O'Dell Group

06/17/2024

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Orange Park FL Real Estate & Homes for Sale | Herron Real Estate

09/24/2022

While there’s no way to know with certainty where mortgage rates are heading, it’s important to stay informed about what’s happening with rates and how it could affect your purchase. Even small increases can impact your . If you’re looking to buy a home today, DM me so you have an expert on your side.

09/23/2022

This is an inflection point for the housing market. Over the past two years, we’ve seen a massive amount of buyer demand (showings) and not enough homes available for sale (listings). Today, supply and demand look very different. Supply is up and demand is down. If you have questions about what that shift means for you, DM me.

09/22/2022

What Experts Say Will Happen with Home Prices Next Year

Experts are starting to make their 2023 home price forecasts. As they do, most agree homes will continue to gain value, just at a slower pace. Over the past couple of years, home prices have risen at an unsustainable rate, leaving many to wonder how long it would last. If you’re asking yourself: what’s ahead for the price of my home, know that experts are now answering this question, and its welcome news for homeowners who may have been led by the media to believe their home would lose value.

Historically, home prices have appreciated at a rate near 4%. For 2023, the average of six major forecasters is 2.5%. While one, Zelman & Associates, is calling for depreciation, the other five are calling for appreciation.

To understand why experts are calling for appreciation next year, look to the economics of supply and demand. Two things are driving home prices upward. First, the undersupply of homes on...

Experts are starting to make their 2023 home price forecasts. As they do, most agree homes will continue to gain value, just at a slower pace. Over the past couple of years, home prices have risen at an unsustainable rate, leaving many to wonder how long it would last. If you’re asking yourself: w...

09/21/2022

If you’re thinking of selling a house, you’ll want a real estate professional on your side. A trusted advisor can help you navigate today’s home pricing and market values, the contracts and fine print, the negotiations along the way, and more. DM me so you have an expert partner when you sell.

09/20/2022

Watching the Stock Market? Check the Value of Your Home for Good News.

While watching the stock market recently may have started to feel pretty challenging, checking the value of your home should come as welcome relief in this volatile time. If you’re a homeowner, your net worth got a big boost over the past few years thanks to rising home prices. And that increase in your wealth came in the form of home equity. Here’s how it works.

Equity is the current value of your home minus what you owe on the loan. Because there was a significant imbalance between the number of homes available for sale and the number of buyers looking to make a purchase over the past few years, home prices appreciated substantially. And while rising inventory and mortgage rates have cooled the market some in recent months, home prices nationally remain strong.

That’s why, according to the latest Homeowner Equity Insights from CoreLogic, the average homeowner equity has grown by...

While watching the stock market recently may have started to feel pretty challenging, checking the value of your home should come as welcome relief in this volatile time. If you’re a homeowner, your net worth got a big boost over the past few years thanks to rising home prices. And that increase i...

09/19/2022

The housing market is undergoing a shift. The supply of homes for sale has increased, so buyers have more options today. But experts say homes priced at current market value are still in demand. If you’re planning to sell, DM me so you have a local real estate expert to help you price your home right for today’s market.

09/18/2022

If you’re ready to buy, newly built homes could be a great option for you. Data shows the supply of new homes has grown this year, and many builders are now offering incentives to buyers, including reducing their prices. Ready to explore new homes in our area and see what the builders have to offer? DM me.

09/17/2022

Today’s housing market is nothing like 2008. Back then, it was much easier to get a home loan than it is now. Buyers today face tighter lending standards, which is one reason why it’s unlikely we’ll see a wave of foreclosures like we did the last time. If you want more information on why today’s market isn’t a bubble about to burst, DM me.

09/16/2022

If you’re shopping for a home today, you’ll have more options to choose from – but inventory is still low overall. That means you’ll need to lean on a real estate pro for everything from staying up to date with listings in our area to crafting a competitive offer when you’ve found the one. If you’re ready to start your home search, DM me today.

09/15/2022

How Your Home Sale or Purchase Impacts the Economy

When you buy or sell a home, you're making a difference in your community. Let's connect if you're ready to make a move and make an impact.