Cheryl Bower's Real Estate Blog

There’s No Foreclosure Wave in Sight [INFOGRAPHIC]

By Cheryl Bower | February 2, 2024

Some Highlights Headlines saying foreclosures are rising might make you feel uneasy. But the truth is, there’s no need to worry. If you look at the latest numbers, they’re still below pre-pandemic norms and way below what happened during the crash. If you’re worried about a flood of foreclosures, the data shows a foreclosure crisis…

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Don’t Wait Until Spring To Sell Your House

By Cheryl Bower | February 1, 2024

As you think about the year ahead, one of your big goals may be moving. But, how do you know when to make your move? While spring is usually the peak homebuying season, you don’t actually need to wait until spring to sell. Here’s why. 1. Take Advantage of Lower Mortgage Rates Last October, the…

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Foreclosure Activity Is Still Lower than the Norm

By Cheryl Bower | January 31, 2024

Have you seen headlines talking about the increase in foreclosures in today’s housing market? If so, they may leave you feeling a bit uneasy about what’s ahead. But remember, these clickbait titles don’t always give you the full story. The truth is, if you compare the current numbers with what usually happens in the market,…

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2 of the Factors That Impact Mortgage Rates

By Cheryl Bower | January 30, 2024

If you’re looking to buy a home, you’ve probably been paying close attention to mortgage rates. Over the last couple of years, they hit record lows, rose dramatically, and are now dropping back down a bit. Ever wonder why? The answer is complicated because there’s a lot that can influence mortgage rates. Here are just…

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Will a Silver Tsunami Change the 2024 Housing Market?

By Cheryl Bower | January 29, 2024

Have you ever heard the term “Silver Tsunami” and wondered what it’s all about? If so, that might be because there’s been lot of talk about it online recently. Let’s dive into what it is and why it won’t drastically impact the housing market. What Does Silver Tsunami Mean? A recent article from HousingWire calls…

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Why It’s More Affordable To Buy a Home This Year [INFOGRAPHIC]

By Cheryl Bower | January 26, 2024

Some Highlights Home affordability depends on three factors: mortgage rates, home prices, and wages. Mortgage rates are down from their recent peak, home prices are expected to rise at a slower pace, and wages are increasing faster than usual. That’s good news if you want to buy a home because it means affordability is getting…

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The Top Benefits of Buying a Multi-Generational Home

By Cheryl Bower | January 25, 2024

Has the idea of sharing a home with loved ones like your grandparents, parents, or other relatives crossed your mind? If so, you’re not alone. More buyers are choosing to go this route and buy a multi-generational home. Here’s a look at some of the top reasons why, to see if a home like this…

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Are More Homeowners Selling as Mortgage Rates Come Down?

By Cheryl Bower | January 24, 2024

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…

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By Cheryl Bower | January 23, 2024

“We trust you” said this evening by clients as we discuss pricing strategy for their home🩷🩷 I love the clients who hire me because they know what they don’t know and trust I will guide them to a successful outcome. It’s always so exciting launching a listing especially when clients have been on board with…

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Experts Project Home Prices Will Increase in 2024

By Cheryl Bower | January 23, 2024

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,…

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