Cheryl Bower's Real Estate Blog

Renters Missed Out on $51,500 This Past Year

By Cheryl Bower | November 1, 2021

Rents have increased significantly this year. The latest National Rent Report from Apartmentlist.com shows rents are rising at a rate much higher than the three years leading up to the pandemic: “Since January of this year, the national median rent has increased by a staggering 16.4 percent. To put that in context, rent growth from January…

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The Mortgage Process Doesn’t Have To Be Scary [INFOGRAPHIC]

By Cheryl Bower | October 29, 2021

Some Highlights Applying for a mortgage is a big step towards homeownership, but it doesn’t need to be one you fear. Here are some tips to help you prepare. Know your credit score and work to build strong credit. When you’re ready, lean on your agent to connect you with a lender so you can…

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Does Your House Have What Buyers Want?

By Cheryl Bower | October 28, 2021

The rise in remote work is changing what many Americans want in their homes. Many companies are choosing to delay reopening or go remote full-time, and today’s buyers are looking for homes with more space to support their work needs. As a seller, if you no longer need the extra room you have in your…

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Housing Challenge or Housing Opportunity? It Depends.

By Cheryl Bower | October 27, 2021

The biggest challenge in real estate today is the lack of available homes for sale. The low housing supply has caused homes throughout the country to appreciate at a much faster rate than what we’ve experienced historically. There are many reasons for the limited number of homes on the market, but as you can see…

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There Are More Homes Available Now than There Were This Spring

By Cheryl Bower | October 26, 2021

There’s a lot of talk lately about how challenging it can be to find a home to buy. While housing inventory is still low, there are a few important things to understand about the supply of homes for sale as we move into the end of the year. The Number of Homes for Sale Usually…

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Knowledge Is Power When It Comes to Appraisals and Inspections

By Cheryl Bower | October 25, 2021

Buyers in today’s market often have questions about the importance of getting a home appraisal and an inspection. That’s because high buyer demand and low housing supply are driving intense competition and leading some buyers to consider waiving those contingencies to stand out in the crowded market. But is that the best move? Buying a…

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Your Home Equity Is Growing [INFOGRAPHIC]

By Cheryl Bower | October 22, 2021

Some Highlights If you’re a homeowner, today’s rising equity is great news. On average, homeowners have gained $51,500 in equity since this time last year. Whether it’s funding an education, fueling your next move, or starting a business, your home equity is a great tool you can use to power your dreams. Ready to sell?…

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Important Distinction: Homes Are Less Affordable, Not Unaffordable

By Cheryl Bower | October 21, 2021

It’s impossible to research the subject of buying a home without coming across a headline declaring that the fall in home affordability is a crisis. However, when we add context to the most recent affordability statistics, we soon realize that, though homes are less affordable than they have been over the last few years, they…

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Looking To Move? It Could Be Time To Build Your Dream Home.

By Cheryl Bower | October 20, 2021

While today’s supply of homes for sale is still low, the number of newly built homes is increasing. If you’re ready to sell but have held off because you weren’t sure you’d be able to find a home to move into, newly built homes and those under construction can provide the options you’ve been waiting…

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What Does the Future Hold for Home Prices?

By Cheryl Bower | October 19, 2021

If you’re looking to buy or sell a house, chances are you’ve heard talk about today’s rising home prices. And while this increase in home values is great news for sellers, you may be wondering what the future holds. Will prices continue to rise with time, or should you expect them to fall? To answer…

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