Charlottesville Real Estate

Mortgage Rates Will Come Down, It’s Just a Matter of Time

roballey@roywheeler.com (Rob Alley of the Avery Group at Roy Wheeler Realty Co.) — Mon, 21 Nov 2022 06:07:00 -0500

This past year, rising mortgage rates have slowed the red-hot housing market. Over the past nine months, we’ve seen fewer homes sold than the previous month as home price growth has slowed. All of this is due to the fact that the average 30-year fixed mortgage rate has doubled this year, severely limiting homebuying power […]
http://dlvr.it/Sd6kZZ

Should You Update Your House Before You Sell? Ask a Real Estate Professional. [INFOGRAPHIC]

roballey@roywheeler.com (Rob Alley of the Avery Group at Roy Wheeler Realty Co.) — Fri, 18 Nov 2022 06:04:00 -0500

Some Highlights * You may be wondering what needs to be renovated before you sell your house. In today’s shifting market, making your house appealing is more important than ever. * That’s why it’s essential to lean on a real estate professional who has in-depth knowledge of today’s housing market. They know what buyers are looking for and how to highlight any upgrades you make. * Let’s connect so you know where to focus your efforts so your house will stand out in a today’s market.
http://dlvr.it/SczQ4p

More People Are Finding the Benefits of Multigenerational Households Today

roballey@roywheeler.com (Rob Alley of the Avery Group at Roy Wheeler Realty Co.) — Thu, 17 Nov 2022 06:05:00 -0500

If you’re thinking of buying a home and living with siblings, parents, or grandparents, then multigenerational living may be for you. The Pew Research Center defines a multigenerational household as a home with two or more adult generations. And the number of individuals choosing multigenerational living has increased over the past 50 years. As you […]
http://dlvr.it/ScwLLP

Why It May Be Time To Add Newly Built Homes to Your Search

roballey@roywheeler.com (Rob Alley of the Avery Group at Roy Wheeler Realty Co.) — Tue, 15 Nov 2022 06:02:00 -0500

If you put a pause on your home search because you weren’t sure where you’d go once you sold your house, it might be a good time to get back into the market. If you’re willing to work with a trusted agent to consider a newly built home, you may have even more options and […]
http://dlvr.it/Scp7c6

Home Equity: A Source of Strength for Homeowners Today

roballey@roywheeler.com (Rob Alley of the Avery Group at Roy Wheeler Realty Co.) — Mon, 14 Nov 2022 06:04:00 -0500

Experts agree there’s no chance of a large-scale foreclosure crisis like we saw back in 2008, and that’s good news for the housing market. As Mark Fleming, Chief Economist at First American, says: “. . . don’t expect a housing bust like the mid-2000s, as lending standards in this housing cycle have been much tighter […]
http://dlvr.it/Scl3vv

VA Loans: Making Homes for the Brave Achievable [INFOGRAPHIC]

roballey@roywheeler.com (Rob Alley of the Avery Group at Roy Wheeler Realty Co.) — Fri, 11 Nov 2022 06:02:00 -0500

Some Highlights * VA Loans can help make homeownership possible for those who have served our country. * These loans offer great benefits for eligible individuals and can help them buy a VA-approved house or condo, build a new home, or make improvements to their house. * Homeownership is the American Dream. One way we can honor and thank our veterans is to ensure they have the best information about the benefits of VA home loans.
http://dlvr.it/Scbnnk

VA Loans Can Help Veterans Achieve Their Dream of Homeownership

roballey@roywheeler.com (Rob Alley of the Avery Group at Roy Wheeler Realty Co.) — Thu, 10 Nov 2022 06:02:00 -0500

For over 78 years, Veterans Affairs (VA) home loans have provided millions of veterans with the opportunity to purchase homes of their own. If you or a loved one have served, it’s important to understand this program and its benefits. Here are some things you should know about VA loans before you start the homebuying […]
http://dlvr.it/ScXhTw

What’s Ahead for Mortgage Rates and Home Prices?

roballey@roywheeler.com (Rob Alley of the Avery Group at Roy Wheeler Realty Co.) — Wed, 9 Nov 2022 06:06:00 -0500

Now that the end of 2022 is within sight, you may be wondering what’s going to happen in the housing market next year and what that may mean if you’re thinking about buying a home. Here’s a look at the latest expert insights on both mortgage rates and home prices so you can make your […]
http://dlvr.it/ScTghX

