Real Estate Blog - Updates

When a House Becomes a Home

Posted by Shane Andersen on January 13th, 2022

It’s clear that owning a home makes financial sense. But lately, the emotional side of what drives homeownership is becoming increasingly important.

No matter the living space, the feeling of a home means different things to different people. Whether it’s a familiar scent or a favorite chair, the feel-good connections to our own homes can be more important to us than the financial ones. Here are some of the reasons why.

1. Owning your home is an accomplishment worth celebrating

You’ve put in a lot of work to achieve the dream of homeownership, and whether it’s your first home or your fifth, congratulations are in order for this milestone. You’ve earned it.

2. There’s no place like home

Owning your own home offers not only safety…

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What Does Being in a Sellers’ Market Mean?

Posted by Shane Andersen on September 2nd, 2021

Whether or not you’ve been following the real estate industry lately, there’s a good chance you’ve heard we’re in a serious sellers’ market. But what does that really mean? And why are conditions today so good for people who want to list their house?

It starts with the number of houses available for sale. The latest Existing Home Sales Report from the National Association of Realtors (NAR) shows housing supply is still astonishingly low. Today, we have a 2.6-month supply of homes at the current sales pace. Historically, a 6-month supply is necessary for a ‘normal’ or ‘neutral’ market in which there are enough homes available for active buyers (see graph below):When the supply of houses for sale is as low as it is right now, it’s much harder…

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2020 Homeowner Wish List

Posted by Shane Andersen on June 5th, 2020

2020 Homeowner Wish List

Some Highlights

• In a recent study by realtor.com, homeowners noted some of the main things they would change about their homes to make them more livable.

• Not surprisingly, more space, an updated kitchen, and a home gym rose to the top of the list.

• If you’re thinking of selling this year, having these items in your listing might make your house more desirable than ever to potential buyers.

Thinking of selling and/or moving to Brookings, Volga, or any surrounding areas? Got questions? I’m here to help! Visit BrookingsHomeTeam.com for more details!

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