Blog — Lyn Trayte

Your Arizona Realtor For Life

Posts in Home Equity

A Window of Opportunity for Homebuyers

A Window of Opportunity for Homebuyers

Mortgage rates are much higher today than they were at the beginning of the year, and that’s had a clear impact on the housing market. As a result, the market is seeing a shift back toward the range of pre-pandemic levels for buyer demand and home sales. But the transition back toward pre-pandemic levels isn’t a bad thing. In fact, the years leading up to the pandemic were some of the best the housing market has seen. That’s why, as the market undergoes this shift, it’s important to compare today not to the abnormal pandemic years, but to the most recent normal years to show how the current housing market is still strong.

Wondering Where You'll Move if You Sell Your House Today?

Wondering Where You'll Move if You Sell Your House Today?

If you put a pause on your home search because you weren’t sure where you’d go once you sold your house, it might be a good time to get back into the market. That’s because today’s market is undergoing a shift, and the supply of homes for sale is increasing as a result. That means you may have a better chance of finding a home that will meet your current needs. Here are some options to consider.

Think Home Prices are Going To Fall? Think Again!!!

Think Home Prices are Going To Fall? Think Again!!!

Over the last two years, the rate of home prices appreciated at a dramatic pace. While that led to incredible equity gains for homeowners, it’s also caused some buyers to wonder if home prices will fall. It’s important to know the housing market isn’t a bubble about to burst, and home price growth is supported by strong market fundamentals.

To understand why price declines are unlikely, it’s important to explore what caused home prices to rise so much recently, and where experts say home prices are headed. Here’s what you need to know.

The Recent Drop in Mortgage Rates Brings Good News to Homebuyers

The Recent Drop in Mortgage Rates Brings Good News to Homebuyers

Over the past few weeks, the average 30-year fixed mortgage rate from Freddie Mac fell by half a percent. The drop happened over concerns about a potential recession. And since mortgage rates have risen dramatically this year, homebuyers across the country should see this decline as welcome news. A decrease in mortgage rates means an increase in your purchasing power.

Two Reasons Why Today's Housing Market isn't a Bubble..

Two Reasons Why Today's Housing Market isn't a Bubble..

Are we in a Real Estate Bubble? I’ve tried to aleviate those fears in other posts but the fast rising interest rates and the slow-down of the market is feuling this question one again. There are two reasons that are still true of our market which will show that a bubble bursting is not only improbably, but not possible. Read On….

Homeownership is a Great Hedge Against the Impact of Rising Inflation

Homeownership is a Great Hedge Against the Impact of Rising Inflation

If you’ve been thinking about buying a home this year, it makes sense to act soon, even with inflation rising. That way you can stabilize your monthly housing cost and invest in an asset that historically outperforms inflation.

Home Price Deceleration Does Not Mean Depreciation!

Home Price Deceleration Does Not Mean Depreciation!

Experts in the real estate industry use a number of terms when they talk about what’s happening with home prices. And some of those words sound a bit similar but mean very different things. To help clarify what’s happening with home prices and where experts say they’re going, here’s a look at a few terms you may hear:

Appreciation is when home prices increase.
Depreciation is when home prices decrease.
Deceleration is when home prices continue to appreciate, but at a slower pace.

2021 Housing Market, Home Appreciation, Home Equity, Phoenix Real Estate, Real Estate Bubble, Real Estate Forecast, Real Estate StatisticsLyn TrayteJune 20, 2022Appreciation, Home Values, Homeownership, Home Prices, Receission, Phoenix Real Estate, Home Equity, Scottsdale Real Estate, StatisticsComment

Is the Housing Market Correcting Itself?

Is the Housing Market Correcting Itself?

If recent headlines are generating any concerns, look at a more typical year for perspective. The current market is not a crash or correction. It’s just a turning point toward more typical, pre-pandemic levels.

What Does the Rest of the Year Look Like for Real Estate?

What Does the Rest of the Year Look Like for Real Estate?

If you’re thinking of buying or selling a house, you’re at an exciting decision point. And anytime you make a big decision like that, one thing you should always consider is timing. So, what does the rest of the year hold for the housing market?

Sellers Have an Opportunity with Today's Home Prices

Sellers Have an Opportunity with Today's Home Prices

As mortgage rates started to rise this year, many homeowners began to wonder if the value of their homes would fall. Here’s the good news. Historically, when mortgage rates rise by a percentage point or more, home values continue to appreciate. The latest data on home prices seems to confirm that trend. Now is still a great time to sell your house thanks to ongoing price appreciation.