The Majority of Americans Still View Homeownership as the American Dream

roballey@roywheeler.com (Rob Alley of the Avery Group at Roy Wheeler Realty Co.) — Tue, 8 Nov 2022 06:04:00 -0500

Buying a home is a powerful decision, and it remains a key part of the American Dream. In fact, the 2022 Consumer Insights Report from Mynd found the majority of people polled still view homeownership as a key life achievement. Let’s explore just a few of the reasons why so many Americans continue to value […]
http://dlvr.it/ScQVNZ

Key Factors Affecting Home Affordability Today

roballey@roywheeler.com (Rob Alley of the Avery Group at Roy Wheeler Realty Co.) — Mon, 7 Nov 2022 06:03:00 -0500

Every time there’s a news segment about the housing market, we hear about the affordability challenges buyers are facing today. Those headlines are focused on how much mortgage rates have climbed this year. And while it’s true rates have risen dramatically, it’s important to remember they aren’t the only factor in the affordability equation. Here […]
http://dlvr.it/ScMKGf

Homeownership Wins Over Time [INFOGRAPHIC]

roballey@roywheeler.com (Rob Alley of the Avery Group at Roy Wheeler Realty Co.) — Fri, 4 Nov 2022 06:07:00 -0400

Some Highlights * If you’re questioning whether or not to buy a home this year due to today’s cooling market, consider the long-term financial benefits of homeownership. * As a homeowner, equity increases your wealth. On average, nationwide, home prices appreciated by 2% since 1991. * Homeownership wins in the long run. If you’re ready to buy a home, let’s connect today.
http://dlvr.it/ScCncC

Do You Believe Homeownership Is Out of Reach? Maybe It Doesn’t Have To Be.

roballey@roywheeler.com (Rob Alley of the Avery Group at Roy Wheeler Realty Co.) — Thu, 3 Nov 2022 06:07:00 -0400

It turns out, millennials aren’t the renter generation after all. The 2022 Consumer Insights Report from Mynd says there’s a portion of millennial and Gen Z buyers who are pursuing homeownership as a way to build their wealth, but it may not be exactly the way previous generations have done it. The study explains how […]
http://dlvr.it/Sc8cw9

Sell Your House Before the Holidays

roballey@roywheeler.com (Rob Alley of the Avery Group at Roy Wheeler Realty Co.) — Wed, 2 Nov 2022 06:03:00 -0400

As you look ahead to the winter season, you’re likely making plans and thinking about what you want to achieve before the year ends. One of those key decision points could be whether or not you want to move this year. If the location or size of your current home no longer meets your needs, […]
http://dlvr.it/Sc5bjv

3 Trends That Are Good News for Today’s Homebuyers

roballey@roywheeler.com (Rob Alley of the Avery Group at Roy Wheeler Realty Co.) — Tue, 1 Nov 2022 06:06:00 -0400

While higher mortgage rates are creating affordability challenges for homebuyers this year, there is some good news for those people still looking to buy a home. As the market has cooled this year, some of the intensity buyers faced during the peak frenzy of the pandemic has cooled too. Here are just a few trends […]
http://dlvr.it/Sc2dl7

Taking the Fear out of Saving for a Home

roballey@roywheeler.com (Rob Alley of the Avery Group at Roy Wheeler Realty Co.) — Mon, 31 Oct 2022 06:01:00 -0400

If you’re planning to buy a home, knowing what to budget for and how to save may sound scary at first. But it doesn’t have to be. One way to take the fear out of budgeting is understanding some of the costs you might encounter. And to do that, turn to trusted real estate professionals. […]
http://dlvr.it/Sbzkqz

Applying for a Mortgage Doesn’t Have To Be Scary [INFOGRAPHIC]

roballey@roywheeler.com (Rob Alley of the Avery Group at Roy Wheeler Realty Co.) — Fri, 28 Oct 2022 06:06:00 -0400

Some Highlights * Even with higher mortgage rates, the mortgage process doesn’t need to be something you fear. Here are some steps to help as you set out to buy a home. * Know your credit score and work to build strong credit. When you’re ready, lean on the pros and connect with a lender so you can get pre-approved and begin your home search. * Any major life change can be scary, and buying a home is no different. Let’s connect so you have an advisor by your side to take fear out of the equation.
http://dlvr.it/SbrgMP

