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Category: Real Estate Market News

    2023 Real Estate Market Outlook (And What It Means for You)

    By Spectrum Real Estate Consultants | January 16, 2023

    Last year, one factor drove the real estate market more than any other: rising mortgage rates. In March 2022, the Federal Reserve began a series of interest rate hikes to pump the brakes on inflation. And while some market sectors have responded slowly, the housing market has reacted accordingly. Both demand and price appreciation have... Read More

    5 Ways to Write a Winning Offer in Today’s Real Estate Market

    By Spectrum Real Estate Consultants | May 27, 2022

    Our nation is amid a serious housing crunch. Last year, a lack of inventory and soaring prices left many would-be home buyers feeling pinched. But now, with interest rates climbing, many of them are also feeling desperate to lock in a mortgage — which has only added fuel to the fire. Fortunately, if you’re a... Read More

    A Return to ‘Normal’? The State of Real Estate in 2022

    By Spectrum Real Estate Consultants | January 29, 2022

    What's ahead for the U.S. housing market in 2022? Here's where industry experts predict the market is headed in the coming year.  Read More

    Number Don’t Lie, It’s Still a Great Time To Sell

    By Spectrum Real Estate Consultants | December 8, 2021

    Heading into the end of the year, you might wonder if it’s still a good time to sell your house. Read More

    Five Reasons to Buy and Sell This Fall or Winter

    By Spectrum Real Estate Consultants | December 6, 2021

    The Often – Overlooked Perks of Low Season As the temperature cools off, so does all the heat generated by the summer selling season. But, just because it’s no longer the busiest time of year in the housing market doesn’t mean your best chance to buy or sell a home has passed. Each season offers... Read More

    Renters Missed Out on $51,500 This Past Year

    By Spectrum Real Estate Consultants | November 23, 2021

    If you are currently deciding whether to rent or own a home, we have some inside info on the current market to help you make your decision. The first thing you should consider is that rents have increased significantly this year. Although rents have steadily risen since 1988, the sharp increase in 2021 has made... Read More

    New Build or Existing Home: Which One Is Right for You?

    By Spectrum Real Estate Consultants | November 18, 2021

    Homebuyers today are facing a huge dilemma. There simply aren’t enough homes for sale. Nationwide, there were 1.27 million active listings in September, down 13% from the previous year. According to the National Association of Realtors, that’s about 2.4 months of inventory, which is far less than the six months that is generally needed to... Read More

    Americans Chose Real Estate as the Best Investment

    By Spectrum Real Estate Consultants | July 22, 2021

    For the eighth year in a row, real estate maintained its position as the preferred long-term investment among Americans. Real estate has been gaining ground against stocks, gold, and savings accounts over the last 11 years and now stands at its highest rating in survey history. Read More

    The Recent Explosion in Lumber Prices

    By Spectrum Real Estate Consultants | July 14, 2021

    The pandemic has impacted and changed many industries, and lumber production is no exception. Lumber prices have more than tripled over the year amidst a pandemic-driven surge in new home construction and renovation. While wood production is at a 13-year high, the cost of lumber remains at record levels. The demand for lumber has increased... Read More

    The 4 Biggest Incentives for Homeowners to Sell Right Now

    By Spectrum Real Estate Consultants | June 24, 2021

    The housing market keeps sailing along, but the only headwind that could take it off course is the lack of inventory for sale. Read More