Do Elections Impact the Housing Market?

MURPHY TEAM REAL ESTATE

The 2024 Presidential election is just months away. As someone who’s thinking about potentially buying or selling a home, you’re probably curious about what effect, if any, elections have on the housing market. It’s a great question because buying or selling a home is a major decision, and it’s natural to wonder how such a major event might impact your plans. Historically, Presidential […]

Are More Homeowners Selling as Mortgage Rates Come Down?

MURPHY TEAM REAL ESTATE

If you’re looking to buy a home, the recent downward trend in mortgage rates is good news because it helps with affordability. But there’s another way this benefits you – it may inspire more homeowners to put their houses up for sale. The Mortgage Rate Lock-In Effect Over the past year, one factor that’s really limited the options […]

Best way to prepare for buying a home in 2023

MURPHY TEAM REAL ESTATE

One of the top questions I’m getting right now is: should I still buy a home with today’s higher mortgage rates? While each person’s finances and budget are gonna be different, there is something you can do to plan ahead, and that’s getting pre-approved for a mortgage. Here’s a look at just a few of […]

Why the Sandwich Generation Is Buying Multi-Generational Homes

MURPHY TEAM REAL ESTATE

Are you a part of the Sandwich Generation? According to Realtor.com, that’s a name for the roughly one in six Americans who take care of their children and their parents or grandparents at the same time. If that sounds familiar to you, juggling all the responsibilities involved certainly must have its challenges. But it turns out there’s one […]

Are Home Prices Going To Come Down?

MURPHY TEAM REAL ESTATE

Today’s headlines and news stories about home prices are confusing and make it tough to know what’s really happening. Some say home prices are heading for a correction, but what do the facts say? Well, it helps to start by looking at what a correction means. Here’s what Danielle Hale, Chief Economist at Realtor.com, says: “In stock […]

3 Key Factors Affecting Home Affordability

3 Key Factors Affecting Home Affordability, MURPHY TEAM REAL ESTATE

Over the past year, a lot of people have been talking about housing affordability and how tight it’s gotten. But just recently, there’s been a little bit of relief on that front. Mortgage rates have gone down since their most recent peak in October. But there’s more to being able to afford a home than just mortgage rates. To […]

2 Reasons Why Today’s Mortgage Rate Trend Is Good for Sellers

2 Reasons Why Today’s Mortgage Rate Trend Is Good for Sellers, MURPHY TEAM REAL ESTATE

If you’ve been holding off on selling your house to make a move because you felt mortgage rates were too high, their recent downward trend is exciting news for you. Mortgage rates have descended since last October when they hit 7.79%. In fact, they’ve been below 7% for over a month now (see graph below): And while they’re not […]

Why You May Want To Seriously Consider a Newly Built Home

Why You May Want To Seriously Consider a Newly Built Home, MURPHY TEAM REAL ESTATE

Why You May Want To Seriously Consider a Newly Built Home Are you putting off your plans to sell because you’re worried you won’t be able to find a home you like when you move? If so, it may be time to consider a newly built home and the benefits that come with one. Here’s why. Near-Record […]

3 Must-Do’s When Selling Your House in 2024

3 Must-Do’s When Selling Your House in 2024, MURPHY TEAM REAL ESTATE

If one of the goals on your list is selling your house and making a move this year, you’re likely juggling a mix of excitement about what’s ahead and feeling a little sentimental about your current home. A great way to balance those emotions and make sure you’re confident in your decision is to keep these three best practices […]

Experts Project Home Prices Will Increase in 2024

Experts Project Home Prices Will Increase in 2024, MURPHY TEAM REAL ESTATE

Even though home prices are going up nationally, some people are still worried they might come down. In fact, a recent survey from Fannie Mae found that 24% of people think home prices will actually decline over the next 12 months. That means almost one out of every four people are dealing with that fear, and you might be, […]