Millennials Are Still a Driving Force of Today’s Buyer Demand

roballey@roywheeler.com (Rob Alley of the Avery Group at Roy Wheeler Realty Co.) — Thu, 27 Oct 2022 06:02:00 -0400

If you’re thinking about selling your house but wondering if buyers are still out there, know that there are still people who are searching for a home to buy today. And your house may be exactly what they’re looking for. While the millennial generation has been dubbed the renter generation, that namesake may not be […]
http://dlvr.it/SbnZYj

3 Graphs Showing Why Today’s Housing Market Isn’t Like 2008

roballey@roywheeler.com (Rob Alley of the Avery Group at Roy Wheeler Realty Co.) — Wed, 26 Oct 2022 06:07:00 -0400

With all the headlines and talk in the media about the shift in the housing market, you might be thinking this is a housing bubble. It’s only natural for those thoughts to creep in that make you think it could be a repeat of what took place in 2008. But the good news is, there’s […]
http://dlvr.it/SbkW9V

What Happens to Housing when There’s a Recession?

roballey@roywheeler.com (Rob Alley of the Avery Group at Roy Wheeler Realty Co.) — Tue, 25 Oct 2022 06:32:00 -0400

Since the 2008 housing bubble burst, the word recession strikes a stronger emotional chord than it ever did before. And while there’s some debate around whether we’re officially in a recession right now, the good news is experts say a recession today would likely be mild and the economy would rebound quickly. As the 2022 […]
http://dlvr.it/SbgVsN

Pre-Approval Is a Critical First Step on Your Homebuying Journey

roballey@roywheeler.com (Rob Alley of the Avery Group at Roy Wheeler Realty Co.) — Mon, 24 Oct 2022 06:03:00 -0400

If you’re planning to buy a home this year, one of the first steps on your journey is getting pre-approved. Especially in today’s market when mortgage rates are higher than they were just a few months ago, getting a mortgage pre-approval can be a game changer. Here’s why. What Is Pre-Approval? To better understand why […]
http://dlvr.it/SbcLBM

3 Questions You May Be Asking About Selling Your House Today [INFOGRAPHIC]

roballey@roywheeler.com (Rob Alley of the Avery Group at Roy Wheeler Realty Co.) — Fri, 21 Oct 2022 06:09:00 -0400

Some Highlights * If you’re planning to sell your house this year, you likely have questions about what the shift in the housing market means for your home sale. * You might be wondering: Should I wait to sell? Are buyers still out there? And can I afford to buy my next home? * Let’s connect so you can get answers to these questions and learn about the opportunities you still have in today’s housing market.
http://dlvr.it/SbSq76

What’s Ahead for Home Prices?

roballey@roywheeler.com (Rob Alley of the Avery Group at Roy Wheeler Realty Co.) — Thu, 20 Oct 2022 06:05:00 -0400

As the housing market cools in response to the dramatic rise in mortgage rates, home price appreciation is cooling as well. And if you’re following along with headlines in the media, you’re probably seeing a wide range of opinions calling for everything from falling home prices to ongoing appreciation. But what’s true? What’s most likely […]
http://dlvr.it/SbPbCJ

Should You Still Buy a Home with the Latest News About Inflation?

roballey@roywheeler.com (Rob Alley of the Avery Group at Roy Wheeler Realty Co.) — Wed, 19 Oct 2022 06:03:00 -0400

While the Federal Reserve is working hard to bring down inflation, the latest data shows the inflation rate is still high, remaining around 8%. This news impacted the stock market and added fuel to the fire for conversations about a recession. You’re likely feeling the impact in your day-to-day life as you watch the cost […]
http://dlvr.it/SbLHJp

The Latest on Supply and Demand in Housing

roballey@roywheeler.com (Rob Alley of the Avery Group at Roy Wheeler Realty Co.) — Tue, 18 Oct 2022 06:01:00 -0400

Over the past two years, the substantial imbalance of low housing supply and high buyer demand pushed home sales and buyer competition to new heights. But this year, things are shifting as supply and demand reach an inflection point. The graph below helps tell the story of just how different things are today. This year, […]
http://dlvr.it/SbGz9f