Friday, September 9, 2022 / by Jesse Allen
Published on September 9th, 2022
8 min read
Jennifer SchmidtContributing Author
Richard HaddadManaging Editor
You see homes selling for a lot of money in your neighborhood, and think, “I wonder what the value of my home would be?” In a changing housing market, the sold price depends on many factors, and sometimes you’re not sure where to start in finding the best information about your home.
Fortunately, our expert Jesse Allen, from Jeffersonville, Indiana, is a top producing agent who specializes in single-family homes, and knows what determines value. As a homeowner, being aware of these details can also make your life easier in making financial decisions.
How are property value estimates used?
Property value estimates are generally used by banks, insurance companies, and homeowners for determining how or if financial transactions can move forward. For instance, if the value of your home doesn ...
Friday, June 3, 2022 / by Jesse Allen
In recent years, we’ve experienced a seller’s market – and many homeowners have been eager to take advantage of the situation.
During the pandemic years, plunging interest rates were counter-balanced by rising home sales. That balance is shifting. According to the U.S. Census Bureau and the Department of Housing and Urban Development (HUD), new home sales fell 16.6% from March 2022 to April 2022, a nearly 27% drop from a year ago. Interest rates on 30-year fixed-rate mortgages reached their highest since April 2020.
Nevertheless, despite rising interest rates and creeping inflation, the housing market continues to enjoy favorable pricing, largely due to low inventory. Reuters calculated that the median price of new homes increased 21.4% in March from the previous year – resulting in homeowners asking the question: Is this a good time to sell my home?
If a homeowner determines that this is the time to move, question ...