Author Archive | Patty Hume

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Thinking about buying or selling in NELA or the Hi-Desert?

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Curious what you home is WORTH?

If you’re a homeowner thinking about selling your house, you’re probably looking for the best time to make your move. That means you’re likely balancing a number of factors, like your changing needs, where you’ll go when you sell, and today’s mortgage rates in order to time it just right. Continue Reading →

Thinking about buying or selling in NELA or the Hi-Desert?

Let's get coffee and talk about your plans!

Curious what you home is WORTH?

One of the first steps in your homebuying journey is getting pre-approved. To understand why it’s such an important step, you need to understand what pre-approval is and what it does for you. Business Insider explains:

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Thinking about buying or selling in NELA or the Hi-Desert?

Let's get coffee and talk about your plans!

Curious what you home is WORTH?

Whether you’re already a homeowner or you’re looking to become one, the recent headlines about home prices may leave you with more questions than answers. News stories are talking about home prices falling, and that’s raising concerns about a repeat of what happened to prices in the crash in 2008.

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Thinking about buying or selling in NELA or the Hi-Desert?

Let's get coffee and talk about your plans!

Curious what you home is WORTH?

Last year, the Federal Reserve took action to try to bring down inflation. In response to those efforts, mortgage rates jumped up rapidly from the record lows we saw in 2021, peaking at just over 7% last October. Hopeful buyers experienced a hit to their purchasing power as a result, and some decided to press pause on their plans. Continue Reading →

Thinking about buying or selling in NELA or the Hi-Desert?

Let's get coffee and talk about your plans!

Curious what you home is WORTH?

It doesn’t matter if you’re someone who closely follows the economy or not, chances are you’ve heard whispers of an upcoming recession. Economic conditions are determined by a broad range of factors, so rather than explaining them each in depth, let’s lean on the experts and what history tells us to see what could lie ahead. As Greg McBride, Chief Financial Analyst at Bankrate, says: Continue Reading →

Thinking about buying or selling in NELA or the Hi-Desert?

Let's get coffee and talk about your plans!

Curious what you home is WORTH?

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Thinking about buying or selling in NELA or the Hi-Desert?

Let's get coffee and talk about your plans!

Curious what you home is WORTH?

During the pandemic, second homes became popular because of the rise in work-from-home flexibility. That’s because owning a second home, especially in the luxury market, allowed those homeowners to spend more time in their favorite places or with different home features. Keep in mind, a luxury home isn’t only defined by price. In a recent article, Investopedia shares additional factors that push a home into this category: location, such as a home on the water or in a desirable city, and features, the things that make the home itself feel luxurious. Continue Reading →

Thinking about buying or selling in NELA or the Hi-Desert?

Let's get coffee and talk about your plans!

Curious what you home is WORTH?

There’s no doubt today’s housing market is very different than the frenzied one from the past couple of years. In the second half of 2022, there was a dramatic shift in real estate, and it caused many people to make comparisons to the 2008 housing crisis. While there may be a few similarities, when looking at key variables now compared to the last housing cycle, there are significant differences. Continue Reading →

Thinking about buying or selling in NELA or the Hi-Desert?

Let's get coffee and talk about your plans!

Curious what you home is WORTH?

Home equity has been a hot topic in real estate news lately. And if you’ve been following along, you may have heard there’s a growing number of homeowners with negative equity. But don’t let those headlines scare you. Continue Reading →

Thinking about buying or selling in NELA or the Hi-Desert?

Let's get coffee and talk about your plans!

Curious what you home is WORTH?