The last year has put emphasis on the importance of one’s home. As a result, some renters are making the jump into homeownership while some homeowners are re-evaluating their current house and considering a move to one that better fits their current lifestyle.

Today’s housing market is full of unprecedented opportunities. High buyer demand paired with record-low housing inventory is creating the ultimate sellers’ market, which means it’s a fantastic time to sell your house.

The housing market keeps sailing along. The only headwind that could take it off course is the lack of inventory for sale. The National Association of Realtors (NAR) reports that there were 410,000 fewer single-family homes for sale this March than in March of 2020.

So far this year, mortgage rates continue to hover around 3%, encouraging many hopeful homebuyers to enter the housing market. However, there’s a good chance rates will increase later this year and going into 2022, ultimately making it more expensive to borrow money for a home loan.

There are many financial and non-financial benefits of homeownership, and the greatest financial one is wealth creation. Homeownership has always been the first rung on the ladder that leads to forming household wealth.

I’ve helped folks sell many homes over the years. One thing I know that has been proven over and over again is the necessity to make your home look its best.

One key way to do that is by “staging.” Staging a home is simply arranging and preparing your home to appeal to the buyer.

Santa Fe is often touted as:

“The Best Place to Retire”

“The Best Small Town”

“#1 Place for Business Start up”

“Top city of artists per capita”

“Top Day Trip Destination”

“Best city in the US”

“Top 10 Cities for Art Lovers”

“Best Vacation Spots i…

We have all seen the headlines that report that buying a home is less affordable today than it was at any other time in the last ten years, and those headlines are accurate.

Whether you’re buying your first home or selling your current house, if your needs are changing and you think you need to move, the decision can be complicated.

Spring is almost here, and many are wondering what it will bring for the housing market. Even though the pandemic continues on, it’s certain to be very different from the spring we experienced at this time last year.