as the 2008 financial crisis, were often preceded by an oversupply of homes and a decline in buyer demand. Today’s market scenario, characterized by a shortage of homes despite increasing demand, is distinctly different, suggesting a sustained seller’s advantage.

The Bottom Line: A Seller’s Advantage

Given the current market conditions, with demand outpacing supply, it remains an opportune time for sellers. The present environment suggests that sellers can expect a swift sale process and favorable sale prices, provided they heed professional advice on pricing and presentation. If you’re considering selling your home, now may be a particularly advantageous time to act, leveraging the current market dynamics to your benefit.

give us a call today to talk to an expert 614-451-6616

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Why There Won’t Be a Recession That Tanks the Housing Market https://www.sellfor1percent.com/why-there-wont-be-a-recession-that-tanks-the-housing-market/ Tue, 12 Mar 2024 20:44:37 +0000 https://www.sellfor1percent.com/?p=12720 Introduction to Recession Concerns in the Housing Market In recent years, the topic of a looming recession has dominated discussions,

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Introduction to Recession Concerns in the Housing Market

In recent years, the topic of a looming recession has dominated discussions, stirring fears of a potential repeat of the devastating 2008 financial crisis. However, a closer examination of expert projections and economic indicators suggests that such a dire outcome is unlikely. This article aims to dispel the concerns about an impending housing market crash by delving into the strength of the current economy and historical patterns of housing crashes.

The Current State of the Economy

Jacob Channel, Senior Economist at LendingTree, offers a reassuring perspective on the economy’s robustness, stating, “At least right now, the fundamentals of the economy, despite some hiccups, are doing pretty good. While things are far from perfect, the economy is probably doing better than people want to give it credit for.” This sentiment is echoed in a recent Wall Street Journal survey, where only 39% of economists anticipate a recession in the next year—a significant decrease from the 61% who predicted a downturn just a year ago.

more economists are predicting a soft landing for the housing market, call us today! (614) 451-6616

Unemployment Rate: A Key Indicator for the Housing Market

A critical factor in assessing the risk of a housing market crash is the unemployment rate. Historical data from sources like Macrotrends, the Bureau of Labor Statistics (BLS), and Trading Economics reveal that the current unemployment rate remains notably low. For context, the average unemployment rate since 1948 stands at about 5.7%. This figure spiked to 8.3% following the 2008 financial crisis. Yet, recent data indicates that the unemployment rate is well below these levels, suggesting a stable job market.

unemployment rate is nearing all time lows, call us today to see what that means for the housing market! (614) 451-6616

Past Housing Market Crashes: Lessons Learned

To further understand the unlikely prospect of a housing market crash, it’s essential to examine past downturns. The 2008 financial crisis, characterized by a significant rise in unemployment and a flood of foreclosures, serves as a cautionary tale. However, several key differences exist between the pre-2008 economy and today’s conditions, including stricter lending standards, a lower supply of housing, and a generally more resilient economic structure.

Future Projections: Unemployment and Housing Market Stability

Experts, drawing on data from the aforementioned Wall Street Journal survey, project that the unemployment rate will remain below the 75-year average in the coming years. This stability suggests a lower risk of widespread job losses that could lead to a surge in foreclosures. Consequently, the likelihood of a housing market crash driven by economic factors similar to those of past crises appears minimal.

unemployment is expected to say under 5%, call us today to see what that means for the housing market (614) 451-6616

Conclusion: A Stable Outlook

In summary, most experts now believe that a recession within the next year is improbable, nor do they foresee a significant increase in the unemployment rate. This optimistic outlook, supported by historical analyses and current economic indicators, implies that fears of a flood of foreclosures crashing the housing market are largely unfounded. The key takeaway is that, despite existing challenges, the fundamentals of the economy and the housing market are stronger than commonly perceived, offering reassurance to homeowners and investors alike.

give us a call today to talk to an expert 614-451-6616

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Market Insights in 2 Minutes https://www.sellfor1percent.com/market-insights-in-2-minutes/ Fri, 08 Mar 2024 20:07:29 +0000 https://www.sellfor1percent.com/?p=12711 In the constantly shifting landscape of the real estate market, keeping up with the latest trends, economic data, and interest

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In the constantly shifting landscape of the real estate market, keeping up with the latest trends, economic data, and interest rates is crucial for both buyers and sellers. Recent discussions among experts have shed light on some interesting market insights and developments that are worth noting.

