Why Putting Off Listing Until Spring Could Actually Cost You Money Are you thinking of selling your home and don’t want to wait until the housing market starts to heat up this year? The conventional, traditional wisdom would warn you off. The housing market doesn’t really heat up until summer, or so the experts in the housing market would say. They would also say something like, “People don’t really want to buy homes while the weather is still bad and listing your home in the winter just makes you look desperate.” It may well be conventional wisdom, and while it does come from years…

If you’re a homeowner, you might be torn on whether or not to sell your house right now. Maybe that’s because you don’t want to take on a higher mortgage rate on your next home. If that’s your biggest hurdle, understanding your equity may be exactly what you need to help you feel more comfortable making your move. What Equity Is and How It Works Equity is the current value of your home minus what you owe on the loan. And recently, that equity has been growing far faster than you may expect. Over the last few years, home prices rose dramatically, and that gave your equity a big…

Are You Concerned About the Changing Real Estate Market? If you’re thinking about selling your house, you’re likely hearing about the cooling housing market and wondering what that means for you. While it’s not the peak intensity we saw during the pandemic, we’re still in a sellers’ market. That means you haven’t missed your window. Realtor.com explains: “. . . while prospective home sellers may regret that they missed their prime window, in reality, this is still a terrific time to sell. In fact, according to a recent Realtor.com® home seller survey, 95% of sellers who sold their home in the…

Check out how the Niagara real estate market compares to one year ago! The Niagara Real Estate Market Report Year vs Year, January 2021 vs January 2022 Residential home sales totaled 504 in January 2021 compared to 454 in January 2022, which is a Decrease of 9.9%. The Number of new listings reported was 616 in January 2021 compared to 529 in January 2022 which is a decrease of inventory by 14.1% The average HPI composite benchmark* price was $561,200 In January 2021, compared to $748,800 in January 2022, which is an increase of 33.4%. Niagara housing market expected to remain…