Spears Group Real Estate Associates

Since the supply of homes for sale is growing and mortgage rates are coming down, you may be thinking it’s finally your moment to jump into the market. To make sure you’re ready, you need to get pre-approved for a mortgage. That’s when a lender looks at your finances, including things like your W-2, tax returns, credit score, and bank statements, to figure out what they’re willing to loan you. After that process, you’ll get a pre-approval letter to show what you can borrow. Here are two reasons why this is essential in today’s market. Pre-Approval Helps You Know Your Numbers While home affordability is finally starting... #firsttimehomebuyer #opportunity

If you’re wondering what’s going on with home prices lately, you’re definitely not the only one. With so much information out there, it can be hard to figure out your next move. Home Price Growth Is Slowing, but Prices Aren’t Falling Nationally Throughout the country, home price appreciation is moderating. What that means is, prices are still going up, but they're not rising as quickly as they were in recent years. What’s Next for Home Prices? It’s All About Supply and Demand Nationally, the number of homes for sale is going up, but there still aren’t enough of them to meet today’s buyer demand. That’s keeping upward... #homeprices #realestatemarket

The luxury market is thriving. With more million-dollar homes than ever before and prices on the rise, this could be the perfect time to start your search for a high-end home. DM me if you want to explore your options. #luxuryhomes #milliondollarhomeforsale

Thinking about moving in 2025? Here’s what experts say you can expect. Mortgage rates are projected to come down. More homes are expected to sell. And prices are forecast to go up. Let's connect to talk about what this means for your plans to move. #housingmarketforecasts

Thinking about downsizing but not sure what type of home you want? If you haven’t considered a 55+ community, here are a few reasons you may want to: - Lower maintenance - Great on-site amenities - Accessible floor plans - Like-minded neighbors Want to see what’s available in our area to find out if it’s right for you? DM me. #downsizing #makememove

Now that it’s September, all eyes are on the Federal Reserve (the Fed). The overwhelming expectation is that they’ll cut the Federal Funds Rate at their upcoming meeting, driven primarily by recent signs that inflation is cooling, and the job market is slowing down. Why a Federal Funds Rate Cut Matters The Federal Funds Rate is one of the key factors that influences mortgage rates – things like the economy, geopolitical uncertainty, and more also have an impact. When the Fed cuts the Federal Funds Rate, it signals what’s happening in the broader economy, and mortgage rates tend to respond. As Mike Fratantoni, Chief... #expertanswers #stayinformed

Trying to decide if you want to sell now or wait? Here’s a tip. Consider why you want to move. Maybe you, like so many other homeowners, want to be closer to your loved ones, find that your house is too small, or you’ve recently had a big change in your life. Whatever your reason, it may be motivation enough to sell. DM me if you’re ready to get started. #makememove #sellyourhouse

Want to avoid making some of the top seller mistakes? The key is working with a real estate agent so you don’t overprice your house or skip necessary repairs. Let’s connect so you can avoid making these costly mistakes. #sellyourhouse #realestateadvice

Want to know the top mistakes today’s homeowners are making when they sell? Here they are: -Pricing your house too high -Skipping necessary repairs -Not being objective -Not being willing to negotiate DM me if you want to talk more about how an agent can help you avoid costly missteps like these. #sellyourhouse #realestateagent

Mortgage rates are declining. And that may make you wonder if it’s time to jump back into the market. While they’re not going back to pandemic lows, experts say rates could continue to drop as long as inflation eases. So, what number do you want to see rates hit before you’re ready to move? Drop it in a comment below. And I’ll be the first to let you know when we get there. #mortgagerates #affordability