Sun Valley Happenings
How Misunderstandings About Affordability Could Cost You
Posted by Cassidy Jimerson on June 07, 2021 in
uncategorized
There’s a lot of discussion about affordability as home prices continue to appreciate rapidly. Even though the most recent index on affordability from the National Association of Realtors (NAR) shows homes are more affordable today than the historical average, some still have concerns about whether or not it’s truly affordable to buy a home right now.
When addressing this topic, there are various measures of affordability to consider. However, very few of the indexes compare the affordabi... read more
Hope Is on the Horizon for Today’s Housing Shortage
Posted by Carrie Di Pilato on June 29, 2021 in
uncategorized
The major challenge in today’s housing market is that there are more buyers looking to purchase than there are homes available to buy. Simply put, supply can’t keep up with demand. A normal market has a 6-month supply of homes for sale. Anything over that indicates it’s a buyers’ market, but an inventory level below that threshold means we’re in a sellers’ market. Today’s inventory level sits far below the norm.
According to the Existing Home Sales Report fro... read more
Coldwell Banker Distinctive Properties Market Update
New Listings in Traditional vs. Resort Markets
Posted by Carrie Di Pilato on June 01, 2021 in
uncategorized
Buying a Home Is Still Affordable
Posted by Cassidy Jimerson on June 07, 2021 in
uncategorized
The last year has put emphasis on the importance of one’s home. As a result, some renters are making the jump into homeownership while some homeowners are re-evaluating their current house and considering a move to one that better fits their current lifestyle. Understanding how housing affordability works and the main market factors that impact it may help those who are ready to buy a home narrow down the optimal window of time in which to make a purchase.
There are three main factors that go into determining... read more
6 Reasons to Celebrate National Homeownership Month
Posted by Carrie Di Pilato on June 16, 2021 in
uncategorized
Our homes are so much more than the houses we live in. For many, they’ve also become our workplaces, schools for our children, and safe harbors in which we’ve weathered the toughest moments of a global pandemic. Today, 65.6% of Americans call their homes their own, a rate that has risen to its highest point in 8 years.
As National Homeownership Month kicks off this June, homeowners have every reason to celebrate. A survey by Gallup just ranked real estate as the best investment&... read more
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