Real Estate with Christine Skulevold

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Click here to view My Agent Profile: https://homeasap.com/christineskulevold/agent Click here to find out the current value of your home: https://homeasap.com/christineskulevold/homevalue ... Click here to review my Featured Listings: https://homeasap.com/christineskulevold/featured

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Why Rising Mortgage Rates Push Buyers off the Fence Since mortgage rates have increased over two percentage points this year, it’s natural to think about how this will impact your homeownership plans. Today, buyers are either making the decision to buy now before rates climb higher or waiting it out in hopes rates will fall. Let’s look at some context that can help you understand why so many buyers are jumping off the fence and into action rather than waiting to buy. One fact...or that could help you make your decision to buy now is how today’s mortgage rates compare to historical data. Mark Fleming at First American explains, An average 30-year, fixed mortgage rate of 5.5 percent is still well below the historical average of nearly 8 percent. If you’re deciding whether to buy now or wait, this is important context to have. Today’s mortgage rate still gives you a window of opportunity to lock in a rate that’s comparatively lower than decades... See more

If You’re a Homeowner, You Have Incredible Leverage When You Sell Today In today’s housing market, homeowners have a great opportunity to sell their house and receive the best terms for their personal situation. That’s because there’s a limited number of homes for sale, which is creating competition among buyers. Right now, homebuyers want three things: To be the winning bid on their dream home... To buy before mortgage rates rise more To buy before home prices go even higher These buyer needs give you an amazing advantage also known as leverage when you sell. >>What Does This Mean for Sellers Today? You might already realize this enables you to sell at a good price, but you’re also in a great position to get the best terms to suit your needs. According to the latest Realtors Confidence Index from the National Association of Realtors (NAR), the average home sold is receiving 4.8 offers. That’s why there’s a good chance...

Today was a beautiful day for a closing!! I’m so grateful to my clients for trusting me to help them find their new home and so excited for them to start this next chapter of their lives If you are looking to buy or sell, we’d be happy to help you too! Christine Skulevold ... NYS Licensed Real Estate Salesperson Hanson Real Estate Partners [email protected] 845-541-0944 #newyorkrealestateagent #nyrealestate #NewYorkRealEstate

To win in this year’s hot US real estate market, buyers skip inspections and pay over asking Contact me to discuss the latest scoop in real estate! #newyorkrealestate #newyorkrealestateagent #newyorkrealestatebroker #longislandrealestate #hamptonsrealestate #nyrealestate #realestatenyc #realestateny #manhattanrealestate #compassny https://www.roomvu.com/nws/GhPU6bhptv7V4xH

Today was a beautiful day for a closing!! I’m so grateful to my clients for trusting me to help them find their new home and so excited for them to start this next chapter of their lives If you are looking to buy or sell, we’d be happy to help you too! Christine Skulevold ... NYS Licensed Real Estate Salesperson Hanson Real Estate Partners [email protected] 845-541-0944 #newyorkrealestateagent #nyrealestate #NewYorkRealEstate

Should You Update Your House Before Selling? Ask a Real Estate Professional. [INFOGRAPHIC] If you’re deciding whether you should make updates before you sell your house, lean on your trusted real estate advisor to be your guide. In today’s sellers’ market, buyers have limited options and may be more willing to take on repairs themselves. If you’re thinking about selling your house, DM me so you have expert advice that’s customized to your home and our local area.

How Home Improvement Funds Upgrade A New House To A Home #newyorkrealestate #newyorkrealestateagent #newyorkrealestatebroker #longislandrealestate #hamptonsrealestate #nyrealestate #realestatenyc #realestateny #manhattanrealestate #compassny https://www.roomvu.com/agent/christine-skulevold

What You Actually Need To Know About the Number of Foreclosures in Today’s Housing Market When the forbearance program began, many experts were concerned it would result in a wave of foreclosures coming to the market, like there was after the housing crash in 2008. Here’s a look at why the number of foreclosures we’re seeing today is nothing like the last time. >>There Are Fewer Homeowners in Trouble... Today’s data shows that most homeowners are exiting their forbearance plan either fully caught up on payments or with a plan from the bank that restructured their loan in a way that allowed them to start making payments again. >>Most Homeowners Have Enough Equity To Sell Their Homes For those who are exiting the forbearance program without a plan in place, many will have enough equity to sell their homes instead of facing foreclosures. Due to rapidly rising home prices over the last two years, the average homeowner has gained record amounts of equity...

Are There More Homes Coming to the Market? According to a recent survey NAR, one of the top challenges buyers face in today’s housing market is finding a home that meets their needs. That’s largely because the inventory of homes for sale is so low today. If you’re looking to buy a home, you may have noticed this yourself. But there is good news. Recent data shows more sellers are listing their houses this season, which may give you more options for your home search. The lates...t data from realtor.com shows the number of listings coming onto the market has increased since the start of the year. And according to realtor.com, this growth is expected to continue. Their research finds the majority of potential sellers plan to list their homes over the next six months. But while new listings are increasing, it’s important to know they’re also selling quickly. The latest Realtors Confidence Index from NAR shows the median days on market for recently sold...

Fears of housing bubble mount, but any correction won’t be like the last Contact me to discuss the latest scoop in real estate! #newyorkrealestate #newyorkrealestateagent #newyorkrealestatebroker #longislandrealestate #hamptonsrealestate #nyrealestate #realestatenyc #realestateny #manhattanrealestate #compassny https://www.roomvu.com/nws/aRnMOVxyf3ujoLC

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Will Home Prices Fall This Year? Here’s What Experts Say. Many people are wondering: will home prices fall this year? Whether you’re a potential homebuyer, seller, or both, the answer to this question matters for you. Let’s break down what’s happening with home prices, where experts say they’re headed, and how this impacts your homeownership goals. >>What’s Happening with Home Prices?... Home prices have seen 121 consecutive months of year-over-year increases. CoreLogic says, Price appreciation averaged 15% for the full year of 2021, up from the 2020 full year average of 6%. So why are prices climbing so much? It’s because there are more buyers than there are homes for sale. This imbalance is expected to maintain that upward pressure on home prices because homes for sale are a hot commodity in today’s low-inventory housing market. >>Where Do Experts Say Prices Will Go from Here? Experts say the housing market isn’t set up for a...

How Today’s Mortgage Rates Impact Your Home Purchase If you’re planning to buy a home, it’s critical to understand the relationship between mortgage rates and your purchasing power. Purchasing power is the amount of home you can afford to buy that’s within your financial reach. Mortgage rates directly impact the monthly payment you’ll have on the home you purchase. So, when rates rise, so does the monthly payment you’re able to lock in on your home loan. In a rising-rate envi...ronment like we’re in today, that could limit your future purchasing power. Today, the average 30-year fixed mortgage rate is above 5%, and in the near-term, experts say that’ll likely go up in the months ahead. You have the opportunity to get ahead of that increase if you buy now before that impacts your purchasing power. >>Mortgage Rates Play a Large Role in Your Home Search You’re more likely to exceed your target payment range as mortgage rates increase unless you...