E.W. Walker Jr Real Estate Team

12/12/2024

1618 Prentis Ave, Portsmouth, VA 23704-4632 just hit the market!
Take a look at this awesome space: https://edw-walkerjr.1stclassrehomes.com/d8ratybk

06/29/2024

Housing Market Forecast for the 2nd Half of 2024 [INFOGRAPHIC]

Wondering what the second half of the year holds for the housing market? Here’s what expert forecasts say. Home prices are expected to climb moderately. Mortgage rates are forecast to come down slightly. And, home sales are projected to hold steady. If you have questions about what to expect for the rest of the year, DM me so we can have a conversation about what it means for you and your plans.

Wondering what the second half of the year holds for the housing market? Here’s what expert forecasts say. 

06/28/2024

Housing Market Forecast for the 2nd Half of 2024

Housing market forecasts for the second half of the year say price growth will moderate, rates could come down slightly, and home sales will hold steady. Want to talk about what these forecasts mean for you? Reach out and let’s chat.

06/28/2024

Buying a home? Don't skip the inspection.

It protects your financial interest and helps you understand the home's condition. If issues arise – like an old roof or HVAC repairs – your agent has your back.

They can help you negotiate repairs with the seller so you can feel confident about buying your home.

06/27/2024

The Difference Between an Inspection and an Appraisal

When you decide to buy your first home, you may come across a number of terms and conditions you’re not familiar with. While you may have a general idea of what an inspection is, maybe you’re not sure why you need one or how it’s different from an appraisal. To keep it simple, here’s an explainer of each one and what they mean for you as a homebuyer.

Home Inspection

Once you’re under contract on a home you’d like to buy, getting an inspection is a key part of the process. An inspection gives you a clear idea of the safety and overall condition of the home – which is important for such a big transaction.

And don’t worry – you don’t have to go through that process alone. Your real estate agent will be your advocate and negotiate with the seller for you.

Home Appraisal

While the inspection tells you about the current state of the house, an appraisal gives you its...

When you decide to buy your first home, you may come across a number of terms and conditions you’re not familiar with.

06/27/2024

Focus on Time in the Market, Not Timing the Market

Should you buy a home now or should you wait? That’s a big question on many people’s minds today. And while what timing is right for you will depend on a lot of other personal factors, here’s something you may not have considered.

If you’re able to buy at today’s rates and prices, it may be better to focus on time in the market, rather than timing the market.

The Downside of Trying To Time the Market

Trying to time the market isn’t a good strategy because things can change. Here’s an example. For the better part of this year, projections have said mortgage rates will come down. And while experts agree that’s still what’s ahead, shifts in various market and economic factors have pushed back the timing of when that’ll happen.

The Advice You Need To Hear If You’re Ready and Able To Buy Now

Right now, you may be focused on what’s happening with mortgage rates...

Should you buy a home now or should you wait?

06/26/2024

Should you buy now or wait? Consider this.
If you bought a $400,000 home at the start of this year, you’d be set up to gain roughly $83,000 in equity over the next 5 years based on expert forecasts.
So, if you’re ready and able to buy today, remember to factor in the equity that’s at stake as you make your decision.
This is why time in the market is better than timing the market.

06/26/2024

Housing Market Forecast: What’s Ahead for the 2nd Half of 2024

As we move into the second half of 2024, here’s what experts say you should expect for home prices, mortgage rates, and home sales.

Home Prices Are Expected To Climb Moderately

Home prices are forecasted to rise at a more normal pace. The graph below shows the latest forecasts from seven of the most trusted sources in the industry:

The reason for continued appreciation? The supply of homes for sale.

While inventory is up compared to the last couple of years, it’s still low overall. And because there still aren’t enough homes to go around, that’ll keep upward pressure on prices.

If you’re thinking of buying, the good news is you won’t have to deal with prices skyrocketing like they did during the pandemic. Just remember, prices aren’t expected to drop. They’ll continue climbing, just at a slower pace.

Mortgage Rates Are Forecast To Come Down...

As we move into the second half of 2024, here’s what experts say you should expect for home prices, mortgage rates, and home sales.

06/25/2024

Have you heard? Inventory is growing.

And not all that growth is because more homeowners are putting their houses up for sale (new listings). It’s also that some homes are taking a bit longer to sell (active listings).

If you want to make sure your listing doesn’t stick around long enough to go stale, DM me to chat about the marketing strategies I’ll use to draw in more buyers.

06/24/2024

Want to know what to expect from the housing market for the second half of the year?

Expert forecasts say:

Prices will keep rising, just at a slower pace.
Mortgage rates will come down slightly.
And sales will hold steady.

If you have questions about what’s ahead and want advice from a pro, I'm here to help.

06/24/2024

Ready to plan your ultimate getaway?

Consider buying a vacation home to relax and enjoy the sun whenever you want.

From better weather to a gathering place for family and friends, many people are seeing the benefits of owning a second home.

Curious if it's right for you? Let’s chat!

06/23/2024

The Downsides of Selling Your House Without an Agent

Considering selling your house without an agent? You should know there are some serious downsides to handling it on your own. You’ll be missing out on marketing tools that draw in more buyers, pricing and market expertise, essential negotiation skills, in-depth knowledge of the fine print in contracts, and so much more. Don’t take all of this responsibility on. Instead, DM me so you have someone with the knowledge and experience you’ll need on your side.

Considering selling your house without an agent? You should know there are some serious downsides to handling it on your own.