THE KILPELA GROUP
VIDEO
Why There Won't Be a Wave of Foreclosures
Have you heard the news stories lately about the rising number of foreclosures in today's housing market? Well, here's some context. The forbearance program allowed homeowners to pause their mortgage payments during the pandemic. And while some fear this would lead to a surge in foreclosures, well, that isn't really happening. Take a look at this. While foreclosure filings doubled over the last year, there are still near record lows, and they are certainly nowhere near where they were when the housing market crashed. The latest data shows foreclosures are also well below what the housing market has seen even the more typical years, like from 2017 to 2019. So what does this mean with a more qualified buyer and a program that's helped keep new homeowners in their homes? There is no reason to fear a wave of foreclosures. And as a trusted expert, I'm here to explain what's actually happening in today's housing market. If you have questions, let's connect
The Most Important Steps When Pricing Your House In Today's House Market
Ready to sell your house? Here's one of the most important steps when you do price it at today's market value. Because let's be real the housing market isn't the competitive frenzy it was a couple years ago. But that doesn't mean you've missed your chance to sell your house. We just need an extra partner to help you price your house based on where the market is right now. Here's why it's worth it to price your house at today's market value. The right price can help you attract more buyers and getting more buyers attention on your house sets you up to maximize your return and sell your house as quickly as possible. I know you want to sell your house for as much as you can. Don't make the mistake of overpricing it that can limit your buyer pool and leave your house sitting on the market for a long time. On the flip side under pricing, it can make buyers wonder if there's something wrong and can leave money on the table. That's why if you want to win when you sell your house, it needs to be priced at today's market value. Let's work together to find the right price for your house today.
Should You Buy or Rent a Home?
If you're a renter, you're probably have to make an important decision this year, renew your current lease, start a new one or buy a home. Before you decide you should think about your long term plans. If you take a look at this graph, it shows the median asking rent has gone up pretty significantly since 1988. And that's expected to continue which makes renting a rising cost. And the other hand, homeowners have a set monthly mortgage, so their payments are more predictable. So if you're looking for more stability in your housing costs, it might be time to think about buying a home instead of renting one. On top of that homeowners also build equity, which helps grow their net worth, in fact that the average homeowner gained more than $34,000 in equity over the last year alone. That's money you won't earn when you're renting. So if you're thinking of renting again this year, it's important to keep the long game in mind. Want to learn more about how you can become a homeowner. Let's chat !