Victoria Armstrong Real Estate/Licensed in Colorado & Alabama

03/06/2022

03/05/2022

If you are curious about the levels of demand nationally, take a look at this map. Please share your thoughts.

Some Highlights Today’s housing market is the direct result of low supply and high buyer demand. Here’s what that means for you and your plans to buy or sell. For buyers, expect competition, be ready to move fast, and be prepared to submit your strongest offer. For sellers, know your house will ...

02/28/2022

Some Highlights If you’re deciding whether to rent or buy, consider the many financial benefits that come with owning a home. As a renter, you build your landlord’s wealth and face rising costs. As a homeowner, you build your own net worth and can lock in your monthly payments for the length of ...

02/26/2022

If you are interested in a real estate consultation, please schedule an appointment with me today. I’m excited to help with your real estate goals.

02/23/2022

The infographic explains why buyers are looking to purchase homes currently. Dive in and share your thoughts!

02/21/2022

Check out this graph that shows how owning a home has been inflation proof since the 70’s. The sooner a home is purchased the more the owner saves and continues to build equity. Just imagine how much equity you could have gained if you decided to purchase two years ago. If you are renting and are looking to lock in a great deal now, please message or call me.

02/12/2022

This article elaborates on why selling your property now is the best time to do so.

When you’re selling any item, you usually want to sell it for the greatest profit possible. That happens when there’s a strong demand and a limited supply for that item. In the real estate market, that time is right now. If you’re thinking of selling your house this year, here are two reasons ...

02/08/2022

In today’s sellers’ market, many homeowners are weighing their options and trying to decide if they should sell their house. If you’re in that group, you may be balancing things like the ongoing health crisis, rising mortgage rates, and your own changing needs to determine your best time to make a move.

However, recent data shows that time may already be here. According to the latest Home Purchase Sentiment Index (HPSI) by Fannie Mae, 76% of consumers believe now is a good time to sell.

Looking back over the past few years, its clear consumers are incredibly optimistic today. The graph below shows the percent of survey respondents who say it’s a good time to sell a house, and their positive outlook is on the rise. The big dip near the middle of the chart indicates how consumer sentiment about selling dropped at the beginning of the pandemic as uncertainty about the health crisis and its impact grew. The good news is, the trend today shows a continued, drastic improvement, and people are feeling more and more confident with time about selling a home.

In fact, survey respondents think it’s an even better time to sell a house today than they did in the lead-up to the health crisis. The latest survey results indicate we’re at one of the strongest peaks in seller sentiment since March of 2019, hitting highs when 77% of people thought it was a good time to sell only twice before in June and October of 2021.

Consumers Agree: It’s a Good Time To Sell | MyKCM

Why Are Consumers So Optimistic About Today’s Housing Market?
From record-high equity gains to record-low housing supply and significant buyer demand, homeowners have more motivation than ever to sell. There are more buyers in today’s market than there are homes for sale, and that’s driving home prices up, making it a great time to sell your house.

According to the National Association of Realtors (NAR), the current supply of homes for sale today is at a 1.8-month supply, which is an all-time low. When the supply of homes for sale is low, sellers will likely see more offers, which is exactly what’s happening right now. As NAR notes:

“The average home for sale is receiving 3.8 offers today, up from 3.3 offers just one year ago.”

Bottom Line
With the inventory of houses for sale so low today pushing home prices in an upward direction, it’s no wonder consumers think it’s a good time to sell. If you’re ready to take advantage of today’s favorable sellers’ market, let’s connect today.

In today’s sellers’ market, many homeowners are weighing their options and trying to decide if they should sell their house. If you’re in that group, you may be balancing things like the ongoing health crisis, rising mortgage rates, and your own changing needs to determine your best time to ma...

01/26/2022

01/08/2022

Had a wonderful birthday yesterday! Thanks for all of the wonderful wishes. Praise to our Lord for allowing me to see my 38th birthday!

01/06/2022

There has been quite a bit of speculation about the housing market crashing in the near future due houses being purchased for way over the asking price. We clearly have houses that are not “worth” the asking price. So why are homes being purchased way more than its assessed value becoming a commonality? Based on my observations having worked at a law firm which recovered debts for major creditors, many consumers were and are able to payoff their debts faster compared to 15 years ago. Consumers are wiser financially and are more educated on processes such as the debt cycle and credit overall. Another point to add is, the mortgage and lending industries have formulated stricter guidelines to even purchase a home. There are many factors at play and I could write a thesis on this but let me know what your opinions are. Here is an article I would like to share that explains why a wave of foreclosures will likely not happen. Enjoy.

When mortgage forbearance plans were first announced and the pandemic surged through the country in early 2020, many homeowners were allowed to pause their mortgage payments.