From 1985 to 2008, the average length of time homeowners typically stayed in their homes was only six years. But according to the National Association of Realtors (NAR), that number is rising today, meaning many homeowners are living in their houses even longer (see graph below):
Additionally, if you’ve been in your house for more than a few years, you’ve likely built-up significant equity that can fuel your next move. That’s because the longer you’ve been in your house, the more likely it’s grown in value due to home price appreciation. Data from the Federal Housing Finance Agency (FHFA) illustrates that point (see graph below):
The decision to buy now or wait is a very personal one, but it’s valuable to have an expert’s perspective.
Here’s a look at decades of data that shows exactly what’s happened to home sales, prices, and mortgage rates
If you’ve been keeping an eye on the housing market over the past couple of years, you know sellers have had the upper hand. But is that going to shift now that invent… Read more
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Should you buy a home now or should you wait? That’s a big question on many people’s minds today.
Buyers face challenges in any market – and today’s is no different.
There are more homes up for grabs this year.
Let’s break down what it is and why it’s important if you’re looking to buy a home in 2024.
The Snyder | Bradshaw Group is led by two real estate veterans who partnered to create an unmatched real estate experience for their clients. Their extensive real estate knowledge and unique approach have forged an elevated level of customer service that benefits their selling clients and buyers alike.