Economic Data and Market Trends

Recent economic data indicates a general improvement in rates, with noticeable fluctuations over the past month. This variability is not unusual, as the market tends to ebb and flow based on a multitude of factors. Specifically, the focus has turned toward the upcoming job reports and the Consumer Price Index (CPI), both of which are expected to significantly influence market dynamics and interest rates. Currently, rates are seen fluctuating between the high sixes to the high sevens, depending heavily on individual circumstances and overall profile strength.

The Impact of Inflation and Mortgage Rates

Interestingly, what might seem like bad news for the economy often turns into good news for mortgage rates. This phenomenon occurs when adverse economic news leads investors to buy into mortgage-backed security bonds, subsequently improving mortgage rates. The anticipation surrounding the job report is palpable, with predictions estimating at least 750,000 new jobs, although there’s an expectation that this number might be revised down in the following months.

Predictions and Preparations

The ideal scenario for the mortgage-backed securities market is one where job growth estimates are accurate, avoiding drastic under or overestimations. Such precision allows for market stability and prevents sudden, drastic fluctuations in rates. Remember, the best outcomes arise when market movements can be anticipated and adjustments made well in advance.

Mortgage Interest Rates Insights

When it comes to choosing between various mortgage options, such as a five or seven-year ARM (Adjustable Rate Mortgage) and a 30-year fixed-rate mortgage, current trends suggest that the latter may be more beneficial. Average rates, especially in Ohio, indicate that there’s little to no advantage in opting for a ten-year ARM over a 30-year fixed rate, given their current similarities in terms.

Conclusion

Navigating the real estate market, whether you’re buying or selling, requires careful consideration of current trends, economic data, and personal circumstances. For those looking to make informed decisions and capitalize on the opportunities available in today’s market, it’s essential to have expert guidance.

If you’re contemplating buying a new home or selling your current one, consider reaching out to Sell For One Percent. Offering full-service realtor expertise at only a 1% commission, they can save you thousands of dollars in the process. For a partnership that combines market insight with financial efficiency, call Sell For One Percent at 614-451-6616 and take the next step towards making your real estate dreams a reality.

give us a call today to talk to an expert 614-451-6616

Check out our vlog about this information!

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Columbus Real Estate 2024: What to Expect https://www.sellfor1percent.com/columbus-real-estate-2024-what-to-expect/ Fri, 05 Jan 2024 20:27:31 +0000 https://www.sellfor1percent.com/?p=12412 Are you thinking about taking the plunge into the Columbus, Ohio real estate market? Well, you’ve landed in the right

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Are you thinking about taking the plunge into the Columbus, Ohio real estate market? Well, you’ve landed in the right place. We’ve got the inside scoop on everything you need to know about the current state of the market, the fascinating world of interest rates, and a sneak peek into what’s on the horizon for 2024. You don’t need to be a fortune teller; we’re your guides through the twists and turns of real estate in the heart of Ohio.

The Interest Rate Tango

First, let’s dive into the captivating world of interest rates – a rollercoaster ride you won’t want to miss! The good news is, for the most part, interest rates are playing nice and hovering around the mid-six percent range. This delightful news has potential homebuyers in Columbus, Ohio, positively thrilled. However, as with any thrilling ride, there’s a twist waiting around the corner. Rates have taken a slightly upward turn as the new year unfolds, casting a shadow of uncertainty. Why the sudden shift? Well, it all comes down to a couple of major players: the Federal Reserve and the perplexing puzzle of inflation.