The One Thing Every Homeowner Needs to Know about a Recession

The One Thing Every Homeowner Needs to Know about a Recession

A recession does not equal a housing crisis. That’s the one thing that every homeowner today needs to know. Everywhere you look, experts are warning we could be heading toward a recession, and if true, an economic slowdown doesn’t mean homes will lose value.

2022 Housing Market, Buyers, Home Appreciation, Home Equity, Home Values, Phoenix Real Estate, Real Estate Bubble, Real Estate Forecast, Real Estate Statistics, Unemployment StatisticsLyn TrayteMay 20, 2022Housing Bubble, Housing Inventory, Recession, Phoenix Real Estate, Homeownership, Home Equity, Phoenix RealtorComment

Are There More Homes Coming to the Market?

Are There More Homes Coming to the Market?

According to a recent survey from the National Association of Realtors (NAR), one of the top challenges buyers face in today’s housing market is finding a home that meets their needs. That’s largely because the inventory of homes for sale is so low today.

If you’re looking to buy a home, you may have noticed this yourself. But there is good news. Recent data shows more sellers are listing their houses this season, which may give you more options for your home search.

Will Home Prices Fall This Year?

Will Home Prices Fall This Year?

If you’re a homeowner thinking about selling, the higher price appreciation over the last two years has been great for your home’s value, but it’s also something you should factor in when planning your next steps. If you’ll also be buying a home after selling your current house, you shouldn’t wait for prices to fall. Waiting will only cost you more in the long run because climbing mortgage rates and rising home prices will have an impact on your next home purchase.

How Today's Mortgage Rates Impact your Home Purchase

How Today's Mortgage Rates Impact your Home Purchase

If you’re planning to buy a home, it’s critical to understand the relationship between mortgage rates and your purchasing power. Purchasing power is the amount of home you can afford to buy that’s within your financial reach. Mortgage rates directly impact the monthly payment you’ll have on the home you purchase. So, when rates rise, so does the monthly payment you’re able to lock in on your home loan. In a rising-rate environment like we’re in today, that could limit your future purchasing power.

Today's Home Price Appreciation is Great News for Existing Homeowners

Today's Home Price Appreciation is Great News for Existing Homeowners

Today’s rising home values aren’t just good news if you’re ready to sell. Because price appreciation is forecast to continue in the years ahead, you can rest assured your next home will be an investment that should grow in value with time.

The Dream of Homeownership Is Worth the Effort

The Dream of Homeownership Is Worth the Effort

If you’re in the market to buy a home this season, stick with it. Homebuyers face challenges in any market, and today’s is no exception. But if you persevere, your decision to purchase a home will be worth the effort in the end .Even if you face challenges in today’s market, the payoff when you succeed and purchase a home will be worth it.

How Homeownership Can Help Shield You from Inflation

How Homeownership Can Help Shield You from Inflation

If you’re following along with the news today, you’ve likely heard about rising inflation. You’re also likely feeling the impact in your day-to-day life as prices go up for gas, groceries, and more. These rising consumer costs can put a pinch on your wallet and make you re-evaluate any big purchases you have planned to ensure they’re still worthwhile.

If you’ve been thinking about purchasing a home this year, you’re probably wondering if you should continue down that path or if it makes more sense to wait. While the answer depends on your situation, here’s how homeownershipcan help you combat the rising costs that come with inflation.

On the Fence of Whether or Not to Buy a Home This Spring?

On the Fence of Whether or Not to Buy a Home This Spring?

If you’re thinking of selling your house, it may be because you’ve heard prices are rising, listings are going fast, and sellers are getting multiple offers on their homes. But why are conditions so good for sellers today? And what can you expect when you move? To help answer both of those questions, let’s turn to the data.

The Future of Home Price Appreciation

The Future of Home Price Appreciation

If you’re trying to decide whether to buy now or wait, the key is knowing what’s expected to happen with home prices. Experts say prices will continue to climb in the years ahead, just at a slower pace. So, if you’re ready to buy, doing so now may be your best bet for your wallet. It’ll also give you the chance to use the future home price appreciation to build your own net worth through rising equity.

What's Happening With Mortgage Rates, and Where Will They Go From Here?

What's Happening With Mortgage Rates, and Where Will They Go From Here?

Based on the Primary Mortgage Market Survey from Freddie Mac, the average 30-year fixed-rate mortgage has increased by 1.2% (3.22% to 4.42%) since January of this year. The rate jumped by more than a quarter of a point from just a week ago. Paying a higher price for a home and a higher mortgage rate can be a difficult pill to swallow. However, waiting will just cost you more. If you’re ready, willing, and able to buy a home, now will be a better time than a year, or even six months from now.