Rick Montes Realtor - EXP Realty

01/03/2022

Take control of your mudroom with the use of these items.

Pinterest is full of spacious, pristine mudrooms, but for most of us, our entryway is a constant source of clutter.

01/01/2022

Very often a change of self is needed more than a change of scene. -A.C. Benson

12/28/2021

Properly plan your project by including these steps in your .

It is considered important that you identify the location of your house before looking forward to installing a new roof.

12/23/2021

Knowing how to calculate your card's interest can be helpful.

Here’s what you need to know about credit card interest.

12/20/2021

Learn how to determine what a house needs.

Thinking of renovating? Make this key move before you commit to it.

11/27/2021

Set your and then stick to them.

Looking for ways to save money fast and get back on track? This post goes over 65 ways to save money on a tight budget this month.

11/25/2021

Gratitude is the sign of noble souls. -Aesop

11/23/2021

can make for some delicious . These recipes include a lot of different options.

Your speckled bunches have so much potential.

04/30/2021

It's a Great Time for Your House to Shine

Today's housing market makes it easy to win as a seller. Let's connect if you're ready to make a move this year.

04/29/2021

Is Home Price Appreciation Accelerating Again?

At the beginning of the year, industry forecasts called for home price appreciation to slow to about half of the double-digit increase we saw last year. The thinking was that inventory would increase from record-low levels and put an end to the bidding wars that have driven home prices up over the past twelve months. However, that increase in inventory has yet to materialize. The National Association of Realtors (NAR) reports that there are currently 410,000 fewer single-family homes available for sale than there were at this time last year.

This has forced those who made appreciation forecasts this past January to amend those projections. The Mortgage Bankers Association, Fannie Mae, Freddie Mac, the National Association of Realtors, and Zelman & Associates have all adjusted their numbers upward after reviewing first quarter housing data, from an average 5.3% to a new average 7.7%.

Even with the increases...

At the beginning of the year, industry forecasts called for home price appreciation to slow to about half of the double-digit increase we saw last year. The thinking was that inventory would increase from record-low levels and put an end to the bidding wars that have driven home prices up over the p...

04/28/2021

Patience Is the Key to Buying a Home This Year

The question many homebuyers are facing this year is, “Why is it so hard to find a house?” We’re in the ultimate sellers’ market, which means real estate is ultra-competitive for buyers right now. The National Association of Realtors (NAR) notes homes are getting an average of 4.8 offers per sale, and that number keeps rising. Why? It’s because there are so few houses for sale.

While many homeowners paused their plans to sell during the height of the pandemic, this isn’t the main cause of today’s huge gap between supply and demand. Sam Khater, Vice President and Chief Economist at Freddie Mac, Economic Housing and Research Division, shares, “The main driver of the housing shortfall has been the long-term decline in the construction of single-family homes . . . That decline has resulted in the decrease in supply of entry-level single-family homes or, ’starter homes.’”

The number of newly...

The question many homebuyers are facing this year is, “Why is it so hard to find a house?” We’re in the ultimate sellers’ market, which means real estate is ultra-competitive for buyers right now. The National Association of Realtors (NAR) notes homes are getting an average of 4.8 offers per...

04/27/2021

Will the Housing Market Maintain Its Momentum?

Last week’s Existing Home Sales Report from the National Association of Realtors (NAR) shows sales have dropped by 3.7% compared to the month before. This is the second consecutive month that sales have slumped. Some see this as evidence that the red-hot real estate market may be cooling. However, there could also be a simple explanation as to why existing home sales have slowed – there aren’t enough homes to buy. There are currently 410,000 fewer single-family homes available for sale than there were at this time last year.

Lawrence Yun, Chief Economist at NAR, explains in the report, "The sales for March would have been measurably higher, had there been more inventory. Days-on-market are swift, multiple offers are prevalent, and buyer confidence is rising." Yun’s insight was supported the next day when the Census Bureau released its Monthly New Residential Sales Report. It shows that newly constructed...

Last week’s Existing Home Sales Report from the National Association of Realtors (NAR) shows sales have dropped by 3.7% compared to the month before. This is the second consecutive month that sales have slumped. Some see this as evidence that the red-hot real estate market may be cooling. However,...