The burning question on everyone’s mind is, where are these rates headed next? If only we had a crystal ball, right? But fear not; we’ve got some insider insights to share. Tomorrow, the non-farm payroll jobs report from the Fed is set to drop, and it’s like our trusty compass guiding us through the dense forest of real estate. Here’s the scoop – weaker job numbers are like a secret weapon for those dreaming of lower interest rates. So, we’re crossing our fingers for a bit of economic gloom – at least as far as interest rates are concerned. Buckle up, folks; it’s a thrilling ride through the world of real estate finance.

A Booming Columbus Real Estate Market

Now, let’s dive right into the electrifying Columbus real estate scene – it’s not just hot; it’s scorching! Picture this: people all over the city are shaking off their holiday hangovers and setting out on a mission to snag that dream home. Jamie, one of our seasoned agents, just returned from a showing this very morning, while Jay is currently racing back from yet another one. And if you think things are quiet back at the office, think again! Our phones are practically singing with the sheer volume of inquiries and appointments.

But here’s the kicker, folks – it’s a jungle out there, and the competition is as fierce as a heavyweight showdown. In this fast-paced market, timing isn’t just crucial; it’s the golden ticket to securing your dream abode. So, if you’re envisioning that charming house with the white picket fence or a sleek, modern condo with skyline views, you’ll want to be swift and strategic. Stay with us as we unravel the secrets to navigating this red-hot real estate landscape!

Columbus Real Estate: The Place to Be

Hold onto your hats, because Columbus isn’t just a thriving city today; it’s gearing up for some exhilarating growth that’s sure to make waves! Picture this: over the next two to two-and-a-half decades, an astonishing 800,000 individuals are projected to make Columbus their new home sweet home. To put it into perspective, that’s essentially like adding another entire Columbus within the city’s boundaries!

But wait, there’s more. Hushed conversations and the rustling leaves in the Buckeye State are hinting at something big – we’re talking about the possibility of up to 50,000 jobs making their home in the New Albany area, all thanks to the establishment of several state-of-the-art manufacturing plants. The ripple effect of this massive job influx is nothing short of remarkable, promising not just economic growth but a whole new dimension to the Columbus job market.

So, if you’re considering Columbus for your next move, you might just be setting foot in one of the most vibrant, burgeoning cities of tomorrow. Stay tuned as we unveil more about the exciting future that awaits in this dynamic metropolis!

Predictions for the 2024 Columbus Real Estate Market

As we dive into the crystal ball for 2024, we find ourselves in the midst of an election year. Now, before you start picturing donkeys and elephants, let’s talk about what this means for your mortgage.

Here’s the juicy part: all signs are pointing to lower interest rates. Picture this – by the time we roll into the lush months of April, May, or June, we could be waltzing in a tantalizing realm of interest rates flirting with the five-and-a-half percent mark. Imagine what that could mean for your dream home!

But hey, don’t pack your bags just yet. It’s crucial to remember that predicting mortgage rates is about as easy as guessing Ohio’s weather – which is to say, not very. The whims of the real estate world are closely tied to two enigmatic forces: inflation and employment numbers. So, as we look ahead, stay tuned for the twists and turns of this thrilling real estate journey in 2024!

Conclusion

Hold on to your hats because 2024 is shaping up to be a blockbuster year for Columbus real estate! We’ve just given you a backstage pass to the drama of interest rates, the frenzy of a competitive market, and the promise of a city ready to explode with growth. If you’ve been toying with the idea of buying or selling a home, there’s no time like the present to dive right into the action. This is a wave you won’t want to miss, and we’re here to help you ride it, no matter the day of the week.

We’re not just real estate experts; we’re your emergency room doctors of the housing world, available seven days a week. So stay plugged into all the latest updates.

Join us next week for another dose of insights and a sneak peek into the ever-evolving universe of Columbus real estate. The stage is set, and the excitement is building!

give us a call today to talk to an expert 614-451-6616

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